Global Trade Alert
Global Trade Alert

Ireland: Final approval of the rescue support to Irish Life & Permanent Group Holdings PLC

Announcement

09 Apr 2015

In April 2015, the European Commission approved the restructuring and rescue support to Irish Life and Permanent Group Holdings plc (PTSB). This measure replaces the preliminary recapitalisation measure adopted in July 2011 (see related state act).

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

09 Apr 2015

Revocation date:

No revocation date

Updated: 09 Apr 2015
Capital injection and equity stakes (including bailouts) In force

On 9 April 2015, the European Commission granted the final approval of the Irish rescue and restructuring scheme in favour of Irish Life & Permanent Group Holdings (known as PTSB). In...

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