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Dexia BIL’s sale to private investor and Luxembourg probed for possible state aid

By  |  April 3, 2012

The European Commission has opened an in-depth investigation into the sale of Dexia BIL. Ninety percent of Dexia’s retail and private banking business had been sold to a private investor. Luxembourg acquired the remaining 10 percent. The sale was notified to the Commission on March 23, 2012.

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    The Commission seeks to determine that the sale was conducted according to market terms, without state aid. Concerns center around the exclusive negotiations with a sole private investor and the need for more information on the valuation of the carved-out businesses from the deal.

    Full content: EC Press Release

     

    Related content: Stability and Competition in EU Banking During the Financial Crisis: The Role of State Aid Control (Gert-Jan Koopman, DG Comp)