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Dexia BIL’s sale to private investor and Luxembourg probed for possible state aid

By  |  April 3, 2012

The European Commission has opened an in-depth investigation into the sale of Dexia BIL. Ninety percent of Dexia’s retail and private banking business had been sold to a private investor. Luxembourg acquired the remaining 10 percent. The sale was notified to the Commission on March 23, 2012.

The Commission seeks to determine that the sale was conducted according to market terms, without state aid. Concerns center around the exclusive negotiations with a sole private investor and the need for more information on the valuation of the carved-out businesses from the deal.

Full content: EC Press Release

 

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