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Europe Daily Bulletin No. 7783

24 August 2000
Contents Publication in full By article 28 / 39
ECONOMIC INTERPENETRATION / (eu) banks

The British bank BARCLAYS has made a friendly bid of £5.4 billion on its compatriot, WOOLWICH. The shareholders of the latter will receive 0.1175 new BARCLAYS shares and £1.64 for each of their stock. After the transaction they will hold about 11% of the BARCLAYS capital. The transaction is expected to be concluded during the fourth quarter.

Contents

GENERAL NEWS
ECONOMIC INTERPENETRATION