latest news releases from the newsroom
Saxo Bank A/S
Capital from Deutsche Bank Strengthens Saxo Bank's Growth
GENTOFTE, Denmark, June 19, 2003 (PRIMEZONE) -- Euro 10m in subordinated loan capital from Deutsche Bank gives Danish Saxo Bank further room to continue their international growth."We're growing fast and in order to ensure that we can maintain this growth without having to raise additional share capital, we have secured this subordinated loan. If our growth was simply allowed to continue at the present rate, we could in principle risk having to restrict the number of new clients and partners coming onboard due to the risk that the bank's solvency ratio will fall as a result of the increased trading activity to unacceptable levels" reported Kim Fournais, Saxo Bank's Joint Chief Executive.
Ableauctions Defines its Objectives
VANCOUVER, British Columbia, Canada, June 19, 2003 (PRIMEZONE) -- Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that it anticipates a sharp increase in Internet traffic on its systems and servers as a result of the launch of its new auction technology. The Company intends on installing a secondary bank of servers in one of three proposed states to enable it balance the increased load and schedule the broadcast of several auctions simultaneously.
NCC to Build Terminal for Hurtigrutten in Bergen for SEK 98 Million
SOLNA, Sweden, June 19, 2003 (PRIMEZONE) -- NCC Construction in Norway has concluded an agreement with Bergen og Omland Havnevesen (Bergen's harbor authority) regarding the construction of a new passenger terminal in Jekteviken, Bergen, for Norway's Hurtigrutten coastal shipping line. The order is worth approximately SEK 98 million (NOK 90 million).
Proha: Artemis International Solutions Corporation Settles Shareholder Lawsuit
HELSINKI, Finland, June 19, 2003 (PRIMEZONE) -- Proha Plc's subsidiary Artemis International Solutions Corporation (AISC) has signed an agreement for the settlement and release of all claims against AISC in the class action complaint filed against Opus360 Corporation in April 2001. The AISC's insurer will cover substantially all of the USD 550,000 in total settlement costs. The settlement is subject to approval by the United States District Court for the Southern District of New York.
Norsk Hydro Prepares Public Listing of Agri
OSLO, Norway, June 19, 2003 (PRIMEZONE) -- Norsk Hydro's (NYSE:NHY) Board of Directors decided today to begin preparations for establishing Agri as a separate Norwegian-based company listed on the Oslo Stock Exchange. The Hydro group will in the future concentrate its operations fully on the business areas Oil & Energy and Aluminium. The decision follows a comprehensive review of the portfolio with a view to continuing the highest possible value creation for the company and its shareholders.