Wednesday, August 24, 2016

UPDATE 2-EU, Portugal agree on 5 bln euro recapitalisation for ailing bank CGD

LISBON/BRUSSELS, Aug 24 (Reuters) - The European Commission

and Portugal have agreed in principle on the recapitalisation,

on market terms, of ailing state-owned bank CGD, envisaging an

injection of up to 2.7 billion euros ($3 billion) in state funds

and nearly as much in debt and equity.

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