Dexia Insurance Sale Gets OK Amid Restructuring Deal

Law360, New York (February 9, 2010, 1:48 PM EST) -- European Union competition regulators signed off on Dexia SA's sale of its specialized, high-end life insurance business to a unit of French banking giant BNP Paribas SA on Tuesday, less than a week after the troubled financial group reached a deal to resolve the EU's probe into its long-term restructuring plan.

The sale of Dexia Epargne Pension SA to BNP Paribas Assurance does not run afoul of the EU's competition laws, the European Commission said. DEP is the third-largest life insurance partner for French banks,...
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