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Europe Daily Bulletin No. 7972

28 May 2001
Contents Publication in full By article 38 / 46
ECONOMIC INTERPENETRATION / (eu) banks

BANK AUSTRIA bought the 9.96% share of the capital of BANCA INTESA in BA/CA HUNGARY - BANK AUSTRIA CREDITANSTALT HUNGARY, allowing the Austrian bank to hold 100% of its Hungarian subsidiary. BA/CA HUNGARY will be merged at the end of the summer with the Hungarian subsidiary of HVB - HYPOVEREINSBANK, the latter is owner for one year of BANK AUSTRIA. The new entity will hold 6% of the Hungarian market share and will become the fifth largest banking institution in the country.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
WEEKLY SUPPLEMENT