# Commission Decision of 18 July 2011 on State aid C 15/09 (ex N 196/09), which Germany implemented and is planning to implement for Hypo Real Estate (notified under document C(2011) 5157) (Only the German text is authentic) (Text with EEA relevance) (2012/118/EU), Division (vi)

Extent: E+W+S+N.I.

The new business of the PBB sub-group will encompass all newly concluded nominal volumes (without prolongation or restructuring) in interest-bearing assets in the strategic business lines of real estate finance and public investment finance. Syndications, which must normally be effected/transferred within six months, can only be initiated with the part which remains the property of PBB.

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Source: https://www.legislation.gov.uk/eudn/2012/118/annex/division/4/division/vi (the official version)
Page: https://openlegislation.uk/eu-decision-2012-118/annex/division-4/division-vi
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.