Ad-hoc | 7 January 2002 08:30
E.ON AG
english
E.ON sells VAW aluminium to Norsk Hydro
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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E.ON sells VAW aluminium to Norsk Hydro
As part of its extensive divestment program E.ON has agreed to sell Bonn-based
VAW aluminium AG to Norsk Hydro ASA, Oslo.
The price for VAW totals 3.1 billion euros. This figure includes financial
liabilities and pension provisions amounting to 1.2 billion euros. E.ON will
earn a tax-free profit of approximately 1.1 billion euros from this sale. The
transaction is subject to antitrust approval and is expected to be completed in
the first quarter of 2002.
end of ad-hoc-announcement (c)DGAP 07.01.2002
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