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Image header Agence Europe
Europe Daily Bulletin No. 7784
Contents Publication in full By article 26 / 33
ECONOMIC INTERPENETRATION / (eu) telecommunications

E.ON, group to have emerged from the merger of the German groups VEBA and VIAG, has concluded several operations. It has sold to BT - BRITISH TELECOMMUNICATIONS its 45% stake in the German mobile phone operator VIAG INTERKOM for 7.3 bn euro cash. BT thus takes a 90% control in VIAG INTERKOM. It has also sold the 49% stake it had in BEWAG, Berlin electricity distribution company. This sale, to the benefit of HEW - HAMBURGISCHE ELETRICITATS-WERKE which now holds a 59.7% stake in BEWAG, had been demanded by the German and European competition authorities to provide their assent for the creation of E.ON. The group has also sold its electronic components division VEBA ELECTROCICS for 2.6 bn euro to an American-European consortium comprising the investment fund SCHRODER VENTURE FUNDS and the American firms ARROW ELECTRONICS, MELVILLE and AVNET. Finally, according to the Financial Times, E.ON and France's SUEZ LYONNAISE DES EAUX are in talks in view of a merger.

Contents

GENERAL NEWS
ECONOMIC INTERPENETRATION