The EU Court of Justice decides that the measures adopted by a consortium of Italian banks to support one of its members do not constitute State aid (Banca Popolare di Bari)

The Court of Justice dismisses the appeal brought by the Commission against the judgment of the General Court concerning the measures adopted by a consortium of Italian banks to support one of its members* The General Court rightly found that those measures do not constitute State aid because they are not imputable to the Italian State In 2013, Banca Popolare di Bari SCpA (BPB), an Italian bank, expressed its interest in subscribing to a capital increase in Banca Tercas (Tercas), another Italian private equity bank, which had been placed under special administration following irregularities identified by Banca d’Italia, the Italian supervisory authority of the banking sector. This expression of interest by BPB was, however, made subject to the condition that the negative equity of

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European Court of Justice, The EU Court of Justice decides that the measures adopted by a consortium of Italian banks to support one of its members do not constitute State aid (Banca Popolare di Bari), 2 March 2021, e-Competitions February 2021, Art. N° 99483

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