The Spanish group EUROTOOLS (turnover EUR 97.6 million in 1999 with 800 employed and six factories) has acquired the French company Z INTERNATIONAL (handtools intended for automobile building and repair; turnover in 1999 FF 70 million with 60 employed).
(EU) Banks: The Dutch insurance banker ING has announced the acquisition of the financial services and international activities of the American insurance company AETNA for the sum of $7.7 billion.