login
login

Europe Daily Bulletin No. 9766

22 October 2008
Contents Publication in full By article 13 / 25
GENERAL NEWS / (eu) eu/state aid
State aid for German IKB bank approved

Brussels, 21/10/2008 (Agence Europe) - On Tuesday 21 October, the European Commission announced that it was approving the restructuring package for German bank IKB. €9 billion in aid from the German authorities was used to sell the bank off to the US investment fund Lone Star. Competition Commissioner Neelie Kroes said: “The sale of IKB, important structural changes and significant reduction of activities provide a very comprehensive package and meet the requirements for a positive...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS