Rabobank sets merger pact with Achmea

Article Abstract:

Rabobank will unite with Achmea Holding NV to create the biggest bank-insurance company in the Netherlands. Rabobank and Achmea, two cooperative organizations that are owned by their clients and employees, said that the merger will be completed within the succeeding three years. The firms, which will begin operating as a 50-50 joint venture beginning on Jan. 1, 1998, will have combined assets of 486 billion guilders ($235.9 billion), based on 1997 figures, and net earnings of 2.58 billion guilders on a pro-forma basis.

Comment:

Will unite with Rabobank to create the biggest bank-insurance company in the Netherlands

Commercial Banks, Commercial Banking, Acquisitions & mergers, Rabobank Nederland, Article, Achmea Holding NV

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Poland to launch public offering of PZU next year

Article Abstract:

Powszechny Zaklad Ubezpieczen S.A.'s (PZU) initial public offering is being scheduled for 2002. PZU is a state-owned domestic insurance firm in Poland.

Strategy & planning, Poland, Planning, Privatization, Privatization (Business), Going public (Securities), Initial public offerings, Powszechny Zaklad Ubezpieczen S.A.

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Achmea offering in Eurobond market gets strong demand

Article Abstract:

Achmea Holdings has issued an offering of 500 million euros in the Eurobond market. The 5.75% bonds are due by July 2008.

Securities issued, listed, Achmea Holding N.V.

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