latest news releases from the newsroom
Frontline: Compulsory Acquisition of Shares
HAMILTON, Bermuda, March 19, 2003 (PRIMEZONE) -- Frontline (NYSE:FRO) has, based on the Stock Indexed Total Return Swap Program with Nova Scotia Group (Scotia), been informed that the latter through market purchases executed today has acquired 150,000 Frontline common shares. The shares have been acquired at an average price of NOK 80.65.
VSM Group: Major Interest for Art Quilts in Paris
HUSKVARNA, Sweden, March 19, 2003 (PRIMEZONE) -- VSM Group: some of the world's most beautiful art quilts are currently on display at the Bibliotheque Fourney art library in Paris. Two of these quilts were created by textile artists Veronica Franka from Stockholm, and Bodil Vinke from Helsingborg.
Telenor sells Nextra Italy
OSLO, Norway, March 19, 2003 (PRIMEZONE) -- Telenor (Nasdaq:TELN) has entered into an agreement to sell Nextra Italy to the Italian quoted company Tiscali. The value of the transaction is Euro 2.4m (19m NOK), to be paid in new Tiscali shares. The sale is a result of Telenor's strategy to improve profitability through focus on core activites and markets.
NCC to Build Shopping Mall in Espoo, Finland, for SEK 690 Million
SOLNA, Sweden, March 19, 2003 (PRIMEZONE) -- NCC Construction Finland has been commissioned by Leppavaaran Liikekeskus to build the second phase of the Sello shopping mall in Espoo, just outside Helsinki. The assignment will be conducted in the form of a joint venture with Skanska Oy. The total order value is SEK 1,380 million (EUR 150 million), of which NCC's 50-percent share is worth approximately SEK 690 million (EUR 75 million).
Skanska to Build Shopping Center in Finland for SEK 1.4 billion -- Skanska's Share 50 Percent
STOCKHOLM, Sweden, March 19, 2003 (PRIMEZONE) -- In a consortium, Skanska (Other OTC:SKSBF) has been contracted for the construction management of the second phase of the Sello Shopping Center in Esbo, outside Helsinki, Finland. The contract is valued at a total of EUR 150 M, corresponding to SEK 1,380 M, of which SEK 690 M is Skanska's share. The contract is included in order bookings for the first quarter of 2003.
Scottish Power PLC
ScottishPower's Subsidiary PacifiCorp Files General Rate Case Request in Oregon
GLASGOW, United Kingdom, March 19, 2003 (PRIMEZONE) -- In line with its planned US regulatory strategy, ScottishPower (NYSE:SPI) announces that on March 18, 2003 that its PacifiCorp subsidiary filed a general rate case (GRC) request with the Oregon Public Utility Commission for approximately $58 million related to increased general costs, which include insurance, employee and retiree costs and other expenses.
Penford, Spectrum Control, Peerless Systems and American Safety Insurance Group Events to be Broadcast by Vcall Over the Internet
RICHMOND, Va., March 18, 2003 (PRIMEZONE) -- Penford Corporation (Nasdaq:PENX), Spectrum Control, Inc. (Nasdaq:SPEC), Peerless Systems Corporation (Nasdaq:PRLS), and American Safety Insurance Group, Ltd. (NYSE:ASI) will broadcast their investor communication events over the Internet, Vcall, a Service of WILink announced today.