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Europe Daily Bulletin No. 8433

1 April 2003
Contents Publication in full By article 16 / 35
GENERAL NEWS / (eu) eu/state aid
Mario Monti and Francis Mer agree on scrapping guarantee granted by Caisse des dépôts et consignation to CDC IXIS

Brussels, 31.03.2003 (Agence Europe) - As reported in EUROPE of 29 March, p. 10, Commissioner Mario Monti and French finance minister, Francis Mer, signed an agreement on Friday (which now needs to be endorsed by the College of Commissioners) on the gradual phasing out of the state guarantee that the Caisse des dépôts et de consignations ("CDC") had extended in 2001 to its newly created subsidiary, CDC IXIS. CDC IXIS is a commercially active investment bank with extensive activities in...

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