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Europe Daily Bulletin No. 7818

12 October 2000
Contents Publication in full By article 38 / 45
ECONOMIC INTERPENETRATION / (eu) banking

BANCA INTESA has confirmed it decision to take 100% control of its subsidiary BANCA COMMERCIALE ITALIANA (COMIT) in which it already has a 70% stake, by buying 30% of the capital it still has not got for 3.4 bn euro. The operation will take the form of a public share swap at 1.45 BANCA INTESA shares for 1 of COMITS'. The merger of the two entities will increase BANCA INTESA's weight, already Italy's number two, taking to 304 bn euro the amount of assets managed by the new entity.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION