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Image header Agence Europe
Europe Daily Bulletin No. 7846
Contents Publication in full By article 29 / 54
ECONOMIC INTERPENETRATION / (eu) privatisation

- Austria: The Austrian State has announced that the sale of 25.8% of the capital of TELEKOM AUSTRIA (turnover EUR 3.72 billion in 1999) will be at the price of 9 euros per share, or the lower limit of the price range that had been fixed (between 9 and 12 euros). In addition, the number of shares up for sale has been revised downward: 128.8 million in quoted stock against 140 million foreseen earlier. The Austrian State should bring EUR 1.16 billion into its coffers from the operation. The OIAG, the State holding that manages Austrian public enterprises, will keep 44% of the capital, with TELECOM ITALIA holding 29% of the shares. It plans to make a second share issue within the next 18 months.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION