{
  "url": "https://openlegislation.uk/eu-decision-2010-396/annex/division-2/division-5/division-xxiv",
  "json_url": "https://openlegislation.uk/eu-decision-2010-396/annex/division-2/division-5/division-xxiv.json",
  "legislation": "eudn/2010/396",
  "legislation_title": "Commission Decision of 18 November 2009 on the State aid C 18/09 (ex N 360/09) implemented by Belgium for KBC (notified under document C(2009) 8980) (Only the English text is authentic) (Text with EEA relevance) (2010/396/EC)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2010-396",
  "path": "annex/division/2/division/5/division/xxiv",
  "kind": "division",
  "number": "(xxiv)",
  "heading": null,
  "text": "Furthermore, the Belgian authorities commit that KBC shall make the necessary arrangements to ensure clear identification of the Centea and Fidea businesses and start to prepare their separation from businesses that are integrated in KBC into distinct and separately saleable entities immediately after the Commission’s Decision. Without prejudice to the value preservation commitments as set out in points (xix) to (xxi), Centea and Fidea will be managed as distinct and saleable entities from the date of the Commission’s Decision. To ensure that all management decisions between the date of this Decision and the implementation of the divestment are in the best interests of Centea and Fidea with a view to ensuring their continued economic viability, marketability and competitiveness, KBC shall appoint a hold separate manager for each of these businesses and shall ensure that the hold separate manager operates independently. That hold separate manager can be the current CEO of those businesses. The hold separate manager will manage these divestment businesses (Centea and Fidea) in their best interest, in common consultation with KBC, as monitored by the Monitoring Trustee.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Hold separate manager is the person appointed to manage the day-to-day business of the Divestment Business as monitored by the monitoring trustee."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2010/396/annex/division/2/division/5/division/xxiv",
    "retrieved_at": "2026-11-01T15:16:04.602874+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}