The EU Commission approves State aid measures concerning the recapitalization of a UK bank (Royal Bank of Scotland)

"State aid: main developments between 1 September and 31 December 2009"* Under a package of financial support measures approved by the Commission on 13 October 2008, RBS received state recapitalisation of £ 20 billion (€ 22 billion), giving the state a 70 % stake in the bank. Approval of this recapitalisation was conditional on submission of a restructuring plan. This was submitted to the Commission on 2 June 2009 and contained additional

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Koen Van de Casteele, The EU Commission approves State aid measures concerning the recapitalization of a UK bank (Royal Bank of Scotland), 14 December 2009, e-Competitions December 2009, Art. N° 37542

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