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EC Statement: Answer by Joaquín Almunia to MEP question on sale of industrial shares to a state body by a bailed-out bank

( October 10, 2013, 14:07 GMT | Official Statement) -- MLex Summary: EU competition chief Joaquín Almunia said that the European Commission is following the restructuring process of BFA-Bankia as part of its normal monitoring procedure, including the sale of industrial shares. No ad hoc investigation regarding the sale is expected so far, he added. Also, the regulator has no indication that the sale didn't take place under commercial terms.The answer and question follow:...

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