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Europe Daily Bulletin No. 8378

15 January 2003
Contents Publication in full By article 35 / 39
ECONOMIC INTERPENETRATION / (eu) construction

After having reduced its controlling stake in the Austrian group WIENERBERGER to 20.5%, Belgian KORAMIC is to sell it its roof tile business (turnover EUR 250 million in 2002 with 2000 employed). The move will be made via the constitution of a joint venture called KORAMIC ROOFING in which WIENERBERGER has a 50% stake against payment of EUR 211.5 million. At a second stage, there will the possibility to acquire, by 2010 at the latest, KORAMIC's 50% stake.

Contents

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