Sweden's AssiDomaen plans to spin off forest assets sooner than expected

Article Abstract:

AssiDomaen AB plans to spin off its forest assets to shareholders in 1999. The move is in line with Sweden's minister of trade and industry's need to acquire some of the company's main forest assets, since the government controls 50.2% stake in the company. Under the plan, the state will launch a public offering for the shares in the new company, called Vasaskog. This will be after the shares have been distributed to AssiDomaen shareholders and listed in Stockholm. Meanwhile, the new company will have 900,000 hectares of productive land.

Comment:

Plans to spin off its forest assets to shareholders in 1999

Sweden, Forestry, Forestry and Logging, Assidomaen AB

---

Veba confirms plan to sell unit's 9% stake in Iridium

Article Abstract:

Veba AG, a utility group based in Germany, confirmed that its telecommunication unit o.tel.o will sell the 9% stake in Iridium, a mobile-phone group. With the sale, Veba Spokesman Kay Baden said the company will free itself from the costs associated from the explosion of the Iridium group's satellite launch. Baden also confirmed that US-based BellSouth Corp.'s 25% interest in mobile-phone operator E-Plus is being eyed by o.tel.o. Veba owns 60.3% of E-Plus, while Vodafone Group PLC controls 17.2%.

Comment:

Will sell its 9% stake in Iridium, a mobile-phone group, says parent Veba AG

France, Cellular and Other Wireless Telecommunications, Mobile Radio Services, Parent-to-subsidiary activities, Wireless communications services, Veba AG, Iridium S.A., o.tel.o

---

Similar abstracts:

• Abstracts: The end of megalomaniac plans Eureka - the history of a project. Forced to dismiss
• Abstracts: SHKP freezes Castello flat prices shkp loses bid to build offices on site Thomas Cook, SHKP team up at airport
• Abstracts: Electronics giants square off over videodisk standards. The world's 25 largest securities firms. The world's largest banks

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.