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Europe Daily Bulletin No. 7637

20 January 2000
Contents Publication in full By article 23 / 48
ECONOMIC INTERPENETRATION / (eu) banks

Britain's SCHRODERS (total assets of GBP 13.6 billion in 1998 with 6,000 employees) has announced the sale, for GBP 1.35 billion, of its investment bank activities to the American business bank SALOMON SMITH BARNEY (CITIGROUP; net profits of USD 2.354 billion in 1999). Renamed SCHRODERS SALOMON SMITH BARNEY, CITIGROUP's European investment pole will be a leader in the sector. SCHRODERS, whose taxable profits for 1999 are estimated at around GBP 300 million, plans to concentrate on asset and...

Contents

THE DAY IN POLITICS
(EU) EP/PRESIDENCY: Gama says he will go as far as possible to involve Parliament in IGC, but promises no "miracles" - Patten announces proposals on human rights, election monitoring and EU aid - Euro-MPs demand broader IGC agenda
(EU) EP/MIDDLE EAST: Gama reports on visit to region - Patten's declaration
GENERAL NEWS
(EU) EU/EMPLOYMENT/REFORMS: Portuguese document for Lisbon Summit considers 3% average growth rate for EU as a whole is needed for next decade to allow necessary reform
(EU) EU/AFRICA: Summit could take place in June, thanks to the withdrawal of the Saharan Republic
(EU) EU/LIBYA: EU calls for further details on acceptance of the Euro-Mediterranean acquis
(EU) EU/COMMISSION/REFORM: Vice-President Kinnock presents strategy for reform by opening consultation with internal unions and other Institutions
(EU) EU/EIB: EIB rejects accusations of fraud and irregularities levelled by one of its former employees
(EU) EU/REGIONAL: European Commission and EIB to collaborate in examining projects funded by Erdf and by pre-accession instrument
(EU) EU/FISHERIES:
(EU) EP/OIL SLICK: Mrs de Palacio confirms March "communication" will mainly clarify question of responsibility - Shipowners blamed - Will "Rina" be struck off list of classification societies approved by Commission? - MEPs almost unanimous
(EU) EP/FRAUD: Parliament calls for the forthcoming IGC to introduce a European Prosecutor, responsible for offences that harm the EU's financial interests
(EU) EP/BUDGET: Parliament discharges Commission for 1997 budget, with a list of demands
(EU) EP/FOOD SAFETY: Byrne reiterates that the future food safety authority will have to be "visible" but not encroach upon Parliament's competences
(EU) EP/TRANSPORT: Adoption of Koch reports on transport of hazardous goods and training of safety advisers
(EU) EP/NATURAL DISASTERS: Describing the Commission's intentions and possibilities for action after storms in France, Germany and Austria, Barnier takes stance in favour of creating "European civil protection force"
(EU) EP/COMMISSION/REFORM:
(EU) EU/STATE AID: Decisions in the shipbuilding sector concerning Spain, Germany and the Netherlands
(EU) EU/STATE AID: Linde AG must refund part of the German subsidy paid in context of privatisation of Leuna Werke
(EU) EU/COMPETITION: Commission stipulates that first phase of examination of Vodafone's bid for Mannesmann will end 17 February, with possible initiation of four-month in-depth enquiry
(EU) EU/COMPETITION: Finnish firms Ahlström and CapMan are authorised to acquire control of the French company Folding Carton Partners
(EU) EU/COMPETITION: To secure authorisation for takeover of BOC, Air Liquide agrees to sell interests on European oxygen, nitrogen, helium and speciality gases markets
(EU) EU/COMPETITION: CGU to take over Hibernian (insurance)
ECONOMIC INTERPENETRATION
(EU) Banks:
(EU) Banks:
(EU) Banks:
(EU) Investment:
(EU) Energy:
(EU) Tourism:
(EU) Aluminium:
(EU) Publishing:
(EU) Publishing:
(EU) Retailing:
(EU) Health:
(EU) Chemicals:
(EU) Telecommunications:
(EU) Software:
(EU) Internet:
(EU) Computer technology:
(EU) Office equipment:
(EU) Distribution:
(EU) Media:
(EU) Electronics:
(EU) Banking:
(EU) Banking:
(EU) Agri-food:
(EU) Automotive:
(EU) Airlines:
VALUE OF THE EURO IN DIFFERENT CURRENCIES 19/01/2000: