Global Trade Alert
Global Trade Alert

Luxembourg: Restructuring aid for Kaupthing Bank Luxembourg S.A.

Announcement

10 Jun 2009

In June 2009, the government of Luxembourg announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

10 Jul 2009

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 10 June 2009, the Luxembourg authorities notified the Commission of the set-up of a loan of EUR 320 million to Kaupthing Bank Luxembourg SA. The Belgian State is financing half of the loan through ...

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