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Egyptian President Hosni Mubarak Resigns (Text of Statement)

Feb. 11 (Bloomberg) -- Hosni Mubarak stepped down as president of Egypt and handed power to the military, bowing to the demands of protesters who have occupied central Cairo for the past three weeks demanding an end to his 30-year rule.

The 30-second statement on state television was read by Vice President Omar Suleiman at 6:02 p.m. local time:

“Citizens, in these difficult circumstances that our country is going through, President Hosni Mubarak has decided to relinquish the office of the presidency and has instructed the Supreme Council of the armed forces to take over the affairs of the country.”

To contact the reporters on this story: Zainab Fattah in Dubai at zfattah@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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