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Europe Daily Bulletin No. 8918

1 April 2005
Contents Publication in full By article 32 / 46
ECONOMIC INTERPENETRATION / (eu) banks

The second largest Spanish bank BBVA-BANCO BILBAO VIZCAYA ARGENTARIA has launched a public exchange offer on the sixth largest Italian bank BNL, in which it holds 14.7% of the capital. BBVA will proceed with a capital increase with a nominal value of 260.25 million euros with the release of 531.13 million new shares. The Spanish bank one newly released share for five in BNL, valuing the 85% of the capital that it wants to buy at around 6.6 billion euros. The Bank of Italy, which is extremely...

Contents

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