Europe approves SNS Reaal spin-off before end of year

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incorporated in England and Wales (company number 15236213),

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Europe approves SNS Reaal spin-off before end of year

SNS Reaal, the financial institution that put bail-in on the map in February when the Dutch government seized its subordinated debt as part of its rescue plan, is to spin off its property finance business to the Dutch state before the end of the year, after the European Commission made its final decision on the lender's state aid package this week.

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