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Image header Agence Europe
Europe Daily Bulletin No. 8211
Contents Publication in full By article 39 / 42
ECONOMIC INTERPENETRATION / (eu) insurance

FIS - FRIENDS IVORY AND SIMES, subsidiary of British insurer FRIENDS PROVIDENT, is to buy up the asset management division of ROYAL AND SUN ALLIANCE for £240 million. This will double the total assets managed by FIS (making a total of some £70 bn) and send the company into the Top Ten British asset management companies.

Contents

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