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Wed 04 Apr 2009EU probing state aid for Fortis unit
The Dutch government's nationalisation of Fortis' Dutch banking unit and its recently acquired ABN AMRO operation may have breached European Union state aid rules, EU antitrust regulators said today.
Competition Commissioner Neelie Kroes announced an in-depth investigation, saying: "At this stage, the Commission has reason to believe that the measures may not be in line with its communications on state aid to banks during the crisis."
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