Press Release: State aid: Commission approves Catalunya Banc’s revised restructuring plan following its sale to BBVA

The European Commission concluded on the 17 December 2014 that the sale of the Spanish bank Catalunya Banc to BBVA and the proposed amendments to its original restructuring plan were in line with EU state aid rules. The sale and the amendments ensured the bank's long-term viability as part of BBVA. At the same time competition distortions in the Single Market were mitigated and no additional state aid to Catalunya Banc or the buyer was granted.

ESO: Background information: State aid: Commission approves restructuring plans of Spanish banks BFA/Bankia, NCG Banco, Catalunya Banc and Banco de Valencia http://www.europeansources.info/record/press-release-state-aid-commission-approves-restructuring-plans-of-spanish-banks-bfa-bankia-ncg-banco-catalunya-banc-and-banco-de-valencia/

ESO: Background information: State aid: Commission presents guidelines on restructuring aid to banks http://www.europeansources.info/record/press-release-state-aid-commission-presents-guidelines-on-restructuring-aid-to-banks/

European Commission: Competition: State Aid: Cases http://ec.europa.eu/competition/state_aid/register/

European Commission: DG Competition http://ec.europa.eu/competition/index_en.html

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