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Europe Daily Bulletin No. 7840

13 November 2000
Contents Publication in full By article 28 / 33
ECONOMIC INTERPENETRATION / (eu) pharmaceuticals

Germany's BASF has handed the sale of its pharmaceuticals subsidiary KNOLL to the American business bank WASSERSTEIN PERELLA. This sale should make the company at least 7 bn euro. BASF had a turnover in the pharmaceuticals sector of 2.5 bn euro in 1999. In addition, BASF and the Anglo-Dutch group ROYAL DUTCH SHELL are to rename ELLBA their 50/50 styrene and propylene-oxide joint-venture, so far named BASELL in Europe and Asia.

Contents

A LOOK BEHIND THE NEWS
: Confessions of Romano Prodi - by personally presenting a totally unknown image on the European scene, Commission President told of his "annos horribilis", now over
THE DAY IN POLITICS
(EU) WEU/EU: Marseilles Council marks end of WEU as operational organisation, but transition will last at least until 2002 - WEAG widens
(EU) EU/MEDITERRANEAN: Libya not to take part in Marseilles Conference
GENERAL NEWS
(EU) EU/DEVELOPMENT COUNCIL: General policy declaration aimed at making eradication of poverty main aim of cooperation with all LDC - Integration in global economy, sustainable development, human rights and democracy, good governance
(EU) EU/UKRAINE: EUR 65 million for helping Ukraine counter "fuel gap"
(EU) EU/MERCOSUR: Negotiating round considered by both parties as turning point - Progress on several issues, confirmation of difficulties for others
(EU) EU/CHILE: Third negotiating session for association and free trade agreement begins Monday in Santiago
(EU) EU/UNITED STATES/WTO: European Commission initiative proceedings in Geneva against American countervailing duties affecting former European public steel producers
(EU) EU/AFRICA: Commission grants EUR 8.2 million to support programme for West African Monetary and Economic Union
(EU) EU/AFRICA: Lamy at meeting of African trade ministers
(EU) EU/MEDITERRANEAN: Cooperation in transport
(EU) EU/YOUTH COUNCIL: Ministers intend to continue dialogue with youths and Marie-George Buffet calls for real partnership - Youth want "a Europe for youth with youth"
(EU) EU/FINANCIAL SERVICES: Mr Lamfalussy considers urgent reform of European legislative process, rather than European Securities regulation authority
(EU) EU/FRAUD: 1999 European Commission report on protection of EU financial interests criticises absence of harmonisation of definition of fraud, with result that figures do not necessarily reflect reality
(EU) EU/ENERGY: Commission prepares to approve Green Paper on EU energy dependence - Guidelines and requirements
(EU) EU/FISHERIES: Fischler confirms further reductions in fishing in North Sea and announces TACs for benthic species
(EU) EU/COMPETITION: green light for acquisition of North Goonyella Property Ltd by RAG (coal)
(EU) EU/MAD COW: Commission will propose for Member States to extend to all cows, more than two years old, obligatory comprehensive annual testing for BSE - Initial discussion this Wednesday by Standing Veterinary Committee
(EU) EU/BALKANS: Meeting in Paris to coordinate international community's aid to Serbia and other Balkan countries
(EU) EU/UNITED STATES: Student exchanges for next three years
(EU) EU/INFORMATION SOCIETY: European industry launches "Career-Space" to narrow the professional gap in new technologies
(EU) EU/ENTERPRISE:
(EU) NEWS OF THE WEEK: from 6 to 12 November 2000
ECONOMIC INTERPENETRATION
(EU) Privatization:
(EU) Insurance:
(EU) Banking:
(EU) Media:
(EU) Pharmaceuticals:
(EU) Distribution:
(EU) Industry:
(EU) Decoration:
WEEKLY SUPPLEMENTS
European Library: N° 435
VALUE OF THE EURO IN DIFFERENT CURRENCIES 13/11/2000: