Belgium to buy Dexia's consumer unit for $5.4b
China Daily | Updated: 2011-10-11 07:57
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Dexia SA's bailout comes three months after it passed stress tests. Belgium, France and Luxembourg will guarantee as much as 90 billion euros of interbank and bond funding for 10 years for Dexia and its Dexia Credit Local unit. Jock Fistick / Bloomberg |
BRUSSELS - Belgium agreed to buy the local consumer-lending unit of Dexia SA, ending a 15-year cross-border experiment with France after the European debt crisis deepened.
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