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Europe Daily Bulletin No. 8820

4 November 2004
Contents Publication in full By article 51 / 54
ECONOMIC INTERPENETRATION / (eu) finance

SOCIETE GENERALE is in exclusive negotiations with German sales by correspondence company OTTO, to buy a 75% stake in HANSEIATIC BANK (net profits of EUR 14.2 million, which specialises in consumer loans. Outstanding credit would be more than EUR 1 bn and it would employ around 300 collaborators. The company is proposing a payment of EUR 200 million for this stake.

Contents

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