The EU Commission approves a Slovenian aid in the banking sector (Nova Ljubljanska Banka)

Commission, European

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10 Aug 2018

The EU Commission approves a Slovenian aid in the banking sector (Nova Ljubljanska Banka)

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Reference

EU Commission (Brussels), Nova Ljubljanska Banka, Case SA.33229, Press Release, 10 August 2018

State aid: Commission approves new Slovenian commitment package for Nova Ljubljanska Banka* The European Commission has concluded that Slovenia's aid for Nova Ljubljanska Banka (NLB) remains compatible with EU State aid rules on the basis of a new commitment package submitted by the Slovenian authorities on 13 July 2018. Slovenia has firmly committed to an ambitious time schedule for NLB's sale with a first sale tranche of at least 50% plus one share by the end of 2018. Slovenia prolonged key commitments and also offered new commitments to compensate for the delayed sale and restructuring process of NLB. Commissioner Margrethe Vestager, in charge of competition policy, said: "The sale of NLB was an important remaining milestone of NLB's restructuring plan, which allowed us to

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European Commission
European Commission - DG COMP (Brussels)

Belgium 1265 contributions 2615834 visits

Quotation

European Commission, The EU Commission approves a Slovenian aid in the banking sector (Nova Ljubljanska Banka), 10 August 2018, e-Competitions August 2018, Art. N° 87771

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