# 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 (i)

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

If and in so far as the sale of individual assets of HPFB, HPBI, ACS or DEPFA plc does not represent the more cost-effective form of active run-down (paragraph 5.3), Germany will ensure that HRE effects the reprivatisation of HPFB, HPBI, ACS or DEPFA plc as a sub-group without delay, but by 31 December 2014 at the latest, in accordance with the terms and conditions of sale as set out in paragraph 11. At the same time, Germany will ensure that the necessary sales procedures are introduced sufficiently promptly so as to enable reprivatisation of HPFB, HPBI, ACS or DEPFA plc as a sub-group to be effected by 31 December 2014.

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Source: https://www.legislation.gov.uk/eudn/2012/118/annex/division/5/division/5.2/division/i (the official version)
Page: https://openlegislation.uk/eu-decision-2012-118/annex/division-5/division-5.2/division-i
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.