latest news releases from the newsroom
Song Networks Holding
UNINETT buys telephony from Song Networks
STOCKHOLM, Sweden, Nov. 18, 2003 (PRIMEZONE) -- Song Networks Holding AB's (Stockholmsborsen:SONW) announces today that the Norwegian subsidiary has entered into an agreement with UNINETT for the supply of telephony services to the Norwegian university and polytechnic sector. The contract extends for four years and has a value of around NOK 100 million.
OMHEX assigned A+ Credit Rating by Standard & Poor's and establishes Swedish commercial paper program
STOCKHOLM, Sweden, Nov. 18, 2003 (PRIMEZONE) -- OM HEX AB ("OMHEX") announces today that Standard & Poor's have assigned OMHEX its A+ long-term and its A-1 short-term counterparty credit rating. In addition, Standard & Poor's also assigned its 'K-1' Nordic scale short-term rating to OMHEX. OMHEX also announces that it is establishing a Swedish krona commercial paper program, where SEB Merchant Banking has been appointed as Arranger. OMHEX has also mandated SEB Merchant Banking to arrange a syndicated revolving credit facility including a five-year tranche and a 364-day tranche. The facility, which is in documentation phase, has been well received by the market and is expected to be signed in mid December 2003.
Nomination of board members of Atlas Copco AB for the Annual General Meeting 2004
STOCKHOLM, Sweden, Nov. 18, 2003 (PRIMEZONE) -- In accordance with a decision taken at the Annual General Meeting of Atlas Copco AB on April 28, 2003, this is to announce the names of the representatives of four of the largest shareholders, who together the Chairman of the Board, Sune Carlsson, will work out a proposal for a Board of Directors, to be submitted to the Annual General Meeting 2004 for decision.
Metro launches new edition in Spain
BERTRANGE, Luxembourg, Nov. 18, 2003 (PRIMEZONE) -- Metro International S.A. ("Metro"), the international newspaper group, today announced that it has launched its fifth edition in Spain and become the largest newspaper in Spain with a daily circulation of over 600,000 copies. The 29th edition of Metro has been launched today in the city and region of La Coruna, which has a population of one million inhabitants and is Spain's fourth largest advertising market with annual newspaper advertising spend of approximately US$ 100 million.
KLIPPAN AB -- reduced costs
KLIPPAN, Sweden, Nov. 18, 2003 (PRIMEZONE) -- The work towards lowering costs and reducing losses within KLIPPAN AB is currently considered to be leading to a reduction in staffing levels at the various mills totalling 150 persons. The reduction represents a cost reduction of some MSEK 50. Local negotiations in accordance with the Law on co-determination at work will start shortly at the mills.
Karo Bio Will Consolidate Research Operations to Sweden
HUDDINGE, Sweden, Nov. 18, 2003 (PRIMEZONE) -- Karo Bio has decided to reduce its presence in North Carolina USA. Technologies, key projects and other research activities will be transferred immediately. The consolidated research organization will be located at the Company's headquarters in Huddinge, Sweden. Through this action, Company headcount will be reduced by 26 to reach 100 persons.
Artimplant's Surgical Suture Cleared by FDA
STOCKHOLM, Sweden, Nov. 18, 2003 (PRIMEZONE) -- Artimplant has its first product cleared by FDA. The company's Artelon(TM) Surgical Suture has been approved for marketing in the US. The decision was announced late Monday night.