(Corrects to specify share sale is by Hypo.)
Dec. 20 (Bloomberg) -- The European Commission approved the sale of a stake in Raiffeisen Zentralbank Oesterreich AG by Hypo Niederoesterreich to several private buyers, according to a statement on the Brussels-based regulator’s website today.
The transaction doesn’t break state aid rules because “there is no indication that the sale was carried out below market value,” the commission said.
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