Press Release: State aid: Commission temporarily approves Danish rescue aid to facilitate merger between Vestjysk Bank and Aarhus Lokalbank

The European Commission has authorised rescue measures to facilitate the merger of two Danish banks, Vestjysk Bank and Aarhus Lokalbank. The merger is intended in particular to address the funding challenges of the continuing bank, but also to improve its capital basis to meet the new capital requirements. The Commission therefore approved the measures for reasons of financial stability for a period of six months, or, if Denmark submits a restructuring plan within six months, until the Commission has adopted a final decision on this plan.