| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/12/699 (27.6.12) |
| Publication Date | 27/06/2012 |
| Content Type | News |
|
The European Commission has temporarily approved, under EU State aid rules, a conversion of existing state owned preference shares of €4,465 billion into equity and a liquidity guarantee amounting to €19 billion in favour of the Spanish BFA group and its subsidiary Bankia. Spain has committed to provide a restructuring plan for BFA and Bankia within six months. The approved aid does not include announced capital injections sought by BFA and which are currently under assessment by the Spanish authorities. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/699&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Countries / Regions | Spain |
