05/08/2005 (Agence Europe) - In the financial sector, the European Commission has authorised Dexia Crédit Local, the French subsidiary of the Belgian group Dexia, and Kommunalkredit Austria AG (Austrian group Österreichische Volksbanken AG) to take control of Dexia Kommunalkredit Bank AG (Austria) and Kommunalkredit Finance (Czech Republic). The takeover, examined according to simplified procedure, does not cause any competition problems.