Brussels, 19/12/2008 (Agence Europe) - On Thursday 18 December, the European Commission approved emergency recapitalisation worth €3.5 billion that the Belgian authorities intend to grant to KBC Group N.V. The Commission says the recapitalisation is accompanied by the measures necessary to ensure support for the credit market, which is essential if the real economy is to work properly, while minimising distortions of competition.
On 1 December 2008, the Belgian authorities notified their...