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ENSERCH PROVIDES UPDATE ON EBASCO SALE PROCESS

 DALLAS, Sept. 30 /PRNewswire/ -- ENSERCH Corporation (NYSE: ENS) announces that it is continuing to pursue alternative means for divesting its wholly owned engineering and construction subsidiary, Ebasco Services.
 ENSERCH previously had announced its expectation that it would conclude the process by the end of the third quarter. "We are disappointed that we were unable to conclude a sale on our original schedule," said David Biegler, ENSERCH chairman and president. "However, we have not wavered in our announced commitments to strengthen our balance sheet and focus our business activities on natural gas in order to maximize ENSERCH shareholder value. While achievement of these objectives would have been hastened by completion of a sale, they are not precluded by this delay.
 "It is premature to announce what steps we will take, but it is clear that we are committed to take those actions necessary to achieve our stated objectives and to press for a conclusion," Biegler added. "Ebasco is a world-class engineering and construction organization and the business of Ebasco will go on. We will do whatever we can to expedite an end to the uncertainty for Ebasco's customers and employees."
 -0- 9/30/93
 /NOTE TO EDITORS: Correct style is ENSERCH Corporation/
 /CONTACT: Crystal Bell of ENSERCH Corporation, 214-670-2528/
 (ENS)


CO: ENSERCH Corporation; Ebasco Services ST: Texas IN: OIL SU:

MP -- NY105 -- 7467 09/30/93 16:29 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
Words:228
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