HypoVereinsbank to take over Bank Austria

Article Abstract:

The supervisory boards of both banks have approved the takeover of Bank Austria, that country's largest bank, by HypoVereinsbank, the No. 2 bank in Germany. Observers expect that shareholders of Bank Austria will not block the acquisition in a meeting planned for September, even though there will be some resistance to the bank's loss of independence.

---

Hypovereinsbank advances in talks with Bank Austria

Article Abstract:

Hypovereinsbank of Germany and Bank Austria are engaged in merger negotiations. The merger of these two banks , the second largest in Germany and the largest in Austria, would create an institution with assets of almost 700 billion euros.

Statistical Data Included, Brief Article

---

Hypo-Veriensbank, Bank Austria Air merger timeline

Article Abstract:

Bank Austria AG and Hypo-Vereinsbank AG want to fully integrate the majority of their subsidiaries and business units by mid-2001 and finalize their merger by 2003.

Similar abstracts:

• Abstracts: Morocco: Invitations to tender for electricity station. Ghana: Contract for Norelec. MOROCCO: SUPPLY OF ELECTRICAL EQUIPMENT
• Abstracts: BBC to start taking Web ads as government tightens funds. BBC unit posts record revenue
• Abstracts: BBVA suggests it won't boost offer for Bancomer. Bangkok Metropolitan merger is likely as HSBC drops bid
• Abstracts: WPP Group raises the ante in takeover battle for Tempus. Havas Advertising agrees to acquire Tempus Group. Euro RSCG buys Middleberg, moving into public relations
• Abstracts: Big Board aims for greater global role. Major LSE shareholder touts Euronet alliance. CooperNeff targets institutional clients

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.