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The European Commission (EC) approved in December 2012 the orderly resolution plan of Dexia which aims at winding down the group in an orderly manner, without threatening financial markets stability and causing considerable value destruction for various stakeholders. The resolution plan includes a EUR5.5bn capital injection realised in December 2012 from France and Belgium which has resulted in the states now owning respectively 44% and 50% of the group's capital; it also contains a several but not joint funding guarantee from the states of Belgium, France and Luxembourg (AAA/Stable), capped at EUR85bn. The group is being wound down and is not active commercially anymore.
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