AEG TO REORGANIZE ENERGY BUSINESS
Electrical engineering group AEG AG
<AEGG.F>, in which Daimler-Benz AG <DAIG.F> has a majority, is
reorganizing its energy business, AEG said in a statement.
    AEG will invest 250 mln marks over the next three years in
a new turbines, electrical machinery and power station plant
division, which will include its <AEG Kanis GmbH> subsidiary.
    The investment includes a new turbine factory for AEG Kanis
in Essen, and the restructuring of AEG's Nuremberg works into a
specialized components and rotor factory.
    The project is part of the Daimler group's energy
technology strategy, AEG said.
 Reuter
