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Europe Daily Bulletin No. 7904

16 February 2001
Contents Publication in full By article 37 / 59
ECONOMIC INTERPENETRATION / (eu) cellulose

BANK AUSTRIA is to sell its 80% stake in the Austrian manufacturer of cellulose fibres LENZING AG to the Austrian firm ZELLULOSEFASER controlled by the group of investors CVP CAPITAL PARTNERS. At the same time, ZELLULOSEFASER will buy the cellulose activities of the Dutch group ACCORDIS in which CVC has a 64% stake. The cellulose activities of the two groups will be merged, giving rise to a giant in the sector based in Austria that will be the world's number one manufacturer of cellulose.

Contents

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