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Image header Agence Europe
Europe Daily Bulletin No. 9903
Contents Publication in full By article 22 / 32
GENERAL NEWS / (eu) eu/competition

Germany's HRE given go-ahead to buy up Hypo Real Estate

Brussels, 15/05/2009 (Agence Europe) - On Friday 15 May 2009, the European Commission cleared the planned acquisition of German financial institution Hypo Real Estate AG ("HRE") by Germany's state-owned Financial Market Stabilisation Fund ("SoFFin"). The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it. This is the first time in the current financial crisis that a bank...

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