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Europe Daily Bulletin No. 8507

18 July 2003
Contents Publication in full By article 42 / 50
GENERAL NEWS / (eu) finance

CITIGROUP, the number one for financial services worldwide, has acquired the credit card business of the US distribution group, SEARS, which will make $6 billion from the sale. It thus acquires the eighth largest portfolio of credit cards in the United States, that is, 59 million accounts including 25 million in assets, with $29 billion available in amounts outstanding.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS