EU, Portugal agree on 5 billion euro recapitalization for ailing bank CGD

LISBON/BRUSSELS (Reuters) - The European Commission and Portugal have agreed in principle on the recapitalization, on market terms, of ailing state-owned bank CGD, envisaging an injection of up to 2.7 billion euros ($3 billion) in state funds and nearly as much in debt and equity.

EU, Portugal agree on 5 billion euro recapitalization for ailing bank CGD
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