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Europe Daily Bulletin No. 8949

19 May 2005
Contents Publication in full By article 36 / 46
ECONOMIC INTERPENETRATION / (eu) banking

The regional Italian bank BPER - BANCA POPOLARE DELL'EMILIA ROMAGNA and the UNIPOL insurance company have both acquired a stake of almost 2% each in the capital of BNL - BANCA NAZIONALE DEL LAVORO, which was subject to a bid from the Spanish bank BBVA. UNIPOL may still increase its share by more than 5% in an effort to protect its joint subsidiary, the banking-insurance group BNL VITA. The BBVA is now sure of obtaining 28% of capital in BNL. This offensive launched by BPER and UNIPOL will...

Contents

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