login
login

Europe Daily Bulletin No. 8203

1 May 2002
Contents Publication in full By article 40 / 45
ECONOMIC INTERPENETRATION / (eu) intermediation

The French bank BNP-PARIBAS is to take control on the German on-line broker CONSORS by buying 66.40 of the capital held by the regional bank SCHMIDTBANK for 287 million euro, or 9.08 euro a share. The operation will be followed by a public bid for the reminder of the shares at a unit price of 12.4 euro, BNP-PARIBAS having the intention of merging CONSORS with its subsidiary CORTAL, so as to create the foremost European player on on-line savings, with 1.2 million customers and 14 bn euro in...

Contents

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