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Europe Daily Bulletin No. 8490

25 June 2003
Contents Publication in full By article 45 / 53
ECONOMIC INTERPENETRATION / (eu) banks

The German bank HVB - HYPOVEREINSBANK is to put on the Stock Exchange 25% of the capital of its subsidiary BANK AUSTRIA, an operation that could bring in up to EUR 1.17 billion. The price of issuing shares is fixed at between 27 and 31 euros per share. BANK AUSTRIA groups all the HVB activities in Eastern Europe. It made a pre-tax profit of EUR 504 million in 2002.

Contents

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