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Bank recapitalisation does not constitute aid

  • Nabarro LLP
  • -
  • Austria, European Union
  • -
  • August 6 2009

An encouraging example that banks may be able to raise funds from private investors without needing State aid has been provided in relation to Austrian regional bank Landes-Hypothekenbank Steiermark Aktiengesellschaft (‘Hypo Steiermark’