Closing of Sale of Atecs Mannesmann

Apr 17, 2001, 01:00 ET from Vodafone Group Plc

    NEW YORK, April 17 /PRNewswire/ -- Vodafone Group Plc ("Vodafone")
 announces that, following approval from the relevant European Union and US
 regulatory authorities, its subsidiary Mannesmann AG ("Mannesmann") has
 completed the disposal to Siemens AG ("Siemens") of a 50% plus 2 shares stake
 in the Atecs Mannesmann engineering and automotive businesses.
     In respect of the remaining stake in Atecs Mannesmann a payment of between
 EUR 3.657 billion and EUR 3.807 billion is to be made upon the exercise of
 certain options by Mannesmann or Siemens, which can be exercised by 31
 December 2003.
 
 

SOURCE Vodafone Group Plc
    NEW YORK, April 17 /PRNewswire/ -- Vodafone Group Plc ("Vodafone")
 announces that, following approval from the relevant European Union and US
 regulatory authorities, its subsidiary Mannesmann AG ("Mannesmann") has
 completed the disposal to Siemens AG ("Siemens") of a 50% plus 2 shares stake
 in the Atecs Mannesmann engineering and automotive businesses.
     In respect of the remaining stake in Atecs Mannesmann a payment of between
 EUR 3.657 billion and EUR 3.807 billion is to be made upon the exercise of
 certain options by Mannesmann or Siemens, which can be exercised by 31
 December 2003.
 
 SOURCE  Vodafone Group Plc