Authorisation for State aid pursuant to Articles 87 and 88 of the EC Treaty — Cases where the Commission raises no objections (Text with EEA relevance )
Date: 2009-04-03
Institutions: European Commission
Subjects: Belgium, Luxembourg, Netherlands, State aid, company in difficulties, control of State aid, economic recession, exchange of information








C_2009080EN.01000701.xml










3.4.2009   


EN


Official Journal of the European Union


C 80/7





Authorisation for State aid pursuant to Articles 87 and 88 of the EC Treaty
Cases where the Commission raises no objections
(Text with EEA relevance)
2009/C 80/03






Date of adoption of the decision


3.12.2008




Reference number of the aid


NN 42/08




Member State


Belgium




Region


—




Title (and/or name of the beneficiary)


Aide à la restructuration en faveur de Fortis Banque et Fortis Banque Luxembourg - Herstructureringssteun ten behoeve van Fortis Bank en Fortis Banque Luxembourg




Legal basis


Ad-hoc




Type of measure


Individual aid




Objective


Aid to remedy serious disturbances in the economy, Restructuring of firms in difficulty




Form of aid


Other forms of equity intervention
Soft loan




Budget


Overall budget: EUR 65 000 million




Intensity


—




Duration (period)


29.9.2008 - 10.10.2008




Economic sectors


Financial intermediation




Name and address of the granting authority







Etat Belge - Belgische Staat




Son Excellence Monsieur Karel DE GUCHT




Ministre des Affaires étrangères




Rue des Petits Carmes, 15




B - 1000 Bruxelles








Other information


—




The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:
http://ec.europa.eu/community_law/state_aids/index.htm






Date of adoption of the decision


3.12.2008




Reference number of the aid


NN 46/08




Member State


Luxembourg




Region


—




Title (and/or name of the beneficiary)


Aide à la restructuration en faveur de Fortis Banque et Fortis Banque Luxembourg




Legal basis


Ad-hoc sur le budget de l'Etat – Agreement for a mandatory convertible loan facility between the State of the Grand-Duchy of Luxembourg and Fortis Banque Luxembourg S.A.




Type of measure


Individual aid




Objective


Aid to remedy serious disturbances in the economy, Restructuring of firms in difficulty




Form of aid


Other forms of equity intervention




Budget


Overall budget: EUR 2 500 million




Intensity


—




Duration (period)


29.9.2008 - 17.11.2008




Economic sectors


Financial intermediation




Name and address of the granting authority







Etat du Grand Duché du Luxembourg




Son Excellence Monsieur Jean ASSELBORN




Ministre des Affaires étrangères




Rue Notre-Dame 5




L - 2911 Luxembourg








Other information


—




The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:
http://ec.europa.eu/community_law/state_aids/index.htm






Date of adoption of the decision


3.12.2008




Reference number of the aid


NN 53/A/08




Member State


Netherlands




Region


—




Title (and/or name of the beneficiary)


Herstructureringssteun ten behoeve van Fortis Bank en Fortis Banque Luxembourg




Legal basis


Ad-hoc




Type of measure


Individual aid




Objective


Aid to remedy serious disturbances in the economy, Restructuring of firms in difficulty




Form of aid


Other forms of equity intervention
Soft loan




Budget


Overall budget: EUR 62 800 million




Intensity


—




Duration (period)


3.10.2008




Economic sectors


Financial intermediation




Name and address of the granting authority







Nederlandse Staat




Zijne Excellentie de Heer Maxime VERHAGEN




Minister van Buitenlandse Zaken




Bezuidenhoutseweg 67




NL - 2500 EB Den Haag




NEDERLAND








Other information


—




The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:
http://ec.europa.eu/community_law/state_aids/index.htm