Bure Equity: SandbergTrygg declares bankruptcy


GOTHENBURG, Sweden, July 9, 2004 (PRIMEZONE) -- Bure Equity: The Board of SandbergTrygg, wholly owned by Business Communication Group, has decided to file for bankruptcy. As an indirect result of the company's bankruptcy, BCG's parent company Bure Equity AB will record an impairment loss of around MSEK 15.

"In the past few months SandbergTrygg has suffered a sharp decrease in order bookings, creating a need for substantial capital infusion and structural changes. Despite intensive efforts it has not been possible to find a solution that would allow the company to continue operating its business. The Board of SandbergTrygg has therefore decided to file for bankruptcy," said Orjan Serner, Executive Vice President of Bure.

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