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Europe Daily Bulletin No. 9932

1 July 2009
Contents Publication in full By article 20 / 38
GENERAL NEWS / (eu) eu/state aid
Commission temporarily authorises recapitalisation and asset relief for German bank LBBW

Brussels, 30/06/2009 (Agence Europe) - The European Commission announced on Tuesday 30 June that it had granted temporary clearance to a recapitalisation and an asset relief measure provided to Landesbank Baden-Württemberg (LBBW) by the German State of Baden-Württemberg. The recapitalisation will take the form of a €5 billion capital injection by its current owners. LBBW, Germany's fifth largest bank, is owned by the Land of Baden-Württemberg and other public bodies. The Commission...

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