Press Release: State aid: Commission authorises a further EUR 2.45 billion capital injection for Caisse d’Épargne and Banque Populaire

The European Commission authorised, under the EC Treaty rules on state aid, a further EUR 2.45 billion capital injection into the institution to be created by the merger between the Caisse d’Épargne and Banque Populaire groups. This French Government aid comes on top of that already granted to the Caisse d’Épargne and Banque Populaire groups under the French scheme to inject capital into credit institutions which the Commission approved on 8 December 2008, 28 January 2009 and 24 March 2009. The aid is in line with the Commission’s guidance on support measures for banks during the crisis