latest news releases from the newsroom
Capio Sells U.K. Real Estate Portfolio
GOTHENBURG, Sweden, June 12, 2002 (PRIMEZONE) -- Capio AB has sold the U.K. real estate portfolio to Nikko Principal Investments Limited. Capio has also entered into an associated leaseback to allow it to continue to operate its business from these properties. Capio receives GBP 250 M and will retain a 20 per cent stake in the real estate portfolio. The proceeds will be used to repay the existing syndicated debt facility. This will leave the Capio Group with no long-term debt.
Framfab Launches New Portal for 3M
STOCKHOLM, Sweden, June 12, 2002 (PRIMEZONE) -- Framfab in Germany launched a new portal for advertisors in collaboration with 3M Deutschland GmbH and selected partners to 3M. www.scotchprint.de displays for advertisers through image and text the wide potential for effective outdoor advertising, for example on vehicles, flooring and facades.
Intentia Comments on Certain Information in the Media About Q1 Cashflows
STOCKHOLM, Sweden, June 12, 2002 (PRIMEZONE) -- Intentia International AB (publ) (XSSE:INTB). In light of erroneous media reports about the Intentia's cash flow situation, Intentia wants to make the following clarification. In issue no.23, the Swedish publication Affarsvarlden published an article that compared, in terms of liquidity, the financial situations of a selection of the IT companies listed on the Stockholm Stock Exchange. The article generated a great deal of attention and was cited by a variety of other media sources.
Ericsson Sells Microelectronics to Infineon Technologies
STOCKHOLM, Sweden, June 12, 2002 (PRIMEZONE) -- Ericsson (Nasdaq:ERICY) has today signed an agreement to sell its microelectronics operation Ericsson Microelectronics to Infineon Technologies AG (NYSE:IFX). The deal is expected to be closed during this summer and the value of the deal is approximately EUR 400 million (SEK 3600 million) in a sharebased deal. By this action, Ericsson and Infineon form a long-term strategic partnership. The discussions between Ericsson and Infineon confirmed on Friday, June 7, has resulted in this deal, which is in line with the ongoing process at Ericsson to focus towards its core business of providing systems and services for telecom operators. The agreement creates a strong supplier and partner to Ericsson in a wide range of products to secure the supply of important components to Ericsson's systems and mobile applications.
Franklin Resources Inc.'s Holdings in Metso
HELSINKI, Finland, June 12, 2002 (PRIMEZONE) -- Metso Corporation (NYSE:MX) has been informed about the holding of the funds managed by Franklin Resources, Inc. of the paid up share capital of Metso Corporation. The funds managed by Franklin Resources, Inc. owned Metso's shares and ADR's on June 10, 2002 as follows
Frontline: Mandatory Notification of Trade
HAMILTON, Bermuda, June 12, 2002 (PRIMEZONE) -- Frontline (NYSE:FRO) has, based on the Stock Indexed Total Return Swap Programme with Nova Scotia Group (Scotia), been informed that the latter through market purchases executed today has acquired 60,000 Frontline common shares. The shares have been acquired at an average price of NOK 89.09.