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Europe Daily Bulletin No. 7726

27 May 2000
Contents Publication in full By article 38 / 42
ECONOMIC INTERPENETRATION / (eu) glass

Britain's glassmaker PILKINGTON has announced that it is acquiring, via a share issue, the stake owned by Japan's NSG -NIPPON SHEET GLASS- in several of its American subsidiaries. It will be buying NSG's 20% stake in LIBBEY-OWENS-FORD and 50% in L-N SAFETY GLASS and L-N OF AMERICA. It will also buy NSG's 20% share in PILKINGTON AUTOMOTIVE UK. In exchange, the Japanese group will receive a 10% share in the British group.

Contents

THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION