Press Release: State aid: Commission approves ING’s restructuring plan from 2009 anew and opens an in-depth investigation on later amendments to the plan

The Commission has approved ING's restructuring aid as compatible with the internal market. The approval is based on a restructuring plan submitted in 2009. The Commission needed to adopt this new decision in order to provide legal clarity following the partial annulment by the General Court of its original decision of November 2009.

Since that time, the Dutch State and ING also notified to the Commission amendments to the plan. The Commission has opened an in-depth investigation concerning these changes. Both decisions provide a framework for taking forward the outstanding issues in this case with a view to adopting a final decision on the restructuring of ING. In parallel, the Commission has appealed the General Court's judgement before the Court of Justice of the European Union.

• Primary Source

European Commission: Memo/12/321: State aid: Commission appeals General Court ruling and takes two new decisions on the ING restructuring plan – frequently asked questions http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/321&format=HTML&aged=0&language=EN&guiLanguage=en

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