Dexia Bank to Give Restructuring Plan to EU April 17, Soir Says
Dexia Bank Belgium SA, the former Dexia SA (DEXB) unit now owned by the Belgian government, plans to submit its restructuring plan to European Union regulators next week, Le Soir reported, without saying where it got the information.
Dexia, which is changing its name to Belfius, will hand the plan to the European Commission on April 17, Le Soir said. It didn’t give any details of the restructuring measures. The EU must approve the plan to authorize Belgium’s bailout of the bank.
To contact the reporter on this story: Aoife White in Brussels at firstname.lastname@example.org
To contact the editor responsible for this story: Anthony Aarons at email@example.com