latest news releases from the newsroom
Teleca Establishes New Subsidiary in Nuremberg, Germany
MALMO, Sweden, April 4, 2003 (PRIMEZONE) -- Teleca has opened a new subsidiary, Teleca Systems GmbH, in Nuremberg Germany. At the same time Teleca has signed a new development agreement with Ericsson Mobile Platforms, which runs for a two-year period.
Pia Gideon Nominated to Observer's Board of Directors
STOCKHOLM, Sweden, April 4, 2003 (PRIMEZONE) -- Observer's (Other OTC:OBSEF) nominating group is proposing the election of Pia Gideon, Vice President External Relations at Ericsson, to the company's Board of Directors at this spring's Annual General Meeting. Pia Gideon, who has global responsibility for external contacts for the Ericsson Group, has previously worked as a PR consultant, business journalist and financial analyst.
Telenor Annual Report Available
OSLO, Norway, April 4, 2003 (PRIMEZONE) -- Telenor (Nasdaq:TELN) (Other OTC:TELNF) has today notified the Oslo Stock Exchange that Telenor's annual report is available in electronic format. The report may be found at http://www.telenor.com/ir/
New Executive Appointments at AvestaPolarit
STOCKHOLM, Sweden, April 4, 2003 (PRIMEZONE) -- Mr. Karri Kaitue, currently Executive Vice President in charge of strategy and business development at AvestaPolarit, has been appointed to succeed Pekka Erkkila as President of AvestaPolarit's Coil Products Division. He will continue as a member of the Outokumpu Executive Committee as before.
Skanska to Sell US Residential Development Unit Spectrum Skanska
STOCKHOLM, Sweden, April 4, 2003 (PRIMEZONE) -- Skanska (Other OTC:SKSBF) plans to sell Spectrum Skanska, its residential development business unit in the U.S. The sale is conditional upon the approval of the Annual General Meeting on May 6, 2003. The buyer is Spectrum Skanska's management.
Norsk Hydro ASA: Sales of Shares to Employees
OSLO, Norway, April 4, 2003 (PRIMEZONE) -- In connection with the sale of shares to employees of Norsk Hydro ASA (NYSE:NHY), under a general arrangement offered to employees in Norway, 68 percent of the employees entitled to the offer have subscribed, and have been allocated 26 shares each at NOK 223.92 per share. The total number of allocated shares is 235,768. The terms are according to Hydro's share purchase plan for employees in Norway. Norsk Hydro holds 8,400,350 own shares after this transaction.
Metsa Tissue Oyj
Metsa Tissue Acquires Majority Shareholding in Polish Tissue Products Converter Krapex
ESPOO, Finland, April 4, 2003 (PRIMEZONE) -- On April 2, 2003, Metsa Tissue Corporation acquired 38 percent of the shares of the Polish tissue products converter Krapex Sp.zoo, having previously received the necessary approval from the Polish competition authority and Poland's Ministry of the Interior. The price of the shares was EUR 0.8 million and was based on the (100%) debt-free value of the whole of Krapex, which is around EUR 3 million. Metsa Tissue already owned 47 per cent of the company, and the share acquisition now brings its interest in Krapex to 85 per cent. Krapex will be consolidated into Metsa Tissue's accounts with effect from April 2003.