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Europe Daily Bulletin No. 7726

27 May 2000
Contents Publication in full By article 41 / 42
ECONOMIC INTERPENETRATION / (eu) real estate

In France, SOPHIA has signed with SOCIETE GENERALE a "protocol of intent" whereby it will acquire all the bank's real estate. The operation includes several clauses: i) SOCIETE GENERALE will acquire a share in SOPHIA via a capital increase, becoming its second largest shareholder with 28% (behind AGF with 28.7%); ii) SOPHIA will sell to SOCIETE GENERALE 51% of its credit-leasing subsidiary SOPHIA BAIL (560 million in outstanding leases); iii) in exchange, SOCIETE GENERALE will hand over to...

Contents

THE DAY IN POLITICS
(EU) EU/MIDDLE EAST/MEDITERRANEAN: Gama, Solana and Patten meet Syrian Foreign Minister
(EU) EU/INSTITUTIONAL REFORM: German Länder repeat to Prodi that ratification of revised Treaty will be difficult if their powers are not preserved - Public services: it is not necessary to amend the Treaty
(EU) EP/PERU: Parliament cancels its election observer mission
(EU) EU/INSTITUTIONAL REFORM: french and Greek proposals on EU jurisdictional system
(EU) EU/INSTITUTIONAL REFORM: The House of Commons' European Scrutiny Committee in favour of an IGC with a limited agenda
GENERAL NEWS
(EU) EU/AGRICULTURE: Portuguese Presidency re-initiates debate on quality of European agricultural production - Multifunctionality, diversity, environmental protection and food quality
(EU) EU/RUSSIA: At Monday's summit, the EU will seek to gain better understanding of the economic reform plans and political priorities of Russia's new leaders
(EU) EU/ENLARGEMENT: Negotiations open with first six applicants on free movement of persons, justice and home affairs and budget
(EU) EP/DISCHARGE 1998:
(EU) EU/INTERNAL MARKET: Results of Thursday's Council session
(EU) EU/FOODSTUFFS: Common definition of honey is subject of policy agreement (with opposition from Spain)
(EU) EU/JUSTIC/HOME AFFAIRS: Council to ratify agreement finally reached on mutual legal assistance in field of criminality - Heavy agenda
(EU) EUROPOL/ITALY:
(EU) NOTRE EUROPE/INTERNATIONAL CRIME:
(EU) EU/MEDITERRANEAN: At informal meeting in Lisbon, Gama affirms his determination to move the Mediterranean Strategy forward
(EU) EU/BRAZIL:
(EU) EU/COMPETITION: Commission to open detailed inquiry on Friday on takeover of Hughes Electronics by Boeing
(EU) EU/STATE AID: Court begins procedure concerning aid to WestLB
(EU) EU/COMPETITION: Commission makes known its grievances on acquisition of cable operator Telewest (gb) by Microsoft and Liberty Media
(EU) EU/COMPETITION: Commission gives go-ahead to joint takeover of Fendi by LVMH and PRADA
(EU) EIB/GERMANY:
(EU) EU/ENVIRONMENT: Community and 14 Member States sign Protocol on Biosafety - Margot Wallström welcomes move forward
(EU) EU/ENVIRONMENT: Commission initiates consultation by all interested parties in order to prepare revision, in time, of reduction in sulphur content of fuels
(EU) EU/RESEARCH: Fuel cells the focus of conference beginning on Monday in Brussels
(EU) EP/COMMISSION: Framework-agreement on relations between Parliament and Commission could be concluded on 8 June
(EU) EP/OMBUDSMAN: Soederman justifies need to amend the statute of Ombudsman to improve access to documents and facilitate hearings of officials
(EU) EU/FRAUD: Olaf hands in its report on allegations of fraud at the European Commission Representation in Stockholm
(EU) EP/AUSTRIA:
(EU) EU/FRENCH PRESIDENCY: Martine Aubry proposes organisation of European summit on social exclusion and calls on Member States to set quantified targets in fight against exclusion
(EU) ACP/EU: Six Pacific Island States will be admitted as signatories to new partnership agreement thus becoming members of ACP Group
(EU) EMU/UNITED KINGDOM: Can a Member State leave the euro zone? Polemic surrounds interview with Prodi
TIMETABLE
(EU) Main European Activities from 28 May to 5 June 2000:
ECONOMIC INTERPENETRATION
(EU) Breweries:
(EU) Breweries:
(EU) Distribution:
(EU) Telecommunications:
(EU) Energy:
(EU) Glass:
(EU) Steel:
(EU) Banks:
(EU) Real estate:
VALUE OF THE EURO IN DIFFERENT CURRENCIES 26/05/2000: