latest news releases from the newsroom
Kinnevik: Acquisition of Shares In Millicom
STOCKHOLM, Sweden, June 17, 2005 (PRIMEZONE) -- Investment AB Kinnevik ("Kinnevik") today announced that it has disposed its convertible bonds in Millicom International Cellular S.A. ("Millicom") for the amount of SEK 219 million and acquired 1,616,940 shares in Millicom for the same amount. After the transaction, Kinnevik with subsidiaries hold 36,759,475 shares in Millicom, representing 37.2 % of capital and votes.
Tekoil & Gas Corporation
Tekoil & Gas Corporation/PEXCON, Inc. Announces Acquisition Update
THE WOODLANDS, Texas, June 17, 2005 (PRIMEZONE) -- Tekoil & Gas Corporation/PEXCON, Inc. (Pink Sheets:PXCN), an oil and gas exploration and production company, is pleased to announce that Mark Western, Chairman & CEO of Tekoil & Gas Corporation has been appointed Chairman & CEO of PEXCON, Inc. Mr. Western brings 15 years of global E&P experience to PEXCON, and will be leading a highly experienced oil and gas team, focused on the acquisition and development of oil and gas well assets throughout North America. The merger is being completed by Tekoil's legal counsel, and the company is preparing to list PEXCON on the Nasdaq OTC:BB.
GB&T Bancshares, Inc.
GB&T Bancshares, Inc. Named As One Of Georgia's Top 100
GAINESVILLE, Ga., June 17, 2005 (PRIMEZONE) -- GB&T Bancshares, Inc. (Nasdaq:GBTB) has been ranked in the top 100 of Georgia's top performing companies, making the state's top 100 list for the sixth consecutive year. According to the Atlanta Journal-Constitution's 12th annual Best of Business Section -- better known as the Georgia 100 -- GB&T Bancshares, Inc. (GB&T) ranked 64th and was one of 21 bank holding or financial services companies to make the list and the only company headquartered in Gainesville. This represents a significant improvement in the company's ranking, as GB&T ranked 82nd in 2004.
TeliaSonera Requests Interim Measures on Turkcell Holding Shares
STOCKHOLM, Sweden, June 17, 2005 (PRIMEZONE) -- On March 25, an agreement was announced in which Cukurova agreed to sell all its shares in Turkcell Holding to TeliaSonera for USD 3.1 billion (SEK 23.7 billion). Cukurova has thereafter refused to sign a final share purchase agreement. TeliaSonera believes that Cukurova is still required to complete the transaction and pursued legal actions to protect its rights.