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Europe Daily Bulletin No. 7849

25 November 2000
Contents Publication in full By article 31 / 36
ECONOMIC INTERPENETRATION / (eu) banks

Dutch ABN AMRO is to acquire the American business bank MICHIGAN NATIONAL CORPORATION (balance sheet total $116 billion with 184 agencies, 3,600 employed and 350,000 clients) from Australian group NATIONAL AUSTRIA BANK for the sum of $2.75 billion. ABN AMRO plans to merge the US bank with its subsidiary STANDARD FEDERAL BANCORPORATION into a new entity called ABN AMRO NORTH AMERICA.

Contents

THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION
SUPPLEMENT