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Image header Agence Europe
Europe Daily Bulletin No. 7751
Contents Publication in full By article 26 / 49
ECONOMIC INTERPENETRATION / (eu) banks

Portuguese group CGD - CAIXA GERAL DE DEPOSITOS and the third largest Brazilian bank UNIBANCO - UNIÃO DE BANCOS BRASILEIROS have announced a strategic alliance whereby the Portuguese group will acquire a 10% stake in the capital of its Brazilian counterpart. UNIBANCO, on the other hand, will acquire the Brazilian assets of the Portuguese bank. These assets comprise above all a majority stake in the retail bank BANDEIRANTES (assets of 9.1 billion reals with 487,000 customers) as well as certain activities of BANCO FINANCIAL PORTUGUES.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION