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Europe Daily Bulletin No. 7659

19 February 2000
Contents Publication in full By article 33 / 38
ECONOMIC INTERPENETRATION / (eu) internet

In Germany, COMDIRECT, the Internet direct banking subsidiary of COMMERZBANK, and T-ONLINE, the Internet access subsidiary of DEUTSCHE TELEKOM, have announced the launch of a joint Internet financial services portal. Under the agreement, T-ONLINE INTERNATIONAL will acquire a 25% stake in COMDIRECT, which in exchange will be given "an equaivalent share in absolute value" in T-ONLINE, "probably less than 5%". According to analysts, T-ONLINE's stock market value is between EUR 15 and 20 billion...

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THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION