Vodafone AG, ("Vodafone") a subsidiary of Vodafone Group Plc announces that it has reached agreement with E.ON AG, Dusseldorf for the sale of Vodafone's 23.6% stake in Bergemann GmbH through which it holds an 8.2% stake in Ruhrgas AG. The consideration, which will be paid in cash, is Eur850 million and in addition, a minimum dividend of Eur35 million for the year ending 2001.
The sale is conditional on the approval of the Supervisory Board of Vodafone and, subject to all the necessary approvals, is expected to close by the end of March 2002.
For further information contact:
Vodafone Group Plc
Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Head of Group Investor Relations
Bobby Leach, Head of Group Financial Media Relations
Tel: +44 (0) 1635 673310
Tavistock Communications
Lulu Bridges/John West
Tel: +44 (0) 20 7600 2288