WestLB revamp talks face struggle to hit deadline

Article reports that the owners of WestLB and the German government were struggling to reach an agreement on the bank’s future before a deadline on the 15 February 2011 for them to present a restructuring plan to the EU.

ESO: Background information: Enforced break-up looms for WestLB http://www.europeansources.info/record/enforced-break-up-looms-for-westlb/

European Commission: Memo/11/90: Statement by Joaquín Almunia Competition Commissioner and Vice President of the Commission on WestLB http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/90&format=HTML&aged=0&language=EN&guiLanguage=en

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