Press Release: State aid: Commission approves restructuring plan of Hypo Real Estate and clears the aid

The European Commission has approved under EU state aid rules restructuring aid consisting of capital injections of €10 billion, an asset relief measure with an aid element of about € 20 billion, as well as liquidity guarantees amounting to €145 billion for the banking group Hypo Real Estate.

• Primary Source

ESO: Background Information: Press Release: State aid: European Commission temporarily authorises additional state support for Hypo Real Estate and extends scope of ongoing investigation http://www.europeansources.info/record/press-release-state-aid-european-commission-temporarily-authorises-additional-state-support-for-hypo-real-estate-and-extends-scope-of-ongoing-investigation/

BBC News, 18.07.11: Hypo Real Estate aid cleared by European Commission http://www.bbc.co.uk/news/business-14191260

European Commission: Speech/11/528: Joaquin Almunia: Presentation of Commission decision on HRE and State of Play on other three Landesbanken http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/11/528&format=HTML&aged=0&language=EN&guiLanguage=en

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