German conglomerate ROBERT BOSCH (turnover EUR 35 billion in 2002) has acquired a 30.2% stake in BUDERUS from BTP BILFINGER BERGER. It has announced it will launch a takeover bid on the remaining capital at 29.15 euros per share, which gives the German heating company a value of EUR 1.8 billion. This acquisition will allow BOSCH to increase its annual turnover for boiler making activities from the current 910 million to EUR 2.1 billion and to rob VAILLANT (turnover EUR 1.4 billion) of its...