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Europe Daily Bulletin No. 7998

4 July 2001
Contents Publication in full By article 52 / 58
ECONOMIC INTERPENETRATION / (eu) banks

The French BNP PARIBAS will acquire 4% of the South Korean holding SHINHAN FINANCIAL GROUP in the framework of a long-term partnership. The agreement will notably allow for the establishment of joint subsidiaries between SHINHAN and two 100% subsidiaries of BNP PARIBAS, namely CETELEM (consumption credits) and CARDIF (personal insurance).

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION