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EUROPOLITICS / Competition

State aid

Recapitalisation of Caixa Geral de Depósitos temporarily cleared

By Sophie Mosca | Wednesday 18 July 2012

The European Commission temporarily approved, on 18 July, an injection of €1,650 million of core tier one capital in Caixa Geral de Depósitos S.A. (CGD), Portugal’s largest banking group, “for reasons of financial stability”. The executive...


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