Dexia Stops Funding for Some French Customers, De Tijd Says
By Aoife White -
2012-07-09T06:14:11Z
Dexia SA (DEXB), the French-Belgian lender that’s being broken up, has stopped funding some 120 large customers in France, most of them local governments, De Tijd reported yesterday, citing customers and a company spokesman.
Dexia has told customers they no longer have drawing rights for existing lines of credit of up to 1.6 billion euros, De Tijd said. Benoit Gausseron, a spokesman for the company, said it can no longer provide new loans under restructuring overseen by the European Commission.
To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.
To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.
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