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HVB aiming at 100% stake in HVB Real Estate

HVB is taking the next step toward combining its real estate financing operations in a new group. The bank plans to increase its current equity interest of 96.91% in HVB Real Estate Bank AG to 100%.To ...

SEB ImmoInvest increased its fund to EUR 3.15 bln

The open-ended real estate fund SEB ImmoInvest increased its fund to EUR 3.15 bln during the first six months of this year, compared to EUR 2.33 bln in Spring this year. During the last six months tot ...

The Vallehermoso Group will invest 4.5 million euros in Albacete

The Vallehermoso Group has acquired a 1,793 m2 plot of land in the Paseo de la Cuba, 23 in Albacete and has planned to invest 4.5 million euros in the development of a building with approximately 21 d ...

Amsterdam to tackle housing problem

The Amsterdam Municipal Executive wishes to ensure that some 16,000 new homes will be built in the period to 2006.New building is an important prerequisite for stimulating mobility and adequate supply ...

Consumer confidence up

After correction for seasonal effects, consumer confidence was five points higher in November than in October. According to Statistics Netherlands’ consumer confidence survey, this is the first ...

Manufacturers less sombre

Producers’ confidence, the sentiment indicator for the manufacturing industry, was slightly up in October 2002. Statistics Netherlands’ business sentiment survey further showed an improv ...

BNP Paribas acquires French government´s stake in Crédit Lyonnais

Friday evening, 22 November, the French government announced its decision to sell its entire 10.9% equity stake in Crédit Lyonnais. At its meeting on 23 November, the BNP Paribas Board of Directors ...

Fortis: solid operating performance

Net loss due to lower market value of the equity portfolioHighlights first three quarters of 2002 (in EUR million) - Net Operating Profit before realised capital gains 1.610 +3% - Net Operating Profit ...

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