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Eurobank's Grivalia deal in line with state-aid commitments, EU says

( February 7, 2019, 12:31 GMT | Official Statement) -- MLex Summary: Eurobank's transaction with its former real-estate subsidiary Grivalia is in line with the bank's commitments under EU rules on government aid, the European Commission today said. In 2015, the EU's competition watchdog cleared changes to restructuring plans for four systemic Greek banks, including Eurobank. Under the commitments, Eurobank agreed to not acquire influence in any subsidiary it divested without prior approval from Brussels. However, today's approval is without prejudice to the merger-control assessment which may still be carried out by the competent competition authorities, the commission clarified.Statement follows. ...

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