Deals
Dexia Sale of Luxembourg BIL Unit Approved by EU Regulators
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Dexia SA’s sale of its Banque Internationale a Luxembourg unit won European Union approval after antitrust regulators said the deal didn’t create any competition issues.
The sale of the Luxembourg unit of Dexia “didn’t lead to any economic advantage financed through state aid, either for Dexia BIL or for Dexia group,” the European Commission in Brussels said in a statement today. “The sale doesn’t constitute state aid.”