| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/12/1067 (04.10.12) |
| Publication Date | 04/10/2012 |
| Content Type | News |
|
The European Commission has concluded that a planned capital injection of €220 million for the Austrian bank Hypo Tirol Bank AG was in line with EU state aid rules. In particular, the Commission found that the bank's restructuring plan ensures the bank's viability without state support and provides for a sufficient own contribution to the restructuring costs while minimising distortions of competition. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/1067&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Countries / Regions | Austria, Europe |
