Royal KPN gets stativ from investors

Article Abstract:

Royal KPN NV, a telecommunications firm based in the Netherlands, is losing some of its investors interest as its share prices drop by 30% in September 1998. The drop in share value has been attributed to the recommendation set by the OPTA, an independent regulator, calling for KPN to lower its local telephone rates by 25% in 1999 and local rates in the Netherlands by between 25% and 33% in the next three years. KPN Chairman Wim Dik said the OPTA recommendation would reduce KPN's operating profit by up to $575.9 million or up to 1.1 billion guilders. Meanwhile, analysts expect KPN stock prices to continue its decline in the future.

Comment:

Is losing some of its investors interest as its share prices drop by 30% in 9/98

Wired Telecommunications Carriers, Telephone Communications, Telephone services, Royal KPN N.V.

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TPG awaits delivery of its new stock

Article Abstract:

TNT Post Group, the operating name of the postal service of the Netherlands, will have its stocks listed and independently traded starting on Jun. 29, 1998. TNT Post Group will cease to be traded as a component of Koninklijke PTT Nederland NV. Shares of TNT Post Group's stock are projected to have a starting trading price of $17, or approximately f35. TNT Post Group is expected to raise between f21.1 billion and f16.1 billion at an expected per-share price range of f45 to f35.

Comment:

Will have its stocks listed and independently traded starting on 6/29/98

Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Postal Services, Postal service, TNT Post Group

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Pakhoed, Van Ommeren agree, finally, to merge

Article Abstract:

Pakhoed NV and Van Ommeren NV announced that they have reached an agreement on a merger of their two companies. The announcement comes one year after their previous merger attempts collapsed as a result of regulatory issues. Both storage tank and shipping rivals will attempt to form the leading chemicals-storage and shipping firm in the world. Both Pakhoed and Van Ommeren saw the need to expand their scale and lower costs. The new group will be named Vopak.

Comment:

Merger of Pakhoed and Van Ommeren to create co

Acquisitions & mergers, Organizational history, Ship Building and Repairing, Shipbuilding & Repair, Chemicals Whsle, Chemical and Allied Products Wholesalers, Mergers, acquisitions and divestments, Wholesale industry, Wholesale trade, Abstract, Chemical industry, Shipbuilding industry, Chemical wholesalers, Pakhoed NV, Phs. Van Ommeren N.V., Royal Vopak

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