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WHAT THE PAPERS SAY: FINANCIAL TIMES

NEWS STAND

China is planning to finance completion of its £15bn Three Gorges hydropower dam by offering shares on the domestic stock market and through a Hong Kong listing. Sceptics say the scheme will never show a return.

Bilfinger & Berger, Germany's second largest construction group is negotiating to take over the debt laden firm Hotzmann, which was rescued from bankruptcy by the German government two years ago.

Royal Bank of Scotland and Abbey National have won the battle for Wessex Water with an offer worth £1.2bn.

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