2010/395/: Commission Decision of 15 December 2009 on State aid C 17/09 (ex N 265/09) by Germany for the restructuring of Landesbank Baden-Württemberg (notified under document C(2009) 9955) Text with EEA relevance

CELEX: 32010D0395
Document type: DEC
Sector: Legislation
Date of document: 2009-12-15
In force since: 2010-07-21
Status: In force
ELI: http://data.europa.eu/eli/dec/2010/395/oj

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Article 1

The asset relief measure by the State of Baden-Württemberg in favour of the Landesbank Baden-Württemberg for two portfolios of impaired structured securities represents state aid within the meaning of Article 107(1) TFEU. The aid is compatible with the internal market.

Article 2

The restructuring aid which was granted to the Landesbank Baden-Württemberg by its state shareholders represents aid within the meaning of Article 107(1) TFEU. The aid is compatible with the internal market on condition that the commitments in the annex to this Decision are complied with.

Article 3

This Decision is addressed to the Federal Republic of Germany.

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