latest news releases from the newsroom
H & M Hennes & Mauritz
H&M to Open Stores in Portugal
STOCKHOLM, Sweden, Oct. 25, 2002 (PRIMEZONE) -- H&M Hennes & Mauritz AB has signed a contract for the first store in Portugal. The large store, which will carry the full product range, is in central Lissabon and is due to open in spring 2003.
Swedish Competition Authority Approves TietoEnator's Take-over of Ericsson Product Development Operations
ESPOO, Finland, Oct. 25, 2002 (PRIMEZONE) -- The Swedish Competition Authority has approved TietoEnator's take-over of Ericsson's development operations in Karlstad, Lulea, Umea and Skelleftea in Sweden. The partnership agreement was announced on September 26 and means that TietoEnator takes over approximately 860 employees involved in Ericsson's customer related software development and maintenance for mobile and fixed systems. The transfer of the operations is planned to take place on November 1, 2002. TietoEnator thereby consolidates its position as the Nordic regions' leading provider of research and development (R&D) services for the telecom industry. The employees concerned will be transferred to a new business unit within TietoEnator Telecom & Media, Sweden, and will constitute a strong competence basis for TietoEnator's further activities within the telecom area.
Kinnevik: Press Release and Disclosure of Substantial Shareholding
STOCKHOLM, Sweden, Oct. 25, 2002 (PRIMEZONE) -- Industriforvaltnings AB Kinnevik (pub) (org.nr 556001-9035) (Nasdaq:KVIKA) (Nasdaq:KVIKB) with subsidiaries, today announced that it has purchased 1,630,897 B-shares in Tele2 AB (pub) (org nr 556410-8917) (Nasdaq:TLTOA) (Nasdaq:TLTOB) from Millicom International Cellular S.A. with subsidiaries.