Belgium is acquiring Dexia’s Belgian retail unit, Bloomberg reports. The country will pay a total of €4 billion for the acquisition and will cover nearly 60 percent of a €90 billion guarantee for the bank.
Dexia will receive the financing from Belgium, France and Luxembourg for 10 years on financings, bonds and securities. Of the total guarantee, 65.5 percent will be provided by Belgium, 36.5 percent by France and remaining 3 percent by Luxemburg.
Click here for the story from Bloomberg.