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Article: Salomon and San Paolo announce cooperation agreement. (Istituto Bancario San Paolo di Torino) (includes information on bank)
- Article from:
- PR Newswire
- Article date:
- June 29, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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/ADVANCE FOR RELEASE AT 9:30 A.M., EDT, TODAY/
SALOMON AND SAN PAOLO ANNOUNCE COOPERATION AGREEMENT
/ADVANCE/NEW YORK, TURIN, LONDON, June 29 /PRNewswire/ -- Salomon announced today that a cooperation agreement has been signed with Istituto Bancario San Paolo di Torino, the Turin based Italian banking group, which has operated in Italy since 1563.
The agreement, which is non-exclusive in nature, covers cooperation in certain areas of securities distribution, asset securitization and corporate finance. It also includes an agreement for San Paolo's purchase of up to 5 percent of the ordinary shares of Salomon Inc and Salomon's intention ...