latest news releases from the newsroom
TietoEnator and Finnish Insurance Data Ltd. have Developed a Common Claim System for Insurance Companies
ESPOO, Finland, Oct. 30, 2002 (PRIMEZONE) -- TietoEnator (Other OTC:TTNTF)and Finnish Insurance Data have implemented a common claim system for non-life insurance companies. This project was started by the Federation of Finnish Insurance Companies and includes Finnish non-life insurance companies. The system is taken into use during October 2002. The first phase includes the five biggest insurance companies. Later the system will be taken into use in almost all non-life insurance companies in Finland.
Olli Vaartimo to Become Metso's Executive Vice President and CFO as of May 1, 2003
HELSINKI, Finland, Oct. 30, 2002 (PRIMEZONE) -- Metso Corporation's (NYSE:MX) Board of Directors has appointed Olli Vaartimo (52), M.Sc. (Econ), as the Corporation's Executive Vice President, CFO and Deputy to the President. Vaartimo will start in this position by May 1, 2003. Olli Vaartimo is currently President of Metso Minerals. Prior to his current position, he was Executive Vice President of Rauma Corporation from 1991 and President of Rauma Corporation's Nordberg Group from 1993. Vaartimo joined Rauma-Repola in 1974.
KLIPPAN Expands in the United Kingdom
KLIPPAN, Sweden, Oct. 30, 2002 (PRIMEZONE) -- KLIPPAN (Stockholm:KLIP) has agreed with Inveresk PLC (Other OTC:IVSKF) to take over the business in the Caldwells mills in Scottland. Caldwells is a producer of graphical white and colored paper. KLIPPAN will increase its turnover by MSEK 300 to MSEK 1,900 annually as a consequence of this acquisition. The KLIPPAN Group will strengthen its already leading position for coloured paper in Europe and will double the Group sales in the United Kingdom. The takeover will take place as of October 30, 2002.
Precise Biometrics AB
Precise Biometrics Carries Out a New Issue of Shares with Preferential Rights for the Shareholders
LUND, Sweden, Oct. 30, 2002 (PRIMEZONE) -- The board of directors of Precise Biometrics AB (publ) (Other OTC:PBMTF) (Stockholm:PRECa), has on October 29, 2002 adopted a resolution on a new issue of shares with preferential rights for the shareholders of the company, in accordance with the authorization granted to the board by the annual shareholders' meeting on April 16, 2002. The company will, provided that the issue will be subscribed in full, be provided with capital in an amount of approximately SEK 31.7 million, before costs related to the issue. The terms of the issue are 2:1, to the issue price of SEK 4 per share. Approximately 45 per cent, 1 of the amount of the issue, is deemed to be guaranteed based on that a number of major shareholders, the majority of the board members and the management of the company, have each declared their intentions to subscribe for shares corresponding to at least their respective portions of the issue.