Swedbank wins control of Hansapank

Article Abstract:

Swedbank, or ForeningsSparbanken of Sweden, is acquiring all shares in Hansapank of Estonia from its competitor Skandinaviska Enskilda Banken in a deal indicative of the reorganization of the banking system of the Baltic and Nordic regions. Swedbank Chief Executive Reinhold Geijer indicated that the deal made the ownership structure clearer for the benefit of the major Estonian bank Hansapank. Swedbank will actually receive around 18% of Hansapank in addition to its over 30% stake in the company to create around 200 million kronor, or $25.5 million, in capital gains.

Comment:

Is selling shares in Hansapank of Estonia to Swedbank of Sweden to indicate reorganization of Baltic and Nordic regions' system

Banking Institutions, Depository Credit Intermediation, Sweden, Estonia, Banks (Finance), Skandinaviska Enskilda Banken, Hansapank, Article, Swedbank

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U.K.'s Hays to acquire France Partner Group

Article Abstract:

Hays PLC announced that it is acquiring the France Partner Group of companies for 16 million pound sterling ($26.5 million). The move signals an expansion of Hays' services into the express-delivery market in France. Hays is a business support services firm based in the UK. Initially, Hays will be given 97% of France Partner. It will receive the remaining 3% in October 2000. Depending on performance, Hays may have to pay additional payments of 5.3 million pound sterling in 2000 and 2001

Comment:

Hays to acquire the France Partner Group of companies for 16 million pound sterling ($26.5 million)

France, Mail & Express Services, Couriers, Professional, Scientific, and Technical Services, BUSINESS SERVICES, Courier services, except by air, Delivery services, Abstract, Courier services, Express delivery services, Hays PLC, France Partner Group

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Australia's Spotless purchases Braitrim

Article Abstract:

Spotless Group Ltd. has reached a deal to purchase Braitrim Holdings Ltd. for 120 million pounds (194.3 million euros). Spotless is a contract service firm based in Australia.

Australia, All Other Plastics Product Manufacturing, Plastic Products NEC, Plastics industry, Plastic products, Paper products industry, Packaging, Label industry, Spotless Group Ltd., Braitrim Holdings Ltd.

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