Press Release: State aid: Commission temporarily approves recapitalisation of Caixa Geral de Depósitos

The European Commission has temporarily approved, under EU State aid rules, an injection of € 1 650 million of core Tier 1 capital into Caixa Geral de Depósitos S.A. (CGD) for reasons of financial stability. Portugal committed to provide a restructuring plan for CGD within six months of the injection. The Commission will take a final decision on the compatibility of the capital injection with EU state aid rules when assessing the restructuring plan.

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