latest news releases from the newsroom
Industrivarden has sold its entire shareholding in Skandia
STOCKHOLM, Sweden, Dec. 19, 2003 (PRIMEZONE) -- Industrivarden has sold its entire shareholding in Skandia. The sale has taken place successively since Industrivarden's last reporting date on October 29, 2003, at which time its holding amounted to 48,846,800 shares, corresponding to 4.6% of the votes and capital. The holding was sold at an average price of approximately SEK 26 per share, corresponding to a capital loss of SEK 1,510 M. The net asset value calculation in Industrivarden's interim reporting is based on the current market value of listed holdings. The change in the value of the Skandia holding has thereby successively impacted published net asset value figures.
Tripep is granted loan remission by Industrifonden
HUDDINGE, Sweden, Dec. 19, 2003 (PRIMEZONE) -- Tripep has received remission of half the loan of SEK 20 million from Industrifonden. As announced earlier, Tripep had applied for remission of the SEK 20 million loan that the company took in 2000 for development of the GPG project, on the basis of the negative results of the CTN002 clinical study with GPG. According to the loan agreement, it was possible for Industrifonden to grant remission wholly or partly of the debt of the borrower if Industrifonden found that the results from the project were wholly or partly unusable in the borrower's business operations.
Billerud signs agreement to aquire Henry Cooke Ltd.
STOCKHOLM, Sweden, Dec. 19, 2003 (PRIMEZONE) -- Billerud has signed an agreement to acquire the British paper making company Henry Cooke Ltd. The agreement is subject to approval by the British competition authority OFT. The price for the capital employed is around MSEK 200.
Intrepid Technology and Resources, Inc.
Intrepid Makes Major Announcement on Gold Property
IDAHO FALLS, Idaho, Dec. 19, 2003 (PRIMEZONE) -- Intrepid Technology and Resources, Inc. (ITR) a renewable energy company (OTCBB:IESV) has engaged the services of Wiley Consulting Associates, LLC (WCA) of Englewood, Colorado to provide a comprehensive evaluation of ITR's gold properties located in western Montana. The evaluation will include the Garnet gold property, which contains an estimated 450,000+ oz., of gold.
MSSI-TeleScience International Inc.
MSSI-TeleScience International Seeking Acquisitions In Homeland Security Market
VIENNA, Va., Dec. 19, 2003 (PRIMEZONE) -- MSSI-TeleScience International Inc., (OTCBB:MSSI), a provider of medical personnel, homeland security products and technology services to federal, state and local government agencies, announced today that it is actively pursuing acquisitions in the homeland security sector of its business. The Company is reported to be in the early stages of discussions with other providers of homeland security products and is seeking additional acquisition opportunities.
Kungsleden to build new retirement home
STOCKHOLM, Sweden, Dec. 19, 2003 (PRIMEZONE) -- The Swedish property company Kungsleden AB (publ) is to build a retirement home of approximately 3000m2 in collaboration with the Municipality of Halmstad.