SWEDEN: AB WANTS STENA LINE SHARES

Article Abstract:

Stena AB, 53.2% owner of Stena Line, shipping company, has offered to repurchase the rest of the stock exchange listed shares for a total of about SEK 500mn. The purchase will proceed if the holders of 90% of the shares vote in favour and if Stena AB is allowed to acquire the debts of Stena for four fifths of their face value. This relates to high yield bonds valued at US$ 300mn. Freight volumes rose 4% in 1st nine months 2000, but passenger volumes fell.

Asset sales & divestitures, Sweden, Stena Line AB

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UK: REALITY SHOWS INCREASE IN TURNOVER

Article Abstract:

Reality (UK), business solutions and logistics firm, had a turnover of GBu 219mn in 1st half 2000. This included GBu 40mn from Great Universal Stores, its parent group. Great Universal had a GBu 112mn pre-tax profit for the half year to September 2000, vs GBu 136mn a year earlier.

United Kingdom, Sales, profits & dividends, Freight Transportation, Freight Transportation Arrangement, Freight Forwarders, Freight transportation industry, Great Universal Stores PLC, Reality

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HONG KONG: STUDY TO SEE HK AS LOGISTIC CENTRE

Article Abstract:

The government has commissioned a consulting group to study how to convert Hong Kong into an international logistics centre. The study will take six months to complete and will focus on studying logistics infrastructure, human resources and electronic logistics.

Strategy & planning, On-Line Information Services, Database Vendors, Foreign Trade (Exports & Imports), Hong Kong, TRANSPORTATION BY AIR, Air Transportation, Information retrieval services, Marine cargo handling, Ports, Database industry, Airlines, Air transportation industry, Civil aviation, Marine cargo handling industry

Similar abstracts:

• Abstracts: UK: EWS CALLS FOR DROP IN ACCESS FEES. UK: RAIL REGULATOR REVIEWS FREIGHT CHARGES. UK: RAILTRACK AND EWS PRAISED FOR SERVICES

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