latest news releases from the newsroom
Basic Capital Management
Basic Capital Management Employees Host Play Day for Children at Nexus
DALLAS, June 7, 2002 (PRIMEZONE) -- Employees of the Dallas-based real estate investment firm Basic Capital Management, Inc., one of the Gene Phillips companies, are hosting a morning of crafts, games and activities for the children of women undergoing substance abuse treatment at Nexus Recovery Center, Inc. in east Dallas on Saturday, June 8, 2002, from 10 a.m. to 12:30 p.m.
Ratos Sells its Esselte Holding
STOCKHOLM, Sweden, June 7, 2002 (PRIMEZONE) -- Ratos has sold its entire holding of 5,163,207 Class A shares and 611,600 Class B shares, corresponding to approximately 33% of the votes and approximately 17% of the capital, in Esselte. The buyer is the US private equity fund J.W. Childs, which last week announced its bid for all of Esselte.
J.W. Childs Acquires Ratos' holding in Esselte
STOCKHOLM, Sweden, June 7, 2002 (PRIMEZONE) -- J.W. Childs Acquisition Sweden AB ("JWCA") has given notice to exercise its option to acquire Ratos' entire shareholding in Esselte. After the exercise, JWCA will own 5,163,207 Series A shares and 611,600 Series B shares, which in aggregate represents 16.9 per cent of the share capital and 32.9 per cent of the votes in Esselte. JWCA did previously not own any shares in Esselte.
Telia Secures Traffic for KPN's Clients in Scandin
STOCKHOLM, Sweden, June 07, 2002 (PRIMEZONE) -- After a rapid turn of events, it today became clear that Telia International Carrier steps in to secure connectivity for several of KPN's clients in Scandinavia. The deal concerns securing data and voice traffic for several multinational corporates throughout the region. KPN turned to Telia IC only last week with a request that was met by speedy action and the deal was finalised and capacity was delivered within two days.
NCC Leaves Snohvit Project
SOLNA, Sweden, June 7, 2002 (PRIMEZONE) -- In February this year, Statoil and NCC Norway signed a declaration of intent regarding work connected to the Snohvit project in Norway. Due to delays in starting up this project, the agreement has now been canceled, since NCC and Statoil have not been able to agree on a new price.