| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/12/805 (18.7.12) |
| Publication Date | 18/07/2012 |
| Content Type | News |
|
The European Commission has temporarily approved, under EU State aid rules, an injection of € 1 650 million of core Tier 1 capital into Caixa Geral de Depósitos S.A. (CGD) for reasons of financial stability. Portugal committed to provide a restructuring plan for CGD within six months of the injection. The Commission will take a final decision on the compatibility of the capital injection with EU state aid rules when assessing the restructuring plan. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/805&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Countries / Regions | Europe, Portugal |
