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Europe Daily Bulletin No. 8649

20 February 2004
Contents Publication in full By article 38 / 51
GENERAL NEWS / (eu) eu/state aid
Aid for restructuring of Bankgesellschaft Berlin approved

Brussels, 19/02/2004 (Agence Europe) - The Commission has approved aid for the restructuring of Bankgesellschaft Berlin. In exchange Germany and the Land Berlin submitted a variety of divestiture commitments. Currently the Land holds roughly 81% of BGB's shares. The economic value of the aid will total about €9.7 billion and will consist of three measures: a capital injection of €1.755 billion by the Land Berlin into BGB of August 2001, which the Commission authorised at the time under...

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