UK e-bank Egg announced that it has received the go-ahead from Banque de
France to acquire French online bank Zebank for E5.5m.

The purchase price is less than the expected E8m announced in January, which
Egg said reflects E2.5m less net assets than shown in the draft accounts
available at the start of the year.

Egg said it has reimbursed former owners Groupe Arnault and Dexia for E30.5m
million of share capital paid up during the period between signing and
completion.

Zebank, France's first e-bank launched last year, has about 89,000 customers
and manages 144,000 accounts. Egg said it expects to attract 1m customers in
next three years and make a profit by 2004.

jak zwykle - wiecej newsow na www.prnews.pl :)

--
------
Amra the Freelancer
www.prnews.pl - wiadomosci z e-bankowosci