Kvaerner forges rescue plan with shareholder-rights issue

Article Abstract:

Kvaerner ASA has developed a rescue strategy that will stave off the need for bankruptcy. The company will implement a shareholder-rights issue worth three billion Norwegian kroner.

Securities issued, listed, Securities

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Kvaerner chooses board member as interim CEO

Article Abstract:

Kvaerner ASA has appointed Kristian Siem as its new interim chief executive officer (CEO). Siem is a member of the engineering firm's board of directors.

Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Chief executive officers, Siem, Kristian

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Yukos buys stake in Kvaerner as Russia forges westward

Article Abstract:

Yukos Oil Co. acquired a 10% stake in Kvaerner ASA. The deal is worth approximately Euro17 million at Thursday's market price.

Asset sales & divestitures, Acquisitions & mergers, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Russia, Mergers, acquisitions and divestments, Petroleum industry, Abstract, YUKOS Oil Co.

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