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Europe Daily Bulletin No. 8165

7 March 2002
Contents Publication in full By article 43 / 54
ECONOMIC INTERPENETRATION / (eu) banks

The Dutch bank RABOBANK (net profits EUR 1.2 billion in 2000 with 58,000 employed, 9 million clients and 1,650 subsidiaries) is to enter the capital of the Swiss private bank, SARASIN (net profits CHF 70.1 million in 2001 with 850 employed). RABOBANK is thus to transfer its fortune management unit to the responsibility of SARASIN. In exchange, RABOBANK will acquire a 28% stake in SARASIN. Also, RABOBANK has an option for acquiring 100% of the capital of the holding company, EICHBAUM, which...

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION