CBA enters Colonial era

Article Abstract:

This article discusses the planned takeover of Colonial Ltd. by Commonwealth Bank of Australia for A$9.4 billion. The merger would create Australia's largest financial services company. The merged entity will have A$220 billion in total assets.

Australia, Statistical Data Included, Commonwealth Bank of Australia, Colonial Ltd.

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Bulgaria will back sale of Bulbank despite opposition; bank's chief criticizes price from consortium as too low

Article Abstract:

Bulgaria's bank privatization agency will review a joint $350 million (Euro371.9 million) bid from UniCredito Italiano SpA and Allianz AG for 98.5% of Bulbank, the largest bank in Bulgaria.

Italy, Bulgaria, Unicredito Italiano S.p.A., Bulbank

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Taiwan's fund sector draws interest from foreign firms

Article Abstract:

A number of foreign financial services, insurance and banking companies are interested in the mutual funds business in Taiwan. Four of those companies are bidding to acquire Kwang Hua Securities Investment and Trust Co.

United States, Taiwan, Netherlands, Financial management, Switzerland, Financial Services, Finance and Insurance, Mutual Fund Mgmt Companies, Portfolio Management, Planning, Financial services industry, Mutual funds, UBS AG, Mutual fund industry, ABN AMRO Holding N.V., Fidelity Investments, Zurich Insurance Co. (Zurich, Switzerland), Dresdner Bank AG (Frankfurt, Germany), Kwang Hua Securities Investment and Trust Co., Prudential Financial Services Corp., State Street Switzerland

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