Press Release: State aid: Commission clears amended restructuring plan of Banco CEISS after integration with Unicaja

On 12 March 2014, the European Commission concluded that an amendment to Banco CEISS' restructuring plan, following its recent acquisition by Unicaja Banco, was in line with EU state aid rules. In particular, the Commission found that the integration into Unicaja Banco, a Spanish retail bank that received no state aid during the financial crisis, will ensure that Banco CEISS becomes a viable retail banking business in the long term.

• Primary Source

ESO: Background information: State aid: Commission clears new restructuring plan of Banco CEISS in view of its possible acquisition by Unicaja http://www.europeansources.info/record/press-release-state-aid-commission-clears-new-restructuring-plan-of-banco-ceiss-in-view-of-its-possible-acquisition-by-unicaja/

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