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Image header Agence Europe
Europe Daily Bulletin No. 9021
Contents Publication in full By article 30 / 43
GENERAL NEWS / (eu) eu/state aid

Agreement on recapitalisation of three Landesbanken

Brussels, 06/09/2005 (Agence Europe) - After ten years of inquiries concluded in October 2004 (EUROPE 8811) and followed by several months of negotiations not only on repayment terms but also on recapitalisation of banks (EUROPE 8870), the Commission has approved the capital increases of three of the seven Landesbanken, which had benefited from EUR 3 billion in illegal State aid. The regional banks - HSH Nordbank, Bayer LB and Landesbank Hessen Thüringen (Helaba) - bowed to the demands of...

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