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Image header Agence Europe
Europe Daily Bulletin No. 9939
Contents Publication in full By article 17 / 31
GENERAL NEWS / (eu) eu/state aid

Commission authorises aid for restructuring of Kaupthing Bank Luxembourg

Brussels, 09/07/2009 (Agence Europe) - On Thursday 9 July, the European Commission approved a loan of €320 million granted by Luxembourg for the restructuring of Kaupthing Bank Luxembourg S.A. As the primary purpose of the loan was to compensate depositors with the Belgian branch of Kaupthing Bank Luxembourg SA, the Belgian state decided to help finance it to the tune of €160 million. Under the restructuring plan, deposits with the Belgian branch of Kaupthing Luxembourg were sold to...

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