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Europe Daily Bulletin No. 8512

26 July 2003
Contents Publication in full By article 45 / 50
ECONOMIC INTERPENETRATION / (eu) banking

HYPOVEREINSBANK (HVB group), the second largest German banking group, has signed a letter of intention with the Dutch company RABOBANK to sell FGH BANK its real-estate subsidiary in the Netherlands to it. This sale is expected to earn almost EUR 415 millions for HVB. FGH BANK's EUR 4.5 bio in real estate loans is added to the portfolio of EUR 9 bio belonging to RABOBANK.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION