ECONOMIC INTERPENETRATION / (eu) privatisation

- Austria: The Austrian State put up for sale its 28% stake in the capital of TELEKOM AUSTRIA (turnover of EUR 51.2 billion in 1999 with 18,000 employees) in a price bracket set between EUR 9 and 12 per share. The banks responsible for the placement, CREDIT ANSTALT INVESTMENTBANK and MERRILL LYNCH INTERNATIONAL table on receipts of EUR 1.5 to 1.9 billion. The subscription period was opened on 2 November and will be closed on 17 November at the latest. This is the largest privatisation...