# 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), Article 1

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

1. The following measures granted by Portugal constitute state aid:
i.. Loans granted by CGD before nationalisation;
ii.. Loans and liquidity lines granted by CGD to BPN after nationalisation and before the sale, with or without an explicit state guarantee;
iii.. Transfer of assets from BPN to the SPVs at book value before and after the sale;
iv.. Capital injection by the State of 15 February 2012;
v.. Liquidity lines to be granted by CGD requested by BIC for the combined entity;
vi.. Right for BIC to transfer deposits with a pricing above […] bps to the State, or to have the State remunerate the difference; and
vii.. Transfer to the State of costs linked to litigation.
2. 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.

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Source: https://www.legislation.gov.uk/eudn/2012/660/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2012-660/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.