{
  "url": "https://openlegislation.uk/eu-decision-2012-660/article-1",
  "json_url": "https://openlegislation.uk/eu-decision-2012-660/article-1.json",
  "legislation": "eudn/2012/660",
  "legislation_title": "Commission Decision of 27 March 2012 on the measures SA. 26909 (2011/C) implemented by Portugal for the restructuring of Banco Português de Negócios (BPN) (notified under document C(2012) 2043) (Only the Portuguese version is authentic) (Text with EEA relevance) (2012/660/EU)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2012-660",
  "path": "article/1",
  "kind": "article",
  "number": "1",
  "heading": null,
  "text": "1. The following measures granted by Portugal constitute state aid:\ni.. Loans granted by CGD before nationalisation;\nii.. Loans and liquidity lines granted by CGD to BPN after nationalisation and before the sale, with or without an explicit state guarantee;\niii.. Transfer of assets from BPN to the SPVs at book value before and after the sale;\niv.. Capital injection by the State of 15 February 2012;\nv.. Liquidity lines to be granted by CGD requested by BIC for the combined entity;\nvi.. Right for BIC to transfer deposits with a pricing above […] bps to the State, or to have the State remunerate the difference; and\nvii.. Transfer to the State of costs linked to litigation.\n2. The aid measures set out in paragraph 1 are compatible with the internal market in light of the commitments set out in Section 5.2.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2012/660/article/1",
    "retrieved_at": "2026-11-01T15:15:19.631122+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."
}