Article: Salomon and San Paolo announce cooperation agreement. (Istituto Bancario San Paolo di Torino) (includes information on bank)

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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 ...

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