# Commission Decision (EU) 2017/1959 of 18 July 2017 on the State aid SA.34720 — 2015/C (ex 2013/N) implemented by Denmark Aid for the restructuring of Vestjysk Bank (notified under document C(2017) 4990) (Only the English text is authentic) (Text with EEA relevance), Division 5.1: Ban on acquisitions: Vestjysk shall not acquire any stake in any undertaking, be it an asset or share transfer. That ban on acquisitions covers both undertakings which have the legal form of a company and any package of assets which forms a business.

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

(i) Exemption: Vestjysk may acquire stakes in undertakings provided that:
(a) The purchase price paid by Vestjysk for any acquisition is less than 0,01 % of the balance sheet size of Vestjysk at the Effective Date; and
(b) The cumulative purchase prices paid by Vestjysk for all such acquisitions starting with the Effective Date until the end of the Restructuring Period, is less than 0,025 % of the balance sheet size of Vestjysk at the Effective Date.
(c) The acquisition directly follows from previously existing (before this Decision) contractual obligations assumed with third parties or regulatory related obligations, or is required by a final and mandatory decision taken by a public authority on Vestjysk
(ii) Activities not falling under the acquisition ban: The acquisition ban shall not cover acquisitions (i) that take place in the ordinary course of the banking business in the management of existing claims towards ailing firms, including the conversion of existing debt to equity instruments, or (ii) as part of ordinary treasury activities.

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Source: https://www.legislation.gov.uk/eudn/2017/1959/annex/division/5/division/5.1 (the official version)
Page: https://openlegislation.uk/eu-decision-2017-1959/annex/division-5/division-5.1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.