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25 July 2003 - E.ON Energie and Ruhrgas today concluded agreements to sell their respective 22 per cent shareholdings in Bayerngas to the municipal utilities of Munich, Augsburg, Regensburg, and Ingolstadt and to the city of Landshut for an undisclosed price.

Under the terms of the ministerial approval in the E.ON-Ruhrgas case, the transaction must be cleared by the German Federal Ministry for Economics and Labor. The deal must also be approved by the supervisory boards of the companies involved.

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