Nordic: some powerful alliances

Article Abstract:

The Estonian government has started talks concerning the sale of state energy plants Eesti and Balti in 1999. The European Commission has placed some restrictions on the merger between Enso and Stora. The new forestry firm will have sales worth 6.7 billion pounds sterling. Takeover activity in the Nordic banking industry was been slow in 1998. Norwegian bank Fokus is being acquired by Den Danske Bank. Its main rival, Svenska Handelsbanken, is looking for banks in Denmark and Norway. About 22% of the telecommunications firm Sonera has been sold for 831 million pounds sterling.

Finland, Sweden, Norway, Baltic States

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Poland: sweet smell of success

Article Abstract:

Foreign investors have been increasingly interested in investing in Polish companies due to the privatisation of state owned companies and new investment opportunities. Although some Poles are concerned over foreign ownership of their well known brands. Some 70% of the Polish confectionary market is owned by foreign firms. It is anticipated Cadbury Schweppes will purchase chocolate manufacturer E. Wedel for $76.5 million from PepsiCo. Mars invested in Poland, during 1992, by building a $125 million factory. Nestle (Switzerland) invested $300 million in Goplana during 1998.

Chocolate and Confectionery Manufacturing from Cacao Beans, Confectionery Products, Candy & other confectionery products, Industry Overview, Candy, Chocolate industry

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Deals under construction

Article Abstract:

The authorities, in Ukraine, have made some moves to stop the unfair treatment of foreign shareholders. They have introduced a new law allowing shareholders to purchase any newly issued shares. Many foreign shareholders had experienced asset stripping and share dilution following their investment in Ukrainian companies. It is anticipated the merger between the Polish construction firms of Budimex and Exbud will go ahead. The management hope the merged company will be able to successfully compete with foreign competition.

All Other Heavy Construction, Construction NEC, Acquisitions Analysis-Foreign, Construction industry, Construction, Ukraine, Foreign business enterprises, Exbud, Budimex

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