- France: Five banking/insurance groups have made a firm bid for the takeover of HERVET, the last state-owned bank to undergo privatisation, announced the French Finance Ministry. The bidders are BNP PARIBAS, CCF (British group HSBC), CAISSES D'EPARGNE, CREDIT DU NORD (SOCIETE GENERALE) allied with the Franco-Belgian group DEXIA, and the mutual insurance company GROUPAMA. All foreign bidders have pulled out of the race. The short-listed candidates will be announced in February and the final...