OpenLegislation

Article 1

United Kingdom

Original text. Later amendments are not shown.

The restructuring aid provided to NLB by the Republic of Slovenia, consisting of the first recapitalisation of EUR 250 million, the second recapitalisation of EUR 382,9 million, the third recapitalisation of EUR 1 558 million and the transfer of impaired assets to the BAMC with an aid element of EUR 130 million, constitutes State aid within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union.

The restructuring aid is compatible with the internal market, in light of the Restructuring Plan and the commitments set out in the Annex.