EU May Probe Bavarian Savings Banks Over Aid, Handelsblatt Says

The European Commission may open a state-aid investigation of regional savings banks in Bavaria, Handelsblatt reported without attribution.

The newspaper said the German savings banks may be required to make a retroactive contribution to the state-funded bailout of BayernLB.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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