ECONOMIC INTERPENETRATION / (eu) privatisation

- Germany: German state-owned development bank KFW, responsible for organising the sell-off of public companies, has sold up to 6.% of DEUTSCHE TELEKOM for around EUR 4.5 bn. This means that KFW and the state will hold 36% of DEUTSCHE TELEKOM. DEUTSCHE TELEKOM will reintegrate T-ONLINE INTERNATIONAL, the internet unit in which it holds 74%, in a move that will cost it about EUR 2.9 bn. It will offer EUR 8.99 cash per share. - France: Public company EMC - ENTREPRISE MINIERE ET CHIMIQUE will sell off its French mineral fertiliser manufacturing and sales business, subsidiary SCPA - SOCIETE COMMERCIALE DES POTASSES ET DE L'AZOTE (EUR 448 million turnover in 2004, EUR 150 million in France) to Germany's K+S (2004 turnover EUR 2.29 bn). - Russia: the Russian authorities plan to push ahead with the rapid sale of the core assets of oil group YUKOS at a price of USD 10.4 bn to meet its tax arrears.