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EnBW: No flotation in first half of 2002
Ad-hoc announcement according to § 15 WpHG
Following a recommendation from the EnBW board, on Thursday, 24 January 2002, the supervisory board of EnBW Energies Baden-Württemberg AG decided that the company would not be floated in the first half of 2002.
In line with its overall financial strategy, EnBW intends to wait for the initial situation in the equity capital market to improve. In accordance with the terms of loan, the debenture bond issued in May 2001, with a postponed conditional conversion option into EnBW AG shares, will be repaid on 31 August 2002.