Vodafone AG, a subsidiary of Vodafone Group Plc, has has reached agreement with E.ON AG, Dusseldorf, for the sale of Vodafone’s 23.6 per cent stake in Bergemann GmbH.
Bergemann GmbH. holds an 8.2 per cent stake in Ruhrgas AG.
E.ON AG, Dusseldorf is to pay Vodafone euro 850 million for its hodling interest and in addition, a minimum dividend of euro 35 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.