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Global Trade Alert

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Germany: Recapitalisation of bank “Nord/LB”

Description

On 25 May 2011, the state of 'Niedersachsen' approved a capital injection of EUR 600 million (later reduced to EUR 500 million) into the bank Nord/LB. The beneficiary is a major commercial bank with...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

25 May 2011

Revocation date

23 Jun 2012

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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