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Europe Daily Bulletin No. 7974

31 May 2001
Contents Publication in full By article 30 / 38
ECONOMIC INTERPENETRATION / (eu) insurance

The bank-insurer EUREKO, 70% subsidiary of the Dutch ACHMEA, acquired 54.38% of the capital in the Greek life insurance group INTERAMERICAN HELLENIC LIFE INSURANCE COMPANY SA (turnover of EUR 416.7 million in 2000) for EUR 977.25 million, increasing its total stake to 79.38%. This operation also concerns the subsidiaries SOLE CASTLE INVESTMENTS and INTEREUROPEAN SA. According to Greek law, EUREKO should undertake a takeover on the remaining 20.61% of the capital for a price that should be...

Contents

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