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Europe Daily Bulletin No. 7728

31 May 2000
Contents Publication in full By article 32 / 53
ECONOMIC INTERPENETRATION / (eu) finance

The German group DISCOUNT BROKER CONSORS, Europe's number two on-line brokerage, is buying a controlling share of BEG -BERLINER EFFEKTENGESELLSCHAFT. CONSORS is initially offering to buy 16% of BEG's capital for EUR 37.4 a share. The total amount of the transaction is estimated at EUR 250 million. The group will also acquire a controlling share in BERLINER EFFEKTENBANK, specialised in investment and retail banking, in which BEG owns 40%.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION