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Image header Agence Europe
Europe Daily Bulletin No. 7646
Contents Publication in full By article 25 / 51
ECONOMIC INTERPENETRATION / (eu) banks

The French bank SG - SOCIETE GENERALE and Spanish bank BSCH (profits EUR 1.5 billion in 1999, up 26.1%) have announced a vast cooperation plan with: i) the creation of joint ventures in five branches, namely asset management, specialised financial services, investment banking, retail banking and brokerage and investment. The joint ventures formed in the context of these agreements will be held equally by the two groups: ii) cross shareholding, SOCIETE GENERALE holding 3% of BSCH capital, and...

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION