latest news releases from the newsroom
Intentia Signs Deal with World-Leading Candy Manufacturer HARIBO
STOCKHOLM, Sweden, Sept. 09, 2003 (PRIMEZONE) -- Intentia International AB (publ) (XSSE:INTB) (Other OTC:IAINF) today announces that Intentia in Germany has signed a strategic deal with HARIBO, the world's leading supplier and manufacturer of fruit gums, liquorices and candy foam. As a first step, HARIBO will implement Movex, Intentia's leading Java-based collaborative enterprise application, at its U.K. operations in Dunhills.
Saab Aerospace to shed 272 personnel
LINKOPING, Sweden, Sept. 9, 2003 (PRIMEZONE) -- Negotiations between Saab Aerospace and the trade unions are now complete. Of the 350 people given notice on 4 June this year, 272 employees will leave the company. Of these, 23 are being offered retirement pension.
GOTHENBURG, Sweden, Sept. 9, 2003 (PRIMEZONE) -- As result of Bure's (Other OTC:BRVVF) sale of 9.332.800 Teleca shares the company has reduces its ownership to 0 per cent of votes and capital. After the sale, Bure's holding amounts to 0 shares.
Frontline Capital adjustments
HAMILTON, Bermuda, Sept. 09, 2003 (PRIMEZONE) -- Employees of Frontline (NYSE:FRO) have exercised options to acquire a total of 1,999 shares in Frontline. All shares have been acquired at a strike price of USD 8.60 per share. Total proceeds were USD 17,191.40.
Bure sells its holding in Teleca and strengthens its balance sheet
GOTHENBURG, Sweden, Sept. 9, 2003 (PRIMEZONE) -- Bure (Other OTC:BRVVF)has sold its entire shareholding in Teleca which comprises 9,332,800 shares, equivalent to 15.8 per cent of capital and 14.4 per cent of votes. Buyers are institutional investors inside and outside Sweden. As a result of the sale, Bure strengthens its liquidity and reduces its net debt by approximately SEK 220M. The sale generates an exit gain of more than SEK 50M. The amounts relate to the situation after the remaining undertakings and financing matters linked to Bure's original acquisition of Teleca have been settled.
Billerud in negotiation with Barloworld to acquire Henry Cooke
STOCKHOLM, Sweden, Sept. 09, 2003 (PRIMEZONE) -- Billerud AB (publ) (Other OTC:BLRDF)(Other OTC:BLRDY)is negotiating to acquire British paper making company Henry Cooke Ltd from international industrial brand management company Barloworld Limited the two companies said today in a joint announcement. The acquisition process has commenced and a Letter of Intent has been signed. The Process is expected to be completed before the end of this calendar year. The expected purchase price is approx MSEK 230 (MGBP 17.5) on a debt free basis corresponding to book value.
NeoNet Signs Final Acquisition Agreement to Acquire Lexit
STOCKHOLM, Sweden, Sept. 09, 2003 (PRIMEZONE) -- NeoNet, an international agency brokerage providing efficient electronic equity execution services for the institutional investor industry, today announced that NeoNet, Lexit Financial Group, Inc. and shareholders representing 68% of votes and capital in Lexit have signed the final agreement for NeoNet's acquisition of Lexit Financial Group, Inc.'s in accordance with the previously announced Letter of Intent.
Akzo Nobel announces investment in Expancel factory in Sweden
ARNHEM, Netherlands, Sept. 09, 2003 (PRIMEZONE) -- Akzo Nobel (Other OTC:AKZOF)(Nasdaq:AKZOY) is investing an undisclosed amount in its Industrial Products plant in Stockviksverken, Sweden, which will be used to increase the production capacity of Expancel(R) expandable microspheres. The product has various uses in numerous applications, such as acting as a lightweight filler (tennis balls and shoe soles) and increasing friction (anti-slip coatings).
Precise Biometrics AB
Precise Biometrics' President and CEO testifies on biometrics and smart cards in the US Congress
LUND, Sweden, Sept. 09, 2003 (PRIMEZONE) -- Precise Biometrics' (Other OTC:PBMTF) President and CEO, Christer Bergman, has been invited to testify at an oversight hearing on "Advancements in Smart Card and Biometric Technology," in the US Congress House of Representatives' Government Reform Committee's Subcommittee on Technology, Information Policy, Intergovernmental Relations and the Census. Christer Bergman will represent the biometrics and smart card industries at the hearing, which will take place today, September 9, in Washington D.C.