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Europe Daily Bulletin No. 8824

10 November 2004
Contents Publication in full By article 44 / 50
GENERAL NEWS / (eu) technology

German group SIEMENS has launched a new take over bid for the Austrian industrial group, VA TECH (European turnover of EUR 3.9 bn with workforce of 17,500) for EUR 55 per share, which subsequently puts the value of the group at around EUR 845 million. the announcement of a new take-over bid was made after the acquisition on Sunday by the German conglomerate of 16.7% of VA TECH held by the Austrian holding company VICTORY.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS