Press Release: State aid: European Commission carries out in-depth review of restructuring of Irish building society EBS

The European Commission has opened, under EU state aid rules, an in-depth investigation into the proposed restructuring of Educational Building Society (EBS), Ireland's biggest building society which benefitted from state support in various forms. At this stage, the Commission has doubts whether the distortions of competition caused by the aid are sufficiently addressed in the restructuring plan. The opening of an in-depth investigation gives third parties the possibility to comment and does not prejudge the final outcome.

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