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Europe Daily Bulletin No. 8384

23 January 2003
Contents Publication in full By article 31 / 38
GENERAL NEWS / (eu) eu/state aid
Commission proposes phase-out of guarantee for CDC IXIS

Brussels, 22/01/2003 (Agence Europe) - The Commission has requested the phasing out of the guarantee which the state bank Caisse des Dépôts et Consignations (CDC) extends to its subsidiary CDC IXIS. The French Authorities have already agreed that the guarantee will be abolished after a transitional period. France had already agreed to abandon this guarantee. The Commission has asked France to present a precise timetable with a maximum deadline of two months.

CDC IXIS is an investment bank...

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