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Europe Daily Bulletin No. 8704

12 May 2004
Contents Publication in full By article 28 / 37
ECONOMIC INTERPENETRATION / (eu) banking

The regional US bank SUNTRUST intends to acquire the NATYIONAL COMMERCE financial group for USD 7 bn in shares and cash USD 8.625 in cash and 0.3713 of its own shares for each NATIONAL COMMERCE asset. The new company will keep the name SUNTRUST and will become the third largest bank in terms of market share in the south east of the USA and the seventh nationally with USD 148 bn worth of assets and 1723 branches.

Contents

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