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Global Trade Alert

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Ireland: Rescue recapitalisation in favour of Irish Life & Permanent Group Holdings PLC

Description

On 6 July 2011, the Irish authorities notified a recapitalization measure of up to EUR 3.8 billion for IL&P. IL&P Group is the parent company of Ireland's third-largest remaining bank, Perm...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Jul 2011

Revocation date

08 Apr 2015

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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