France and Belgium they reached an agreement in the night for recapitalize Dexia with 5,5 billion euros, the bank that the two states were forced to bail out a year ago. This was announced in a press release by the Belgian Finance Minister, Steven Vanackere. %”, equal to approximately 5,5 billion euro. The other 53 billion will be paid by Paris.
The two governments will receive in return preference shares with voting rights, in order to secure any future profits of the bank.
Dexia had already received state funds for 6,4 billion euros in 2008. In the meantime, the Bank also presented its accounts for the first nine months of the year, closed with a net loss of 2,391 billion euros.
