Recticel quitte le giron de la SGB/
Article Abstract:
Soci t G n rale de Belgique (SGB) should earn some BFr 500mn from selling the most of its share in the capital of Recticel, the Belgian polyurethane foam manufacturer. The operation will be performed at a price of BFr 355 per ordinary share and BFr 391 per privileged share when the Recticel stock quoted BFr 486 and BFr 496 respectively, on 7 July 1998. The operation will allow the Rec-Hold holding company to take 55% of Recticel from SGB (an operation worth BFr 5.6bn), plus an option on another 5% to be performed before 30 September 1998. The management of Recticel will be allowed to take another 5% from SGB, at the same prices. This will leave SGB with 5% of the capital of Recticel from 70% today while the general public will maintain its 30% share.
Comment:
Expects to earn some BF500 mil from selling most of share in capital of Recticel
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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Les coles bruxelloises l'heure de l'informatique
Article Abstract:
In the first phase of a government multimedia plan, 130 Brussels Secondary schools will be supplied with IT equipment and connected to the Internet. The BFr 300mn project is expected to eventually lead to the connection of 172 secondary schools between 1998 and 1999, and 400 primary schools between 1999 and 2000. The CIRB, the computer centre for the Brussels region has been made responsible for the training of a 'resource assistant' for each school. In the first phase of the plan, 1,400 PC's have been ordered from a German firm costing BFr 40,000 each. Internet connection will be charged at BFr 2,000 per school per month for 24 hour usage.
Comment:
Belgium: Around 130 Brussels Secondary schools will be supplied with IT equipment and connected to the Internet
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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