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Europe Daily Bulletin No. 8056

26 September 2001
Contents Publication in full By article 34 / 42
ECONOMIC INTERPENETRATION / (eu) finance

Following weeks of negotiations, DEUTSCHE BANK and ZURICH FINANCIAL SERVICES have reached agreement on an asset swap whereby the German bank will purchase SCUDDER, the US fund unit of ZURICH FINANCIAL SERVICES for $2.5 bil. In return, ZURICH FINANCIAL SERVICES acquires a 75.9% stake in DEUTSCHE BANK's insurance holdings, including DEUTSCHER HEROLD, BONNFINANZ and BONNDATA. DEUTSCHEBANK will also pay over $1 bil in cash and shares. At the end of June, SCUDDER managed $278 billion of assets....

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION