Press Release: State aid: Commission approves amendments to restructuring plan of Belgian insurer Ethias

On 12 June 2014, the European Commission has found proposed amendments to the restructuring plan of the Belgian insurance company Ethias to be in line with EU state aid rules.

In particular, the Commission has agreed to the proposed prolongation by three years of the rundown of Ethias retail life insurance portfolio as well as the measures aimed at ensuring the profitability and low risk of its other activities.

The Commission considers that these amendments do not endanger the restoration of Ethias long term viability nor do they increase the risk of competition distortions in the Single Market.

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