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Europe Daily Bulletin No. 9654

1 May 2008
Contents Publication in full By article 12 / 31
GENERAL NEWS / (eu) eu/state aid
Commission requests Austria to recover around €55 million from buyer of Bank Burgenland

Brussels, 30/04/2008 (Agence Europe) - On Wednesday 30 April, at the end of a probe into the privatisation of the Bank Brugenland, the European Commission decided that Austria must recover some €55 million from Austrian insurance group Grazer Wechselseitige (GRAWE). The investigation, opened in December 2006 found that the Austrian regional government of Land Burgenland had infringed rules on state aid by selling off the Bank Burgenland to GRAWE for €100.3 million, when the Ukrainian...

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