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Europe Daily Bulletin No. 8286

30 August 2002
Contents Publication in full By article 25 / 34
ECONOMIC INTERPENETRATION / (eu) defence

The US group TRW, which is currently being acquired by the defence group NORTHROP GRUMMAN, is on the point of selling up its automobile equipment division, which does not interest the buyer, for some $5 billion to the private investment groups BLACKSTONE GROUP and CARLYLE GROUP. This division alone represents 62% of the TRW turnover, i.e. $10.1 billion out of a total of 16.4 billion last year. The transaction should be for around $5 billion.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION