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Europe Daily Bulletin No. 8250

8 July 2002
Contents Publication in full By article 42 / 54
ECONOMIC INTERPENETRATION / (eu) energy

Despite the German competition office's veto, the German government has given the green light to the take-over of the largest gas company in the country, RUHRGAS (annual turnover EUR 13.3 BN) by the E.ON group, the European energy number two (behind EDF - ELECTRICITE DE FRANCE) and whose annual turnover in 2001 was EUR 79 BN. In practical terms, E.ON will be buying up 40% of RUHRGAS that it doesn't yet own for EUR10 BN from SHELL, EXXONMOBIL and PREUSSAG ENERGIE. According to The Observer,...

Contents

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