Unidentified investor purchases 5% of unit of Cable & Wireless

Article Abstract:

Cable & Wireless Communications PLC has sold 5% of the firm's second stock offering to an unidentified British buyer. The unidentified British organization purchased one-third of Cable & Wireless' 222 million shares, which Cable & Wireless is selling for GBP975 million. Under stock-exchange disclosure rules, the size of the acquisition will entail the unidentified buyer to reveal its name on the week of June 22, 1998. Cable & Wireless stated that 60% of its stock offering was placed with British investors, 25% with US institutions and 15% with international buyers.

Comment:

Sells 5% of its second stock offering to an unidentified British buyer

Telecommunications, Telecommunications industry, Cable & Wireless PLC, Article

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U.K. expects up to six bids for air-traffic control deal

Article Abstract:

The U.K government is offering 46% of National Air Traffic Services Ltd. (NATS) in a "public-private partnership" under which the government will keep 49% and employees receive 5%. If the transaction goes through, NATS will become one of few privately operated air-traffic control systems in the world. The government expects to receive up to six offers for NATS.

Mergers, acquisitions and divestments, National Air Traffic Services Ltd.

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New center to manage air traffic in Europe

Article Abstract:

Europe's air traffic control agency Eurocontrol has launched a new center, the Central Flow Management Unit, to improve efficiency and manage increasing air traffic. Air travel in Europe has grown 5% per year, with 33,000 flights per day; forecasts predict this number will double by the year 2020.

Europe, Strategy & planning, General services, Organizational history, Regulation and Administration of Transportation Programs, Transportation Programs, Labor Distribution by Employer, Safety and security measures, Statistics, Air travel, Transportation policy, Organization formation, Aims and objectives, Eurocontrol

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