Moore sells its European forms and labels division

Article Abstract:

Moore Corp. Ltd. of Toronto, Ontario, has divested its forms and labels business in Europe to Grenadier Holdings Ltd. of Dublin, Ireland, a holding firm, for an undisclosed amount. The division, which contributed $190 million, 60% of the firm's total European revenues, in 1997, provides employment for 1,500 individuals from France, Britain, Ireland, the Netherlands, Belgium, Sweden, Norway, Portugal and Switzerland. Moore Corp., the biggest maker of business forms in the world, intends to focus its energy in the North American region.

Comment:

Has divested its forms and labels business in Europe to Grenadier Holdings Ltd of Dublin, Ireland, for an undisclosed amount

Europe, Foreign operations, Business Forms, Manifold Business Forms Printing, Moore Corporation Ltd., Printing industry, Article

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B.C. picks up 6% stake in truck maker Western Star

Article Abstract:

Western Star Trucks Holdings Ltd has sold a 6% interest to the British Columbia government for C$60 million. The province acquired preferred shares which are convertible to common stock. In addition, British Columbia will contribute C$2.5 million annually to the comapany over the next ten years, making its investment a total of C$85 million. Premier Glen Clark defended that the investment would help in the creation of jobs in the province amidst criticisms over the government's involvement in the private sector

Trucks, Motor Vehicle Manufacturing, Western Star Truck Holdings Ltd.

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Ottawa urged to sell Petrocan stake

Article Abstract:

The Canadian government been urged by several investment dealers to sell its 18% stake in the oil and gas comapany Petro-Canada Inc. The 49-million-share stake is valued at around C$1 billion. The investment dealers believe that the rising oil prices would provide a good environment to sell the shares. However, the Canadian government is still waiting for the best possible value before selling its stake.

Crude Petroleum and Natural Gas Extraction, Crude Petroleum & Natural Gas, Petroleum industry, Natural gas, Petroleum, Gas industry, Petro-Canada Inc.

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