Vodafone AirTouch PLC
30 May 2000
VODAFONE AIRTOUCH CONFIRMS SALE OF MANNESMANN TUBES
Vodafone AirTouch Plc today announces that the Supervisory Board of
Mannesmann AG ('Mannesmann') has approved the sale of Mannesmann Tubes
to Salzgitter. Accordingly, the repositioning of the
telecommunications and the engineering and industrial businesses of
Mannesmann has almost been completed. Prior to the sale to Salzgitter,
Mannesmann undertook a capital restructuring, increasing Mannesmann's
holding in Mannesmannrohren-Werke to 99.3% and made a further
financial contribution, at a total cost of approximately EUR 260
million.
For further information:
Vodafone AirTouch Plc
Terry Barwick, Director of Corporate Affairs
Tim Brown, Investor Relations Director
Melissa Stimpson, Senior Investor Relations Manager
Telephone: +44 (0) 1635 33 251
Tavistock Communications
Lulu Bridges
Telephone: +44 (0) 207 600 2288
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