latest news releases from the newsroom
Futuremedia Plc Completes Acquisition of Professional Services Company C2W Limited
ARUNDEL, U.K., May 31, 2002 (PRIMEZONE) -- E-learning and knowledge management solutions provider Futuremedia Plc (Nasdaq:FMDAY) today announced that the shareholders of C2W Limited have unanimously approved the acquisition of their company by Futuremedia.The C2W professional service business will complement Futuremedia's core business and enhance the company's position as a single source provider of knowledge management systems and e-learning solutions.
Sale of Skandia Asset Management Completed
STOCKHOLM, Sweden, May 31, 2002 (PRIMEZONE) -- The sale of Skandia Asset Management to Den norske Bank (DnB), which was announced in a press release on 8 January 2002, was completed today after receiving all necessary regulatory approvals. The purchase price was SEK 3.2 billion, generating a capital gain of approximately SEK 2 billion.
Sale of Properties in Sweden Generates Gain of SEK 430 Million
SOLNA, Sweden, May 31, 2002 (PRIMEZONE) -- NCC has entered into an agreement to sell 40 properties in Sweden to Whitehall Street International Real Estate Limited Partnership 2001 and certain affiliated funds (Whitehall Funds). The Whitehall Funds are real estate investment funds managed by Goldman Sachs International. The purchase price of SEK 3,950 million will generate a gain of SEK 430 million for NCC. The sale will affect earnings during the second quarter of 2002.
Munters Restores After Plane Crash
STOCKHOLM, Sweden, May 31, 2002 (PRIMEZONE) -- Munters has received the assignment to help in the restoration of the Pirelli tower in Milano, Italy. On the 18th of April a tourist plane accidentally crashed into the tower damaging two floors of the building.
Allgon Awarded Major 3G-Repeater Agreement in Asia
TABY, Sweden, May 31, 2002 (PRIMEZONE) -- Allgon, a global supplier of radio-based infrastructure solutions, has been appointed 3G repeater supplier for a UMTS network in Hong Kong by an international mobile operator. The agreement is the first of its kind, including extensive use of repeaters at an early stage of a UMTS network deployment. The contract confirms Allgon's position as a leading supplier of infrastructure for third generation networks."The contract is very important to Allgon. It is a major agreement showing the benefit and the cost efficiency of repeaters used as an integrated part of the network extension", said Jeff Bork, CEO Allgon.
Largest Scandinavian Media Property Bonnier Increases Stake in Leading Content Management Vendor
STOCKHOLM, Sweden, May 31, 2002 (PRIMEZONE) -- Bonnier, Scandinavia's leading media property, has increased its shareholding in Scandinavia's number one content management vendor Polopoly. Bonnier, with a ten percent stake in the software developer since March 2000, increased its ownership to 17.8 percent at this year's AGM. At the same time, Mr. Lars Save, CEO of Bonnier Business Information, was elected to the Board of Directors.