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EC Statement: State aid - Commission temporarily approves rescue aid for Irish Life & Permanent Group Holdings

( July 20, 2011, 09:45 GMT | Official Statement) -- MLex Summary: The European Commission has temporarily approved plans by Ireland to increase the capital of Life & Permanent Group Holdings by 3.8 billion euros to bolster it against potential financial stress. A final decision on the aid package will be taken once Irish authorities have provided a new restructuring plan, due for submission by the end of July.Full statement follows. State aid: Commission temporarily approves rescue aid for Irish Life & Permanent Group Holdings...

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