Nedlloyd to sell unit to Deutsche Post

Article Abstract:

Koninklijke Nedlloyd NV said it was planning to sell its transport and distribution division in Europe to Deutsche Post AG for 1.18 billion guilders ($588.7 million). As a result of the announcement, Nedlloyd's share value increased 58%. Nedlloyd also reported a fall in net profit for the 1998 year to 64 million guilders from 1997's 72 million guilders. The company's share price rose to 18.95 euros ($20. 84) on March 18, 1999.

Comment:

Nedlloyd to sell transport and distribution division in Europe to Deutsche Post AG for 1.18 billion guilders ($588.7 million)

Asset sales & divestitures, Acquisitions & mergers, Netherlands, Mail & Express Services, Couriers, Deep sea foreign trans. of freight, Deep Sea Freight Transportation, Containerships, Courier services, except by air, Delivery services, Abstract, Container ships, Deutsche Postbank AG, Koninklijke Nedlloyd NV

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SEZ Holding posts net of 22.1 million euros for latest 9 months

Article Abstract:

SEZ Holding AG posted 32.7 million Swiss francs (22.1 million euros) in 2001 nine-month net profits. This is compared to 22 million francs during the same period in 2000.

Switzerland, Special industry machinery, not elsewhere classified, Semiconductor Production Equip, Semiconductor Machinery Manufacturing, Finance, Profit, Profits, Semiconductor production equipment industry, Semiconductor production equipment, SEZ Holding AG

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