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Europe Daily Bulletin No. 8053

22 September 2001
Contents Publication in full By article 34 / 38
ECONOMIC INTERPENETRATION / (eu) banks

British group HSBC has acquired the private Turkish bank DEMIRBANK (198 branches, 3,700 employed), placed under State trusteeship, for the sum of EUR 377 million. Due to a "crash" last November through a lack of liquidity, followed by a second crisis in February, the Turkish bank had been placed under State guardianship last year and put up for sale on 25 January. See EI of 23 March.

Contents

THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION