Global Trade Alert
Global Trade Alert

Belgium & Luxembourg: Restructuring aid for Kaupthing Bank Luxembourg

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

Implementation date

10 Jun 2009

Revocation date:

No revocation date

Updated: 10 Jun 2009
State loan In force
On 10 June 2009 Luxembourg notified the European Commission regarding their intention to provide a loan of EUR 320 million to Kaupthing Bank Luxembourg SA. Half of the loan is financed by the Belgia...
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