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Europe Daily Bulletin No. 8013

25 July 2001
Contents Publication in full By article 39 / 59
ECONOMIC INTERPENETRATION / (eu) services

British group VIRGIN has announced the retrocession of its 25% stake in VIRGIN ONE, its real estate financing subsidiary, to its partner, the ROYAL BANK OF SCOTLAND, for the sum of £45 million. The agreement provides for acquisition of VIRGIN shares and those of the Austrian insurance company AMP (25% each) by ROYAL BANK OF SCOTLAND, which already owns 50%, for a total price of £100 million. VIRGIN, which also sold its 18 VIRGIN MEGASTORES to the subsidiary HACHETTE DISTRIBUTION SERVICES...

Contents

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