Global Trade Alert
Global Trade Alert

Italy: Approves state aid to enable the sale of parts of two Italian banks' activities to Intesa

Announcement

25 Jun 2017

In June 2017, the Italian authorities issued decree 99 approving funds granted for the liquidation and following sale of some part of two banks in the Italian Veneto region, Italy.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

25 Jun 2017

Revocation date:

No revocation date

Updated: 25 Jun 2017
Loan guarantee In force

Additionally, a total value of EUR 12 billion (USD 13.43 billion) in state guarantees was approved on 25 June 2017 by the Italian authorities. These state guarantees are granted for the&n...

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Updated: 25 Jun 2017
Financial grant In force

On 25 June 2017, a cash injection consisting of a total value of EUR 4.785 billion (USD 5.36 billion) was approved by the Italian authorities. The cash injection is granted for the liquid...

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