Three European banking companies have obtained Federal Reserve Board approval to buy stakes in Identrus LLC, a multinational joint venture that is developing a digital certificate service for business-to-business commerce on the Internet.

Bayerische Hypo und Vereinsbank and Deutsche Bank of Germany and affiliates of ABN Amro Holding of the Netherlands were each authorized to take as much as a 12.5% voting interest in New York-based Identrus.

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