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Europe Daily Bulletin No. 8580

7 November 2003
Contents Publication in full By article 45 / 49
ECONOMIC INTERPENETRATION / (eu) chemicals

Franco-German group AVENTIS has announced the sale of its entire stake of 11.8% in the Swiss chemicals company CLARIANT for EUR 224 million. The 18.2 million shares will be floated on the market at a price of EUR 19.25 per share. CLARIANT is also going to sell its ether cellulose business to the Japanese group SHIN-ETSU CHEMICAL. This division accounted for a turnover of CHF 250 million in 2002.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
SUPPLEMENT