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Europe Daily Bulletin No. 8088

10 November 2001
Contents Publication in full By article 15 / 44
GENERAL NEWS / (eu) eu/competition

09/11/2001 (Agence Europe) - Commissioner Monti is said to have approved the restructuring plan of the Westdeutschen Landesbank, the largest public bank in Germany. The plan provides for the banking institution to be divided into two, the first as a company governed by public law that will take over most of the activities of the former WestLB, and the other as a business subsidiary. "Legally, the WestLB is in order, in so far as the business subsidiary will not receive any secret subsidies...

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