latest news releases from the newsroom
Changed Publishing Date for Interim Report, January-September 2005
STOCKHOLM, Sweden, Oct. 6, 2005 (PRIMEZONE) -- On account of the fact that the now-listed portfolio company Indutrade has decided to publish its Interim Report for the first nine months of 2005 on November 8, 2005, Industrivarden has decided to move the publication of its Interim Report for the period January 1 -- September 30, 2005 to November 8, 2005. Industrivarden's financial calendar for 2005/2006 is shown below.
Dow Jones Indexes
Dow Jones U.S. Select Dividend as Basis of Exchange-Traded Fund to Launch in Europe
NEW YORK, Oct. 6, 2005 (PRIMEZONE) -- Dow Jones Indexes, a leading global index provider, today announced that the Dow Jones U.S. Select Dividend Index will serve as the basis of an exchange-traded fund (ETF) expected to launch Friday on the Frankfurt Stock Exchange by Indexchange, the German investment company that specializes in ETFs. The index, which tracks the top 100 highest dividend-paying U.S. companies, is the first U.S. dividend-weighted index to serve as an underlying for investment products in Europe.
Changes in TeliaSonera's Nomination Committee
STOCKHOLM, Sweden, Oct. 6, 2005 (PRIMEZONE) -- At the annual general meeting 2005 of TeliaSonera AB (publ), the meeting decided to appoint Eva Halvarsson as representative of the Kingdom of Sweden, Samuli Haapasalo as representative of the Republic of Finland, KG Lindvall as representative of Robur Fonder, Bjorn Lind as representative of SEB Fonder and Tom von Weymarn in his capacity as chairman of the board, to be members of the Nomination Committee for the period up to and including the annual general meeting 2006.
BILIA OBTAINS COMPETITION AUTHORITY APPROVAL
Bilia AB has been informed by the Swedish Competition Authority that the
acquisition of the Stockholm-based Hyundai dealer Haglund & Hellberg Bil i
Haninge AB can go ahead.
Haglund & Hellberg Bil i Haninge AB has a turnover of approximately SEK 175 M
and the company’s operating margin is 1.7%. It has 32 employees.
As a result of this deal, the Bilia Group’s balance sheet is expected to
increase by around SEK 37 M, while it is anticipated that the impact on the
result after acquisition cost
New Road Safety Initiatives from Scania
SODERTALJE, Sweden, Oct. 6, 2005 (PRIMEZONE) -- Scania has decided to support the World Health Organisation (WHO) in its worldwide road safety efforts. Another initiative is that Scania will offer the supplementary driver training that will be mandatory for professional bus and truck drivers in the European Union from 2008 and 2009, respectively.
Biotage AB Acquires Separtis Holding AG for 1.4M Euros (13M SEK) and Completes EU Distribution Consolidation
STOCKHOLM, Sweden, Oct. 6, 2005 (PRIMEZONE) -- Biotage has acquired Separtis Holding AG, the Swiss, German and Austrian distributor for many Biotage products, formerly the Argonaut Technologies consumable product range. Under the terms of the agreement, Biotage will retain all current Separtis employees, assume the leased facilities in Grenzach-Wyhlen, and own all assets of Separtis, which is based in Grellingen, Switzerland with operating legal entities within Switzerland and Germany. The turnover of the company in 2004 was 1.6M (14.6M SEK) Euros and all revenues were comprised of Biotage-produced products. It is expected the acquisition should result in an annual revenue increase of 7.5M SEK.
Volvo Aero will Increase its Stake in the LM2500 Gas Turbine
GOTEBORG, Sweden, Oct. 6, 2005 (PRIMEZONE) -- Volvo Aero and General Electric Company (GE) have signed an agreement whereby Volvo Aero will increase its stake in the LM2500(r) industrial gas turbine. The total turnover for the additional agreement is estimated to about 1 billion SEK for Volvo Aero.