Press Release: State aid: European Commission approves aid for restructuring of Spanish saving bank CajaSur and the sale of its banking activities

The European Commission has authorised, under EU state aid rules, Spanish aid for the restructuring of CajaSur, a saving bank, and the sale of its banking activities. The Commission considers that the restructuring plan adequately addresses the problems that led to the bail-out of the bank in May 2010, whilst avoiding undue distortions of competition.