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Image header Agence Europe
Europe Daily Bulletin No. 8611
Contents Publication in full By article 28 / 56
GENERAL NEWS / (eu) eu/state aid

Berliner Bank to be sold by 2007

Brussels, 19/12/2003 (Agence Europe) - Confronted with financial difficulties after unfortunate investments in real estate, the Bankgesellschaft Berlin (BGB), which is held by the Land of Berlin received rescue aid of 1.75 billion EUR from the regional authorities in 2001. This aid was authorised by the Commission, which the opened an inquiry into the conditions of this aid, which did not lead to sufficient restructuring of the Berlin bank, and into the Land's taking over of some of the real...

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