Press Release: State aid: Commission temporarily approves aid for Austrian Hypo Alpe Adria Group

Author (Corporate)
Series Title
Series Details IP/11/636 (24.5.11)
Publication Date 24/05/2011
Content Type

The European Commission has decided, under EU State aid rules, to temporarily approve an already implemented additional state aid of €200 million to Austria'sHypo Alpe Adria Group (HGAA). At the same time, the Commission has extended its in-depth investigation into the bank's restructuring plan, so as to include the additional aid in its assessment.
Source Link Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/636&format=HTML&aged=0&language=EN&guiLanguage=en
Related Links
ESO: Background information: Mergers: European Commission approves acquisition of Hypo Group Alpe Adria by the Republic of Austria http://www.europeansources.info/record/press-release-mergers-european-commission-approves-acquisition-of-hypo-group-alpe-adria-by-the-republic-of-austria/
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