*

laugardagur, 23. mars 2019

desember, 2006

 

Nordic Business Report-December 29, 2006-Sjaelso Gruppen A/S wins contract for retail park in Norway (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Danish property developer Sjaelso Gruppen A/S said on Friday (29 December) that it has, through its Norwegian subsidiary IBI Norge AS, signed an agreement to build an approximately 26,000 square metre retail park in Kristiansand in Norway. The project has been developed in close partnership with Kristiansand Municipality, which wants to extend the retail area at Sorlandsparken. The project is scheduled to start construction in the summer of 2007 and complete in the autumn of 2008. The projects value, which totals approximately DKK350m, has been sold to an investor. Sjaelso Gruppen A/S is listed on the Nordic Exchange in Copenhagen. Sjaelso Gruppen A/S is listed on the Nordic Exchange in Copenhagen. One British pound (GBP) is worth approximately 11.08 Danish kroner (DKK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 29, 2006-Stolt-Nielsen SA completes sale of 25% interest Marine Harvest N.V. (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian-controlled transportation services group Stolt-Nielsen SA said on Friday (29 December) that it has completed the sale of its 25% shareholding in Marine Harvest N.V. to Geveran Trading Co Ltd. Geveran Trading in turn contributed the business to Pan Fish ASA, the company said. SNSA received a prepayment of EUR293.8m for its 25% ownership interest. Stolt-Nielsen, headquartered in London in the United Kingdom, is a leading provider of tanker, terminal and other transport services, as well as a seafood producer. Stolt-Nielsen is listed on the Oslo Stock Exchange and on Nasdaq. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 29, 2006-YIT Corporation sells property in Finland to Tapiola (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish construction, engineering and services group YIT Corporation said on Friday (29 December) that its subsidiary YIT Rakennus Oy has signed an agreement with Finnish mutual pension insurance company Tapiola to sell the second phase of the Business Park Mankkaa in Espoo, Finland. The property is 14,000 square metres with two car park levels and will be finished by autumn 2007. The sale price was valued at EUR24m. YIT is headquartered in Helsinki, Finland. The group has 22,200 employees in eight countries. YIT is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 29, 2006-Metso Corporation completes acquisition of Aker Kvaerners Pulping and Power businesses (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish engineering and technology group Metso Corporation (NYSE: MX) said on Friday (29 December) that its acquisition of Aker Kvaerners Pulping and Power businesses has been completed. The agreed cash and interest-bearing debt-free acquisition price was approximately EUR335m. The final transaction price will be based on the balance sheet at the time of the closing. Metso said that it has also completed the sales and purchase agreement of the remedy package concerning the divestment of Metso Papers and Aker Kvaerners overlapping pulping businesses to the Canadian Groupe Laperriere & Verreault Inc. (GL&V). The divestment of the remedy package was conditional on the approval received from the European Commission. The parties have agreed that the transaction value will not be disclosed. Metso, headquartered in Helsinki, Finland, has 22,000 employees in more than 50 countries, and reported net sales of EUR4.2bn in 2005. Metso is listed on the Nordic Exchange in Helsinki and on the NYSE. Aker Kvaerner is 50.1%-owned by Norwegian industrial holding group Aker Group. It has 23,000 employees in over 30 countries. Aker Kvaerner is traded on the Oslo Stock Exchange under the symbol AKVER. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Reykjavik (IFN) Mosaic Fashions loss after tax in the third quarter amounted to GPB1.4 million, compared to a GPB4.5 million profit the year before, Mosaic said on Thursday.


 

Nordic Business Report-December 29, 2006-Ahlstrom Corporation to raise prices of calender bowl materials (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish non-wovens and speciality papers producer Ahlstrom Corporation said on Friday (29 December) that it will increase the prices of its calender bowl materials due to the continuous rise of raw materials, energy, transportation and packaging costs. The level of the increases will depend on the nature of the products, existing contracts and invoicing currencies. The price increases will be effective as from 1 January 2007. Ahlstroms calender bowl materials, produced at the Altenkirchen plant in Germany, are used in the paper and textile industry. Ahlstrom, headquartered in Helsinki, Finland, is a global leader in the development, manufacture and marketing of high performance fibre-based materials. Ahlstrom is listed on the Nordic Exchange in Helsinki. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 29, 2006-Securitas Systems AB acquires Larmassistans Teknik Sverige AB (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish security solutions group Securitas Systems AB said on Friday (29 December) that it has signed an agreement to acquire Larmassistans Teknik Sverige AB. Larmassistans Teknik offers electronic security systems and services and its annual sales in 2005 amounted to SEK80m. The acquisition is expected to contribute to Securitas Systems sales and result in 2007. The acquisition price was not disclosed. Securitas Systems AB is a Stockholm-based security systems integrator with 4,900 employees and operations in 13 European countries and in the US, Hong Kong and Australia. It is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 29, 2006-Cargotec Corporation acquires Italian handling equipment company (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish cargo-handling solutions provider Cargotec Corporation said on Friday (29 December) that its business area Kalmar has entered into an agreement to acquire the Italian company CVS Ferrari Group. CVS Ferrari is owned by the Ferrari family. Its net sales for 2006 are estimated to amount to EUR85m. CVS Ferrari has a strong market position in new equipment in its home country, Italy, as well as in Southern Europe and Africa. Cargotec said that the acquisition will strengthen Kalmars market position and service capabilities in the South European and other Mediterranean markets and complement Kalmars product offering with new, innovative container handling equipment. Cargotec Corporation provides cargo handling solutions which are used in local transportation, terminals, ports, distribution centres and ships. In 2005 Cargotecs net sales exceeded EUR2.3bn and the company employs some 8,000 people in more than 160 countries. Cargotec is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 29, 2006-Cargotec Corporation wins crane order in Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish cargo-handling solutions provider Cargotec Corporation said on Friday (29 December) that its business area Kalmar has won order from Finnsteve to supply four ship-to-shore (STS) cranes to the new Vuosaari Port in Helsinki, Finland. The cranes are capable of operating Post-Panamax vessels in Twin-Lift operation. Preparation is being made for future Tandem-Lift operation. The Vuosaari port in Helsinki, Finland will be the most modern harbour in the Baltic Sea. The operations of two smaller Helsinki ports will be moved there at the end of 2008. Cargotec Corporation provides cargo handling solutions which are used in local transportation, terminals, ports, distribution centres and ships. In 2005 Cargotecs net sales exceeded EUR2.3bn and the company employs some 8,000 people in more than 160 countries. Cargotec is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 29, 2006-Securitas Systems AB acquires Italian security systems integrator (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish security solutions group Securitas Systems AB said on Thursday (28 December) that it has acquired 75% of the Italian security systems integrator CIS SpA. CIS is one of Italys leading suppliers of integrated security and surveillance services to the banking sector. The sales of CIS in 2006 are estimated at some SEK126m and Securitas Systems expects the acquisition to contribute positively to its sales and result in 2007. The purchase price will be decided in the new year. Securitas Systems AB is a Stockholm-based security systems integrator with 4,900 employees and operations in 13 European countries and in the US, Hong Kong and Australia. It is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 29, 2006-StepStone ASA acquires Jobfinder Gmbh (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian-based European online career services and recruitment solutions provider StepStone ASA said on Friday (29 December) that it has exercised an option and has acquired 100% of the shares of Jobfinder Gmbh, a leading Austrian job board. StepStone Deutschland AG is paying EUR2.0m in cash with a further cash payment in 2008 dependent upon the results of Jobfinder in 2007. Jobfinder is expected to generate over EUR1.1m of revenue in 2006 and have a positive result. The total purchase price is expected to be between 2.5 and 3 times the revenue in 2007. StepStone is headquartered in Oslo, Norway. The company provides solutions for managing recruitment processes, planning and reporting, and operates online job sites in several European countries. StepStone is listed on the Oslo Stock Exchange under the ticker STP. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Reykjavik (IFN) Icelands trade deficit, calculated on fob value, amounted to ISK122.6 billion (EUR1.3 billion), in January-November 2006, as compared with a trade deficit of ISK94.7 billion (EUR1 billion) in January-November 2005, at fixed rates of exchange, Statistics Iceland said on Friday. 


 

In 2007, Statoil intends to present its financial reports and conduct its annual general meeting according to this plan: 12 February at 08:00 (CET) Publication of fourth quarter 2006 results 8 May at 08:00 (CET) Publication of first quarter 2007 results 15 May at 17:00 (CET) Annual general meeting in Stavanger, Norway 30 July at 08:00 (CET) Publication of second quarter 2007 results 29 October at 08:00 (CET) Publication of third quarter 2007 results Due to the merger process between Statoil and Hydro's oil and gas activities, the dates are subject to change. Should the dates be changed, the market will be informed in due time.


 

US SUMMARY: Strong Data Revives Rate Worry; Shares Hit DJIA 12501.52 loss 9.05 dn 0.07% NASDAQ 2425.57 loss 5.65 dn 0.2% S&P 500 1424.73 loss 2.11 dn 0.2% Dow Future 12578.00 gain 4.00 0.0% NASDAQ Future 1775.25 gain 0.75 0.0% S&P Future 1434.00 gain 0.25 0.0% Euro-USD 1.3172 gain 0.0023 up 0.2% 10-Yr US Treasury: 4.69% up 0.04 (Futures values, Treasury, EUR/USD Data as of 0550 GMT) Wall Street stalled Thursday after a battery of reports indicated the economy is stronger than expected and raised concerns that the Federal Reserve might be more aggressive about interest rates next year. The dollar closed mixed, Treasurys lower and oil higher. STOCKS: Investors had hoped that Fed policymakers might be ready to cut interest rates because the economy appeared to be moderating on course. However, better-than-expected reports that measured existing home sales, consumer sentiment, and manufacturing in the Midwest lessened the possibility of a cut. Even so, investors remain positive, analysts said. "Youd expect some kind of correction after these reports, and the fact were not getting one shows Wall Street is pretty bullish," said Ryan Detrick, equity analyst at Schaeffers Investment Research. "With the market going up, and not too many sellers out there, we could stay at these levels until we get back next week." In corporate news, AT&T Inc. has offered a new set of concessions that are expected to satisfy the two Democrats on the Federal Communications Commission and lead to approval of the companys $85 billion buyout of BellSouth Corp. The Nasdaq Stock Market said it will close Tuesday as part of a national day of mourning to mark the funeral of President Gerald R. Ford. The New York Stock Exchange was yet to announce whether it will open Tuesday. FOREX: The dollar is opening mixed in Europe, after closing higher against the yen and lower against the euro on Thursday. Though the dollar jumped on the back of the data, the move failed to push the greenback out of this weeks trading ranges, which have been relatively narrow, a trend that could continue through Friday, said Greg Anderson, currency strategist at ABN Amro. BONDS: Treasury prices fell again Thursday, with stronger-than-expected data and continued investor repositioning pushing the market lower. "Data keeps coming in stronger than expected," said Scott Gewirtz, head of Treasury trading at Lehman Brothers in New York. "The market just got way, way ahead of itself pricing in rate cuts," he said, and Treasurys "have been punished." OIL: Prices rose slightly on Thursday in response to U.S. government data showing crude inventories plunged last week. Light sweet crude for February delivery climbed 19 cents to close at $60.53 a barrel on the New York Mercantile Exchange. In London, Brent crude futures climbed 15 cents to settle at $60.67 a barrel on the ICE Futures exchange. ASIAN SUMMARY: Share Markets Mostly Higher ASIAN SUMMARY: Share Markets Mostly Higher USD-Yen 118.82 loss 0.06 dn 0.06% AUD-USD 0.7912 gain 0.0006 up 0.08% Nikkei 225 17225.83 gain 1.02 0.0% Hang Seng 19964.37 loss 37.54 dn 0.2% S&P/ASX 200 5644.30 gain 10.30 up 0.2% Taiwan Index 7823.72 gain 90.79 up 1.2% S.Korea Kospi Closed Spot gold $633.80 gain 1.15 up 0.2% Brent Crude Oil $60.49 loss 0.18 dn 0.3% JGB 10-year Yield 1.6750% up 0.0150 (All values as of 0550 GMT) STOCKS: Tokyo stocks ended the last trading day of the year a tad higher as investors snapped up blue-chip stocks on a continued weak yen and expectations for solid earnings outlooks. The key index gained 6.9 percent on the year. Australian shares hit a record high Friday, although miners were flat. The benchmark S&P/ASX 200 index closed up 0.2%, logging a 19% gain on the year. Some dealers said it could rise another 10% next year, backed by double-digit earnings growth. FOREX: The yen edged higher against the dollar, which had resistance at around Y119.10 with sell orders waiting up to Y119.50. Dealers traced some dollar purchases to oil importers and sales to goods exporters. BONDS: Prices of Japans government bonds followed losses of Treasurys in New York overnight, although in Asian trading Friday Treasurys were flat. OIL: Prices adjusted downward Friday, as light sweet crude for February delivery was down 19 cents to $60.34 a barrel, and February ICE Brent was 18 cents off at $60.49/bbl. Dealers cited mild U.S. weather as a barrier to higher prices. METALS: Spot gold was quoted at US$633.80/oz, up slightly from late in New York. Metals traders ScotiaMocatta says golds ability to work through a lot of congestion in $629-$633 area is an "encouraging performance, indicating further gains may be in store." A break above $636 should open the way to $642. But gold needs to close above $630 or risk a return to $620-$628 range. LME 3-month copper was last at $6,390/ton, up about $10 from the late kerb, but was unlikely to make new highs in the first quarter, says a Sydney trader, with stable prices supported by a comeback in the U.S. housing market. EUROPEAN OUTLOOK: Markets Seen Opening Little Changed Euro-USD 1.3172 gain 0.0023 up 0.2% Stlg-USD 1.9653 gain 0.0025 up 0.1% USD-Franc 1.2200 loss 0.0018 dn 0.2% (All values as of 0550 GMT) European stock and bond markets are likely to open little changed, while the euro tries a comeback against the dollar. STOCKS: European stock markets are expected to open little changed, after markets elsewhere made little headway. Spreadbettors Cantor Index are calling the FTSE up 4 at 6244, the DAX off 1 at 6610, the CAC unchanged at 5533, and the Eurostoxx up 1 at 4158. In corporate news, French financier Francois Pinault could launch a EUR70 billion bid for energy group Suez in early January or perhaps even next week, according to an unsourced report on the Web site of financial magazine Challenges. It adds that Pinault has sought and has received the backing of French President Jacques Chirac. Frances Sanofi-Aventis SA (SNY) and its U.S. marketing partner Bristol-Myers Squibb Co. (BMY) Thursday clinched a second legal victory in a month against Apotex Inc., preventing the Canadian generic drugmaker from launching cheaper copies of blood-thinner Plavix in Canada. European stocks struggled to find direction and closed little changed on Thursday, as a rise in the price of oil took the edge off positive data on U.S. economic growth. FOREX: The euro is on the rebound against the dollar, as traders note that the European Central Bank seems bent on keeping a tight rein on monetary policy. BONDS: Prices of European government bonds are likely to open under light pressure, after they slumped Thursday on a set of surprisingly robust data from Europe and the U.S. As Friday is the last trading day of the year, activity is expected to abate and volumes to become extremely thin. Investors might monitor the release of Germanys GfK consumer climate and euro-zone money supply growth, although theyre unlikely to lead to sharp swings in the market. In light of the European Central Banks ongoing concern about robust money growth in the 12-nation currency bloc, the numbers are likely to attract some attention. Economists polled by Dow Jones Newswires, on average, forecast M3 to rise 8.7% on the year and 8.6% over the three months ending in November. CALENDAR: Friday, Dec. 28: Euro Monetary Report GMT Expected Previous 0745 FRA Nov Unemployment 0900 EU Nov Monetary developments in the euro area 0900 ITA Nov PPI 0930 UK BBA Major British Banking Groups Mortgage & Consumer Lending 0930 UK 3Q BoE Quarterly Mortgage Equity Withdrawal Figures 1030 UK Dec Consumer Confidence Survey 1500 US Nov Conference Board Help-Wanted Index 30 1530 US Dec 23 US Energy Dept Natural Gas Stocks (in -71 billion cubic feet) 1900 US Bond markets close early 1900 UK Bond markets close early OTHER SCHEDULED EVENTS: Altran Technologies (3463.FR): EGM Immofinanz Immobilien (IIA.VI): 1H Earnings Pixology (PIX.LN): Trading Update Premium Trust (PTTI.LN): AGM R2i Sante (5463.FR): AGM Real Estate Opportunities (REO.LN): EGM Vestel Elektronik (VESTL.IS): FY Earnings DIVIDEND PAYMENTS & EX DIVIDEND DATES: A&J Mucklow (MKLW.LN): FY 2006 Dividend Payment Date Aker Kvaerner (AKVER.OS): Special Ex-Dividend Date Banco de Andatelucia (AND.MC): Q2 2006 Dividend Payment Date Banco de Castilla (CAS.MC): Q2 2006 Ex-Dividend Date Edgars Consolidated Stores (ECO.JO): 1H 2007 Ex-Dividend Date Helical Bar (HLCL.LN): 1H 2006 Dividend Payment Date Illovo Sugar (ILV.JO): 1H 2007 Ex-Dividend Date Intermediate Capital Group (ICP.LN): 1H 2006 Dividend Payment Date INVESCO Income Growth Trust (IVI.LN): Q2 2006 Dividend Payment Date LindEx (LDEX.SK): FY 2006 Dividend Payment Date Perpetual Income & Growth (PLI.LN): 1H 2006 Dividend Payment Date Premier Asian Assets (PAAC.LN): Q1 2007 Dividend Payment Date Premier Utilities Trust (PUT.LN): Q3 2006 Dividend Payment Date Pretoria Portland Cement (PPC.JO): FY 2006 Special Ex-Dividend Date Pubs n Bars (PNB.LN): 1H 2006 Dividend Payment Date Royal Caribbean Cruises (RCL): Q3 2006 Dividend Payment Date Sappi (SAP.JO): FY 2006 Ex-Dividend Date Schroder Split Investment Fund (SCS.LN): Q4 2006 Dividend Payment Date Scottish American Investment (SCAM.LN): Q3 2006 Dividend Payment Date Small Cos Div Trust (SDV.LN): Q2 2006 Dividend Payment Date Wolverine World Wide (WWW): Q1 2007 Ex-Dividend Date (END) Dow Jones Newswires


 

Cargotec Corporation, Press Release, December 29, 2006 at 9.00 a.m. Finnish time Kalmar, the business area providing container handling solutions within Cargotec, has won order from Finnsteve of four ship-to-shore (STS) cranes to the new Vuosaari Port in Helsinki, Finland. The cranes are capable of operating Post-panamax vessels in Twin-Lift operation. Preparation is made for future Tandem-Lift operation. The cranes will be fully operational as per November 2008. The cranes are of the modular type, which Kalmar successfully introduced in 2001 and very similar to the 31 units delivered to various customers in Antwerp in the past 2 years. The Vuosaari port in Helsinki, Finland will be the most modern harbour in the Baltic Sea. The operations of two smaller Helsinki ports will be moved there in the end of 2008. Traffic channels will be ready at this time, along with most of the business park. The port is planned to reach its full extent in 2009. Sender: Cargotec Corporation Kari Heinistö Senior Executive Vice President and CFO Eeva Mäkelä SVP, Investor Relations and Communications For further information, please contact: Christer Granskog, President, Kalmar, tel. +358 204 55 4776 Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 40 727 6766 Cargotec Corporation is the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company employs some 8,000 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange. www.cargotec.com


 

Brussels, December 29, 2006 - RHJ International (the "Company") today published its Condensed Consolidated Financial Statements for the six months ended September 30, 2006. The Condensed Consolidated Financial Statements of the Company, prepared in accordance with International Reporting Standards ("IFRS"), are attached to this press release. During the first six months of the fiscal year ending March 31, 2007, the Company continued to execute its strategy of creating long-term value. * The Company continues to build its existing holdings into stronger global competitors. Asahi Tec Corporation ("Asahi Tec") announced the proposed acquisition of U.S. based Metaldyne Corporation ("Metaldyne"), a leading global supplier of aluminum and ductile castings for the automotive industry. Niles Co.,Ltd. ("Niles") acquired Fuji Electronics Industries, expanding its precision stamping, insert molding and assembly capability. The Company acquired a 20% shareholding in U-Shin Ltd. ("U-Shin"), a Japanese manufacturer of electrical components for automobiles. In November, D&M Holdings Inc. ("D&M) announced the proposed acquisition of Philips Sound Solutions, further expanding its foothold in the automotive OEM business. * The Company continued to seek opportunities to build new industry platforms. It confirmed in October that it entered into a non-binding memorandum of understanding, in consortium with Videocon Industries Ltd., for the proposed purchase of Daewoo Electronics Corporation, in the consumer durables segment. * The Company also seeks to create shareholders' value through influential minority interests and opportunistic co-investments. As of September 30, 2006, the Company recorded JPY 687 million of fair value increment on those investments owned on that date, and realized a JPY 206 million profit on the disposal of such an investment. * The portfolio companies continued to seek sustainable improvement of their operating performance. Asahi Tec, D&M and Phoenix Resort K.K. ("Phoenix Seagaia Resort") reported improvements in financial performance compared to the six months ended September 30, 2005. Honsel International Technologies SA ("HIT"), Columbia Music Entertainment Inc. ("CME") and Niles Co.,Ltd. ("Niles") continued to address operational challenges and reported lower operating results during the six months ended September 30, 2006 compared to the same period last year. * The Company strengthened its industrial partner network with the employment of Hideki Kurashige, former President and Chief Executive Officer of Japan Telecom and affiliation with Greg Brenneman, former Chief Executive Officer of Burger King. More detailed information about the Company's activity and financial results for the six months ended September 30, 2006 is presented below. For further information please contact: Arnaud Denis Investor Relations Director e-mail: adenis@rhji.com Please click the link below to open the entire press release including tables:


 

Cargotec Corporation, Press Release, December 29, 2006 at 8.30 a.m. Finnish time Kalmar, the business area providing container handling solutions within Cargotec, has made an agreement to acquire CVS Ferrari Group. This acquisition will strengthen Kalmar's market position and service capabilities in the South European and other Mediterranean markets and complement Kalmar's product offering with new innovative container handling equipment. The agreement signed is subject to competition authority approval. CVS Ferrari has a strong market position in new equipment in its home country Italy as well as in Southern Europe and Africa. CVS Ferrari has 100 service people in Italy and extensive installed base and dealer network around Mediterranean. "We are pleased with this agreement, which strengthens Kalmar's presence both in new equipment and services in the Mediterranean markets. We believe that the synergies with our existing operations will further strengthen CVS Ferrari's competitiveness," states Kalmar President Christer Granskog. "Our family has successfully developed CVS Ferrari to its current size and position in nearly 40 years. We believe that Kalmar will be a good home and a strong owner for CVS Ferrari in order to meet future global challenges. We see a good fit between the two companies and we have found in Kalmar an owner committed to develop CVS Ferrari's operations," comments CVS Ferrari Group President Giuseppe Ferrari. CVS Ferrari was founded in 1973 and is owned by the Ferrari family. Its net sales for 2006 are estimated to amount to EUR 85 million with an operating margin level slightly below Kalmar's level. CVS Ferrari employs some 305 people. CVS Ferrari production facilities are located in Cadeo, Italy. The acquisition is expected to contribute to synergies in areas like production, sourcing and product development in order to offer customers more competitive products. CVS Ferrari will continue as a separate entity and brand within Kalmar continuing to sell its products through its existing distribution network. Sender: Cargotec Corporation Kari Heinistö Senior Executive Vice President and CFO Eeva Mäkelä SVP, Investor Relations and Communications For further information, please contact: Christer Granskog, President, Kalmar, tel. +358 204 55 4776 Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 40 727 6766 Cargotec Corporation is the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company employs some 8,000 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange. www.cargotec.com


 

The stock options related to the year 2004 stock option arrangement for Amer Sports Corporation's key staff will be subject to trading on the Helsinki Stock Exchange main list as of January 2, 2007. The total number of stock options is 361,650. Each stock option entitles the holder of the stock option to subscribe for three (3) shares of Amer Sports Corporation with an accounting par value of EUR 4 per share. The subscription price for stock options is EUR 13.53 per share. The share subscription period for stock options began on January 1, 2007 and it will end on December 31, 2009. As a result of the subscriptions, the number of shares of Amer Sports Corporation can increase by a maximum of 1,084,950 new shares and the share capital can increase by a maximum of EUR 4,339,800. The shares subscribed on the basis of stock options entitle to a dividend for the accounting period in which they were subscribed. The other shareholder rights will begin once the increase in the share capital has been entered in the Finnish trade register. AMER SPORTS CORPORATION Communications Ms Maarit Mikkonen Communications Manager Tel. +358 9 7257 8306, e-mail: maarit.mikkonen@amersports.com DISTRIBUTION Helsinki Stock Exchange Major media www.amersports.com AMER SPORTS CORPORATION Amer Sports (www.amersports.com) is the world's leading sports equipment company with internationally recognized brands including Salomon, Wilson, Precor, Atomic and Suunto. All Amer Sports companies develop and manufacture technically advanced products that improve the performance of active sports participants. The Group's business is balanced by its broad portfolio of sports and presence in all major markets.


 

Straumborg ehf., a company which is financially related to Brynja Halldórsdóttir, a member of the Board of Directors of Kaupthing Bank hf., has today, 28 December 2006, taken over two forward contracts on the purchase of a total of 617,500 shares in the Bank. The first contract is a forward contract dated March 10, 2006, on the purchase of 500,000 shares in the bank, which is taken over at the price of ISK 944 per share. The maturity date of the contract is December 29, 2006. The second contract is a forward contract dated December 22, 2006 on the purchase of 117,500 shares in the bank, which is taken over at the price of ISK 856,26439 per share. The maturity date of the contract is December 28, 2006. The maturity date of both contracts will now be January 10, 2007. Furthermore, Norvest ehf., a company which is financially related to Brynja Halldórsdóttir, has today extended a forward contract dated November 24, 2006, on the purchase of 800,000 shares in the bank, cf. a notice published on November 24, 2006. The maturity date of the contract is now May 28, 2007. Brynja Halldórsdóttir owns 9,206 shares in the bank. Parties financially related to Brynja Halldórsdóttir own a total of 13,112,048 shares in the bank. Furthermore parties financially related to Brynja Halldórsdóttir own 4,817,500 shares in the Bank according to forward contracts following the transaction.


 

Impax Environmental Markets plc announces that as at the close of business on 27 December 2006 its undiluted net asset value ("NAV") per ordinary share was 112.03p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 110.59p. The investments in the above portfolio have been valued at bid prices. ---END OF MESSAGE---


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the Takeover Code) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | Tisbury Capital | | | Management LLP | |------------------------------------------------+------------------| | Company dealt in | Corus Group Plc | |------------------------------------------------+------------------| | Class of relevant security to which the | 50p ordinary | | dealings being disclosed relate (Note 2) | | |------------------------------------------------+------------------| | Date of dealing | 27 December 2006 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +-------------------------------------------------------------------+ | | Long | Short | | | | | |--------------------------------+-------------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |--------------------------------+------------+------+--------+-----| | (1) Relevant securities | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (2) Derivatives (other than | | | | | | options) | 30,897,131 | 3.31 | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | Total | 30,897,131 | 3.31 | | | | | | | | | +-------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +-------------------------------------------------------------------+ | Class of relevant security: | Long | Short | | | | | |-------------------------------------+--------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (1) Relevant securities | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (2) Derivatives (other than | | | | | | options) | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | Total | | | | | | | | | | | +-------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | | | | | | | | |---------------+----------------------+-------------------------| | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short (Note | Number of securities | Price per | | name, | 6) | (Note 7) | unit (Note | | e.g. CFD | | | 5) | |----------+------------------+------------------------+------------| | CFD | Long | 400,000 | 528.5 | |----------+------------------+------------------------+------------| | CFD | Long | 50,000 | 528.225 | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 28/12/2006 | |------------------------------------------------+------------------| | Contact name | Stephen Platts | |------------------------------------------------+------------------| | Telephone number | +44 20 7070 9635 | |------------------------------------------------+------------------| | If a connected EFM, name of offeree/offeror | | | with which connected | | |------------------------------------------------+------------------| | If a connected EFM, state nature of connection | | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

SimCorp announces that Ethias Insurance, the second largest insurance company in Belgium, has chosen SimCorp Dimension for its front, middle and back office operations.


 

Nordic Business Report-December 28, 2006-YIT Corporation sells property in Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish construction, engineering and services group YIT Corporation said on Thursday (28 December) that its subsidiary YIT Rakennus Oy has signed a contract with the German real estate investor LB Immo Invest GmbH for the sale of a property in Espoo, Finland. The property consists of 7,000 square metres of industrial space. The companies have also signed an agreement on the renovation of the property. The total value of the contracts is some EUR13m. YIT is headquartered in Helsinki, Finland. The group has 22,200 employees in eight countries. YIT is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

LONDON, Dec. 28, 2006 (PRIME NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) today announced that its Remotec UK Ltd. subsidiary has been appointed prime contractor for Phase II of the Ministry of Defence (MoD) CUTLASS robotics programme. The CUTLASS programme will provide the next generation of unmanned ground vehicle for explosive ordnance disposal (EOD) to be used by the MoD for anti-terrorism operations worldwide. The bulk of deliveries will take place in 2010. Photos accompanying this release are available at: http://media.primezone.com/noc/ "We are delighted to have been awarded the CUTLASS production contract after our strong performance in the demanding competitive Advanced Demonstrator phase of the project. CUTLASS will provide the MoD with a step change in capability via a robot that is capable of adapting to new innovations in the world of bomb disposal," said Wendy McGowan, managing director of Remotec UK, Ltd. "We are very excited about this contract award. It builds on our existing long-standing close relationship with the MoD and demonstrates our ability to create strong industry partnerships leading to the robust application of leading edge technologies," said Dr Graham Thornton, vice-president of business development for Northrop Grumman UK. The CUTLASS system offers the latest technology in a modular design, thereby enabling the user to deal with the full range of both military and improvised explosive devices. Its highly versatile design means that it is capable of accommodating a wide range of payloads, sensors and tools. The manipulator arm is equipped with a state-of-the-art gripper and has nine degrees of freedom for greater movement and agility inside limited spaces, such as the interior of a car. The robot is able to creep along at deliberately slow speeds for delicate operations and may accelerate to high speeds to enable rapid travel. The six-wheeled design offers mobility on all types of hard and soft terrain and in all weather conditions. Prior to the CUTLASS programme, Northrop Grumman through its Remotec subsidiary in the UK was, for more than ten years, the sole supplier to the MoD of the Wheelbarrow-class bomb disposal robot. Northrop Grumman has more than 2,000 unmanned ground vehicles in operation worldwide. QinetiQ is providing the vehicle command and control systems. QinetiQ's user-friendly operator command console will combine manual commands with advanced software to provide the unprecedented functionality required for such a demanding mission environment. The logistics support effort will be led by LSC Group. The support strategy will translate user availability, maintainability and requirements into cost-effective support solutions using a wide range of analysis and prediction tools and techniques. In addition, LSC will have responsibility for the CUTLASS programme's risk management and tracking activities. Remotec is a subsidiary of Northrop Grumman with locations in Coventry, UK and Clinton, Tenn. in the United States. Remotec is an industry leader in developing and manufacturing unmanned ground vehicle systems for police, military, and industrial applications in more than 52 countries worldwide. Northrop Grumman in the UK operates from five primary locations: Fareham, Coventry, New Malden, Peterborough and Solihull providing avionics, communications, electronic warfare systems, marine navigation systems, robotics, C4I and mission planning, IT systems and software development. Northrop Grumman established its UK corporate office in London in early 2006. Northrop Grumman Corporation is a $30 billion global defence and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide. CONTACT: Ken Beedle Northrop Grumman Electronic Systems +44 0207 747 1910 Ken.beedle@euro.ngc.com


 
Hitt og þetta
28. desember 2006

Capital issues

Reference is made to the stock exchange notice published 20 December 2006, where the company notified the market that it conducted a private placement of 3,500,000 shares at a subscription price of NOK 62.50 per share, raising gross proceeds in the amount of NOK 218.75 million. The capital increase has today been registered in the Norwegian Register of Business Enterprises, and the new share capital in the company is NOK 81,910,336, divided into 81,910,336 shares, each with a par value of NOK 1. The new shares will be registered on a separate ISIN number in VPS until the company has published a prospectus approved by Oslo Børs. Once an approved prospectus has been published, the new shares will be listed on Oslo Børs. The new shares will be transferred to Spencer Energy AS as settlement for the shares lent by said company to Carnegie ASA in connection with the private placement. Oslo, 2006-12-28


 

Based on an agreement signed today, OnePoint Oy, owned by Kemira Oyj, sold its electricity transmission business in Kokkola in Finland to Kokkolan Voima. The deal also includes two industrial real estates. The electricity transmission business comprises the transmission of electricity to the so-called former Kemira area. This deal will have no major immediate effect on the terms and conditions of the contracts concluded by customers in the area, and these will remain unchanged until further notice. The industrial real estates consist of the substation's grounds and a vacant lot between Kemirantie road and railroad in the immediate surroundings of Kokkolan Voima's power station. In the same connection, Kemira signed a letter of intent, whereby Kokkolan Voima, or its designated buyer, has the right to purchase all of OnePoint Oy shares from Kemira during the first quarter of 2007. For further information, please contact: Juhani Paananen Kokkolan Voima gsm +358 44 7809 288 Vesa Pihlajamaa OnePoint Oy Tel. +358 10 862 8200 or gsm +358 50 593 4373 Tomas Forsgård Kemira Oyj gsm +358 50 558 0030 Kemira is a chemicals group that is made up of four business areas: pulp and paper chemicals, water treatment chemicals, performance chemicals and paints. Kemira is a global group of leading chemical businesses with unique competitive position and a high degree of mutual synergy. In 2005, Kemira recorded revenue of around EUR 2 billion and had a payroll of 8,000 employees. Kemira operates on all continents, in 40 countries.


 

Nordic Business Report-December 28, 2006-CyberCom Group shuts down Norwegian operation (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT consulting group CyberCom Group said on Thursday (28 December) that it is shutting down its Norwegian operation and closing its office outside Oslo. The Norwegian operation was part of Cybercoms acquisition of Consafe Infotech at the end of 2003. The company has said that the operation reported losses, and long-term turnaround of profit has been difficult to achieve. Several employees in the Norwegian operation have assignments in Cybercoms operation in southern Sweden and may be offered employment there. The closure costs are estimated at up to SEK3.5m, but the closure will have no negative effect on operating profit (EBIT) for 2006. CyberCom Group has 340 employees and offices in Denmark, Norway, Sweden, India, Singapore and the UK. CyberCom Group is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 28, 2006-Kemira Oyj sells electricity transmission business in Kokkola, Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish chemicals group Kemira Oyj said on Thursday (28 December) that its subsidiary OnePoint Oy has sold its electricity transmission business in Kokkola in Finland to the Finnish utility Kokkolan Voima. The deal also includes two industrial properties, which consist of the substations grounds and a vacant lot in the immediate surroundings of Kokkolan Voimas power station. In addition Kemira signed a letter of intent whereby Kokkolan Voima, or its designated buyer, has the right to purchase all of OnePoint Oys shares from Kemira during the first quarter of 2007. The sale price was not disclosed. Kemira Oyj, headquartered in Helsinki, Finland, is a chemicals group that operates in 40 countries. In 2005 Kemira recorded revenue of around EUR2.0bn and it has 8,000 employees. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 28, 2006-Telelogic AB signs EUR2.2m licence, maintenance and service agreement (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT company Telelogic AB said on Thursday (28 December) that a leading global telecommunications manufacturer has signed a licence, maintenance and service agreement for Telelogics solutions for Enterprise Lifecycle Management (ELM). The deal is valued at EUR2.2m. This global corporate initiative renews and extends the agreement for Telelogics Solutions for ELM and includes licences for Telelogic Focal Point for product portfolio management and Telelogic DOORS for requirements analysis and management, in addition to other solutions. Telelogic, headquartered in Malmo, Sweden, is a systems and software development solutions provider with US headquarters in Irvine in California, and with operations in 20 countries. Telelogic is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

AMERICAN MARKETS OUTLOOK: U.S. stock markets are expected to open a touch lower Thursday, pausing after new highs Wednesday and ahead of key economic data due later in the day. Spreadbetter FinSpreads is calling the Dow Jones Industrial Average to open down 13 points at 12,497, the Nasdaq 100 down 6.2 points at 1,757.2 and the S&P 500 down 2.3 points at 1,424.5. "By no means is this bearish statement. More that investors are taking a breath from the rally yesterday," says FinSpreads Omer Bhatti, after the DJIA hit an all-time high Wednesday, breaching 12,500. Data for release Thursday could prove volatile, says Bhatti. Among the data due to be released are jobless claims, November existing home sales, the December Conference Board Consumer Confidence Index, the Chicago PMI and money supply. EUROPEAN MARKETS: European shares are hovering around flat. In London, the FTSE 100 is a tad above flat at 6,247.40, with Imperial Chemical Industries climbing in an otherwise steady market after a U.K. newspaper speculated that Hollands Akzo Nobel was considering buying it. In Frankfurt, the DAX is also a touch above flat at 6,610.19, taking a breather on high levels after a run Wednesday. U.S. existing home sales and consumer confidence updates, both due at 1500 GMT, are likely to draw attention. In Paris, the CAC is down 0.2% at 5,530.73. Bunds are trading lower and are confined to a narrow range in low volume. With little news in Europe to give the market new direction, traders await U.S. economic data later in the day. Gilts are recovering from early losses caused by higher-than-expected U.K. December house prices, albeit in very light volume. March bund futures are down 0.08 at 116.25, while the March gilt is down 0.03 at 107.80. In the currency market, the dollar is mixed in quiet holiday trade while strong U.K. house price data is giving sterling some support. The dollar is up at Y118.82, the euro is up at $1.3144 and the pound is also up, at $1.9598. =========================== TOP STORIES: PARTYGAMING IN TALKS TO BUY EMPIRE ONLINE: Online gambling group PartyGaming PLC (PRTY.LN) confirmed Thursday that it is in advanced talks with Empire Online Ltd. (EOL.LN) to buy some of its business assets and related operations, paving the way for Empire Online to remodel itself as an investment company following the recent closure of the lucrative U.S. market. (By Lilly Vitorovich) UK HOUSE PRICES SURGE IN DECEMBER: U.K. house prices surged in December, pushing the annual measure up into double figures for the first time since February 2005, as housing supply constraints continue to drive the market higher, the Nationwide Building Society said. (By Ilona Billington) ESSAR IN TALKS FOR HUTCHISON ESSAR BUY: Indias Essar Group (ESG.YY) is in talks with several banks to finance a possible acquisition of a 67% stake in Indian cellular operator Hutchison Essar Ltd., a person aware of the development said. (By V. Phani Kumar) BG GROUP BUYS LAKE ROAD POWER PLANT FOR $685M: BG Group (BRG) said it has signed a Sale and Purchase Agreement for the purchase of the Lake Road power plant, a 805MW gas and oil fired combined cycle facility located in Dayville, Connecticut, for $685 million. ============================ INSIGHT & ANALYSIS FROM DOW JONES NEWSWIRES: =FOCUS: Spain was one of Europes hottest stock markets this year. But it could be a lot cooler, and more unpredictable, in 2007. (By David Roman and Christopher Bjork) =CHARTING EUROPE: The euro/Swiss franc exchange rate not only reached a new 2006 high but also a six-year and nine-month high at CHF1.6107 Thursday morning, and is thus close to the March CHF1.6147 high. This is expected to cap the cross this week. (By Axel Rudolph) =ASSET CLASS: Right around this time of year its traditional to get - on top of wooly socks and indigestion - a dose of buyers remorse. (By Alen Mattich) =========================== STILL TO COME ET/GMT COUNTRY/PERIOD 0830/1330 US Dec 23 Jobless Claims 1000/1500 US Nov Existing Home Sales 1000/1500 US Dec Conference Board Consumer Confidence Index 1000/1500 US Dec Chicago PMI 1000/1500 US Dec 16 DJ-BTMU Business Barometer 1030/1530 US Dec 22 US Energy Dept Crude Oil Stocks 1030/1530 US Dec 22 US Energy Dept Distillate Stocks 1030/1530 US Dec 22 US Energy Dept Gasoline Stocks 1100/1600 US Dec Kansas City Fed Mfg Index 1630/2130 US Money Supply 1830/2330 JPN Dec Japan Nomura/JMMA PMI Report on Mfg N/A JPN Nov Provisional Labor Survey =========================== OTHER NEWS: German carmaker Volkswagen AGs (VLKAY) core brand VW will meet its target and set a new record in terms of vehicle sales in 2006. (By Michael Brendel) Frances markets regulator will fine hedge fund GLG Partners LP and Deutsche Bank AG for abuses arising out of a convertible-bond offer for French telecommunications-equipment maker Alcatel SA, according to people familiar with the matter. (WSJ) Virgin America said it plans to respond on Jan. 10 to the Department of Transportations show-cause order. On Wednesday, the DOT issued a tentative finding that Virgin America would have to revise its ownership to be 75% controlled by U.S. citizens. (By Ruth Mantell) Burger King Holdings Inc. (BKC) expects minimal impact to its earnings as a result of the U.K. governments ban on childrens advertising, according to the companys European president, Peter Robinson. (By Richard Gibson) Somalias Islamic movement abandoned the nations capital on Thursday and clan militiamen poured into the streets to take control of Mogadishu, as government forces approached to within 18 miles. (AP) Havas, owner of the Euro RSCG and Arnold advertising agencies, may use some of a recently raised EUR270 million bond issue to buy other advertising firms that can be easily integrated into the group, board members tell the Wall Street Journal. (WSJ) Swedish consumer confidence rose again in December after an unexpected fall in November, the National Institute for Economic Research said. (By Malin Rising) Russian state-controlled oil producer OAO Rosneft said its net profit in the third quarter fell some 13% to $1.05 billion from the same quarter a year earlier, owing mainly to lower crude prices and the lagging effect of higher taxation. (By Geoffrey T. Smith) Pirelli & C. SpA (PC.MI) Chairman Marco Tronchetti Provera thinks the time is ripe for Pirelli to sell part of its controlling stake in Telecom Italia SpA (TI), Italys largest telecommunication company, a person close to the matter told Dow Jones Newswires. (By Giada Zampano) Charter flights into Lebanon have dropped 85% compared with the same period last year in a sign that tourists may have lost confidence in Lebanons political stability, a senior industry official said. (Zawya Dow Jones) Tokyo stocks ended a tad higher in relatively thin trading as buying interest focused on Nippon Steel and other steel makers, but caution about chasing the indexs upside dragged some blue-chip stocks down. (By Yoshio Takahashi) -By Susannah Rodgers, Dow Jones Newswires; +44-208-789-8467; susannah.rodgers@dowjones.com (END) Dow Jones Newswires December 28, 2006 06:54 ET (11:54 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.


 

Nordic Business Report-December 28, 2006-Oriola-KD Corporation to distribute Schering-Plough products in Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish pharmaceuticals distribution company Oriola-KD Corporation said on Thursday (28 December) that it has agreed with the pharmaceuticals company Schering-Plough on the distribution of Schering-Ploughs human pharmaceuticals in Finland starting from 1 January 2007. The wholesale value of Schering-Plough pharmaceuticals during 2006 was EUR32m. The companys share of the Finnish pharmaceutical wholesale market in January-October was 1.7%. Schering-Plough Corporation is an international healthcare company based in Kenilworth, N.J., USA. The companys Finnish subsidiary is Schering-Plough Oy. Oriola-KD Corporation is a leading company in pharmaceutical distribution and trade as well as in healthcare and dental trade and it has business operations in Finland, Sweden, Denmark and the Baltic countries. Oriola-KD is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

(Stavanger December 28. 2006) SAGA Oil ASA is pleased to announce that PROMGEOTEK LLC, a subsidiary of SAGA Oil ASA, has officially been granted the License for Production of Oil and Gas at the East-Shaltinsky oil field. The decision of issuing the License was signed by the Federal Agency of Mineral Resources of the Ministry of Natural Resources of the Russian Federation, today the 28'th of December, 2006. The Production License grants PROMGEOTEK LLC the right to produce hydrocarbon resources from any deposit down to the crystalline bedrock at the East Shaltinsky oil field for 20 years. Included in the 20 years of production, the License also includes an additional 5 years of any type of hydrocarbon exploration activities. PROMGEOTEK's acquisition of the Production License is also the last mile stone for SAGA Oil ASA in order to acquire the remaining 50 % of shares in PROMGEOTEK LLC and become 100 % owner. The process of acquiring the last 50 % of shares will be fully completed within the next 2 weeks according to the initial purchase contract. CEO of SAGA Oil, Malvin Høydal says in a comment: "It has taken longer than expected to acquire this License due to large amount of official organizations involved in the complicated Russian licensing process. We are however now very pleased with the fact that yet another milestone is in place, and that the development of the entire Rodnikovsky licensed area can commence according to plan." For further information, please contact: SAGA Oil ASA - CEO Mr. Malvin Høydal, cell: +47 97422959, email: malvin.hoeydal@sagaoil.no SAGA Oil ASA - CFO Mr. Stian Vemmestad, cell: +47 92805787, email: sve@sagaoil.no


 

Wiesbaden/Munich/London/Frankfurt, 28 December 2006 - Linde AG, Wiesbaden, has concluded the sale of its forklift division KION Group, agreed on 5 November 2006, at a price of 4 billion euro to the consortium comprising the financial investors Kohlberg Kravis Roberts & Co. (KKR) and Goldman Sachs Capital Partners. Following the receipt of unconditional approval from the European Commission and from the competition authorities in Switzerland and the United States, the transaction was completed today in accordance with the letter of the law. The KION Group, with its three brands of forklift trucks and warehouse equipment, Linde, STILL and OM, currently has over 20,000 employees. In the 2005 financial year, the division achieved sales of around 3.6 billion euro. KION is a market leader in Europe and is known for the highest levels of competence in terms of both technology and service. KKR and Goldman Sachs Capital Partners have announced that they will work together with the management of the KION Group to implement long-term strategies which will add value. The company will continue to build on its world market position in material handling via organic growth and selective external growth. In the medium term, the KION Group will seek to achieve a stock market flotation. For additional information: Linde AG Press Investor Relations Uwe Wolfinger Thomas Eisenlohr Telephone: +49.89.35757.1320 Telephone: +89.35757.1330 Mobile: +49.163.770 7130 Mobile: +49.160.989 55191 Kohlberg Kravis Roberts & Co. Alexander Geiser (Hering Schuppener) Telephone: +49.69.92 18 74-74 Mobile: +49 173 2121 371 Goldman Sachs Capital Partners Christian Kroos Telephone: +49.69.7532 2646 Mobile: +49 172 684 9321 The Linde Group The Linde Group is a world leading industrial gases and engineering company with more than 53,000 employees working in around 70 countries worldwide. Following the acquisition of The BOC Group the company has gases and engineering sales of approximately 12 billion euro. The strategy of The Linde Group is geared towards earnings-based growth and focuses on the expansion of its international business with forward-looking products and services. For more information, please see The Linde Group online at http://www.linde.com KION Group The KION Group is a worldwide leading company for forklift trucks and industrial equipment and is market leader in Europe. The company has more than 20,000 employees and with its three brands Linde, STILL and OM the KION Group achieved sales of around 3.6 billion euro. KION stands for the highest level of technological competence. For more information, please visit KION Group online at http://www.kiongroup.com. Kohlberg Kravis Roberts & Co. Kohlberg Kravis Roberts & Co. (KKR) is one of the world's oldest and most experienced private equity firms specializing in management buyouts. Founded in 1976, it has offices in New York, Menlo Park, London, Paris, Hong Kong and Tokyo. Throughout its history, KKR has brought a long-term investment approach to its portfolio companies, focusing on working in partnership with management teams and investing for future competitiveness and growth. Over the past 30 years, KKR has completed 146 transactions with a total value of more than US$260 billion. The most important recent acquisitions were HCA, SunGard, Toys R Us, TDC, VNU and NXP (former Philips Semiconductors). In Germany KKR has become known through its investments in Wincor Nixdorf, A.T.U Auto-Teile-Unger, "Der Grüne Punkt" - Duales System Deutschland, MTU Aero Engines and Demag Cranes. For more information, please visit www.kkr.com. Goldman Sachs Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains over 30 offices, amongst others in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. Goldman Sachs Capital Partners (GSCP) is the private equity arm of Goldman Sachs and concentrates on corporate equity investing in major transactions. Since its establishment in 1986, GSCP has invested over $17 billion of equity in more than 250 companies globally. Notable investments include Polo Ralph Lauren, Kinder Morgan and Kookmin Bank. Significant investments in German-speaking countries include Messer Griesheim, Kabel Deutschland, Cognis and Wincor Nixdorf. For more information, please visit www.gs.com. --- End of Message --- WKN: 648300; ISIN: DE0006483001; Index: CDAX, DAX, Prime All Share, HDAX; Listed: Prime Standard in Frankfurter Wertpapierbörse, Amtlicher Markt in Börse Berlin Bremen, Amtlicher Markt in Bayerische Börse München, Amtlicher Markt in Börse Düsseldorf, Amtlicher Markt in Börse Stuttgart, Amtlicher Markt in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Amtlicher Markt in Frankfurter Wertpapierbörse;


 

Nordic Business Report-December 28, 2006-Blom ASA wins new control cables and mooring systems contracts (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian geographic information and offshore technology group Blom ASA said on Thursday (28 December) that its offshore power and control cables and mooring systems subsidiary ScanRope has been awarded contracts for delivery of control cables and mooring systems with international customers. The contracts are valued at a total of NOK149m, including NOK70m of options for delivery in 2008. Blom, headquartered in Oslo, Norway, provides geographic information services and offshore technology. The group has over 1,000 employees and is expected to achieve revenues of approximately NOK1.2bn in 2007. Blom is listed on the Oslo Stock Exchange under the ticker BLO. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 28, 2006-Geo ASA signs contract for sale of two vessels (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian offshore services provider Geo ASA said on Thursday (28 December) that it has signed a contract regarding the sale of MV Geowave Commander and Geomaster to a Norwegian company, of which Geo ASA holds 20%. MV Geowave Commander was delivered on 28 December and MV Geomaster will be delivered after the conversion to a seismic vessel in 2007. The sale will give a profit of some USD20m and a cashflow of some USD40m. Both vessels are on long-term contract with Wavefield Inseis AS and will still be managed by Geoshipping AS. Geo, based in Astveit in Norway, provides offshore survey, maintenance, construction support and subsea engineering services, and owns a fleet of 16 vessels. The company is listed on the Oslo Stock Exchange under the ticker GEO. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Vaisala has been awarded a major contract from the United States National Weather Service (NWS). The order includes a maximum of 1200 cloud height measurement instruments, also known as ceilometers. The estimated value of the contract is EUR 12.4 million. The delivery will be carried out in phases, mainly taking place in 2008 - 2010. Vaisala ceilometers will be integrated into National Weather Service's Automated Surface Observing System network. "We are extremely pleased that the National Weather Service, a major customer, has once again demonstrated its trust in Vaisala. They are pioneers in automated weather observations, and they place a great importance on equipment testing and comparison before any purchasing decisions are made. As this contract proves once again, Vaisala's equipment has fared well in these comparisons," Vaisala CEO Kjell Forsén says. "Another positive fact is that we also won an earlier contract for the delivery of wind speed and direction as well as present weather measurement instruments for the same network." The Vaisala Ceilometer is a compact laser instrument for reliable cloud base height and vertical visibility measurement to up to 25,000 feet (7.5 km). Ceilometers are used at airports and automatic weather stations all over the world. In addition to the National Weather Service, the US national Automated Surface Observing System network is used by aviation authorities and defense forces. Weather information produced by the network is used for weather forecasts and warnings, in aviation, and in meteorological, hydrological and climatological research. The Vaisala Group is a successful international technology company that develops, manufactures and markets electronic measurement systems and products. Application areas include meteorology, environmental sciences, traffic and industry. In 2005 Vaisala achieved net sales of EUR 197.9 million. Vaisala products are used in over 100 countries. Parent company Vaisala Oyj, domicile in Finland, is listed on the Helsinki Exchanges in Finland. The Vaisala Group employs over 1,000 professionals and has offices and operations in Finland, North America, France, United Kingdom, Germany, China, Sweden, Malaysia, Japan and Australia. Further information: Jouni Lintunen, CFO, mobile +358 40 579 0181 Pekka Utela, Product Line Manager, Vaisala Instruments, mobile +358 40 5923 397


 

Nordic Business Report-December 28, 2006-HK Ruokatalo Oyj sells property in Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish meat and poultry company HK Ruokatalo Oyj said on Thursday (28 December) that HK Ruokatalo and LSO Osuuskunta have sold property in Turku, Finland to two real estate companies. The sale concerns an office building and an industrial building. The total land area is some 23,000 square metres. HK Ruokatalo will remain a tenant in the office building. The companys lease on the industrial building runs until the end of 2007. HK Ruokatalo will book an additional non-recurring capital gain of EUR3.6m on the transaction. The sale of the property is part of the restructuring of domestic operations, the company said. HK Ruokatalo Group, headquartered in Turku, Finland, is an international food company that produces, sells and markets meat products, poultry meat, processed meat products and convenience foods. HK Ruokatalo Group is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 28, 2006-UPM-Kymmene Corporation buys back three hydropower plants (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish paper products company UPM-Kymmene Corporation said on Thursday (28 December) that it is buying back from the Finnish mutual pension insurance company Varma three hydropower plants on the Kymijoki river in Finland. UPM will purchase the Kuusankoski, Keltti and Voikkaa hydropower plants for a total of EUR126m. UPMs predecessor company Kymmene Corporation sold the power plants to Varma in 1988 and leased them back for long-term use. UPM-Kymmene is one of the worlds leading printing paper producers with production in 15 countries and a sales network covering more than 170 companies. UPM-Kymmene is listed on the Nordic Exchange in Helsinki, and on the NYSE. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 28, 2006-Vaisala Oyj wins order for cloud height measurement instruments in the US (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish electronic measurement systems manufacturer Vaisala Oyj said on Thursday (28 December) that it has been awarded a contract from the United States National Weather Service (NWS). The order includes a maximum of 1,200 cloud height measurement instruments, also known as ceilometers. Vaisala ceilometers will be integrated into the National Weather Services Automated Surface Observing System network. The estimated value of the contract is EUR12.4m. Vaisala, headquartered in Helsinki in Finland, develops and manufactures electronic measurement systems for meteorology, environmental sciences, traffic and industry. Vaisala is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

COGR-Financial Calendar 2007 February: Thursday 15th - 08:00 Presentation of the Interim Report for Q4/2006, Preliminary result for 2006 April: Thursday 26th - 08:00 Presentation of the Interim Report for Q1/2007 April: Thursday 26th - 09:00 Annual General Meeting August: Thursday 16th - 08:00 Presentation of the Interim Report for Q2/2007 October: Thursday 25th - 08:00 Presentation of the Interim Report for Q3/2007 The location of the presentations to be announced later.


 

Advance Focus Fund Limited announces that its unaudited Net Asset Value (NAV) including income accrued as at the close of business on 22 December 2006 was £35.977 million, representing a NAV of 143.12 pence per share. The investments in the Company's portfolio have been valued at bid price in the above calculations. Visit our website at http://www.pro-asset.com/ ---END OF MESSAGE---


 

Nordic Business Report-December 28, 2006-Aker Kvaerner ASA wins contract for environmental control system in the US (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian engineering, construction and technology group Aker Kvaerner ASA said on Thursday (28 December) that it has been awarded a limited notice to proceed by the Ohio Valley Electric Corporation (OVEC) for a new environmental control system at the Kyger Creek power plant, located in Cheshire, Ohio. The Aker Kvaerner unit Aker Kvaerner Songer Inc will be the major construction general contractor for retro-fitting a Flue Gas Desulfurization system installation which will reduce sulfur dioxide (SO2) emissions at the Kyger Creek facility. The scope of work will consist of civil, mechanical and superstructures as well as associated outage work. American Electric Power (NYSE: AEP) is serving as overall project manager. The project duration is approximately 30 months. Aker Kvaerners portion of the project is worth approximately USD105m. Aker Kvaerner, headquartered in Lysaker in Norway, has 23,000 employees in over 30 countries. The company is 50.1%-owned by Norwegian industrial holding group Aker Group. Aker Kvaerner is listed on the Oslo Stock Exchange under the symbol AKVER. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 28, 2006-Ericsson commences tender offer for Redback Networks Inc (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish telecomms solutions provider Ericsson (Nasdaq:ERIC) said on Wednesday (27 December) that its indirect wholly-owned subsidiary, Maxwell Acquisition Corporation, has commenced its tender offer for all outstanding shares of Redback Networks Inc (Nasdaq:RBAK) at a price of USD25.00 net per share in cash. Ericsson and Redback previously announced that they had reached a definitive merger agreement for Ericsson to acquire Redback. Following the acceptance for payment of shares in the tender offer and completion of the transactions outlined in the merger agreement, Redback will become a wholly owned subsidiary of Ericsson. The aggregate acquisition price was previously valued at approximately USD1.9bn. Redback Networks Inc manages 50 million broadband connections for 15 of the top 20 telephone carriers worldwide. The company has more than 500 carrier customers worldwide. Ericsson is headquartered in Stockholm, Sweden. Its equipment is used in more than 1,000 networks in 140 countries, and 40% of the worlds mobile calls are made through Ericsson systems. The company is listed on the Nordic Exchange in Stockholm, and its shares are also traded on the London Stock Exchange and on Nasdaq. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 28, 2006-Evox Rifa Group Oyj agrees on EUR3.3m investment financing (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish capacitors manufacturer Evox Rifa Group Oyj said on Thursday (28 December) that it has agreed on the conditions of a EUR3.3m investment and working capital financing. The investment financing will be used for the start-up of the manufacturing of new products at Evox Rifas plant in Finland. Evox Rifa Group, with headquarters in Finland, is an electronics partner with global operations. Evox Rifa manufactures passive electronic components, specialising in plastic film, paper and electrolytic capacitors. Its production plants are located in Indonesia, the United Kingdom, China, Sweden and Finland. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 28, 2006-Raisio Plcs 2006 results to include write-downs of EUR36m (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish food products group Raisio Plc said on Thursday (28 December) that its financial statements for 2006 will include EUR36m in write-downs. The write-downs will include some EUR21m on fixed assets, shares and inventories, and write-downs of some EUR11m on goodwill. The most significant write-downs concern the goodwill of the diagnostics company and the machinery and equipment of margarine and soy-oat plants. In addition Raisio will depreciate interest-bearing receivables by some EUR4m because the debtors have not been able to comply in all details with the original instalment plan. Raisio said that the full-year result for 2006 including one-off items will be clearly lower than the loss of EUR5.4m in 2005. Raisio is a specialist in plant-based nutrition. The company has some 1,300 employees in six countries and its cholesterol-lowering Benecol products are sold in 20 countries. Raisio is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 28, 2006-Scania wins order for 65 buses in Estonia (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish trucks and buses manufacturer Scania said on Thursday (28 December) that it has received its largest single order for city buses in Estonia. The municipal bus operator Tallinn Bus Company is buying 65 low-floor Scania OmniLink type buses. The buses will be made at Scania Omnis assembly plant in Poland and will be delivered during 2007 and 2008. No financial details of the order were disclosed. Scania, headquartered in Sodertalje, Sweden, manufactures trucks, buses and engines. It has 30,000 employees in some 100 countries and reported revenues of SEK63.3bn in 2005. Scania is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 28, 2006-Skanska wins contract to provide construction management services in the US (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish construction group Skanska said on Thursday (28 December) that it has secured a contract to provide construction management services to build a new research facility in California, US. The customer is a large pharmaceutical company and the work has been awarded to a joint venture between Skanska USA Building Inc and Hathaway Dinwiddie Construction Company. Construction of the five-storey, 27,000-square-metre building has already begun and completion of the facility is expected by May 2009. The total value of the contract is USD175m, with Skanskas share of the contract amounting to USD113m. Skanska USA Building Inc is a leading national and local provider of construction, pre-construction consulting, general contracting and design-build services to a broad range of US industries. The company is headquartered in Parsippany, New Jersey, and has approximately 3,700 employees. The company reported sales of about SEK30bn in 2005. Skanska, headquartered in Solna, Sweden, is a construction group with some 54,000 employees in Europe, the US and Latin America. Skanska is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 1.91 US dollars (USD). One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 28, 2006-Stora Enso Oyj to invest EUR54.8m at Varkaus Mill in Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish forest products company Stora Enso Oyj said on Thursday (28 December) that it is investing EUR54.8m in rebuilding fine paper machine 3 (PM 3) at its Varkaus Mill in Finland to improve efficiency at the mill and profitability in the office paper business area. The investment will increase the mills annual production capacity by about 95,000 tonnes to 315,000 tonnes of uncoated fine paper, but the number of personnel will not increase. Following the investment, envelope paper production will be transferred from Veitsiluoto Mill to Varkaus Mill, allowing Veitsiluoto Mill to specialise in producing document printing paper. Meanwhile production of writing paper will be transferred from Varkaus Mill to Imatra Mills. The project is scheduled to be completed in December 2007. Stora Enso, headquartered in Helsinki, Finland, has some 46,000 employees in more than 40 countries, and reported sales of EUR13.2bn in 2005. Stora Enso is listed on the Nordic Exchange in Helsinki and Stockholm, and on the NYSE. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 28, 2006-Telelogic AB extends licence and maintenance agreement with global customer (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT company Telelogic AB said on Wednesday (27 December) that it has entered into an extended licence and maintenance agreement with a global provider of business integration software. Telelogic said that the two-year deal sees the company extend its existing agreement and continue to use Telelogic Synergy for change and configuration management and Telelogic DOORS for requirements analysis, definition and management, in both Europe and Asia Pacific, to support strategic initiatives within the IT and R&D parts of the business. The agreement is worth USD840,000. Telelogic, headquartered in Malmo, Sweden, is a systems and software development solutions provider with US headquarters in Irvine in California, and with operations in 20 countries. Telelogic is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Ericsson (NASDAQ:ERIC) and the Stockholm School of Economics have agreed to create a program aiming to generate in-depth knowledge of Chinese business and economics and China's impact on global trade patterns. The program will create a base for a unique competence center in Stockholm, Sweden. The Ericsson China program comprises several components designed to support the capacity of Sweden to follow developments in China, strengthen Swedish-Chinese relations in economics, business and research and its impact on the world economy. The program embraces economic and business research, education, seminars and conference programs as well as advice. The program will start January 1, 2007 with Ericsson and the Stockholm School of Economics as co-founders. The program is guided by an advisory board consisting of representatives from Ericsson, the Stockholm School of Economics and the China Center for Economical Research at Peking University. Carl-Henric Svanberg, president and CEO of Ericsson, says: "Understanding the business and economics of China is a necessity for Ericsson as well as all other of the world's leading global companies. China has established itself as a crucial player in the world economy and has emerged as one of the most important strategic markets. This new initiative creates the base for a competence center in Sweden with the aim to understand the complexity of Chinese business and economics and to strengthen Ericsson's and Sweden's relations with China." The program will be based at the Stockholm School of Economics, which is one of Europe's leading institutes for education and research in business and economics. The program will cooperate closely with the China Center for Economical Research at Peking University, China's leading institute in economics and economic policy research. Lars Bergman, president, the Stockholm School of Economics, says: "The Ericsson China Program will benefit from the competence at the Stockholm School of Economics and our Swedish and international partners and collaborators. It will also help us establish closer relations with Peking University." Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more at http://www.ericsson.com FOR FURTHER INFORMATION, PLEASE CONTACT Ericsson Media Relations Phone: +46 8 719 6992 E-mail: press.relations@ericsson.com


 

Press Release 28 December 2006 ORIOLA-KD TO DISTRIBUTE SCHERING-PLOUGH'S PHARMACEUTICALS IN FINLAND Oriola-KD Corporation and Schering-Plough have agreed on the distribution of Schering-Plough's human pharmaceuticals in Finland starting from 1 January 2007. The wholesale value of Schering-Plough pharmaceuticals is 32 million euros in 2006. The company's share on Finnish pharmaceutical wholesale value in January-October was 1.7 per cent (source: IMS Health). "The target of Schering-Plough is to earn its clients' and stakeholders' trust every day. This sets the bar high for our strategic partners working with our products", says Schering-Plough's General Manager, Mr Jouko Timosaari. "We welcome Schering-Plough to be our partner. Our purpose is to support Schering-Plough's business in Finland with the help of our advanced IT solution services", says Mr Matti Lievonen, Director of Pharmaceutical Distribution. Schering-Plough Oy is a Finnish subsidiary (www.schering-plough.fi) of the international science-based healthcare company Schering-Plough Corporation. Through international research Schering-Plough discovers, develops, manufactures and markets advanced drug therapies to meet important medical needs in the areas of cardiovascular and metabolic diseases, central nervous system disorders, infectious diseases, inflammatory diseases, oncology, and respiratory diseases The company is based in Kenilworth, N.J., USA. For further information, please contact: Pellervo Hämäläinen Oriola-KD Corporation Vice President, Corporate Communications and IR Tel. +358 10 429 2497 E-mail: pellervo.hamalainen@oriola.com Jouko Timosaari General Manager Schering-Plough Oy Tel. +358 20 757 0300 Oriola-KD Corporation Oriola-KD Corporation is a leading company in pharmaceutical distribution and trade as well as in healthcare and dental trade with business operations in Finland, Sweden, Denmark and Baltic Countries. Invoicing in 2005 was EUR 2.4 billion and the number of personnel is 1.500. Oriola-KD is listed on Helsinki Stock Exchange. Published by: Oriola-KD Corporation Corporate Communications Harmaaparrankuja 1 FI-02200 Espoo www.oriola-kd.com


 

(IFN) Hannes Smarason, Icelands FL Group chief executive, believes that American Airlines should play an active role in the current consolidation of the U.S. airlines sector and is seeking a meeting with the carriers board to discuss his plans, according to The Times Web site on Wednesday.Smarason told The Times that the playing field had changed significantly in the U.S. since the last time that American Airlines, the worlds biggest carrier, tried to strike a deal. In 2000 American attempted to merge with US Airways but competition authorities blocked the deal, the newspaper writes."I think enough has changed in the industry since then that American should be seen as a candidate," Smarason told the newspaper. "American could and should be a part of the consolidation."The move comes after FL Group announced the $400 million acquisition of a 5.98 percent stake in AMR Corp. , the parent company of American Airlines, to become the airlines third-largest shareholder.


 

DNO is pleased to announce an update on activities in Northern Iraq: * Agreement for increased working interest in the PSA's * Tawke Early Production Development * Drilling and seismic activities Agreement for Increased Working Interest in the PSA's: The agreement with the Kurdistan Regional Government (KRG) whereby DNO will be responsible for 100 % of the funding obligations of the PSA's in return for receiving additional 15 % Working Interest, has now been concluded and signed. In addition some adjustments have been made to the Dihok PSA area. Some areas at the eastern boarder have been removed in return for receiving some new acreage to the south. Another area has also been relinquished and no further relinquishments will be required until June 2011. It is still very early in the exploration stage of the PSA area's, and a number of additional prospects & leads, which will be further investigated through exploration drilling, have been identified. Tawke Early Production Plan The Tawke Early Production Plan is based on the successful results achieved from Tawke # 1 / 1A and Tawke # 2 wells. Modifications of the Central Processing Facilities (CPF) have been completed and the CPF will now be transported to the Tawke area for installation and commissioning. Installation of the pipeline which will connect the Tawke oil production to the main northern pipeline has also commenced, and approximately 8 km has been installed of a total of 42 km. As previously reported, the CPF has the capacity to deliver approximately 50,000 bopd of the Tawke crude oil quality. As a result of this DNO will accelerate development drilling within the Tawke area. The full rig capacity (3 rigs) will be dedicated for the most part of 2007 to Tawke. A total of 18 development wells are planned to be drilled in 2007, which includes both oil producers and water injectors. Drilling Status: Tawke # 2: Tawke # 2 was drilled as an appraisal well on the Tawke field. The well is located some 2 km to the west of the Tawke # 1 discovery well. As previously reported, Tawke # 2 tested the same reservoir interval which flowed 5,000 bopd in Tawke # 1 and 1A. The Tawke # 2 well flowed 3,840 bopd, confirming good reservoir quality also at this location. Testing of an underlaying carbonate formation was also undertaken, but no oil flow rates were achieved. Tawke # 2 is now completed as an oil producer. The rig has now moved to the Tawke # 4 location some 0.8 km to the north-east of Tawke # 1. Tawke # 4 will be drilled as a dedicated oil producer. Khanke # 1: Khanke # 1 has been drilled to a total depth of 3,551 meters. Testing was undertaken in three individual intervals which had hydrocarbon shows while drilling, but no oil flow was achieved. As Kanke # 1 is located within the Dihok PSA area, the well costs are recoverable from future Tawke oil production under the cost oil entitlement. The rig will now be moved to the Tawke # 3 well site on the Tawke structure. This well is an exploration / appraisal well at the eastern extension of the Tawke area. This well will penetrate both the oil producing interval confirmed by Tawke # 1 / 1A and Tawke # 2, as well as the deeper intervals which where proved to be oil bearing in Tawke # 1, but not properly tested. If oil bearing intervals are confirmed and commercial flow rates are achieved, then Tawke # 3 will be completed as an oil producer. Mobilizing the third Rig: A third drilling rig will be mobilized to the Tawke area at the beginning of 2007. This will be a smaller carrier rig capable of drilling production wells as well as undertake work-overs, well repair and maintenance. The rig will commence operations at Tawke # 1 where some deeper reservoir intervals (> 2,000 meters) will be flow tested. Thereafter the rig will be used for development drilling across the Tawke Field. Seismic activities: Following completion of the 3D seismic campaign completed in October 2006, a further 2D seismic acquisition campaign (77 km) was completed across the Erbil PSA area. DNO plan to carry out an additional 300 km of 2D seismic within the Dihok PSA once the winter season has ended in Q1 2007. Commenting on the results Managing Director Helge Eide says: "With the significant progress that has been made on the Tawke Early Production project, we should be ready to produce the first oil from Tawke during first quarter of next year. Achieving this important near term target will mark another important milestone to KRG and DNO." DNO ASA 28 December 2006 Contact: Media: Helge Eide, MD DNO ASA Telephone: +47 23 23 84 80 Ketil Jørgensen, Crux Communication Telephone +47 930 36 866 (Norway) Ben Willey, Buchanan Communications Telephone: +44 207 466 5000 (UK) IR: Haakon Sandborg, CFO DNO ASA Telephone: +47 23 23 84 80 Robert Arnott, Advisor (UK) Telephone +44 207 839 7764


 

28 December 2006 - Aker Kvaerner has been awarded a limited notice to proceed by the Ohio Valley Electric Corporation (OVEC) for a new environmental control system at the Kyger Creek power plant. The facility is located in Cheshire, Ohio, and Aker Kvaerner's portion of the project is approximately USD 105 million. The Aker Kvaerner unit Aker Kvaerner Songer Inc. will be the major construction general contractor for retro-fitting a Flue Gas Desulfurization system installation which will reduce sulfur dioxide (SO2) emissions at the Kyger Creek facility. The plant is owned and operated by OVEC. American Electric Power (NYSE: AEP) is serving as overall project manager. The scope of work will consist of civil, mechanical and superstructures as well as associated outage work. The project duration is approximately 30 months. Aker Kvaerner has performed two successful major power plant air pollution control projects within 100 miles of the new project in the last five years. Martinus Brandal, Aker Kvaerner ASA's President and CEO states "We are extremely pleased with the confidence that OVEC and American Electric Power have put in Aker Kvaerner. Health safety and the environment is a core value within Aker Kvaerner and this project allows us to participate in the client's overall environmental program which supports Aker Kvaerner's Just Care(TM) HSE program." OVEC was organized in October 1952 by 15 sponsoring utilities. Parent companies of the sponsoring utilities are Allegheny Energy, Inc. (NYSE: AYE); American Electric Power (NYSE: AEP); Buckeye Power, Inc.; Duke Energy Corp. (NYSE: DUK); DPL, Inc. (NYSE: DPL); E.ON AG; FirstEnergy Corp. (NYSE: FE); and Vectren Corp. (NYSE: VVC). ENDS For further information, please contact: Media: Terry Alderson, Communications, Aker Kvaerner Songer Tel: +1 724 416 6763 Torbjørn Andersen, SVP Group Communications, Aker Kvaerner ASA. Tel: +47 67 51 30 36, Mob: +47 928 85 542 Investor relations: Lasse Torkildsen, Vice President, Aker Kvaerner ASA , Group Comms. Tel: +47 67 51 30 39 AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities. The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 41.4 billion and employs approximately 24 000 people in more than 30 countries. Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 50 000 employees and NOK 80 billion revenues. Aker owns 50.01 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry. Oil, Gas, Process & Energy. The Oil, Gas, Process & Energy business area of Aker Kvaerner executes technology development, facility services and engineering and construction services for industries as diverse as Oil & Gas Onshore and Offshore Developments, Chemicals & Polymers, and Mining & Metals. We deliver a full spectrum of capital development projects and life-cycle services through a portfolio of global businesses. With an annual turnover of US $1.3 billion, The Oil, Gas, Process & Energy (OGPE) business area of Aker Kvaerner employs more than 5,975 people operating worldwide. Aker Kvaerner Songer is the union construction arm of Aker Kvaerner, which provides a full range of construction, maintenance and renovation services to the industrial sector. Its services are characterised by the highest standards of safety, quality, teamwork, innovation and cooperation, thus enabling us to respond to the needs of our customers and deliver on-time and in-budget performance. Direct hire union construction, maintenance and renovation services are provided to the power, steel, chemical, petro-chemical, and other industrial sectors. In addition, Aker Kvaerner Songer provides construction management and project planning services to the above sectors on an international basis. American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation's largest generators of electricity, owning nearly 36,000 megawatts of generating capacity in the U.S. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com


 

FORT WORTH, Texas (AP)--An Icelandic investment firm is reportedly seeking a meeting with managers of American Airlines after accumulating a 6% stake in the parent company of the largest U.S. air carrier. The investment makes FL Group HF (FL.IC), a limited-liability company based in Reykjavik, the third-largest holder of shares in AMR Corp. (AMR), Americans parent. The investment comes as speculation increases about possible mergers in the U.S. airline industry. A Securities and Exchange Commission filing made by AMR late Tuesday revealed that 12.8 million of its shares, worth nearly $400 million at AMRs current stock price, are owned by the Icelandic firm. FL Groups other holdings include stakes in banking and financial services, beverage companies, luxury retail, and a number of European airlines. The Financial Times reported Wednesday that FL Group plans to ask AMR for a meeting. It quoted the firms chief executive, Hannes Smarason, as saying FL Group wanted to discuss strategic issues with AMR, but he declined to give specifics. Officials at FL Group did not immediately return calls for comment. AMR declined to comment. Reports of possible deals in the airline industry have boomed since last month, when US Airways Group Inc. (LCC) launched a hostile takeover bid for larger rival Delta Air Lines Inc. (DALRQ). Sources say UAL Corp.s (UAUA) United Airlines, the nations No. 2 carrier behind American, is in early stages of talks with Continental Airlines Inc. (CAL). The talk of mergers comes as U.S. airlines are poised to record their first profitable year since 2000 and are enjoying a boom in their stock prices. AMR shares have gained 38% this year through Tuesday, and Continentals shares have jumped 95%. In recent trading, AMR shares were down 56 cents, or 1.8%, at $30.14. (END) Dow Jones Newswires


 

STOCKMANN plc STOCK EXCHANGE ANNOUNCEMENT December 28, 2006, at 9.45 A total of 618 254 Stockmann plc Series B shares with a par value of EUR 2.00 have been subscribed for as a result of an exercise of the Company's share options 2000. The corresponding increase in the Company's share capital was EUR 1 236 508. A total of 2 500 000 new Series B shares with a par value of EUR 2.00 can be subscribed for with the 2000 A, B and C share options listed on the Helsinki Exchanges. The subscription price with option A is now EUR 12.85, the subscription price with option B is EUR 13.85 and the subscription price with option C is EUR 14.85 per share. The eventual dividends payable annually are deducted from the subscription price. The subscription period for shares with the share options 2000 will expire on April 1, 2007. As a result of these increases, Stockmann plc's share capital now totals EUR 111 324 076 and the total number of Series B shares in issue is 31 097 795. The number of Series A shares is 24 564 243. The new shares were registered on December 28, 2006. They will be listed on the Helsinki Exchanges together with the old shares on December 29, 2006. A total of 431 774 shares can still be subscribed for with the 2000 share options. STOCKMANN plc Hannu Penttilä CEO DISTRIBUTION Helsinki Stock Exchange Principal media


 

US SUMMARY: Stocks Continue Rally; Oil Falls Again DJIA 12510.57 gain 102.94 up 0.8% NASDAQ 2431.22 gain 17.71 up 0.7% S&P 500 1426.84 gain 9.94 up 0.7% Dow Future 12587.00 0.00 0.0% NASDAQ Future 1777.00 loss 2.25 dn 0.1% S&P Future 1436.00 loss 1.00 dn 0.1% Euro-USD 1.3118 0.0000 0.00% 10-Yr US Treasury: 4.65% up 0.05 (Futures values, Treasury, EUR/USD Data as of 0550 GMT) Wall Street surged higher Wednesday, hurtling the Dow Jones industrials past 12,500 for the first time as year-end bargain hunters picked up stocks across a variety of sectors. The dollar, Treasurys and oil all fell. STOCKS: The auto industry drew focus after a meeting between executives at Toyota Motor Corp. and Ford Motor Co. sparked hopes of a potential alliance between the two rivals. Shares of both companies moved sharply higher. Backing shares was the latest report on new home sales, showing a higher rise than expected. Shares of the biggest U.S. retail chains rose amid analyst hopes that retailers can ramp up business as customers pack stores to catch year-end sales. Wall Street shrugged off a report that federal prosecutors are investigating whether former Apple Computer Inc. officials forged documents to maximize executives profit from stock options. FOREX: The dollar, which is opening little changed Thursday in Europe, fell Wednesday though it trimmed losses on the back of solid U.S. housing data. "Despite the rebound in the new home sales figure, we still believe the housing sector remains vulnerable on the downside considering the large number of homes currently on the market," Daragh Maher, senior currency strategist at Calyon Corporate and Investment Bank said. The data sets the stage for Thursdays release of an existing home sales report, which is expected to show a 1.0% decline in November to an annual rate of 6,180,000. BONDS: Treasury prices fell fairly steeply after the government reported stronger-than-expected new-home sales data for November. Sales of single-family homes increased by 3.4% to a seasonally adjusted annual rate of 1.047 million, the Commerce Department said Wednesday. October sales fell 3.8% to a 1.013 million rate, revised from a previously estimated 3.2% decline to a 1.004 million rate. The sales data beat Wall Street expectations for a 1.6% climb to a 1.02 million rate. In addition, the median price rose to $251,700 last month from $243,800 in October and $237,900 in November 2005. In another positive sign, the inventory of new homes for sale fell to 6.3 months from 6.7 months. "This report suggests the new home market is stabilizing, albeit near the lowest rate since 2003," said T.J. Marta, fixed income strategist at RBC Capital Markets. Carl Lantz, fixed-income strategist at Credit Suisse in New York, said the drop in inventory of new homes is particularly encouraging. "Net-net, its a little bit stronger, and I expect to see a little bit of a bearish flattening bias on this," he said, meaning that prices should drop more in longer-term Treasurys than at the short end. OIL: Prices fell for the fourth straight trading session Wednesday, settling at their lowest level in more than a month amid mild U.S. weather that has depressed demand for home-heating fuels. Analysts expect pressure on prices to keep up for another two weeks. Light sweet crude for February delivery declined by 76 cents to settle at $60.34 a barrel on the New York Mercantile Exchange. Brent crude futures fell 58 cents to settle at $60.52 a barrel on the ICE Futures exchange. ASIAN SUMMARY: Stocks Edge Higher As JGBs Sink More USD-Yen 118.77 loss 0.07 dn 0.06% AUD-USD 0.7866 gain 0.0022 up 0.3% Nikkei 225 17233.68 gain 10.53 up 0.1% Hang Seng 19968.51 gain 242.70 up 1.2% S&P/ASX 200 5634.40 gain 18.10 up 0.3% Taiwan Index 7741.31 gain 8.13 up 0.1% S.Korea Kospi 1429.72 gain 4.62 up 0.3% Spot gold $627.30 loss 0.30 dn 0.04% Brent Crude Oil $60.55 gain 0.03 0.0% JGB 10-year Yield 1.6650% up 0.0300 (All values as of 0550 GMT) STOCKS: Japanese stocks were slightly higher Thursday after mild profit-taking in steel and shipbuilding stocks. Australian shares were up modestly from positive sentiment spilling over from Wall Street. BHP Billiton and Rio Tinto led the mining sector higher, with gains of 1.4% each. BONDS: Prices of Japans government bonds fell on revived worry that the Bank of Japan could tighten rates in January. Japans economy remains in a stable recovery, with price increases likely to accelerate, Bank of Japan Governor Toshihiko Fukui said Wednesday to Dow Jones Newswires. He added the Bank will need to confirm that these trends remain intact before making any monetary policy decisions, but he added, "If the economy and prices are moving in line with our scenario, it would be appropriate to adjust (interest rate levels) slowly but in a timely manner. FOREX: The yen traded slightly higher, after the BoJs Fukui sounded more hawkish on policy but calm on carry trades. "The yen-carry trade has occurred naturally as a result of the interest rate gap. Our monetary policy isnt specifically targeting the yen-carry trade, although we will closely monitor the trend," Fukui said. METALS: Spot gold was little changed at around $627.30. ScotiaMocatta says gold remains confined to a $626-$629 band. LME 3-month copper was quoted at around $6,400/metric ton, up about $20 from the late kerb close, with customers buying on dips after the robust U.S. housing data. OIL: "It seems that for all the talk about the OPEC cuts and the geopolitical flare-ups around the world, the weather in the US is the key factor keeping the pressure on prices," Edward Meir at Man Financial says of tensions over Irans nuclear program and fighting in Somalia. The markets focus Thursday should turn to the weekly U.S. oil data, expected to show gains in products inventories, lower crude stocks and higher refinery runs. February Nymex crude was up 7 cents at $60.41/bbl; February ICE Brent was up 3 cents higher at $60.55/bbl. EUROPEAN OUTLOOK: Stock Markets May Start Higher Euro-USD 1.3118 0.0000 0.00% Stlg-USD 1.9578 gain 0.0017 up 0.08% USD-Franc 1.2258 loss 0.0002 dn 0.02% (All values as of 0550 GMT) European stock markets may nudge higher to open, while government debt and the euro start under light pressure. STOCKS: European shares may try to stretch their winning streak Thursday, but gains could evaporate should Wall Street futures remain negative. Spreadbettor IG Index is calling the FTSE up 10 at 6255, the DAX up 10 at 6618 and the CAC up 10 at 5550. On Wednesday, European stock markets closed higher, with oil-price weakness and speculation over possible tieups in the automotive industry among the factors lifting shares. FOREX: The euro is opening little changed against the dollar, pending more U.S. data later, such as the Chicago PMI and consumer confidence readings. Support is put at $1.3090. Against the yen, the euro was expected to consolidate with a slightly negative bias, with support at Y155.43. The pair is currently at 155.76. BONDS: Prices of European government bonds open under some pressure from resilient U.S. housing data, which again doused hopes for a slowdown and an easier Fed policy. "The numbers confirm the view that the (U.S.) real estate market is heading for a soft landing, with less spill-over effects seen for the overall U.S. economy, and that weighs on the market...Its vulnerable, and unlikely to recover much in the short term. I stick with my bearish view," said a trader. Thursday may liven up the markets, with U.S. consumer confidence, and existing home sales scheduled for release. Friday has little on the economic data calendar. CALENDAR: Thursday, Dec 28: UK Housing; US Energy Data GMT Expected Previous 0700 UK Dec Housing Review 1330 US Dec 23 Jobless Claims +1K +9K 1500 US Nov Existing Home Sales -1.0% +0.5% 1500 US Dec Conference Board Consumer Confidence 102.5 102.9 Index 1500 US Dec Chicago PMI 50.2 49.9 1500 US Dec 16 DJ-BTMU Business Barometer +0.3% 1530 US Dec 22 US Energy Dept Crude Oil Stocks (in -1.32M -6.3M barrels) 1530 US Dec 22 US Energy Dept Distillate Stocks (in +220K +1.2M barrels) 1530 US Dec 22 US Energy Dept Gasoline Stocks (in +590K +1M barrels) 1600 US Dec Kansas City Fed Mfg Index 6 2130 US Money Supply 2330 JPN Dec Japan Nomura/JMMA PMI Report on Mfg N/A JPN Nov Provisional Labor Survey OTHER SCHEDULED EVENTS: DIVIDEND PAYMENTS & EX DIVIDEND DATES: Gabriel Holding (GABR.KO): FY 2006 Dividend Payment Date HSBC Infrastructure Company (HICL.LN): 1H 2006 Dividend Payment Date Scottish Power (SPW.LN): 1H 2006 Dividend Payment Date (END) Dow Jones Newswires


 

Evox Rifa Group has agreed on the conditions of a EUR 3.3 million investment and working capital financing. The investment financing will be used for the start-up of the manufacturing of new products at the Evox Rifa's plant in Finland. EVOX RIFA GROUP OYJ Tuula Ylhäinen President & CEO Further information: Evox Rifa Group Oyj, Ms. Tuula Ylhäinen, tel. +358 9 5406 5001 Distribution: Helsinki Stock Exchange, principal media


 

Stora Enso Oyj Stock Exchange Release 28 December 2006 at 07.00 GMT Stora Enso is investing EUR 54.8 million in rebuilding fine paper machine 3 (PM 3) at its Varkaus Mill in Finland to improve efficiency at the mill and profitability in the Office Paper business area. This project, which will increase mill specialisation within the division, is scheduled to be completed in December 2007. The investment is in line with Stora Enso's fine paper strategy. PM 1 at Varkaus Mill, which had an annual capacity of 95 000 tonnes of single-coated fine paper, was closed down in November 2006 as part of Stora Enso's Asset Performance Review. Arrangements for the closure of PM 1 were negotiated locally, which enabled the new investment. The investment will increase the mill's annual production capacity by about 95 000 tonnes to 315 000 tonnes of uncoated fine paper, but the number of personnel will not increase. Following the investment, envelope paper production will be transferred from Veitsiluoto Mill to Varkaus Mill, allowing Veitsiluoto Mill to specialise in producing document printing paper. Production of writing paper will be transferred from Varkaus Mill to Imatra Mills. "Varkaus Mill is a fully integrated mill located close to good fibre resources. Through this investment we can improve the fine paper mill's future competitiveness and strengthen its position in the division's asset portfolio," comments Pekka Laaksonen, SEVP, Stora Enso Fine Paper. Recent investments in Varkaus Mill include: - approximately EUR 47 million in rebuilding of the woodhandling department to be completed in September 2007; - approximately EUR 47 million in a new thermomechanical pulp (TMP) line completed in summer 2004; - approximately EUR 20 million in sawmill modernisation completed in spring 2004. For further information, please contact: Juha Vanhainen, SVP, Stora Enso Fine Paper, Office Papers, tel. +358 40 541 8178 Reino Panula, General Manager, Stora Enso Varkaus Mill, tel. +358 2046 32740 Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197 Keith B Russell, SVP, Investor Relations, tel. +44 7775 788 659 Stora Enso's Varkaus Mill produces fine paper, directory paper, newsprint and coreboard on three paper machines and one board machine with a total annual capacity of about 620 000 tonnes of paper and board, plus 345 000 m3 of sawn wood products. The mill's annual wood consumption is approximately 2.3 million m3. The mill employs about 1 000 people. Previous press releases concerning Varkaus Mill are available at www.storaenso.com/press: - 21 March 2006: Stora Enso invests in woodhandling at Varkaus Mill - 27 October 2005: Stora Enso creates platform for stronger financial performance - 19 November 2002: Stora Enso to upgrade and modernise its pulp and sawmill production lines at Varkaus www.storaenso.com www.storaenso.com/investors


 

KYOTO, Japan, Dec. 27, 2006 (PRIME NEWSWIRE) -- Nidec Corporation ("Nidec") (NYSE:NJ) announced today that it completed the acquisition of the Motors & Actuators business of Valeo S.A., France, on December 27, 2006, for approximately 142 million euros (22 billion yen). As a result, Nidec has included six additional companies (collectively "Nidec Motors & Actuators" or "NMA") in its scope of subsidiaries. With its umbrella administration function based in France, NMA has operating arms in Germany, Poland, Spain, U.S.A. and Mexico, employing approximately 1,700 people. Over the next 12 months, all NMA products will be sold under the brand name "Nidec-Valeo." While strengthening NMA's competitive positions in its key European and North American markets, Nidec intends to expand NMA's market reach to Japan and other Asian countries. In the meantime, Nidec plans phased investments in NMA's manufacturing bases to increase their production capacity, with an expansion of the NMA (Poland) factory under consideration. Nidec starts working on a technical synergy between its brushless motors and NMA's brush motors in the manner that meets a variety of customer needs and changing technological requirements. Nidec expects NMA to deliver sales contribution of approximately 10 billion yen and breakeven operating profit performance for the year ending March 31, 2007. Full copy of the press release: http://www.nidec.co.jp/english/ir/indexdata_e/2006/1228.pdf The Nidec Corporation logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1734 CONTACT: Nidec Corporation Hiroshi Toriba, Senior General Manager Investor Relations +81-75-935-6140 HIROSHI_TORIBA@notes.nidec.co.jp


 

NEWS RELEASE DATE: DECEMBER 27, 2006 TRADING SYMBOLS: TSX-V (Canada): WGP.V FRANKFURT: WE6.F NOTC: WGEO GRANTING OF INCENTIVE STOCK OPTIONS VANCOUVER, Canada, December 27, 2006, TSX Venture Exchange Trading Symbol: WGP - Western GeoPower Corp., the "Company") announces the granting of 1,850,000 incentive stock options to purchase capital stock of the Company at a price of $0.155 per share for a period of five years under the Stock Option Plan, to its directors, officers, consultants and employees as approved by the Board on December 19, 2006. Corporate Overview Western GeoPower Corp. is a renewable energy company dedicated to the development of geothermal energy projects for the delivery of clean, base-load electricity generation. The Company holds 100% interests in the South Meager Geothermal Project in British Columbia, Canada and the Unit 15 Steam Field located in The Geysers Geothermal Field in California, United States. On behalf of Western GeoPower Corp. "Kenneth MacLeod" Kenneth MacLeod, President & CEO Cautionary Note Regarding Forward-Looking Statements Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above that reflect the Company's expectations and projections about its future results. The Company has tried whenever possible to identify these forward-looking statements which include but are not limited to, words such as "anticipates," believes," "estimates," "expects," "plans," "intends," "potential," and similar expressions. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The Company disclaims any obligation or intention to update or to revise any forward-looking statement, whether as a result of new information, future events or otherwise. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. This news release is not for dissemination in the United States of America or to United States of America news services. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. For more information or to be put on our email list, please contact our office: (604) 662-3338 or US/Canada Toll Free: 1-866-662-3322, email: info@geopower.ca Investor Relations: IR@geopower.ca --- End of Message --- WKN: 254049; ISIN: CA95827Q1037; ;


 

NEWS RELEASE DATE: DECEMBER 27, 2006 TRADING SYMBOLS: TSX-V (Canada): WGP.V FRANKFURT: WE6.F NOTC: WGEO GRANTING OF INCENTIVE STOCK OPTIONS VANCOUVER, Canada, December 27, 2006, TSX Venture Exchange Trading Symbol: WGP - Western GeoPower Corp., the "Company") announces the granting of 1,850,000 incentive stock options to purchase capital stock of the Company at a price of $0.155 per share for a period of five years under the Stock Option Plan, to its directors, officers, consultants and employees as approved by the Board on December 19, 2006. Corporate Overview Western GeoPower Corp. is a renewable energy company dedicated to the development of geothermal energy projects for the delivery of clean, base-load electricity generation. The Company holds 100% interests in the South Meager Geothermal Project in British Columbia, Canada and the Unit 15 Steam Field located in The Geysers Geothermal Field in California, United States. On behalf of Western GeoPower Corp. "Kenneth MacLeod" Kenneth MacLeod, President & CEO Cautionary Note Regarding Forward-Looking Statements Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above that reflect the Company's expectations and projections about its future results. The Company has tried whenever possible to identify these forward-looking statements which include but are not limited to, words such as "anticipates," believes," "estimates," "expects," "plans," "intends," "potential," and similar expressions. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The Company disclaims any obligation or intention to update or to revise any forward-looking statement, whether as a result of new information, future events or otherwise. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. This news release is not for dissemination in the United States of America or to United States of America news services. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. For more information or to be put on our email list, please contact our office: (604) 662-3338 or US/Canada Toll Free: 1-866-662-3322, email: info@geopower.ca Investor Relations: IR@geopower.ca --- End of Message --- WKN: 254049; ISIN: CA95827Q1037; ;


 

Impax Environmental Markets plc announces that as at the close of business on 22 December 2006 its undiluted net asset value ("NAV") per ordinary share was 110.85p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 109.51p. The investments in the above portfolio have been valued at bid prices. ---END OF MESSAGE---


 

In accordance with the requirements of Listing Rule 9.6.14R, Advance Focus Fund Limited ("ADF") announces that Christopher Spencer has been appointed a director of Henderson Far East Income Limited. ---END OF MESSAGE---


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the Takeover Code) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | Tisbury Capital | | | Management LLP | |------------------------------------------------+------------------| | Company dealt in | Corus Group Plc | |------------------------------------------------+------------------| | Class of relevant security to which the | 50p ordinary | | dealings being disclosed relate (Note 2) | | |------------------------------------------------+------------------| | Date of dealing | 22 December 2006 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +-------------------------------------------------------------------+ | | Long | Short | | | | | |--------------------------------+-------------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |--------------------------------+------------+------+--------+-----| | (1) Relevant securities | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (2) Derivatives (other than | | | | | | options) | 30,447,131 | 3.28 | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | Total | 30,447,131 | 3.28 | | | | | | | | | +-------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +-------------------------------------------------------------------+ | Class of relevant security: | Long | Short | | | | | |-------------------------------------+--------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (1) Relevant securities | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (2) Derivatives (other than | | | | | | options) | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | Total | | | | | | | | | | | +-------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | | | | | | | | |---------------+----------------------+-------------------------| | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short | Number of securities | Price per | | name, | (Note 6) | (Note 7) | unit (Note 5) | | e.g. CFD | | | | |----------+------------+---------------------------+---------------| | CFD | Long | 202,830 | 529.8698 | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 27/12/2006 | |------------------------------------------------+------------------| | Contact name | Stephen Platts | |------------------------------------------------+------------------| | Telephone number | +44 20 7070 9635 | |------------------------------------------------+------------------| | If a connected EFM, name of offeree/offeror | | | with which connected | | |------------------------------------------------+------------------| | If a connected EFM, state nature of connection | | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Share buy-back: Third Advance Value Realisation Company Limited ("the Company") announces that it has today bought 1,047,240 of its own redeemable preference shares in the market at 97p per share. Voting Rights and Share Capital: In conformity with the Transparency Directive's transitional provision 6, the Company notifies the market of the following: The Company's share capital consists of 22,836,717 ordinary shares and 8,115,960 redeemable preference shares. Both classes of shares have voting rights. The Company holds no shares in Treasury. The above figures may be used by shareholders as the denominators for the calculations by which they will determine if they are required to notify their interest in, or a change of interest in, the Company under the FSA's Disclosure and Transparency Rules. This announcement supersedes that previously made in connection with transitional provision 6. ---END OF MESSAGE---


 

Landsbanki Íslands hf., together with other member companies of the Bank Employees' Pension Fund, have signed an agreement to resolve operating difficulties of the proportional division of the Bank Employees' Pension Fund. The agreement was concluded following negotiations between the Bank Employees' Pension Fund and the fund's member companies concerning settlement of pension obligations following the incorporation of Landsbanki Íslands and Búnaðarbanki Íslands as limited companies as of 1 January 1998. Landsbanki has already set aside a sum sufficient to cover cost incurred by the bank as a result of this agreement. The conclusion of this agreement therefore removes all uncertainty as to claims by the proportional division of the Bank Employees' Pension Fund on Landsbanki but does not affect Landsbanki's Q4 operating outcome. For further information contact: Atli Atlason, Landsbanki Managing Director of Human Resources, tel. +354 410 7900. ---END OF MESSAGE---


 

WALTHAM, Mass.--(BUSINESS WIRE) - December 27, 2006--OXiGENE, Inc. (NASDAQ: OXGN, XSSE: OXGN) today announced it has completed a Phase II Study in patients with advanced imageable malignancies. This was a randomized open-label study of intravenous CA4P administered at 45 or 63 mg/m2 followed by paclitaxel and carboplatin in 13 patients. The objectives of the trial were to identify optimal dose of CA4P for blood flow shutdown and to demonstrate safety and efficacy of CA4P in combination with paclitaxel and carboplatin. All patient data have been collected and analyzed, with the exception of one patient who is still continuing in the optional extension phase of the protocol due to continued good clinical response. Topline data from the study indicate that the objectives of the study were met. The imaging confirmed blood flow shutdown in a wide variety of advanced imageable malignancies, safety is in line with expectations and tumor responses were seen in multiple patients. "We are pleased with the study results, and the completion of this study again illustrates our focus on timely execution of our programs" said OXiGENE's President and CEO, Richard Chin, MD. The study was conducted at the Huntsman Cancer Center (HCI), University of Utah by Dr. Wallace Akerley and his co-investigators. It is anticipated that the results will be presented at an upcoming scientific meeting in 2007. Background Despite advances in the management of cancer with radiotherapy, chemotherapy and surgery, there is an unmet medical need for treatments with new mechanisms of action, which may act synergistically with chemotherapy and radiotherapy. Tumor vasculature has become a relatively recent target in the development of new cancer therapies, with the focus aimed primarily on compounds that prevent the formation and growth of new blood vessels (i.e., anti-angiogenesis therapy). Combretastatin A-4 Phosphate (CA4P) is a novel anti-cancer agent that has displayed potent and selective toxicity towards tumor vasculature in clinical studies to date. Our strategy for optimizing the antitumor activity of CA4P is to combine it with cytotoxic agents. The rationale for combining CA4P with other cytotoxic regimens stems from the hypothesis that agents with different and potentially complimentary mechanisms of action and with a non-overlapping toxicity profile may achieve synergistic antitumor activity when administered concurrently. CA4P has been shown to enhance and the anti-tumor effects of several chemotherapeutic agents and radiation in animal studies. About OXiGENE, Inc. OXiGENE is an emerging pharmaceutical company developing novel small-molecule therapeutics to treat cancer and eye diseases. The Company's major focus is the clinical advancement of drug candidates that selectively disrupt abnormal blood vessels associated with solid tumor progression and visual impairment. OXiGENE is dedicated to leveraging its intellectual property position and therapeutic development expertise to bring life saving and enhancing medicines to patients. Safe Harbor Statement This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any or all of the forward-looking statements in this press release may turn out to be wrong. Forward-looking statements can be affected by inaccurate assumptions OXiGENE might make or by known or unknown risks and uncertainties. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in OXiGENE's reports to the Securities and Exchange Commission, including OXiGENE's Form 10-Q, 8-K and 10-K reports. However, OXiGENE undertakes no obligation to publicly update forward-looking statements, whether because of new information, future events or otherwise. Please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2005 for a description of these risks. CONTACT: OXiGENE, Inc. Investor Relations 781-547-5900 SOURCE: OXiGENE, Inc.


 

Reykjavik (IFN) Icelandic investment group FL Group said on Wednesday that it now owns 5.98% of the share capital of AMR Corporation, making it the third largest shareholder in the airline.


 

Stockholm (IFN) Icelandic investment company FL Groups sale of Sterling Airlines for ISK20 billion, or about $279 million, is part of the groups strategy to sell off its operating companies and focus on financial investments, a top executive said Wednesday.


 

Nordic Business Report-December 27, 2006-AF Gruppen ASA wins building contract for new apartments (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian construction group AF Gruppen ASA said on Wednesday (27 December) that its subsidiary AF Bygg Ost has entered into a contract with Vaerste AS regarding the building of new apartments in Fredrikstad. The project consists of 35 apartments in the first construction stage with a value of NOK69m. There is also an option regarding the building of a further 105 apartments. In total the contract has a value of NOK237m. The work is scheduled to start in March 2007 and should be completed in September 2008. AF Gruppen is headquartered in Oslo, Norway. It is one of Norways leading civil engineering and building contractors and has an annual turnover of approximately NOK4bn. AF Gruppen is listed on the Oslo Stock Exchange under the ticker AFG. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 27, 2006-Finnish consumer confidence up in December 2006 (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Statistics Finland, the Finnish state statistics agency, said on Wednesday (27 December) that Finnish consumers confidence in the economy increased in December 2006, with the consumer confidence indicator at 18.2, up from 17.9 in November 2006. Compared to 12 months ago expectations concerning Finlands economy and the development of unemployment grew clearly brighter. Some 25% of consumers believed that Finlands economic situation would improve in the next 12 months, while 17% thought the countrys economy would deteriorate. Meanwhile 29% of consumers believed that their own economic situation would improve and only 10% feared it would worsen in the next 12 months. The statistics agency said that 24% of consumers thought in December 2006 that unemployment would increase in the next 12 months while 42% believed that it would decrease. Consumers predicted that the rate of inflation would increase by 2.5% in the next 12 months. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Third Advance Value Realisation Company Limited announces that as at the close of business on 22 December 2006 the unaudited net asset values per share were: Ordinary Shares 118.42 pence, and Redeemable Preference Shares 100.00 pence. The investments in the Company's portfolio have been valued at bid price and 22,836,717 Ordinary Shares and 9,163,200 Redeemable Preference Shares used in the above calculations. ---END OF MESSAGE---


 

Wärtsilä Corporation, Trade & Technical Press Release, 27 December, 2006 Wärtsilä Corporation has won an order to deliver two BioEnergy wood-fired heating plants to the Finnish/Swedish paper company Stora Enso for installation in Russia. Their combined heating capacity is 24 MWth. One plant will be at Impilahti in the Russian region of Karelia. It will be equipped with a Wärtsilä BioEnergy 10 boiler unit. The other plant will be at Nebolch in the Novgorod region of Russia. It will be equipped with two Wärtsilä BioEnergy boiler units in the same building. One will produce 6 MWth and the other 8 MWth. Thus the plant will have the flexibility to operate on one BioEnergy boiler unit if the heat demand is low and both boiler units when the heat demand merits. The provision of two boiler units also ensures continuity of heat supply when one or the other is being serviced. The Impilahti plant will start producing heat at the end of September and the Nebolch plant in October 2007. Both plants will burn wood residue in the form of bark from the Stora Enso sawmills. They will provide heating in the form of hot water for the sawmills' needs. Apart from the economical benefits of burning residue material, the plants will have the ecological benefit of using a renewable resource thereby being neutral with respect to carbon emissions and thus global warming. "An important factor in choosing Wärtsilä as our supplier, was Wärtsilä's long experience of boiler plant deliveries to Russia. Wärtsilä's BioEnergy plants have the proper certificates and licenses for the Russian market, and we have very good experience from previous cooperation with Wärtsilä as a business partner," says Tapio Särkkä, Project Manager, Stora Enso Timber Oy Ltd. There are already seven Wärtsilä BioEnergy boiler plants with a combined heating capacity of 52 MWth owned by Stora Enso in Estonia, Latvia and Lithuania. Wärtsilä's biomass-fuelled plants are clean and efficient. They are practical solutions for meeting the need for renewable energy supplies with minimum environmental impact. They incorporate patented Wärtsilä BioGrate combustion technology to burn biomass fuels with high combustion efficiency and low NOx and CO emissions. The moisture content of the fuel can be as high as 65%. The NOx emissions of such wood-fuelled plants are negligible. The fly ash is removed from the flue gases in an electrostatic filter or multicyclone in accordance with local regulations. Wärtsilä BioEnergy plants are highly modular, being based on well-proven standardised components with a conservative design approach. The plants can thus be delivered and installed quickly. Their proven technology results in a reliable, durable plant. They are also highly automated, enabling unmanned operation. Wärtsilä in brief: Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 13,000 professionals manning 130 Wärtsilä locations in close to 70 countries around the world. www.wartsila.com For further information, please contact: Maria Nystrand Public Relations Manager, Power Plants Wärtsilä Corporation Direct tel: +358 10 709 1456 Direct fax: +358 10 709 1425 e-mail: maria.nystrand@wartsila.com Internet: www.wartsila.com


 

Nordic Business Report-December 27, 2006-Alma Media Corporation subsidiary to cut 30-40 jobs (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish media group Alma Media Corporation said on Wednesday (27 December) that its subsidiary Kauppalehti Oy will start statutory personnel negotiations concerning its entire personnel of approximately 210 employees. The aim of the negotiations is to reduce the workforce by an estimated 35-40 people. The negotiations will seek a new organisational model and mode of operation that more effectively supports the multimedia nature of Kauppalehtis editorial function. The need for change is partly the result of weaker than expected media sales by Finnish business newspapers over several years. Media sales by the business press between January and November this year fell by 3%. Kauppalehti is Finlands leading business and financial medium. The Kauppalehti business daily has a circulation of 81,006, while the printed products in the Kauppalehti group account for about 44% of total business print advertising in Finland. Alma Media, headquartered in Helsinki, Finland, invests in newspapers and online media. Its net sales in 2005 totalled EUR286m and the operating margin was almost 15%. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 27, 2006-Awilco Offshore ASA takes delivery of second Ultra Premium jackup drilling rig (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian offshore contractor Awilco Offshore ASA said on Wednesday (27 December) that it has taken delivery of its second Ultra Premium jackup drilling rig. The rig has been delivered from Keppel FELS Shipyard in Singapore as scheduled and within budget. The rig is to be delivered to the Peak group (Asia Pacific) in February 2007 for commencement of a contract of 13-24 months offshore Australia. No financial information was provided. Awilco Offshore ASA is headquartered in Oslo, Norway. The company is listed on the Oslo Stock Exchange under the ticker AWO. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 27, 2006-Scania wins order for trucks in Brazil (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish trucks and buses manufacturer Scania said on Wednesday (27 December) that it has been chosen by the mining company Vale do Rio Doce as a supplier of construction trucks and workshop services. The number of trucks will total at least 300, of which 120 were recently delivered. The trucks will be used for transporting iron ore at a big mining project in the Brazilian state of Minas Gerais. No financial information was provided. Scania, headquartered in Sodertalje, Sweden, manufactures trucks, buses and engines. It has 30,000 employees in some 100 countries and reported revenues of SEK63.3bn in 2005. Scania is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 27, 2006-Wartsila Corporation wins order for two BioEnergy plants in Russia (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish power plants and ship power solutions supplier Wartsila Corporation said on Wednesday (27 December) that it has won an order to deliver two BioEnergy wood-fired heating plants to the Finnish paper company Stora Enso for installation in Russia. One plant will be at Impilahti in the Russian region of Karelia. It will be equipped with a Wartsila BioEnergy 10 boiler unit. The other plant will be at Nebolch in the Novgorod region of Russia, and will be equipped with two Wartsila BioEnergy boiler units in the same building. Both plants will burn wood residue in the form of bark from the Stora Enso sawmills. They will provide heating in the form of hot water for the sawmills needs. No financial information was provided. Wartsila Corporation supplies power solutions for the marine and energy markets. The company has over 13,000 employees in 70 countries, and reported a turnover of EUR2.64bn in 2005. Wartsilas shares are traded on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 27, 2006-Wilh. Wilhelmsen ASA and Hereema Group sell Dockwise Transport to 3i (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian shipping company Wilh. Wilhelmsen ASA said on Wednesday (27 December) that Wilh. Wilhelmsen ASA and the offshore services company Heerema Group have agreed to a buyout of Dockwise Transport N.V., a Dutch heavy transportation company based in Breda, by the private equity company 3i. The deal is valued in excess of USD700m. Dockwise specialises in heavy-lift transportation for the marine and oil and gas industry and has a fleet of 15 semi-submersible vessels. The Heerema Group and Wilh. Wilhelmsen ASA previously owned 76% and 24% respectively of Dockwise. Both Heerema and Wilh. Wilhelmsen wish to focus on their respective core businesses. Wilh. Wilhelmsen ASA is a leading global provider of maritime services. It has some 13,200 employees and has 388 offices in 70 countries. The company is listed on the Oslo Stock Exchange under the ticker WWI. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Stock Exchange Announcement, December 27, 2006 SUBSCRIPTION TO KEMIRA SHARES UNDER STOCK OPTION PROGRAMME 2001 A total number of 57.011 new shares in Kemira Oyj have been subscribed on the basis of the stock option rights granted under the stock option program of the year 2001. In accordance with the stock option program the subscription price of shares was EUR 2.11 per share. The increase in share capital relating to the new shares will be entered in the trade register on December 29, 2006, whereby the share capital in Kemira Oyj increases by EUR 101,106.46. After the increase the share capital of Kemira Oyj is EUR 221,624,481.75. Including the new shares, the total amount of shares in Kemira Oyj comes up to 124,967,611 shares. The shareholder rights relating to the new shares commence as of December 29, 2006 and will entitle to a dividend equal to that of the old shares in the company. An application will be made for entering the new shares on to the Helsinki Stock Exchange Main List for public trading, together with the old shares in the company. Trading in these shares will start on January 2, 2007. For further information please contact Kemira Oyj, Jukka Hakkila, Secretary to the Board of Directors Tel. +358 (0)10 862 1690, GSM +358 (0)40 544 2303 Kemira is a chemicals group that is made up of four business areas: pulp and paper chemicals, water treatment chemicals, performance chemicals and paints. Kemira is a global group of leading chemical businesses with unique competitive position and a high degree of mutual synergy. In 2005, Kemira recorded revenue of around EUR 2 billion and had a payroll of 8,000 employees. Kemira operates on all continents, in 40 countries.


 

Advance Developing Markets Trust plc announces that its unaudited Net Asset Value (NAV) as at the close of business on 22 December 2006 was £288.866 millions, representing a NAV of 365.77p per share. The investments in the Company's portfolio have been valued at bid price in the above calculations. Visit our website at http://www.pro-asset.com/ ---END OF MESSAGE---


 

Awilco Offshore has today taken delivery of its second Ultra Premium jackup drilling rig. The rig has been delivered from Keppel FELS Shipyard in Singapore as scheduled and within budget. WilCraft is of the KFELS MOD V 'B' Class, capable of drilling in water depths of up to 400 feet and to drill high pressure and high temperature wells down to 30,000 feet drilling depth. The rig is to be delivered to the Peak group (Asia Pacific) in February 2007 for commencement of its 13-24 months contract offshore Australia. Oslo, December 27, 2006 For further information, please contact: Henrik Fougner, Managing Director (+47 906 88608) Awilco Offshore has invested in seven jack-up drilling rigs (of which five are under construction) and two accommodation units. The company also holds an option for the construction of one further jack-up drilling rig. In addition Awilco Offshore owns approximately 87 % of OffRig Drilling ASA.


 

Reykjvik/Stockholm (IFN) Icelandic investment company FL Group has sold Denmark-based low budget airline Sterling for ISK20 billion, the company said on Wednesday.


 

- The total turnover of the companies owned by Northern Travel Holding around ISK 120 billion - The companies fly around 7.5 million passengers each year FL Group has sold the Danish low cost carrier Sterling Airlines for a consideration of ISK 20 billion (DKK 1,570 million, EUR 210 million). The airline is being sold to a newly established leisure company, Northern Travel Holding. Northern Travel's shareholders are the Icelandic investment companies, Fons, FL Group and Sund. Northern Travel will also hold all of the shares in Iceland Express, 51% of the UK based charter airline Astraeus, 29.26% of the listed Swedish travel agent Ticket and all of the shares in Danish travel agent Hekla Travel. FL Group acquired Sterling in October 2005 when the company had recently merged with Maersk Air and in this year FL Group has operated the airline and orchestrated a substantial turnaround of its operations. The sale of Sterling into the larger leisure group Northern Travel is a logical step to increase the value of Sterling. The consideration will be paid with ISK 6 billion in cash (DKK 470 million, EUR 63 million) and with ISK 14 billion (DKK 1,095 million, EUR 150 million) in the form of a three year shareholder loan. In addition to this, Northern Travel will over the next twelve months resolve all operating relations to FL Group including operating loans, guarantees provided by FL Group etc. The sale of Sterling has minimal impact on FL Group's profit and loss account and equity position. Following the sale Sterling will no longer form part of FL Group's consolidated accounts. This transaction cancels the earn-out agreement in the original acquisition agreement between FL Group and Fons. Despite this, FL Group receives a similar cash consideration from the transaction. Northern Travel's shareholders are Fons (44%), FL Group (34%) and Sund (22%). The company is funded with a mixture of debt and equity, including ISK 11.5 billion (DKK 900 million, EUR 121 million) in equity. Through its shareholder base Northern Travel has a strong financial backup and considerable investment capacity for further reorganising the Scandinavian travel industry. The new company will be market leading, combining Scandinavia's largest low cost carrier with Scandinavia's largest retailer in the travel industry. Along with the acquisition of Sterling Airlines, Northern Travel is acquiring all of the shares in Iceland Express, 51% of shares in Astraeus, all of the shares in Hekla Travel and approximately 30% of outstanding shares in Ticket. The turnover of the companies forming Northern Travel will be around ISK 120 billion (DKK 10 billion, EUR 1,260 million) and the number of passengers flown around 7.5 million. Hannes Smárason, FL Group's CEO commented: "The formation of Northern Travel is a very exciting project that we believe will be a major force within the travel and tourism industry in the Nordic area. With the sale of Sterling into this company we believe we will be better positioned to benefit from the opportunities that exist within the Nordic market. Its mix of companies covers every niche of the travel market and is therefore extremely well equipped to market its products to customers, young and old, business or pleasure. Increased cooperation between the Northern Travel companies offers unique opportunities to travellers where low prices and quality travel will be the key. The sale of Sterling is at the same time an important milestone in the development of FL Group. We are now selling off the last 100% owned operating company within the airline sector. Our exposure to the sector is currently both through private and public holdings. We are also happy to deliver Sterling to its new owners in the best shape the company has ever been in and would like to thank Sterling's management and staff for their excellent work over the last 12 months.." Pálmi Haraldsson, Chairman of Northern Travel Holding commented: "Northern Travel offers great potential. We believe that this unique combination of assets will have a great effect on the Nordic travel and tourism market. The company is heavily represented in all the Nordic countries and intends to increase its representation through various means. All of the companies will continue to be operated in current form and no change in staff is planned. The shareholders of Northern Travel all want to expand the businesses of the underlying companies and tighten their cooperation. The goal of the owners is to make Northern Travel a profitable, inventive and forward looking entity. " Further information: Hannes Smarason, Pálmi Haraldsson, CEO of FL Group Chairman of Northern Travel Holding Tel.: +354 591 4400 Tel.: +354 692 2222 (after 12:00 GMT) Martin Niclasen Managing Director FL Group Nordic Tel.: +45 2149 2099 About FL Group FL Group is an investment company, focusing on strategic and private equity investments as well as proprietary trading, with a particular emphasis on active participation in markets with listed securities. The Company focuses on investments in companies in Northern Europe on a broad basis. At the end of September 2006 FL Group's total assets amounted to ISK 239.5 billion (USD 3.4 billion). FL Group is listed on the Icelandic Stock Exchange (ICEX: FL). The largest shareholders of FL Group are Eignarhaldsfélagid Oddaflug ehf. (19.8%), owned by Hannes Smárason, CEO; Baugur Group (18.1%), Gnúpur fjárfestingafélag hf. (17.2%) and Icon and Materia Invest (10.7%). More info on www.flgroup.is


 

Nordic Business Report-December 27, 2006-FL Group hf sells Danish low-cost airline Sterling Airlines (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Icelandic investment group FL Group hf said on Wednesday (27 December) that it has sold the Danish low-cost carrier Sterling Airlines for a consideration of ISK20bn to a newly established leisure company, Northern Travel Holding. Northern Travels shareholders are the Icelandic investment companies Fons (44%), FL Group (34%) and Sund (22%). Northern Travel will also hold all of the shares in Iceland Express, 51% of the UK-based charter airline Astraeus, 29.26% of the listed Swedish travel agent Ticket and all of the shares in Danish travel agent Hekla Travel. FL Group said that the sale of Sterling into the larger leisure group Northern Travel is a logical step to increase the value of Sterling. The consideration will be paid with ISK6bn in cash and ISK14bn in the form of a three-year shareholder loan. In addition to this Northern Travel will over the next 12 months resolve all operating relations to FL Group including operating loans, guarantees provided by FL Group etc. FL Group is headquartered in Reykjavik in Iceland and is listed on the Icelandic Stock Exchange. Its total assets amount to over ISK202bn. One British pound (GBP) is worth approximately 129.46 Icelandic kronur (ISK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 27, 2006-FL Group hf stake in AMR Corporation exceeds 5% (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Icelandic investment group FL Group hf said on Wednesday (27 December) that it now owns 5.98% of the share capital of AMR Corporation (NYSE:AMR), making it the third largest shareholder in the airline. The total investment exceeds USD400m. AMR Corporation is the parent company of American Airlines. American, American Eagle and the AmericanConnection airlines serve 250 cities in over 40 countries with more than 4,000 daily flights. The combined network fleet has more than 1,000 aircraft. In the first nine months of 2006 AMR made a profit of USD214m. FL Group is headquartered in Reykjavik in Iceland and is listed on the Icelandic Stock Exchange. Its total assets amount to over ISK202bn. One British pound (GBP) is worth approximately 1.91 US dollars (USD). One British pound (GBP) is worth approximately 129.46 Icelandic kronur (ISK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 27, 2006-Kongsberg Gruppen ASA subsidiary acquires Sense Intellifield AS (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian high-tech group Kongsberg Gruppen ASA said on Wednesday (27 December) that its subsidiary Kongsberg Maritime AS has acquired 100% of the technology enterprise Sense Intellifield AS for some NOK290m on a debt-free basis. The purchase price may increase, depending on the companys profit trend in 2007 and 2008. Sense Intellifield delivers products and services in the field of integrated operations for the international oil and gas market. Among other products, the company has developed software to retrieve, transmit, store and display data about well and drilling services on rigs. Sense Intellifields sales in 2006 came to some NOK115m. The company has about 70 employees at its offices in Stavanger, Kristiansand, Oslo, Trondheim and Houston. The acquisition of Sense Intellifield is expected to reinforce Kongsberg Maritimes position in the international oil and gas industry. Kongsberg Gruppen is a high-tech group serving the offshore, merchant marine and defence markets. The group has 3,300 employees and reported revenues of NOK5.7bn in 2005. Kongsberg Gruppen is listed on the Oslo Stock Exchange and traded under the ticker KOG. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 27, 2006-Swedish hygiene and packaging products group SCA acquires remaining shares of SCA Packaging Asia (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish hygiene and packaging products producer SCA (Svenska Cellulosa Aktiebolaget SCA) said on Wednesday (27 December) that it has purchased the remaining 7.5% of the shares in SCA Packaging Asia, formerly Central Package Group, for USD6.5m from the chemicals company Sekisui. The purchase is a continuation of SCAs acquisition in 2004, when its shareholding was increased from 65% to 92.5%. The company will now be a wholly owned subsidiary of SCA. SCA Packaging Asia has annual sales corresponding to some USD200m and SCA expects the sales to at least double within five years through organic growth. The companys operations are mainly in China, where there are 16 production units. SCA is a global consumer goods and paper company that develops, produces and markets personal care products, tissue, packaging solutions, publication papers and solid-wood products. It has production in about 40 countries and its products are sold in around 90 countries, with annual net sales in excess of SEK96bn. SCA shares are traded on the Stockholm, London and New York stock exchanges. One British pound (GBP) is worth approximately 1.91 US dollars (USD). One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Leiden, the Netherlands, December 27, 2006 - Dutch biotechnology company Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) announced today that it has signed a cross-licensing agreement with Merck & Co., Inc. In addition to previously licensed rights to PER.C6, the agreement opens the way for Merck to use Crucell technology on an exclusive basis in additional undisclosed vaccine fields. In return, Crucell receives access to Merck's large scale manufacturing technology for its AdVac®-based vaccines. "This agreement will make it possible to speed up the delivery of our malaria and TB vaccines to the people in need, and makes it realistic to do so on the mass scale required," said Jaap Goudsmit, Chief Scientific Officer at Crucell. "It also opens the way for Crucell to speed up the Ebola program with the VRC, which has recently entered a phase I clinical trial. But most importantly, it brings the reality of vaccines such as these significantly closer." Crucell's malaria vaccine program is supported by the National Institute of Allergy and Infectious Diseases (NIAID) of the U.S. National Institutes of Health (NIH). The TB vaccine program is a collaboration with the Aeras Global TB Vaccine Foundation. Both programs are based on Crucell's adenovirus vector technology, AdVac®, and are currently in Phase 1 clinical trials. About Crucell Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) is a biotechnology company focused on research, development and worldwide marketing of vaccines and antibodies that prevent and treat infectious diseases. Its vaccines are sold in public and private markets worldwide. Crucell's core portfolio includes a vaccine against hepatitis B, a fully-liquid vaccine against five important childhood diseases, and a virosome-adjuvanted vaccine against influenza. Crucell also markets travel vaccines, such as the only oral anti-typhoid vaccine, an oral cholera vaccine and the only aluminum-free hepatitis A vaccine on the market. The Company has a broad development pipeline, with several Crucell products based on its unique PER.C6® production technology. The Company licenses this and other technologies to the biopharmaceutical industry. Important partners and licensees include DSM Biologics, sanofi aventis, GSK and Merck & Co. Crucell is headquartered in Leiden (the Netherlands), with subsidiaries in Switzerland, Spain, Italy, Sweden, Korea and the US. The Company employs over a 1000 people. For more information, please visit www.crucell.com. Forward-looking statements This press release contains forward-looking statements that involve inherent risks and uncertainties. We have identified certain important factors that may cause actual results to differ materially from those contained in such forward-looking statements. For information relating to these factors please refer to our Form 20-F, as filed with the U.S. Securities and Exchange Commission on July 6, 2006, and the section entitled "Risk Factors". The Company prepares its financial statements under generally accepted accounting principles in the United States (US GAAP) and Europe (IFRS). For further information please contact: Crucell N.V. For Crucell in the US: Leonard Kruimer Redington, Inc. Chief Financial Officer Thomas Redington Tel. +31-(0)71-524 8722 Tel. +1 212-926-1733 Leonard.Kruimer@crucell.com tredington@redingtoninc.com


 

Nordic Business Report-December 27, 2006-Cargotec Corporation arranges EUR225m private placement in the US (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish cargo-handling solutions provider Cargotec Corporation said on Wednesday (27 December) that it has completed a EUR225m private placement with US institutional investors. The transaction involved 14 institutional investors and the deal was upsized from EUR150m to EUR225m due to strong investor interest. The placement carries maturities ranging between seven and 12 years and will be funded in February 2007. The proceeds will be used for general corporate purposes. Cargotec Corporation provides cargo handling solutions which are used in local transportation, terminals, ports, distribution centres and ships. In 2005 Cargotecs net sales exceeded EUR2.3bn and the company employs some 8,000 people in more than 160 countries. Cargotec is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 27, 2006-Hafslund ASA plans to build pellet factory in Norway (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian electricity and security group Hafslund ASA said on Wednesday (27 December) that it has formed a mutual company, BioWood Norway AS, together with More- og Romsdal Biobrensel AS, with the aim of establishing a factory for production of wooden pellets. BioWood Norway AS has entered an agreement to acquire the Umoe-Sterkoders industrial area at Averoy outside Kristiansund in Norway. The factory is expected to have an annual capacity of 450,000 tonnes. The final investment decision is expected to be made in the first quarter of 2007. Hafslund, headquartered in Oslo, Norway, is one of the largest listed electricity utilities in the Nordic region, as well as major player within security services and contracting. Hafslunds shares are listed on the Oslo Stock Exchange under the tickers HNA and HNB. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 27, 2006-Net Insight AB wins order for contribution network for video and data transport services (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish video, voice and data networking equipment developer Net Insight AB said on Wednesday (27 December) that it has received an order from a north European television and radio transmission operator for building a contribution network for video and data transport services between several locations. The network services will primarily be used by the national public broadcaster. The Net Insight equipment will be delivered during the fourth quarter of 2006. No financial details were provided. Net Insight, headquartered in Stockholm, Sweden, has offices in Sweden and the US. The company is listed on the Nordic Exchange in Stockholm. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 27, 2006-Norgani Hotels ASA sells four hotels in Denmark and one in Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian hotel property company Norgani Hotels ASA said on Wednesday (27 December) that it has signed the final agreement with Hotellinvest Holding AS, established by Fearnley Finans Eiendom AS, to sell four hotels in Denmark. The hotels, Clarion Copenhagen, Scandic Kolding, Scandic Glostrup and Scandic Hvidovre, have 729 rooms in total and a lettable floor area of 34,744 square metres. The property value in the agreement is set at DKK622.6m. This implies an estimated property yield of approximately 6%. Capital gain is DKK41m and the realised value gain is DKK106m. Norgani will continue to manage the sold properties according to a six-year agreement and will complete the construction of the planned conference centre. Norgani said that it has also sold the property Lappinporti, which is a small hotel with 40 rooms in Rovaniemi, Finland. The property was sold for EUR0.8m and the book gain and cash flow from the sale will be EUR0.1m. Norgani Hotels, headquartered in Oslo in Norway, is a leading Nordic hotel property company with a portfolio of 79 four- and three-star hotel properties. Norgani Hotels ASA is listed on Oslo Bors under the ticker NORGAN. One British pound (GBP) is worth approximately 11.08 Danish kroner (DKK). One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 27, 2006-Wartsila Corporation completes acquisition of German ship design company (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish power plants and ship power solutions supplier Wartsila Corporation said on Wednesday (27 December) that it has completed the acquisition of the German ship design company group SCHIFFKO. SCHIFFKO specialises in the planning and design of ships especially in the container, research and offshore vessel segments. SCHIFFKO is privately-owned and has annual net sales of approximately EUR4m and some 25 employees. The company is located in Hamburg, Germany, but operates globally. The acquisition price was not disclosed. Wartsila Corporation supplies power solutions for the marine and energy markets. The company has over 13,000 employees in 70 countries, and reported a turnover of EUR2.64bn in 2005. Wartsilas shares are traded on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Wärtsilä Corporation, Press Release, 27 December 2006 Wärtsilä Corporation announced an agreement to acquire the German ship design company group SCHIFFKO on 7 December 2006. The transaction has now been completed. SCHIFFKO specializes in the planning and design of ships especially in the container, research and offshore vessel segments. It also provides consultancy including project management and all kinds of supervisory work for shipowners and shipyards. SCHIFFKO is located in Hamburg, Germany, but operates globally. Today the annual net sales totals approximately EUR 4 million and the company has some 25 employees. For further information please contact Ms Eeva Kainulainen, VP, Corporate Communications, Wärtsilä, tel. +358 10 709 5235. www.wartsila.com


 

Executive Vice President Tore Torvund, head of Hydro`s oil and gas activities, has on 22 December 2006 exercised 67,620 stock options granted in 2002 and 2003 at a total value of NOK 8,368,557. On the same day Torvund purchased 20,000 shares at a price of NOK 190 per share. New shareholding is 38,580 shares. The options granted in 2002 were related to total shareholder return for the Hydro share during the 3-year period from 1 July 2002 until 30 June 2005. 93.2 percent of the options are exercisable. The exercise price per share is NOK 66.23. The options granted in 2003 were related to total shareholder return for the Hydro share during the 3-year period from 1 July 2003 until 30 June 2006 and the exercise price is NOK 64.32 per share. The exercise of options is carried out through a payment of cash amount equal to the difference between the exercise price and the average share price over the last five trading days amounting to NOK 189. The grants have been adjusted for the spin-off of Yara International ASA in 2004 and the 5 for 1 share split in 2006. The payment is subject to income tax. In order to remain eligible to exercise vested options, Tore Torvund is required to convert net after tax value of exercised options into an equivalent value of Hydro shares until the value of the shareholding is equal to 100 percent of his annual base salary. ****** Certain statements contained in this announcement constitute "forward-looking information" within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. In order to utilize the "safe harbors" within these provisions, Hydro is providing the following cautionary statement. Certain statements included within this announcement contain (and oral communications made by or on behalf of Hydro may contain) forward-looking information, including, without limitation, those relating to (a) forecasts, projections and estimates, (b) statements of management's plans, objectives and strategies for Hydro, such as planned expansions, investments, drilling activity or other projects, (c) targeted production volumes and costs, capacities or rates, start-up costs, cost reductions and profit objectives, (d) various expectations about future developments in Hydro's markets, particularly prices, supply and demand and competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk management, as well as (i) statements preceded by "expected", "scheduled", "targeted", "planned", "proposed", "intended" or similar statements. Although Hydro believes that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause Hydro's actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. Factors that could cause these differences include, but are not limited to, world economic growth and other economic indicators, including rates of inflation and industrial production, trends in Hydro's key markets, and global oil and gas and aluminium supply and demand conditions. For a detailed description of factors that could cause Hydro's results to differ materially from those expressed or implied by such statements, please refer to the risk factors specified under "Risk, Regulation and Other Information - Risk Factors" on page 92 of Hydro's Annual Report and Form 20-F 2005 and subsequent filings on Form 6-K with the US Securities and Exchange Commission. No assurance can be given that such expectations will prove to have been correct. Hydro disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Press contact Kama Holte Strand Phone +47 22 53 81 15 Mobile +47 917 28 838 E-mail kama.holte.strand@hydro.com Investor contact Stefan Solberg Phone +47 22 53 35 39 Mobile +47 917 27 528 E-mail stefan.solberg@hydro.com ---END OF MESSAGE---


 

December 27, 2006 Stockholm - Net Insight has received an order from a north European TV and radio transmission operator, building a contribution network for video and data transport services between several locations. The network services will primarily be used by the national public broadcaster. The Net Insight equipment will be delivered during the fourth quarter of 2006. "This shows again that our Nimbra platform is very competitive when it comes to mission critical media and data transport networks" says Fredrik Trägårdh, CEO of Net Insight. For more information, please contact: Fredrik Trägårdh, CEO of Net Insight AB Phone: +46 8 685 04 00 E-mail: fredrik.tragardh@netinsight.net About Net Insight Net Insight develops video, voice and data networking equipment that delivers guaranteed 100% QoS with maximum network utilization and multicast to provide a network that can efficiently and economically deliver advanced video services such as HDTV, Video on Demand and Digital Television combined with Internet and voice traffic. Our NimbraTM platform enables our customers to launch new revenue generating TV and video related services for Broadcast TV, CATV, Telco Triple Play and DVB-T with significantly reduced CAPEX and OPEX. Net Insight is quoted on the Stockholm Stock Exchange's list Swedish Shares - Small Cap, and has offices in Sweden and the USA. For more information, visit www.netinsight.net


 

Cargotec Corporation, Press Release, December 27, 2006 at 9.30 a.m. Finnish time Cargotec Corporation has placed a EUR 225 million (USD 300 million) Private Placement with U.S. institutional investors. 14 U.S. institutional investors participated in the transaction and the deal was upsized from EUR 150 million to EUR 225 million due to strong investor interest. The placement carries maturities ranging between 7 and 12 years and will be funded in February 2007. The proceeds will be used for general corporate purposes. Cargotec has earlier stated its ambition to grow both organically and through acquisitions. The private placement diversifies Cargotec's funding structure. The private placement was arranged by Deutsche Bank. Sender: Cargotec Corporation Kari Heinistö Senior Executive Vice President and CFO Eeva Mäkelä SVP, Investor Relations and Communications For further information, please contact: Kari Heinistö, Senior Executive Vice President and CFO, tel. +358 204 55 4542 Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281 Cargotec Corporation is the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company employs some 8,000 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange. www.cargotec.com


 

Hafslund has at the 22nd of December together with Møre- og Romsdal Biobrensel AS formed a mutual company (BioWood Norway AS) with the aim to establish a factory for production of wooden pellets. BioWood Noway AS has entered an agreement to acquire Umoe-Sterkoders industrial area at Averøy outside Kristiansund. The factory is expected to have an annual capacity of 450 000 tonnes. Final investment decision is expected to take place in 1st quarter 2007 when subsidy from Enova (www.enova.no) is clarified and other central conditions are in place. Hafslund ASA Oslo, 27 December 2006 For further information: Group Senior Vice President, Heat and Infrastructure, Per Kristian Olsen, tel. +47 91 82 77 09 Vice President Investor Relations, Heidi Ulmo, tel. +47 90 91 93 25.


 

Norgani Hotels ASA signs the final agreement with Hotellinvest Holding AS, established by Fearnley Finans Eiendom AS, to sell four hotels in Denmark. Following the announcement of a letter of intent on 14 November 2006 Norgani Hotels ASA has signed the final purchase agreement with Hotellinvest Holding AS to sell four Danish hotels - Clarion Copenhagen, Scandic Kolding, Scandic Glostrup and Scandic Hvidovre. The hotels have 729 rooms in total and a lettable floor area of 34,744 sqm (excluding the planned conference center for Clarion Copenhagen). The property value in the agreement, which is structured as a share deal, is set at DKK 622.6 million (NOK 684 million). This implies an estimated property yield of approximately 6%. The property value implies a price per room of approx. DKK 854,000 (NOK 938,000) and a price per sqm of DKK 16,650 (NOK 18,298) compared to a Norgani average per third quarter 2006 of NOK 727,000 and NOK 13,900, respectively. Capital gain is DKK 41 million (NOK 45 million) and the realized value gain is DKK 106 million (NOK116 million) where DKK 65 million (NOK 71 million) has been included in the accounts as of 30 September 2006 as increased market value. The return on equity is 90% As a result of the sale Norgani will book a gain in Q4 2006 of NOK 45 million. Norgani will continue to manage the sold properties according to a six year agreement and will complete the construction of the planned conference center mentioned above. In connection with the transaction Norgani has guaranteed a CPI adjusted gross rent and maximum operating and investment costs for the next six years and has entered into an agreement with the buyer (maturing 2012) which enables the buyer to sell the properties back to Norgani at a negotiated sales price which is 8% lower than agreed property value. Alternatively, the property can be sold externally at marked price where Norgani has the right to buy back the hotels or share the profit according to terms set out in the agreement. Commenting on the transaction CEO Kjell Sagstad says "We are pleased to present to the market a final agreement which is in-line with our previously announced letter of intent. We are very satisfied with the return on equity in this transaction. Even though we now sell off a substantial part of our Danish portfolio, we continue to view Denmark as an important market and will continue to develop our remaining properties and look for new opportunities." Norgani has also sold the property Lappinporti which is a small hotel with 40 rooms in Rovaniemi Finland. Lappinporti is considered to be a non core business property and has therefore been for sale since it was bought as a part of the Kapiteeli purchase. The property is sold for 0,8 EUR mill and the book gain and cash flow from the sale will be 0,1 EUR mill. For further information, please contact Kjell Sagstad, CEO Norgani Hotels ASA Mob: +47 92 21 30 20 www.norgani.no About Norgani Norgani is the owner of a portfolio of 79 larger three and four star hotel properties, centrally located with an average size of 172 rooms. The weighted average lease duration for the total portfolio is approximately 8 years. Tenants include hotel operators such as Scandic/Hilton which leases 55% of the hotels, Choice Hotels Scandinavia (26%), Rezidor (6%) and other Nordic and international chains. In addition to the long lease duration, Norgani for the major part of its portfolio has minimum lease guarantees from sellers for the next 4-5 years. The hotels are located in Sweden, Finland, Norway and Denmark. In November 2005 Norgani Hotels was listed on Oslo Børs under the ticker NORGAN. The company headquarter is in Oslo.


 

KYOTO, Japan, Dec. 27, 2006 (PRIME NEWSWIRE) -- Nidec Corporation (the "Company") announced today that it received a correction notice from the Osaka Regional Taxation Bureau based on transfer price taxation, pursuant to the taxation bureau's determination that the Company's transfer pricing with its overseas subsidiaries with respect to transactions during the five years ended March 31, 2005 was different from what the arms'-length transaction pricing between independent companies would be. According to the notice, taxable income subject to the correction amounts to approximately 6.9 billion yen, and additional tax, including local tax, is estimated to amount to approximately 3.3 billion yen. The Company firmly believes that its transaction prices with its overseas subsidiaries were appropriate, and that the Company and its overseas subsidiaries have paid proper amounts of taxes in accordance with the relevant tax laws and regulations of each country. Accordingly, the Company strongly regrets that it is subject to, and it strongly disagrees with, this correction action by the taxation bureau. The Company intends to immediately file an appeal against this correction action with the taxation authorities, and advocate its position in the course of fair procedures including bilateral consultations with the relevant countries. Through this process, the Company firmly believes that it will be able to bring about a satisfactory conclusion to this matter. Regarding the impact of this matter on the Company's results of operations for the current fiscal year, although the Company will account for the provision of additional tax payment in the current fiscal year on a non-consolidated basis, it will not change the forecast of its consolidated results of operations. CONTACT: Nidec Corporation Investor Relations Hiroshi Toriba, Senior General Manager +81-75-935-6140 HIROSHI_TORIBA@notes.nidec.co.jp


 

Offshore services company Heerema Group and Norwegian maritime group Wilh. Wilhelmsen ASA today announce they have agreed the buyout of Dockwise Transport N.V., the Dutch heavy transportation company based in Breda, to 3i, a global leader in private equity, and funds managed by 3i. The deal is valued in excess of USD 700 million.* Deutsche Bank Securities Inc. has advised Heerema and Wilh. Wilhelmsen on exploring strategic alternatives and the sale process. The sale is motivated by the fact that both Heerema and Wilh. Wilhelmsen wish to focus on their respective core businesses. Dockwise is the world-wide market specialist in heavy-lift transportation for the marine and oil and gas industry. It has a fleet of 15 semi-submersible vessels, of which four are specialised yacht carriers. With a versatile fleet of vessels, Dockwise offers clients unparalleled flexibility and transport capacity on even the most complex of projects. The Heerema Group and Wilh. Wilhelmsen ASA have owned 76% and 24% respectively of Dockwise. *Please note the reference to the transaction price in paragraph 1 is dependant on the damage incurred to the Dockwise vessel Mighty Servant 3, which recently was involved in an accident.


 

Vancouver, December 22, 2006 - Global Developments Inc. (PINKSHEETS: GBDP) announces that it has cancelled its previously announced dividend of its holdings in World Hockey Association common stock and postponed it until further notice. Due to the significant decrease in the market value of the common stock of World Hockey Association (PINKSHEETS: WHKA), the proposed dividend became uneconomical with respect to the cost of notice and delivery to Global's shareholders. Global has since learned that the management of World Hockey Association, commencing sometime during November 2006, began issuing large amounts of common stock. From November 2006 to December 12, 2006, the number of issued and outstanding shares increased from approximately 32,000,000 common shares issued and outstanding to 157,854,076 common shares issued and outstanding, the majority of which were issued to insiders and management. Under the terms of Global's financing agreement with World Hockey Association, Global is granted a non-dilutive 40% interest in the common stock of World Hockey Association. Global has asked its legal counsel to commence an inquiry as to whether the issuance of this common stock was valid and legal and whether the management of World Hockey Association breached its fiduciary duty to its shareholders in increasing their personal holdings of common stock. Global will also seek to enforce the non-dilutive clause in its financing agreement with World Hockey Association. About Global Developments Global Developments, Inc. is a publicly traded venture capital company. It was formed to create a unique investment vehicle representing a growing portfolio of innovative and emerging growth-oriented companies. Global acquires its portfolio companies either as wholly or partially owned subsidiaries, or as an investment where Global is the lead investor. As a result, Global maintains substantial management and operational control, thereby giving it the ability to provide significant oversight and guidance in building value and creating liquidity events for its shareholders. Global invests in companies with solid management, operational excellence, and the potential to grow substantial revenue streams. Please visit http://www.globaldevelopmentsinc.com for more information. Forward-Looking Statements You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as ``will,'' ``anticipates,'' ``believes,'' ``plans,'' ``goal,'' ``expects,'' ``future,'' ``intends,'' and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Global Developments, Inc. please refer to its Web site at http://www.globaldevelopmentsinc.com. Contact: Global Developments, Inc. Leighton Dean (604) 685-7552 ldean@globaldevelopmentsinc.com Source: GLOBAL DEVELOPMENTS, INC.


 

Reykjavik/Oslo, 22 December 2006 - Glitnir's rating is unaffected by S&P's sovereign downgrade of Iceland. S&P states in a release today, that Glitnir's rating is not threatened by Republic of Iceland downgrade. Glitnir was rated by S&P in March 2006, as the first and only Icelandic Bank to date. Glitnir, the Nordic financial group, with Iceland-and Norway as home markets is a global niche bank in the seafood/food, sustainable energy and offshore supply industries. Bjarni Ármannsson, CEO of Glitnir commented; "We take encouragement and pride from S&P's decision to leave Glitnir Bank's rating unchanged in the light of the sovereign downgrade - a clear vote of confidence in the Bank's business model striving for continuous diversification and profitable growth in selected areas. Our strategy of becoming less and less affected by the economic cycle in Iceland is bearing fruit , says Bjarni Ármannsson, CEO of Glitnir." Ármannsson comments: " We don't see the downgrade of the sovreign as a fundamental re-assessment of the economy's prospects, but rather as a clear signal that more realignment between fiscal and monitary policy is needed in Iceland and a tighter fiscal policy is needed to put the economy in a more balanced state." Copy of the S&P Research Bulletin on Glitnir as of December 22, 2006: -------------------------------------------------------------------------------------------------- RESEARCH Bulletin: Glitnir Bank Ratings Unaffected By Republic of Iceland Downgrade Publication date: 22-Dec-2006 Primary Credit Analyst: Martin Noreus, Stockholm (46) 8-440-5933; martin_noreus@standardandpoors.com <mailto:martin_noreus@standardandpoors.com>Secondary Credit Analysts: Miguel Pintado, Stockholm (46) 8-440-5904; miguel_pintado@standardandpoors.com <mailto:miguel_pintado@standardandpoors.com>Peter Dutton, London (44) 20-7176-7208; peter_dutton@standardandpoors.com <mailto:peter_dutton@standardandpoors.com> STOCKHOLM (Standard & Poor's) Dec. 22, 2006--Standard & Poor's Ratings Services said today that its ratings and outlook on Iceland-based Glitnir Bank (A-/Stable/A-2) remain unchanged following the lowering of the long- and short-term foreign and local currency ratings on the Republic of Iceland (foreign currency A+/Stable/A-1; local currency AA/Stable/A-1+). (For further information on the sovereign rating action, please refer to today's research udate "Republic of Iceland Cut To FC 'A+/A-1', LC 'AA/A-1+' On Unbalanced Policy Mix; Outlook Stable," published on RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com) The factors behind today's sovereign downgrade are already taken into account in the ratings on Glitnir Bank. In addition, the ratings on Glitnir Bank are underpinned by its strong domestic franchise, as well as by geographic diversification through its growing presence in Norway and, since May 2006, Sweden. The ratings also recognize the bank's consistently high profitability and current good asset quality. Given the increased geographical and product diversification of the group, the ratings reflect our expectation that Glitnir Bank will maintain profitability at comfortable levels, even in a less favorable economic environment in Iceland, with higher loan losses and lower financial gains. A negative rating action could follow, however, if a further macroeconomic deterioration in Iceland were to lead to a significant deterioration in the bank's asset quality. Additional Contact: Financial Institutions Ratings Europe; FIG_Europe@standardandpoors.com Analytic services provided by Standard & Poor's Ratings Services (Ratings Services) are the result of separate activities designed to preserve the independence and objectivity of ratings opinions. The credit ratings and observations contained herein are solely statements of opinion and not statements of fact or recommendations to purchase, hold, or sell any securities or make any other investment decisions. Accordingly, any user of the information contained herein should not rely on any credit rating or other opinion contained herein in making any investment decision. Ratings are based on information received by Ratings Services. Other divisions of Standard & Poor's may have information that is not available to Ratings Services. Standard & Poor's has established policies and procedures to maintain the confidentiality of non-public information received during the ratings process. Ratings Services receives compensation for its ratings. Such compensation is normally paid either by the issuers of such securities or third parties participating in marketing the securities. While Standard & Poor's reserves the right to disseminate the rating, it receives no payment for doing so, except for subscriptions to its publications. Additional information about our ratings fees is available at www.standardandpoors.com/usratingsfees -------------------------------------------------------------------------------------------------- For further information from Glitnir, please contact: Tómas Kristjánsson, CFO, Glitnir, Mobile: +354 844 4656, e-mail: tomas.kristjansson@glitnir.is Ingvar H. Ragnarsson, Executive Director of International Funding, phone +354 844 4665, e-mail ingvar.ragnarsson@glitnir.is Bjørn Richard Johansen, Managing Director, Corporate Communications, Glitnir, mobile +47-47 800 100, e-mail: brj@glitnir.no Vala Pálsdóttir, Head of Investor Relations, mobile: +354 844 4989, e-mail: vala.palsdottir@glitnir.is About Glitnir The financial group Glitnir offers universal banking and is a leading niche player in three global segments; seafood/food, sustainable energy, and offshore supply vessels. Glitnir consider Iceland and Norway as home markets. Services include retail, corporate and investment banking, stock trade and capital management. Glitnir is the sole owner of a bank in Luxembourg (Glitnir Bank Luxembourg S.A) and banks and financial services companies in Norway (BNbank and Glitnir bank, Glitnir Securities and Glitnir Kapitalforvaltning, the factoring company Glitnir Factoring, and 50.1 percent of Union Gruppen. Glitnir's subsidiary BNbank in Norway recently acquired 45 per cent of the shares in Norsk Privatøkonomi ASA, an independent financial advisory company with 12 branches in key areas of Norway). In Sweden, Glitnir owns the leading Swedish brokerage firm Fischer Partners. Glitnir operates branches in London and Copenhagen and representative offices in Halifax, Canada and in Shanghai, China. Glitnir is listed on the Icelandic Stock Exchange. Glitnir recently announced strong profits for the first nine months of 2006, with a return on equity after tax of 41.9 percent. For more information go to: www.glitnirbank.com (English), www.glitnir.is (Icelandic) or www.glitnir.no (Norwegian).


 

VANCOUVER, BC -- (MARKET WIRE) -- 12/22/06 -- In the news release, "Sutcliffe Resources Ltd. Closes Financing," issued Thursday, December 21, 2006, by Sutcliffe Resources Ltd. (TSX-V: SR), we are advised by the company that original release contained some inaccurate information. Complete corrected text follows. Clarification of Mineral Resource Disclosure, Draft Inadvertently Released: Sutcliffe Resources Ltd. Closes Financing VANCOUVER, BC -- December 22, 2006 -- Sutcliffe Resources Ltd. ("Sutcliffe" or the "Company") (TSX-V: SR) wishes to advise that it is re-issuing its press release of December 21, 2006 with amended mineral resource disclosure for clarification. Sutcliffe announces it has closed the first tranche of its CDN$25,000,000 financing, previously announced in its November 24 and December 11, 2006 press releases (the "Financing"). The Company has issued, by way of private placement, 21,590,000 subscription receipts of the Company at a price of CDN$1.00 per subscription receipt raising aggregate gross proceeds of CDN$21,590,000. Each Subscription Receipt entitles the holder to acquire, for no additional consideration, one common share in the capital of the Corporation pursuant to the terms of a subscription receipt agreement among the Company, Kingsdale Capital Markets Inc. (the "Agent") and Computershare Trust Company of Canada (as Subscription Receipt and Escrow Agent). The Company is also pleased to announce that the Agent has exercised its over allotment option to sell an additional 5,000,000 common shares with a second closing scheduled for December 28. The gross proceeds of the Financing less the funds required to complete the Company's acquisition of ML (as described below) will be held in escrow (the "Escrowed Funds") on behalf of the Subscribers by Computershare Trust Company of Canada and invested in accordance with the subscription receipt agreement. In the event that the Company's acquisition of ML has not been completed on terms and conditions and in a manner satisfactory to the Agent on or prior to 5:00 p.m. (Toronto time) on December 31, 2006, the Subscribers will be entitled to have their pro rata share of the Escrowed Funds, plus accrued interest thereon, refunded to them by Computershare Trust Company of Canada and their pro rata share of the balance of the proceeds of the Financing, plus accrued interest thereon, refunded to them by the Corporation. In consideration for acting as agent to the Company in connection with the Financing, the Company will pay the Agent a cash commission equal to 7% of the gross proceeds raised (to be paid out of the Escrowed Funds upon completion of the acquisition of ML) and has issued to the Agent 1,511,300 non-transferable broker warrants, with each such broker warrant entitling the Agent to purchase one common share of the Company at a price of CDN$1.00 for a period of two years. The securities issued by the Company under the Financing are subject to the resale rules of applicable securities legislation, including a hold period expiring on April 22, 2007. The proceeds will be used for the acquisition of a 51% interest in ML Ltd. ("ML") through Sutcliffe's 100% owned subsidiary, Baykal Gold, and to finance the exploration on the Company's two wholly owned gold projects, through Chukot Gold ZAO, Elvenei and Tumannoye in Chukotka Autonomous Okrug located in the Russian Far East. Any additional net proceeds will be used for working capital and general corporate purposes. General Property Information Sutcliffe has, over the last six months, assembled four gold exploration properties -- specifically, Ozherelie, Ykanskoye, Tumannoye and Elvenei. All of the technical work performed previously at these exploration properties has been carried out by Russian personnel on behalf of Russian exploration companies. In some cases, resource estimates have been calculated by the Russian investigators using Russian methodologies and Russian classification nomenclature. Russian resource estimates for the Tumannoye and Elvenei properties were prepared prior to February 1, 2001 and represent historical estimates. For these estimates, insufficient work has been done by a Qualified Person to classify the historical estimates as current mineral resources. Sutcliffe is not treating the historical estimates as current mineral resources and the historical estimates should not be relied upon. The Russian resource estimates for the Ozherelie and Ykanskoye properties were prepared after February 1, 2001. These estimates are not Canadian National Instrument 43-101 compliant. Sutcliffe considers these Russian estimates to be conceptual in nature, representing the potential quantity and grade of mineralization identified at the project site(s). Sutcliffe will carry out exploration programs on these projects. The programs are intended to verify the validity of the Russian data, and then to establish NI 43-101 compliant exploration databases and mineral resource estimates. About Baykal Gold Baykal Gold ("Baykal") is a company incorporated under the laws of the Russian Federation to acquire tendered or licensed properties in the region of Irkutsk. Baykal was acquired by Sutcliffe as a wholly owned subsidiary on December 1, 2006 for a consideration of US$3,500. Sutcliffe is obligated to pay a finder's fee of US$500,000 to the founding shareholder of Baykal in connection with the initial 51% acquisition of ML. An additional finder's fee of US$400,000 will also be paid upon the acquisition of the remaining 49% of ML. About ML Ltd. ML is the owner of the Ozherelie and Ykanskoye gold projects located in the Irkutsk Oblast region of East Siberia. Sutcliffe, through its wholly owned subsidiary Baykal, has an agreement for the acquisition of a 51% interest and, ultimately, a 100% interest in the Ozherelie and Ykanskoye mineral projects, approximately 1,100 km north of the City of Irkutsk and 35 km from the Sukhoi Log gold deposit. The Company will be obligated to pay US$10,000,000 to acquire a 51% interest in ML and must thereafter incur US$12,000,000 in exploration expenses on the two projects over four years. The 51% interest in ML is being acquired from six arm's length individuals, who retain the 49% balance. If a resource calculation prepared as a "C2" calculation under Russian law and indicating a reserve of at least 20 tonnes of gold (approximately 650,000 troy ounces) is received by the Company, the Company will be obligated to pay an additional US$8,000,000 for the remaining 49% interest in ML, giving the Company 100% control of the two projects. After such time as the entire US$12,000,000 has been spent on exploration, a further C2 resource calculation will be prepared and the Company will be obligated to pay to the vendors of ML that amount which is equal to US$10.00 per ounce for each troy ounce of gold reserves in excess of 20 tonnes. Properties of ML The Ozherelie and Ykanskoye gold deposits are located within a highly mineralized belt of deposits which include the Sukhoi Log gold deposit (arguably the world's current largest undeveloped gold deposit) as well as a number of other hard rock and alluvial gold deposits either in production or in development in the region. The region has historically produced a reported 48,000,000 ounces of gold, making it one of the most prolific gold producing regions in the world. The deposits are located approximately 1100km north of the capital of Irkutsk and 130km north of the district center of Bodaibo. Irkutsk is serviced by regular direct air services with the capital city of Moscow, which in turn services the town of Bodaibo with daily turbo-prop flight services. Large river barges can also supply Bodaibo (on the Lena River) which is linked to the prospect areas by a gravel road. The prospect areas are situated within 3 km off this road. Alternatively the nearest rail head is at Taksimo situated 240km south of Bodaibo and linked by road. The Ozherelie deposit has been traced for over 7km and is open to the north and south. The deposit has been tested with relatively small amounts of core drilling (1262m, 1317 samples) and channel sampling (1631 samples). The Ykanskoye deposit has been traced for 6km and confirmed through 21 trenches (859 channel samples) and 11 drill holes (475.7m). Both areas remain under-explored and with no NI 43-101 compliant mineral resources. The deposits are situated on the northern and southern flanks of a regional mega-syncline (the Marakan-Tungus structure) trending WNW. Crustal shortening and thrusting has occurred from the NE. The Marakan-Tungus structure is a regional up-thrust block, with the same trend which is seen to extend for some 70 km and 15-20 km wide. This trend hosts 3 main mineralized areas on the intersection of regional NNE structures with the Marakan-Tungus structure. The central Sukhoi Log area is hosted in a metamorphic iso-grad zone containing chlorite+muscovite. Guides to mineralization may be related to this metamorphic zoning. Further exploration by Sutcliffe will provide additional guides to mineralization. Both deposits are hosted within NE plunging thrust zones within greenschist to amphibolite facies metamorphic rocks and in layered fine grained slates of pelitic to psammitic origin (Carbonate to terrigenous sources). Gold mineralization is considered to have been concentrated in association with the regional emplacement of Upper Palaeozoic age granite intrusions and dikes associated with folding and thrust faulting. Coarse gold is associated with quartz veining at Ozherelie. At Ykanskoye, the gold mineralization is associated with silicification and sulfides, and is finer grained. Gold is deposited adjacent to carbonaceous units at both deposits. In both deposits, the silver content is negligible. All drilling included in the database for Ozherelie and Ykanskoye deposits was done by diamond drills to produce core. All holes were vertical and no down-hole surveying was conducted. The zone of mineralization in both prospect areas is relatively flat (7 to 12 degrees). Some angle holes will be recommended for the future exploration programs. In 2006, an additional 32 holes (~1000m) were drilled using a non-core technique. No new drilling was conducted at Ykanskoye during 2006. Sutcliffe plans to use Reverse Circulation (RC) drilling techniques and/or core drilling for their exploration programs. Channel sampling in trenches were of consistent size and sampled using a rock saw. They were of a uniform 10cm wide by 5 cm deep and may be considered to adequately represent the material sampled. Channel and core samples were generally of 1m length unless major geological boundaries were met then shorter lengths were considered. Each sample consisted of some 35 kg of rock, an appropriate sample size in sampling such a coarse gold, high nugget effect system. For drill core the entire core is sampled so no half core is retained. Samples were prepared by a local exploration company, Siberian Geology Company (SGC) at site. The entire sample is dried and crushed to 1mm, two duplicates splits are taken from this with one being pulverized to -0.0074 mm and used for analysis (50g Au fire assay) and the second used for mineralogical analysis and heavy metal analysis after washing. Analysis was conducted at the Institute of Rare Metals in Irkutsk (IIRE), a laboratory considered to be of high standing. External control analysis was conducted on a representative number of samples (30 each from 5 grade ranges for a total of 150 samples at Ozherelie) at a corresponding institute laboratory. The standard Russian procedure of submitting 5% of samples as duplicates for analysis was done. No external standards or blanks were submitted as these are done by the laboratory. Under Russian regulations the laboratory is required to perform quality control. While the procedures used may not meet International standards and may not pass accepted QA/QC procedures a preliminary review indicated that the analysis done and assays used can be considered to accurately reflect the gold content. Sutcliffe intends to carry out detailed reviews of the database. The registering of Russian federal mineral resources and reserves is a well controlled and regulated procedure. Such issues as quality control, back-up data and check assays, limits of assurance and resource confidence are all regulated by the relevant "resource/reserve" commissions. The resource categories used by the Russian investigators do not have any direct correlation to International or NI 43-101 resource categories. The Russian resource category C1 is roughly equivalent to the CIM mineral resource category of measured and/or indicated. The C1 resources are considered to have a higher probability of occurrence than Russian C2 resources which are roughly equivalent to, indicated and/or inferred resources. Russian resource categories P1 and P2 are equivalent to resources with no more confidence than inferred resources in CIM nomenclature. Sutcliffe and their Independent Qualified Person considers that the Russian estimates are conceptual in nature, representing the potential quantity and grade of mineralization identified at the project site(s). Sutcliffe's initial reviews indicate that the Russian estimation methodology is generally reasonable and that the estimates provide a rough guide to contained ounces in the deposits. Sutcliffe intends to perform a detailed review of the SGC mineral resource calculation methodologies and resulting estimates as part of the NI 43-101 technical report. For both the Ozherelie and Ykanskoye Russian mineral resource estimates, the bulk density used was 2.7. At Ozherelie, the minimum size of block used was 3.0m and maximum internal dilution was 3.0m. The Ozherelie resources are as presented by SGC in their resource report dated September 1, 2004, which were approved in a report (#639K) dated November 12, 2004 by the regional agency, TKZ "Irkutsknedra," authored by V.A. Mordvin. The Ykanskoye resource estimate is also dated September 1, 2004. Based on the Ozherelie Russian mineral resource estimate discussed above, Sutcliffe considers that the exploration targets contain between 2.6 to 4.7 million tonnes of mineralization at gold grades between 1.8 and 3.1g/t. Projections of known mineralization could add an additional 2.9 to 5.9 million tonnes at gold grades between 1.5 and 3.0g/t to the Ozherelie target. Until further review of the Russian mineral resource estimates by Sutcliffe has been completed, compliance with NI 43-101 is uncertain. It has not been established whether or not these resources are NI 43-101 compliant and should be viewed as conceptual in nature. At this time, there appears to have been insufficient exploration to define a NI 43-101 compliant resource. It is uncertain if further exploration will result in the discovery of a mineral resource. Sutcliffe considers that the Russian mineral resources represent the potential of the known mineralized system at Ozherelie. Based on the Ykanskoye Russian mineral resource estimate discussed above, Sutcliffe considers that the exploration targets contain between 1.1 to 1.4 million tonnes of mineralization at gold grades between 2.6 and 3.4g/t. Projections of known mineralization could add an additional 8.3 to 16.5 million tonnes at gold grades between 1.6 and 3.2g/t to the Ykanskoye target. Until further review of the Russian mineral resource estimates by Sutcliffe has been completed, compliance with NI 43-101 is uncertain. It has not been established whether or not these resources are NI 43-101 compliant and should be viewed as conceptual in nature. At this time, there appears to have been insufficient exploration to define a NI 43-101 compliant resource. It is uncertain if further exploration will result in the discovery of a mineral resource. Sutcliffe considers that the Russian mineral resources represent the potential of the known mineralized system at Ykanskoye. Preliminary metallurgical test work by Russian investigators indicates that gravity separation and concentration techniques are applicable to both the Ozherelie and Ykanskoye deposits, as is direct cyanidation. The potential of the deposits is relatively untested. The Ozherelie deposit has been traced for over 7km and is open to the north and south, with indications that the zone may be extended by at least 2km. to the south of the known mineralization as well as down dip. The Ykanskoye deposit is open at depth down-dip. On the Ozherelie exploration license, Sutcliffe plans to complete a full review and evaluation of the work done to date by ML's consultant SGC to finalize a plan to initially test and confirm the drilling and channel sample results completed to date. This will result in additional diamond and reverse circulation drilling as well as confirmatory channel sampling to NI 43-101 standards. Metallurgical test work is also planned to confirm precious metal recoveries. The results of the initial program will be used to design an exploration mapping, sampling and drilling program to test the along strike and down dip extensions of the mineralization identified and confirmed. This program will be focused on testing the overall extent and tenure of gold mineralization. Focus will also be given to identify geophysical and geochemical methods suitable at fast-tracking the discovery of additional mineralized zones. At Ykanskoye, Sutcliffe also plans to initially confirm and test mineralization defined to date and to ensure NI43-101 compliant data is collected by conducting additional drilling and channel sampling. Based on the results of the initial review and exploration Sutcliffe also plans to conduct additional drilling and sampling of the down-dip and along-strike extensions of the mineralization in order to define the extent and overall tenure of gold mineralization at Ykanskoye. Metallurgical test work will be conducted to confirm the positive recoveries out-lined to date. The evaluation of additional exploration methods to fast-track the definition of drill targets will also be explored. About Chukot Gold ZAO Chukot Gold ZAO ("Chukot") is a company incorporated under the laws of the Russian Federation to acquire tendered or licensed properties in the region of Chukotka. Sutcliffe has expended approximately $6,600,000 on the properties, of which approximately $2,600,000 has been spent on property acquisitions and $4,000,000 on equipment purchases (bulldozers, drills and camp facilities). The equipment was shipped in the summer of 2006 for movement to site on winter roads. No work has been performed by Sutcliffe on the properties to date. Chukot was acquired by Sutcliffe as a wholly owned subsidiary on December 1, 2006 for a consideration of US$327,750 to the founding shareholder of Chukot in connection with the initial acquisition of two exploration properties in the Federal Subsoil Agency auction held August 17, 2006, in Anadyr, Chukotka Autonomous Okrug located in the Russian Far East. The terms of the auction and mineral deposits are as follows: Tumannoye deposit The Tumannoye deposit is located in the northern part of the Chukotski peninsula and is serviced by road to the seaport of Egvekinot, and has power from the Egvekinot thermal power station (29.3 MW). The area of the Tumannoye license is 19 km2. The successful bid amount for the Tumannoye deposit was 28.15 million Russian rubles (US$1.100,000). Sutcliffe will have a 20-year license to exploit the deposit area. Elvenei deposit The Elvenei deposit is located in Central Chukotka, 110 km from Bilibino, home of the Bilibino atomic power station (43 MW) and 540 km from the largest Arctic seaport, Pevek. The area of the Elvenei license is 12 km2. The successful bid amount for the Elvenei deposit was 30.15 million Russian rubles (US$1,200,000). Sutcliffe will have a 20-year license to exploit the deposit area. Chukotka Properties In the Chukotka Autonomous Oblast, Chukot acquired the mineral licenses for 2 highly prospective gold projects explored from the 1950s through the 1990s. Each has a long history of exploration by Russian entities. No material exploration activity has taken place on any of the properties since at least 1994. The Tumannoye project is located in the northern part of the Chukotski Peninsula, at north latitude 67 degrees37' to 67 degrees39' and east longitude 178 degrees04' to 178 degrees08', in the Ilutin administrative area of Chukotka. The project is located on a Class II Egvekinot-Iultin motorway, 199km to the east of the seaport of Egvekinot. The nearest settlement, Geologichesky, is located 40km to the west. There is a 29.3MW thermal power station in Ekveginot and an 110kW power line following the Egvekinot-Iultin motorway. The Tumannoye gold project, comprising approximately 19km2 has seen 128,000m3 of excavation and 15,771m of core drilling. The host rocks are Triassic sediments and Cretaceous granodiorites, dikes of earlier-cretaceous lamprophyres, granite-porphyries, late-cretaceous granite-porphyries, diorite-porphyrite, andesites, basalts and trachydolerites. The structures containing the gold-sulfidic mineralization are related to brecciation, collapse features and metasomatic alteration zones. The gold mineralization occurs in two forms -- tabular deposits of interspersed pyrite-arsenopyrite in metasomatically altered terrigenous-carbonaceous bodies and, to a lesser extent, as arsenopyrite-quartz stringers in mineralized dikes of granite porphyry. Gold mineralization is reported to be associated with arsenopyrite and carbonaceous material. Also associated with the mineralization are varying amounts of antimonite, sphalerite, galena and chalcopyrite. Gold content ranges from 0.5g/t up to 111g/t, reportedly averaging 5 to 12g/t. Silver is reported at relatively low concentrations in samples. A zone of partial oxidation exists near the present ground surface. Drilling has intersected mineralized zones up to 350m in vertical depth, with projections exceeding 400m. Some 15 separate zones (targets) have been identified in the prospect. Mineralized bodies reportedly range from 0.4m to 7.5m in thickness and from 50m to 400m along strike. A historical resource estimate for the Tumannoye deposit by Russian investigators as at July 9, 1995 was 3.6 million tonnes at a gold grade of 7.1g/t. A Qualified Person has not done sufficient work to classify the historical estimate as a current mineral resource, Sutcliffe is not treating the historical estimate as a current mineral resource and the historical estimate should not be relied on. The Elvenei project is located in the Chaunsky area of the Chukotka Autonomous Oblast, 540km southwest of the town of Pevek, a largest Arctic seaport in the area, Pevek. It is 15km off the Pevek-Bilibino automobile road, 110km west of Bilibino, the site of a nuclear power station (43MW). Russian exploration to date (1968 to 1992) has defined a gold-mineralized system of quartz veins and linear silicified breccias in Triassic sandstones, shales and siltstones intruded by a granitoid dome and a late Cretaceous complex of independent small intrusions forming a ring dike structure. Early work in the area concentrated on tungsten mineralization in the contact metamorphosed sediments adjacent to the intrusives. Subsequent work focused on the gold mineralization, with a number of trenches and core holes being completed. Mineralogy of the mineralized bodies is simple. The main ore minerals are pyrite and arsenopyrite. Other sulfides present include antimonite. Six potential mineralized bodies have been outlined at Elvenei, not all of which have seen systematic trenching and drilling. Summary assay results from mineralized body #1 are as follows: Thickness Au grade meters g/t Trench 201 4.0 15.7 Trench 202 1.5 11.7 Trench 203 1.0 12.6 Hole 269 1.7 12.4 Holes 90 and 92 0.8 17.8 Trench 210 1.1 4.4 Average on mineralized body #1 1.7 13.2 Mineralized bodies #2 and #3 have the following thicknesses and average grades: #2 - thickness of 0.5m, and gold at 12.2 g/t; #3 - thickness of 1.0m, and gold at 19.0 g/t. Mineralized body #2 has been traced for 600m on strike, and mineralized body #3, 500m on strike. Mineralized bodies #4, #5and #6 average gold grades of 18.0g/t, 5.9g/t and 13.0 g/t, with strike lengths of 500m, 400m and 500m respectively. Historical projections of resources in the known Elvenei project mineralized bodies and the surrounding area by the Russian investigators are approximately 4.5 million tonnes at a gold grade of approximately 13.2g/t. A Qualified Person has not done sufficient work to classify the historical estimate as a current mineral resource, Sutcliffe is not treating the historical estimate as a current mineral resource and the historical estimate should not be relied on. For all of the Sutcliffe Russian properties (projects) the compilation of all of the available Russian data is critical. The compilation and review is expected to yield a clear picture of the mineralization at hand, leading to a focused exploration program aimed at confirming the Russian work and outlining the significant exploration potential. Initial exploration at Elvenei in the Chukotka region will involve the compilation and review of all historical exploration results. A drilling and sampling program based on this will be designed to test the vein hosted gold mineralization at Elvenei to bring the exploration up to NI43-101 reporting standards and to enable the testing of the current 6 known vein systems both along strike and at depth to define the overall potential of the mineralized system. Exploration will also be focused on discovering additional zones beyond those discovered to date. On the Tumannoye prospect initial exploration work conducted by Sutcliffe will involve the compilation and evaluation of all historical exploration work, including metallurgical recovery test-work. Confirmatory drilling, sampling and test-work will be planned to confirm the resource defined to date and to bring the samples databases up to the required reporting standards. Ongoing work will consist of the drill testing of the extensions of the gold mineralization discovered to date and based on the ongoing evaluation work on drill testing and sampling of additional targets to the vein system discovered to date. Priority will be given to evaluating exploration methods suitable at defining additional drill targets. To expedite and enhance the future exploration programs, Sutcliffe has mobilized a skid-mounted Longyear 38 Diamond drill with new Deutz Turbo Diesel Engine, 420-FMC Hydraulic pump, NQ hydraulic drill head, 28 feet folding derrick, 20 feet rod pull, 8' x 18' drill shack, also drill steel, core boxes, drill mud and lubricants. Sutcliffe also sent spares and extra supplies for drill rig. In addition, Sutcliffe has purchased two D9 dozers, one for Tumannoye and one for Elvenei. A 20-man camp, generators and supplies for Tumannoye has been purchased and shipped. Further equipment will be sourced to accommodate the drill program. Sutcliffe will set up the facilities and provide travel and procurement logistics for Tumannoye and Elvenei. Sutcliffe has begun to prepare its "Russian Expertisa" which is the formal submission of a work program which allows the Company to move to the exploration phase. These are typically prepared with the minimum requirements to maintain the license as open-ended, allowing more work to be performed. About Sutcliffe Resources Ltd. Sutcliffe is a gold exploration company whose primary focus is to become a mid-tier gold producer through the advancement of its gold exploration properties in the Russia Federation. In addition, Sutcliffe's management will continue to evaluate acquisition opportunities within the Russian Federation. Sutcliffe's philosophy is to unlock shareholder value in a socially and environmentally responsible manner. Qualified Person William J. Crowl, (P. Geologist), an independent consultant, is the "qualified person" (as such term is defined in National Instrument 43-101) responsible for the preparation of the technical information in this release. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act. Forward-looking statements -- Statements included in this news release that are not historical facts may be considered "forward-looking statements." All estimates and statements that describe the Company's objectives, goals or future plans are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. For more information please contact: Robert Maddigan Director Sutcliffe Resources Ltd. Phone: (780) 452-7272 Ext: 225 Fax: (780) 453-1300 Email: bmaddigan@sutclifferesources.com


 

MONTREAL, QUEBEC -- (MARKET WIRE) -- December 22, 2006 -- Bombardier Aerospace announced today that France's Securite Civile has placed a firm order for another Bombardier 415 amphibious aircraft. This order brings the French fleet to twelve Bombardier 415 aircraft. "France received its first CL-215 amphibian aircraft back in 1969 and, in 1994, was the launch customer for the Bombardier 415. Almost forty years later, France continues to rely on the capabilities of the "Canadair" as the backbone of its firefighting missions," said Michel Bourgeois, President, Bombardier Amphibious Aircraft. "With an enviable proven track record in firefighting worldwide, the Bombardier 415 aircraft is the reference in the industry. We continue to work closely with the Securite Civile and other European operators to further enhance the aircraft's unique capabilities." Since delivery of the first Bombardier 415 aircraft in 1994, Bombardier Aerospace has delivered 64 Bombardier 415 aircraft to firefighting agencies in Croatia, France, Greece, Italy, Ontario, Quebec and Spain, with 42 aircraft in operation in the Mediterranean region. Spain operates 14 CL-215T turboprop aircraft and has also acquired a Bombardier 415 last July. In addition, 26 CL-215 piston aircraft remain in service fighting fires in Europe. The Bombardier 415 has a maximum speed of 359 km/h (224 mph) and in an average mission of 11 kilometres (six nautical miles) distance from water to fire, it can complete nine drops within an hour, delivering 55,233 litres (14,589 U.S. gallons) of fire suppressant. The aircraft is also being offered in a new multi-purpose version, the Bombardier 415MP, for search and rescue, maritime patrol and environmental protection. Currently, two Greek Bombardier 415 aircraft are equipped with the MP configuration. About Bombardier A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2006, were $14.7 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com. Bombardier, Canadair, CL-215 and 415 are trademarks of Bombardier Inc. or its subsidiaries. Contacts: Bombardier Aerospace Marc Duchesne 514-855-7989 www.bombardier.com


 

Brussels (Belgium) - December 22, 2006 - 6.30 pm CET: UCB today announced positive top-line results for signs and symptoms from two new phase III studies for CIMZIA(TM) (certolizumab pegol), the first Fab' fragment anti-TNF (Tumor Necrosis Factor), in the treatment of rheumatoid arthritis. In both the RAPID 1 (027) and RAPID 2 (050) studies CIMZIA(TM), in combination with methotrexate, demonstrated superiority to placebo, and a statistically significant improvement in the signs and symptoms of rheumatoid arthritis as measured by all American College of Rheumatology (ACR) scores: ACR20, 50, and 70. Further details on the results from the RAPID studies, including data on the prevention of structural damage, will be released during the first quarter of 2007. UCB also provided an update on the status of the US approval of CIMZIATM in the treatment of Crohn's disease. UCB has received a Complete Response Letter from the United States Food and Drug Administration (FDA) requesting additional information and clarification on data submitted in its Biologics License Application (BLA) for the approval of CIMZIATM in Crohn's disease. "We have absolute confidence in both the efficacy and tolerability profile of CIMZIATM, and in gaining US approval" said Melanie Lee, Executive Vice President R&D for UCB. "We are extremely pleased by the rheumatoid arthritis results and will work closely with the FDA to clarify any questions that they have, or may have, regarding CIMZIATM for the treatment of Crohn's disease and rheumatoid arthritis." About UCB UCB (www.ucb-group.com) is a leading global biopharmaceutical company dedicated to the research, development and commercialization of innovative pharmaceutical and biotechnology products in the fields of central nervous system disorders, allergy / respiratory diseases, immune and inflammatory disorders and oncology - UCB focuses on securing a leading position in severe disease categories. Employing over 8,300 people in 40 countries, UCB achieved revenues of ¤ 2.3 billion in 2005. With worldwide headquarters located in Brussels, Belgium, UCB is listed on the Euronext Brussels Exchange. Enquiries, please contact: Jean-Christophe Donck,UCB Mareike Mohr, Garry Daniels, Phone: +32 2 559 9835 UCB UCB Phone +32 2 559 Phone : +44 9264 1753 777 116 For the pdf-version of this press release, please click on the link below:


 

(IFN) Standard & Poors Ratings Services lowered its foreign currency long- and short-term corporate credit ratings on Iceland-based electricity generation and transmission company Landsvirkjun to A+/A-1 from AA-/A-1+.


 

New core shareholder Michael Pieper nominated together with Franz Stampfli Michael Pieper has disclosed today that he has acquired a total of more than 10% of the shares of Feintool International Holding AG from Fritz Bösch and on the market. Michael Pieper is CEO of the international Franke Group, which has its registered office in Aarburg. He also confirmed to Feintool that he would stand for election to the Board of Directors together with Franz Stampfli. Mr Stampfl is CEO of Alcatel Switzerland and a member of the Board of Directors of Bigla AG. "We are very pleased that Michael Pieper, an entrepreneur of high standing, has become one of our core shareholders and are confident that he will lend Feintool fresh impetus. Franz Stampfli, too, brings a wealth of market affinity to the Board," says Fritz Bösch, Chairman of the Board of Directors and Feintool's largest single shareholder. For further information, please contact: Media spokesman - Urs Feitknecht - +41 (0)79 204 41 13 Head of Group Controlling - Bruno Edelmann - +41 (0)79 276 44 45 Feintool is a leading technology and systems provider in fineblanking/forming and automation. It is also a supplier of metal and plastic components. Feintool operates globally at the company's own facilities in Switzerland (head office in Lyss), Germany, France, Italy, Great Britain, the United States, Japan, China and Thailand, where around 1800 employees are committed to customer satisfaction. Feintool International Holding Industriering 8, CH-3250 Lyss Phone +41 (0)32 387 51 11 Fax +41 (0)32 387 57 81 feintool-fim@feintool.com www.feintool.com Corporate Communications Urs Feitknecht Phone +41 (0)32 387 51 63 Fax +41 (0)32 387 54 16 Mobile 079 204 41 13 urs.feitknecht@feintool.com The media release can be downloaded from the following link: --- End of Message --- WKN: 905428; ISIN: CH0009320091 ; Index: SPI, SPIEX, SSCI; Listed: Main Market in SWX Swiss Exchange;


 

TORONTO -- (MARKET WIRE) -- December 21, 2006 -- OMERS Capital Partners, the private equity arm of one of Canada's largest pension funds, has entered into a definitive agreement to acquire CCNMatthews, a leading distributor of news releases, multimedia content and photos to the media and investment communities worldwide, in an all-cash deal. In addition, Manulife Capital, the private equity group of Manulife Financial, will assume a minority stake in the newswire as a portfolio investment. "This change of ownership is a major milestone for CCNMatthews and is strategic to our future as we accelerate our expansion," said Michael Nowlan, president and CEO of CCNMatthews. "OMERS and Manulife's acquisition of CCNMatthews signals strong confidence in our company and our employees. CCNMatthews is one of the fastest-growing brands in the newswire and information distribution industry, and we are very proud to have such solid financial partners supporting our growth." CCNMatthews is the parent company of Market Wire, a full-service distributor of company press releases and material news in the United States. CCNMatthews and its subsidiaries will continue to operate independently under the new ownership structure. "We view CCNMatthews and Market Wire as industry leaders delivering exceptional financial results. The opportunity they represent is consistent with our strategy to invest in strong, well-managed businesses with the potential to grow," said Paul G. Renaud, President and CEO OMERS Capital Partners. About OMERS OMERS is one of Canada's largest pension plans, with more than $41 billion in assets under management. It provides retirement benefits to about 365,000 members on behalf of approximately 900 local government employers across Ontario. More information about OMERS is available online at http://www.omers.com. About Manulife Financial Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$381 billion (US$341 billion) as at September 30, 2006. Manulife Financial Corporation trades as 'MFC' on the (TSX: MFC), (NYSE: MFC) and (PSE: MFC), and under '0945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. About CCNMatthews and Market Wire CCNMatthews delivers news releases, multimedia content and photos to the media and investment communities around the world quickly and reliably. The Company and its U.S. subsidiary Market Wire serve more than 6,000 corporate, government, non-profit, union and association clients, and boast one of the largest media distribution footprints in North America. CCNMatthews offers the most secure and cost-effective distribution of real-time news to thousands of media outlets including AP, Dow Jones, Bloomberg, Reuters, Yahoo!, and MSNBC, and is the only news release distributor to offer direct access to the CP (Canadian Press) Wire Network and the CP picture distribution wire across Canada. Committed to world-class client service, industry-leading distribution, technology innovation and market-leading strategic relationships, the Company serves PR and IR professionals with key workflow solutions including Easy PR/IR, SEO, Listlogix, and more. Incorporated in Canada in 1982, CCNMatthews delivers the majority of news releases issued by publicly traded companies in Canada. For more, visit www.ccnmatthews.com and www.marketwire.com. For additional information: Thom Brodeur Brodeur (602) 808-1165 tbrodeur@brodeur.com


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the Takeover Code) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | Tisbury Capital | | | Management LLP | |------------------------------------------------+------------------| | Company dealt in | Corus Group Plc | |------------------------------------------------+------------------| | Class of relevant security to which the | 50p ordinary | | dealings being disclosed relate (Note 2) | | |------------------------------------------------+------------------| | Date of dealing | 21 December 2006 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +-------------------------------------------------------------------+ | | Long | Short | | | | | |--------------------------------+-------------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |--------------------------------+------------+------+--------+-----| | (1) Relevant securities | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (2) Derivatives (other than | | | | | | options) | 30,244,301 | 3.26 | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | Total | 30,244,301 | 3.26 | | | | | | | | | +-------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +-------------------------------------------------------------------+ | Class of relevant security: | Long | Short | | | | | |-------------------------------------+--------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (1) Relevant securities | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (2) Derivatives (other than | | | | | | options) | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | Total | | | | | | | | | | | +-------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | | | | | | | | |---------------+----------------------+-------------------------| | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short | Number of securities | Price per | | name, | (Note 6) | (Note 7) | unit (Note 5) | | e.g. CFD | | | | |----------+------------+---------------------------+---------------| | CFD | Long | 84,336 | 529.4289 GBp | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 22/12/2006 | |------------------------------------------------+------------------| | Contact name | Stephen Platts | |------------------------------------------------+------------------| | Telephone number | +44 20 7070 9635 | |------------------------------------------------+------------------| | If a connected EFM, name of offeree/offeror | | | with which connected | | |------------------------------------------------+------------------| | If a connected EFM, state nature of connection | | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Aker Drilling today confirms the agreement with Statoil ASA for use of its drilling unit on Halten Nordland area in the Norwegian Sea. The contract has a firm period of 3 to 10 years with possible 5 options of 2 years each. Statoil's license partners in the Heidrun, Norne and Asgard Field confirmed the consent to the contract today. - Aker Drilling have reached another milestone with the confirmation of this important contract, says Geir Atle Sjøberg, President and CEO of Aker Drilling. Based on a five-year contract and full rig utilization, a possible total contract value will be on the order of USD 885 million. This means that Aker Drilling now has confirmed long term contracts for operations on the Norwegian Continental Shelf for both its rigs, under construction. - We are well underway with the recruiting of crews for the rigs, and our intention is to increase our staff to some 400 persons over the next two years. We continue to experience significant interest in Aker Drilling and our drilling units, says Sjøberg. Aker H-6e is designed according to Norwegian Rules and Regulations and particularly suited for work in Norway. This contract on the Halten Nordland area is exactly the kind of work we are aiming for: a demand for safe and efficient operations in one of the most challenging environments in the world. -This contract with Statoil is therefore a confirmation that we have made the right decisions both with respect to the design of the units and the company, says Sjøberg Statoil has until 2008 to determine the contract's duration. Final day rate will be adjusted according to duration of the final contract. The agreement with Statoil pertains to Aker Drilling's first drilling unit currently under construction, which is scheduled to be ready for field operations in February 2008. Contract commencement will be immediately following delivery of the drilling unit. Last week, Aker Drilling also confirmed the contract with the offshore exploration company Aker Exploration for three-year agreement for the second of the two identical units. For further information, please contact: Geir Sjøberg, President and CEO of Aker Drilling ASA, tel.: +47 907 83 083


 

Well 7122/7-5 is drilled as an exploration well on the western structure on the Goliat Field. The well penetrated 4 reservoir targets. Preliminary results indicate no movable hydrocarbon bearing sands within any of these reservoir units. Planned operations forward are to plug the well to the current casing shoe prior to perform a sidetrack operation into another fault segment. The Goliat oil discovery has been confirmed by previous wells in the central and southern area, and is located 85 km north-west of Hammerfest and 50 km southeast of the Snøhvit field and the drilling is being undertaken by the semi-submersible drilling rig "Polar Pioneer". The water depth is 371 meters and the well was drilled to a total depth of 2228 meters. A final press release will be issued after completion of the well. DNO holds a 15 % working interest in this license. DNO ASA 22 December 2006 Contact: Helge Eide, MD - DNO ASA Telephone: +47 23 23 84 80


 

Press Release


 

Regarding: Offer from Sabaro Investments Limited to the shareholders of Consorte Group ASA Statement from the Board of Consorte Group ASA Background This statement from the Board of Consorte Group ASA is given in connection with the mandatory offer given by Sabaro Investments Limited (hereafter Sabaro) defined in the document dated November 30th 2006 regarding the purchase of all outstanding shares in Consorte Group ASA. The offer is given as a result of Sabaro's increase in portfolio of shares in Consorte Group ASA to above 40% - the limit for mandatory offer. Statement from the board According to § 4-16 in the Norwegian Securities Trading Act the board is obliged to give a statement regarding the offer one week prior to expiration of offer. The expiration date is 3rd January, 4 o'clock PM Norwegian time. The statement shall be sent to Oslo Stock Exchange and be made known to the shareholders and employees of Consorte Group ASA. The board has read the offer and will in the following address issues that it sees as important regarding evaluation of the offer. The offered price is NOK 8.75 per share. The Board of Directors has assigned Pareto Securities ASA to provide a fairness opinion ("Fairness Opinion") regarding the offer price in connection with the board's statement regarding the offer. Pareto Securities has currently no other agreements or assignments with Consorte. Pareto Securities ASA has performed an evaluation of the company's future earnings, estimated future cash flows, stock market valuation of comparable companies, the share price development of the Consorte share, the offer premium, etc., and concludes, subject to customary assumptions and conditions, that the offer price is too low and thus not reflecting the current fair value of the company. The board points to the fact that the shares of Consorte Group ASA have been traded for higher prices after the offer was issued. The employees of Consorte Group ASA and subsidiaries are informed of the offer. There are two employee representatives in the board of Consorte Group ASA. The board is not aware of any comments from the employees regarding the offer. The board wants at this time also to inform the shareholders and the stock market that the planned and notified restructuring costs after the changes in business model and integration of Intelecom AS will be extensive than previously notified. The board estimates the total restructuring costs to amount to MNOK 22-27. These increased restructuring costs do not indicate a downgrading of the group's solidity or market strength, but is a result of allocation for future liabilities regarding existing office rent and that the change in business model indicates that some capitalized development projects are assessed too high in the balance sheet. A detailed presentation of the restructuring actions will be given at the 4th quarter presentation 25th February 2007. Recommendation regarding the offer from Sabaro Investment Limited Base don the above, the board cannot recommend the shareholder to accept the offer. This recommendation is from a unanimous board. Board member Viktor Sandland, CEO of Rowan AS, a 100% subsidiary of Rowan Investments Ltd which is an associated company of Sabaro Investments Ltd, did not participate in the board's considerations of the offer or the board's statement. The following member of the board own shares,forward contract or options in Consorte Group ASA: Bjørn Fosli 250.000 shares on forward contract, Viktor Sandland 200.000 shares on forward contract and 3.000 shares, Trond Storbråten 1.123.860 shares. None of the members of the board will accept the offer. CEO Guttorm Johansen holds 110.900 shares and 200.000 options in the company and will likewise not accept the offer. Oslo, 22.12.2006 The Board of Consorte Group ASA


 

Nordic Business Report-December 22, 2006-Aker Kvaerner wins contract for water treatment centre in the UK (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian engineering, construction and technology group Aker Kvaerner ASA said on Friday (22 December) that it has been awarded a major contract by Northumbrian Water to provide the process requirements for the latest improvement scheme at the Bran Sands Effluent Treatment Centre. The centre, at Teesport, treats domestic sewage together with the waste from several industrial processes from the surrounding area. Aker Kvaerner will provide the procurement, construction, functional commissioning, testing and training needs for the scheme. The contract has already commenced, with a seven-month construction period. No financial details were provided. This latest contract is in addition to the five-year capital maintenance works that Aker Kvaerner has been carrying out since July 2005. Aker Kvaerner, headquartered in Lysaker in Norway, has 23,000 employees in over 30 countries. The company is 50.1%-owned by Norwegian industrial holding group Aker Group. Aker Kvaerner is listed on the Oslo Stock Exchange under the symbol AKVER. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Wavefield Inseis AS completes acquisition of AIM Geophysical (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian marine geophysical company Wavefield Inseis AS said on Friday (22 December) that it has formally finalised the acquisition of the Houston-based multi-client seismic data specialist AIM Geophysical in a cash transaction. AIM Geophysical will continue to provide Gulf of Mexico multi-client services under its name but will actively integrate its experience and expertise into all aspects of the multi-client business unit of Wavefield Inseis. Wavefield Inseis said that the acquisition is in line with the companys growth strategy of expanding the seismic vessel fleet and optimising utilisation of vessel capacity within the exclusive contract and multi-client seismic market. The acquisition price was not disclosed. Wavefield Inseis, headquartered in Bergen, Norway, provides proprietary data acquisition services and offers a portfolio of non-exclusive multi-client data to the global exploration community. The company has activities in the Americas, Europe, Africa, the Middle East and Asia. ((Comments on this story may be sent to tww.feedback@m2.com))


 

CTO and primary insider in Vmetro asa Thomas Nygaard has transferred all his shares to Elima AS. The transaction does not change any direct or indirect ownership of totally 1,094,090 shares in the company. --- End of Message --- ISIN: NO0003074601; ;


 

KESKO CORPORATION STOCK EXCHANGE RELEASE 22.12.2006 AT 15.15 1(1) The Supreme Court has dismissed all petitions for leave to appeal against the decisions made in June by the Court of Appeal in the K-citymarket litigations. Consequently, the Court of Appeal's decisions remain in force. Kesko has published stock exchange releases on the subject on 10 April 2001, 17 August 2001, 26 March 2004 and 14 June 2006. Further information is available from Anne Leppälä-Nilsson, General Counsel, telephone +358 1053 22347. Kesko Corporation Paavo Moilanen Senior Vice President, Corporate Communications DISTRIBUTION Helsinki Stock Exchange Main news media


 

Nordic Business Report-December 22, 2006-Atria Group Plc acquires Finnish beef cattle buying company (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish food processing company Atria Group Plc said on Friday (22 December) that it has acquired nearly the entire issued share capital of the Finnish company A-Farmers Ltd. A-Farmers is a beef cattle buying company which recorded a turnover of EUR81.7m in 2005. Atria purchases nearly all its pork, beef and poultry from A-Farmers. The transaction was priced at A-Farmers equity value, with Atria paying a total of 900,000 new series A shares and some EUR1.3m in currency for the purchase price. Atria Group, headquartered in Nurmo in Finland, is the largest manufacturer of meat products in the Baltic Sea area. The group has over 5,000 employees and an annual turnover of approximately EUR980m. Atria Group is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Fabege AB acquires property in Sundbyberg, Sweden (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Swedish property company Fabege AB said on Friday (22 December) that it has acquired a 27,000 square metre property in central Sundbyberg in Sweden for SEK370m. The seller is Svenska Spel AB, which will remain in the building as a tenant. In connection with the acquisition Fabege and Svenska Spel will sign a new ten-year rental agreement. The purchase price corresponds to a yield of about 7% for a fully let building. The property, which primarily contains office, retail and storage space, currently has an occupancy rate of 93%. Fabege AB is one of Swedens leading property companies. The book value of the companys property portfolio is some SEK26bn. Fabege is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Fortum Corporation to buy nuclear fuel from Russia (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish energy group Fortum Corporation said on Friday (22 December) that it will, starting in the beginning of 2008, buy all the nuclear fuel used in the Loviisa nuclear power plant from Russias TVEL Corporation. The contract will cover nuclear fuel deliveries to the Loviisa power plant until the end of the lifetime of both units. Russian nuclear fuel has been delivered to the Loviisa power plant during its entire 30 years of operational life. One of the suppliers has been TVEL Corporation. TVEL Corporation is the leading nuclear fuel producer in Russia. It delivers fuel for 73 reactors in Russia and also exports fuel to 13 countries. Fortum, based in Espoo in Finland, is a leading Nordic energy utility with some 9,000 employees and annual sales of EUR3.88bn. Fortum is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.4 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Telelogic AB signs USD4m agreement (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT company Telelogic AB said on Friday (22 December) that it has signed a five-year licence, maintenance and service agreement worth USD4m. The customer is an international electronics and systems group serving defence, aerospace and security markets. The companys 30 development sites will gain access to core components of Telelogics solutions for Enterprise Lifecycle (ELM) such as Telelogic System Architect for business process modelling, Telelogic DOORS for requirements management and analysis and Telelogic Synergy for change and configuration management. Telelogic, headquartered in Malmo, Sweden, is a systems and software development solutions provider with US headquarters in Irvine in California, and with operations in 20 countries. Telelogic is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Polimoon has today acquired 45% of CD Plast in France with a commitment to acquire the remaining shares within a certain period. CD Plast is an engineering company specialized in engineering and development of components in plastics. CD Plast employs approx. 25 engineers, which are highly skilled in development. With the acquisition of CD Plast Polimoon will significantly strengthen our development capabilities. "The acquisition of CD Plast is a part of Polimoon's strategy to increase our cooperation and strengthen the link with our customers", says CEO Arne Vraalsen. END Polimoon holds a leading position within manufacturing, developing and selling of plastic products with 41 operations across Europe. Polimoon develops, manufactures and sells a wide range of packaging products within the consumer, chemical and medical industries as well as components to the automotive industry. Polimoon has approximately 4 300 employees with 370 employed in Norway, where the head office is located. Annual sales are in excess of 4,5 billion NOK. Examples of products include bottles for sauces, shampoos, disinfectants, deodorants, canisters for hazardous chemicals, IV bags for medical care, and interior engine components for the passenger car and truck industry. For further information: Arne Vraalsen, President and CEO, +47 22 01 79 00 or +45 20 45 99 19 www.polimoon.com


 

Hafslund ASA has today issued a Euro 50 million 7-year Schuldschein loan in Germany. The terms are competitive to the terms in the Norwegian bond market. The issue is part of the financing of the acquisition of Viken Fjernvarme AS. Hafslund is planning a further issue in the same market during the first quarter of 2007. Hafslund ASA Oslo, 22 December 2006 For further information, please contact: Group Treasurer Ketil Wang, tel + 47 975 13 135


 

Nordic Business Report-December 22, 2006-Awilco Offshore ASA enters into letter of award for jack-up drilling rig (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian offshore contractor Awilco Offshore ASA said on Friday (22 December) that it has, through Premium Drilling, entered into a letter of award for the jack-up drilling rig WilSuperior. The contract with Thang Long Joint Operating Company, which is owned 60% by Talisman (Vietnam) Ltd and 40% by PetroVietnam Exploration & Production, is for a period of 12 months operating offshore Vietnam. The contract is valued at some USD82m. WilSuperior is currently under construction at PPL Shipyard in Singapore and will be delivered in the second quarter of 2007. Awilco Offshore ASA is headquartered in Oslo, Norway. The company is listed on the Oslo Stock Exchange under the ticker AWO. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Hafslund ASA issues EUR50m loan in Germany (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian electricity and security group Hafslund ASA said on Friday (22 December) that it has issued a EUR50m seven-year Schuldschein loan in Germany. The issue is part of the financing of the acquisition of Viken Fjernvarme AS. Hafslund is planning a further issue in the same market during the first quarter of 2007. Hafslund, headquartered in Oslo, Norway, is one of the largest listed electricity utilities in the Nordic region, as well as major player within security services and contracting. Hafslunds shares are listed on the Oslo Stock Exchange under the tickers HNA and HNB. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-NCC sells properties in Finland and Sweden (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish construction group NCC said on Friday (22 December) that its subsidiary NCC Property Development has sold properties in Finland and Sweden for a total sales consideration of about SEK435m. The sales will generate combined capital gains of approximately SEK100m, which will be reported during the fourth quarter of 2006. In Finland NCC has sold Plaza Allegro to SEB Immobilien-Investment GmbH, a real estate company owned by SEB Asset Management AG. The property is part of Plaza Business Park, in Vantaa outside Helsinki, and consists of 5,000 square metres of commercial floor space. In Sweden NCC has sold the Kaggen office project in Vastra Hamnen, Malmo. The purchaser is Alecta Pensionsforsakring Omsesidigt. Kaggen has 8,100 square metres of floor space and NCC Southern Region is leasing 3,850 square metres of office space on three storeys of the property. Additional sales that have been completed include the investment property Varjan 16 in Alingsss. The purchaser is Aftonstjernan Property Development. NCC, headquartered in Solna, Sweden, is a leading Nordic construction and property development company with 21,000 employees and annual sales of SEK50bn. NCC is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Polimoon ASA acquires French development company (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian plastic products developer and manufacturer Polimoon ASA said on Friday (22 December) that it has acquired 45% of the French development company CD Plast with a commitment to acquire the remaining shares within a certain period. CD Plast is an engineering company that specialises in engineering and development of components in plastics. Polimoon said that with the acquisition of CD Plast it will significantly strengthen its development capabilities. No financial details were disclosed. Polimoon is headquartered in Oslo, Norway. It has more than 4,300 employees at 41 locations across Europe. The company is in the process of being acquired by Star AcquisitionCo AS, a wholly-owned subsidiary of Icelandic company Promens hf, part of the investment company Atorka Group hf. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-SeaBird Exploration Ltd enters into 5-year charter (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian-controlled seismic services provider SeaBird Exploration Ltd said on Friday (22 December) that it has entered into a five-year firm bareboat charter with Siem Offshore Inc for the vessel Siem Mariner. SeaBird will convert the vessel to a state-of-the-art SeaBed Seismic vessel at a cost estimated to be approximately USD17m. The value of the firm period of the contract has been set at approximately USD57m and it is scheduled to start in the second quarter of 2007. SeaBird has an option to purchase the vessel at the expiry of the firm five-year period at a price of approximately USD48m. SeaBird Exploration, with an operational office in Dubai, is a global provider of marine 2D and 3D seismic data, solutions for seabed acquisition of 4C/4D multi-mode seismic, and associated products and services to the oil and gas industry. The company operates a fleet of five vessels. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

The Company announces that at a Board meeting held on 18 December 2006, under the terms of the facility agreement dated 2 September 2006, 266,667 Unlisted Warrants were granted with an exercise price of £0.49 per share. In addition, the Company announces that at a Board meeting held on 19 December 2006, under the terms of the existing convertible loan facility arrangement dated 7 June 2005, 258,716 Ordinary Shares of 20p each ("Ordinary Shares") were allotted at a price of ¤0.63 per share. The Company further announces that at a Board meeting also held on 19 December 2006, under the terms of settlement for a creditor liability, 133,333 Ordinary Shares were allotted at a price of ¤0.63 per share. The Company also announces that at a Board meeting held on 20 December 2006, under the terms of the facility agreement dated 2 September 2006, 404,040 Ordinary Shares were allotted at a price of ¤0.99 per Ordinary Share and 161,616 Unlisted Warrants were granted with an exercise price of £0.80 per share. The Company announces that at a Board meeting held on 21 December 2006, 59,700 Ordinary Shares were allotted at a price of £0.67) per share. These Ordinary Shares were issued to Christopher Ross, Chairman of the Company, in lieu of part of his remuneration for the six months ended 31 December 2006. The calculation of the number of shares was based upon the closing bid price of the Company's shares on the Alternative Investment Market on 18 December 2006. Following the issue Mr Ross will hold 59,700 Ordinary Shares, amounting to 0.1% of the Company's total issued share capital. The Company announces that at a Board meeting held on 21 December 2006, 80,000 Ordinary Shares were allotted at a price of £0.67 per share. These Ordinary Shares were issued to David Bovell, a Director of the Company, in lieu of part of his salary for the six months ended 31 December 2006. The calculation of the number of shares was based upon the closing bid price of the Company's shares on the Alternative Investment Market on 18 December 2006. Following the issue Mr Bovell will hold 438,936 Ordinary Shares, amounting to 1.02% of the Company's total issued share capital. The enlarged issued share capital of the Company now consists of 43,141,002 Ordinary Shares. Application for the admission to AIM of the Ordinary Shares allotted above will be made and dealings are expected to commence on 29 December 2006. The Ordinary Shares will, on admission to AIM, rank pari passu with, and will be identical in all respects to, the existing ordinary shares of the Company. Application will also be made at the earliest practical opportunity for admission of the Ordinary Shares to trading on Euronext Amsterdam. Enquiries Should you have any queries please contact: - John Moore, CEO, Antonov plc +44 1842 768320 Jos Haag, Director Antonov plc +31 651 561 767 David Rae, Dawnay Day Corporate Finance +44 207 509 4570 Shane Dolan, Biddicks +44 207 448 1000


 

The Boards of Directors of Aftenposten AS, Bergens Tidende AS, Fædrelandsvennen AS, Fædrelandsvennens Trykkeri AS, Stavanger Aftenblad ASA and Schibsted ASA have approved merger plans for the establishment of the new media group Media Norge. Media Norge aims to become the leading media company in Norway - characterised by capacity for innovation and the systematic development of new products in all available channels - both regionally and nationally. The main area for joint efforts within the new group will be new digital products. The Media Businesses will maintain a strong regional affiliation. The institution of editorship will have a strong position, both formally and in practise. The headquarters of Media Norge shall be established in Bergen, but the group shall have regional resource and competency centres. The current administrative and editorial organisation of the media businesses will remain unchanged under the ownership integration. The shareholders of the media businesses will receive merger consideration in the form of shares of Media Norge ASA, based on the following exchange ratio: Aftenposten AS - 47.61%, Bergens Tidende AS - 21.37%, Fædrelandsvennen AS and Fædrelandsvennens Trykkeri AS - 10.82% (consolidated) and Stavanger Aftenblad ASA - 20.20%. In addition, the shareholder of Aftenposten AS, Schibsted ASA, will receive NOK 700 million by way of merger consideration. Schibsted has minority stakes in all the media houses, including 52.8% in Bergens Tidende. The mergers will leave Schibsted ASA with a 68.33% ownership stake in Media Norge, but Schibsted ASA has undertaken to reduce its ownership stake to 50.1% by way of a secondary sale, whereby the shareholders of the media businesses shall hold pre-emptive rights to purchase up to 25% of the shares at a price corresponding to 90% of the price determined in respect of the other investors under the secondary sale. It is a prerequisite for the implementation of the mergers that neither the Norwegian Competition Authority nor the Norwegian Media Authority render any decisions that imply prohibition of the mergers or the imposition of materially burdensome conditions. It is also a condition that the Extraordinary General Meetings in all media houses on 15th February 2007 decide in favour of the merger. Enclosed with the present announcement is a document containing additional information respecting the mergers, Media Norge and the media businesses. Contact person: EVP Schibsted Norway Birger Magnus, tel.: +47 90 03 00 93 Oslo, December 22th, 2006 SCHIBSTED ASA --- End of Message --- ISIN: NO0003028904; ;


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | AXA Investment Managers UK | | | Limited/AXA Framlington | | | Investment Management Limited | |-----------------------------------+-------------------------------| | Company dealt in | Cattles Hold Ord 10p | |-----------------------------------+-------------------------------| | Class of relevant security to | Ordinary shares | | which the dealings being | | | disclosed relate (Note 2) | | |-----------------------------------+-------------------------------| | Date of dealing | 21/12/06 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +-------------------------------------------------------------------------------------------+ | | Long | Short | | | | | |---------------+--------------------------+------------------------------------------------| | |Number |Number | | | (%) | (%) | |---------------+--------------------------+------------------------------------------------| |(1) Relevant |4,893,711 (1.48%) | | |securities | | | | | | | |---------------+--------------------------+------------------------------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+--------------------------+------------------------------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+--------------------------+------------------------------------------------| |Total |4,893,711 (1.48%) | | | | | | +-------------------------------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +--------------------------------------------------------------------------+ |Class of | Long | Short | |relevant | | | |security: | | | | | | | |---------------+----------------------------+-----------------------------| | |Number |Number | | | (%) | (%) | |---------------+----------------------------+-----------------------------| |(1) Relevant | | | |securities | | | | | | | |---------------+----------------------------+-----------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+----------------------------+-----------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+----------------------------+-----------------------------| |Total | | | | | | | +--------------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | Sold | 3,300 | 4.360p | | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short (Note | Number of securities | Price per | | name, | 6) | (Note 7) | unit (Note | | e.g. CFD | | | 5) | |----------+------------------+------------------------+------------| | | | | | | | | | | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 22/12/06 | |--------------------------------------------------+----------------| | Contact name | Tariq Ghandour | |--------------------------------------------------+----------------| | Telephone number | 0207 003 2805 | |--------------------------------------------------+----------------| | If a connected EFM, name of offeree/offeror with | N/A | | which connected | | |--------------------------------------------------+----------------| | If a connected EFM, state nature of connection | N/A | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Nordic Business Report-December 22, 2006-Hafslund ASA sells Hatros I AS to Nordisk Renting (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian electricity and security group Hafslund ASA said on Friday (22 December) that it has sold 100% of the shares in Hatros I AS to RBS Nordisk Renting for NOK362m. The company is a single purpose company with 15 properties in Oslo. The properties mainly consist of transformer stations with surrounding areas. Hafslund will lease back part of the properties for a period of 15 years with an option for extension. Hafslund will also be responsible for the technical and building related maintenance of the properties during the period. The sale gives an accounting profit before tax of about NOK290m. Hafslund, headquartered in Oslo, Norway, is one of the largest listed electricity utilities in the Nordic region, as well as a major player within security services and contracting. Hafslunds shares are listed on the Oslo Stock Exchange under the tickers HNA and HNB. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Hafslund ASA sells its stake in Gota Energi Holding AB (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian electricity and security group Hafslund ASA said on Friday (22 December) that it has entered an agreement with Oresundkraft Marknad AB to sell Hafslunds 50% ownership share in Gota Energi Holding AB. Gota Energi Holding AB owns 100% in the company Gota Energi AB, an electricity end user company with about 48,000 customers in Sweden. The agreement includes the sale of shares and repayment of Hafslunds loan to Gota Energi. The transaction involves a total cash transfer to Hafslund of SEK70.3m. With the acquisition Oresundkraft will own 100% of Gota Energi Holding AB. Hafslund, headquartered in Oslo, Norway, is one of the largest listed electricity utilities in the Nordic region and is a major player within security services and contracting. Hafslunds shares are listed on the Oslo Stock Exchange under the tickers HNA and HNB. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Industri Kapital to invest in Magotteaux (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com European private equity investor Industri Kapital said on Friday (22 December) that it has signed an agreement to invest in Belgian company Magotteaux, a world leading supplier of grinding media for the cement, mining, aggregates and dredging industries. Magotteaux is focussed on preparing metallurgical advanced grinding media for a variety of industries that involve crushing and grinding processes. Products include grinding balls and wear tables, diaphragms and linings for mills Upon completion of the transaction Industri Kapital will obtain a significant stake in Magotteauxs capital. No financial information was provided. Industri Kapital is a European buy-out firm with offices in London, Stockholm, Hamburg, Paris and Oslo. Its current portfolio comprises some 24 companies with a combined turnover of EUR8.6bn. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Saab acquires 18% stake in Cold Cut Systems Svenska AB (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish defence and aerospace group Saab said on Friday (22 December) that Saab and Cold Cut Systems Svenska AB (CCS) have today extended their collaborative partnership to include Saab Ventures as part-owner. The agreement includes acquisition of an 18% stake in Cold Cut Systems. The acquisition price was not disclosed. Cold Cut Systems Svenska AB, with sales of SEK30m, develops, manufactures and markets products for rescue work and extinguishing fires. Saab Ventures is a risk capital unit within the Saab Group that invests in small and medium-sized companies using innovative technologies relevant to current and future business transactions for the Saab Group. Saab, headquartered in Linkoping in Sweden, is a high-tech company active within defence, aviation and space. The company has over 12,800 employees and annual sales of SEK19.31bn. Saab is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

ASPOCOMP GROUP OYJ STOCK EXCHANGE RELEASE December 22, 2006 at 1:20 PM Aspocomp Group Oyj's shareholders are invited to an extraordinary general meeting that will be held on Friday, January 19, 2007, from 1 p.m. onwards at Palace Gourmet's conference hall. The address is Eteläranta 10, 10th floor, Helsinki, Finland. The check-in of shareholders who have signed up for the meeting will start at 12:30 p.m. Matters to be addressed at the meeting: 1. AUTHORIZING THE BOARD OF DIRECTORS TO DECIDE ON SHARE ISSUES (appendix 1) The Board of Directors proposes that the General Meeting authorize the Board to decide on issuing new shares and conveying the Aspocomp shares held by the company. The new shares would be issued and the company's own shares conveyed either against payment or for free to the company's shareholders in proportion to their holding, or by means of a directed issue, waiving the pre-emptive subscription right of shareholders, if there is a weighty financial reason for the company to do so, such as the use of the shares as consideration in acquisitions or other business arrangements, to finance investments or as part of the company's incentive scheme. The directed issue can be a free issue only if there is an especially weighty reason for the company to do so, taking the interests of all shareholders into account. The authorization would also include the right to grant special rights, as specified in Article 1 of Chapter 10 of the Companies Act, to receive new shares in the company or Aspocomp shares held by the company against payment such that either the share subscription price will be paid in cash or the subscriber's receivables will be offset against the subscription price. A maximum of 50,000,000 new shares would be issued. A maximum of 200,000 own shares held by the company could be conveyed. In addition, the authorization would include the right to decide on a free issue to the company itself such that the number of shares issued to the company would amount to no more than one-tenth (1/10) of all the company's shares. Own shares held by the company or its subsidiaries will be included in this amount as specified in paragraph 1, Article 11, Chapter 15 of the Companies Act. The Board of Directors would have the right to decide on other particulars of the share issues. The authorization would be valid for two (2) years from the date of the decision of the General Meeting. 2. THE NUMBER AND ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS 3. AMENDMENTS TO THE ARTICLES OF ASSOCIATION (appendix 2) The Board of Directors proposes that the current Articles of Association be amended such that Article 3, which concerns the minimum and maximum share capital, Article 4, which concerns the number of shares, and Article 16, which concerns the redemption obligation, be deleted. In addition, the numbering of Articles 5, 9, 13 and 15 of the Articles of Association would be changed and they would be amended to read as follows: Article 3 The shares of the company shall belong to the book-entry securities system. Article 7 The company shall be represented by Board members, either two together or with a person authorized to represent the company, or by the President and CEO together with a Board member or another person authorized to represent the company. The Board may authorize other named persons to represent the company such that they shall represent the company either two together or with a Board member or the President and CEO. Article 11 The Notice of Meeting shall be delivered by means of a notice published in newspapers chosen by the Board no sooner than two months and no later than seventeen (17) days before the General Meeting. Article 13 At the Annual General Meeting, the following shall be: submitted: 1. financial statements, the consolidated financial statements and the report of the Board of Directors, 2. the auditors' report, decided: 3. adoption of the financial statements and consolidated financial statements, 4. use of the profits shown in the balance sheet, 5. the release of the Board members and President and CEO from liability, 6. remuneration of the Board members and auditor, 7. the number of Board members, 8. other matters stated in the Notice of Meeting, elected: 9. members of the Board of Directors, 10. the auditor. AVAILABILITY OF THE DOCUMENTS The proposals of the Board of Directors will be available for inspection as from January 12, 2007 at Unioninkatu 18, 00130 Helsinki. Copies of these documents will be sent to shareholders at their request. RIGHT TO ATTEND A shareholder is entitled to attend the General Meeting provided that he or she has been entered as a shareholder in the Shareholder Register of the company, which is maintained by Finnish Central Securities Depository Ltd, on Tuesday, January 9, 2007, and has registered for the General Meeting in the manner specified below. REGISTRATION A shareholder who wishes to attend the General Meeting must notify the company of his or her intention to do so no later than 4 p.m. on Tuesday, January 16, 2007, either - by mail, Aspocomp Group Oyj, P.O. Box 331, 00131 Helsinki, Finland, or - by telephone, +358 9 7597 0735/Nora Nyman, or - by fax, +358 9 7597 0720, or - by email, yhtiokokous@aspocomp.com. The notification must state the name of the shareholder, his or her representative, if any, and the contact information. We request that any Powers of Attorney be submitted in connection with the registration or be sent by post. Mailed and emailed notifications must reach the company before the deadline. Helsinki, December 22, 2006 THE BOARD OF DIRECTORS OF ASPOCOMP GROUP OYJ Distribution: The Nordic Exchange Major media www.aspocomp.com APPENDIX 1: PROPOSAL ON BOARD AUTHORIZATIONS The Board of Directors proposes to the Extraordinary General Meeting of Aspocomp Group Oyj that will be held on January 19, 2007, that the General Meeting will decide to grant the following authorizations to the Board of Directors: 1. SHARE ISSUE AUTHORIZATION The Board of Directors will be authorized to decide on issuing new shares and conveying the Aspocomp shares held by the company ("Share Issue Authorization"). The new shares can be issued and the company's own shares conveyed either against payment or for free: - to the company's shareholders in proportion to their holding; or - by means of a directed issue, waiving the pre-emptive subscription right of shareholders, if there is a weighty financial reason for the company to do so, such as the use of the shares as consideration in acquisitions or other business arrangements, to finance investments or as part of the company's incentive scheme. The directed issue can be for free only if there is an especially weighty reason for the company to do so, taking the interests of all shareholders into account. 2. GRANTING OF SPECIAL RIGHTS The Board of Directors is authorized to grant special rights, as specified in Article 1 of Chapter 10 of the Companies Act, to receive new shares in the company or Aspocomp shares held by the company against payment such that either the share subscription price will be paid in cash or the subscriber's receivables will be offset against the subscription price. 3. MAXIMUM NUMBER OF SHARES TO BE ISSUED A maximum total of 50,000,000 new shares can be granted in the share issue and/or on the basis of special rights. A maximum of 200,000 own shares held by the company can be conveyed. 4. FREE ISSUE TO THE COMPANY The Board of Directors is authorized to decide on a free issue to the company itself such that the number of shares issued to the company would amount to no more than one-tenth (1/10) of all the company's shares. Own shares held by the company or its subsidiaries will be included in this amount as specified in paragraph 1, Article 11, Chapter 15 of the Companies Act. The rules concerning own shares held by the company will be applied to the new shares registered for the company. OTHER TERMS AND PERIOD OF VALIDITY The Board of Directors will decide on other particulars of the share issues. The Share Issue Authorization will be valid for no longer than two (2) years from the date of the decision of the General Meeting. Helsinki, December 22, 2006 The Board of Directors APPENDIX 2: ARTICLES OF ASSOCIATION OF ASPOCOMP GROUP OYJ I TRADE NAME, DOMICILE AND LINE OF BUSINESS OF THE COMPANY Article 1 The trade name of the company shall be Aspocomp Group Plc. The trade name of the company in the English language shall be Aspocomp Group Plc. The company shall be domiciled in Helsinki. Article 2 The purpose of the company shall be, to itself or through its subsidiaries, manufacture, trade, export, import and design components for the electrical and electronic industries. The company shall centrally pro-vide for matters in relation to the administration, financing and strategic planning of its group companies, as well as plan the group's investments. II SHARE CAPITAL AND SHARES Article 3 The shares of the company shall belong to a book-entry securities system. III ADMINISTRATION OF THE COMPANY The Board Article 4 The Board shall consist of no fewer than four (4) and no more than eight (8) members. The term of office of the members of the Board shall expire at the end of the ordinary general meeting of the company which follows the election. Article 5 The Board shall form a quorum when more than half of its members are in attendance and one of these is the Chairman or the Vice-chairman. Minutes Article 6 Minutes shall be kept of meetings of the Board, in which those participating in the meeting and the decisions made shall be recorded. Right to Sign in the Name of the Company Article 7 The company shall be represented by Board members, either two together or with a person authorized to represent the company, or by the President and CEO together with a Board member or another person authorized to represent the company. The Board may authorize other named persons to represent the company such that they shall represent the company either two together or with a Board member or the President and CEO. IV FINANCIAL STATEMENT AND AUDITORS Article 8 The financial period of the company shall be the calendar year. Article 9 The company meeting shall elect one auditor to inspect the administration and accounts of the company. The said auditor shall be an auditing corporation approved by the Central Chamber of Commerce of Finland. The term of office of the auditor shall be the financial period. V SHAREHOLDER'S MEETING Article 10 The general meeting shall be held in Helsinki, Vantaa or Espoo. In order to exercise his right to speak and vote at a company meeting, a shareholder must register in the manner specified in the invitation to the meeting. The closing date for registration shall be no sooner than ten days before the meeting. Article 11 The Notice of Meeting shall be delivered by means of a notice published in newspapers chosen by the Board no sooner than two months and no later than seventeen (17) days before the General Meeting. Article 12 The company meeting shall be opened by the Chairman or Vice-chairman of the Board or by the oldest member of the Board in attendance, after which the chairman of the meeting shall be elected. The minutes of the company meeting shall be recorded by a secretary summoned so to do by the chairman. The minutes shall be signed by the chairman and by two verifiers elected at the meeting for this purpose. Article 13 At the Annual General Meeting, the following shall be: submitted: 1. financial statements, the consolidated financial statements and the report of the Board of Directors, 2. the auditors' report, decided: 3. adoption of the financial statements and consolidated financial statements, 4. use of the profits shown in the balance sheet, 5. the release of the Board members and President and CEO from liability, 6. remuneration of the Board members and auditor, 7. the number of Board members, 8. other matters stated in the Notice of Meeting, elected: 9. members of the Board of Directors, 10. the auditor.


 

Wavefield Inseis AS announces today that it has formally finalized the acquisition of the Houston based multi-client seismic data specialist AIM Geophysical in a cash only transaction. Founded in 2000, AIM Geophysical has been extremely successful in attracting industry interest in the multi-client 3D data sets it has acquired both on and off the shelf in the highly competitive Gulf of Mexico region using traditional towed streamer technology and Ocean Bottom Cables (OBC). The reputation of AIM Geophysical and their focus on the Gulf of Mexico will greatly enhance the current international portfolio and multi-client business development activities of Wavefield Inseis. This acquisition is in line with the company's growth strategy of expanding the seismic vessel fleet and optimizing utilisation of vessel capacity within the exclusive contract and multi-client seismic market. AIM Geophysical will continue to provide Gulf of Mexico multi-client services under its name but will actively integrate its experience and expertise into all aspects of the multi-client business unit of Wavefield Inseis. David Wegner, President of AIM Geophysical, stated that "This transaction provides AIM with an extensive fleet of world class vessels and highly experienced operations personnel which will enable us to begin executing our multi-client strategy in the Gulf of Mexico in early 2007." Contacts: Rick Donoghue VP Marketing and Sales Tel.: +44 (0) 1293 897466 Mob: +44 (0) 7736774551 E-mail: rick.donoghue@wavefield-inseis.com Erik Hokholt CFO Tel: +47 67 82 84 09 Mob: +47 90 75 60 64 E-mail: erik.hokholt@wavefield-inseis.com


 

Annual Report 2006 and Notice of AGM A copy of the above document has been submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority's Viewing Facility, which is situated at: Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS Tel. no. 020 7676 1000 22 December 2006 ---END OF MESSAGE---


 

Hafslund has entered an agreement with Öresundkraft Marknad AB to sell Hafslund's 50 percent ownership share in the company Gøta Energi Holding AB. Gøta Energi Holding AB owns 100 percent in the company Gøta Energi AB, an electricity end user company with about 48,000 customers in Sweden. The agreement includes sale of shares and repayment of Hafslund's loan to Gøta Energi. The transaction involves a total cash transfer to Hafslund of SEK 70.3 million. Öresundkraft will following the acquisition own 100 percent of Gøta Energi Holding AB. The sale gives no profit or loss effect for Hafslund. Hafslund ASA Oslo, 22 December 2006 Financial director Markets, Knut Braathen, tel. +47 95 12 35 43. Vice President Investor Relations, Heidi Ulmo, tel. +47 90 91 93 25.


 

TRADING SYMBOL: TORONTO & OSLO: CRU FRANKFURT: KNC OTC-BB-other: CRUGF LONDON, United Kingdom: December 22, 2006 - Crew Gold Corporation ("Crew" or the "Company") (TSE & OSE: CRU; Frankfurt: KNC; OTC-BB- other: CRUGF.PK). Crew is pleased to report that the initial phase of the 500 t/d plant has been substantially completed and the Masara mine has commenced continuous operation. The first gold pour at the new 500 t/d plant has taken place. Plant recoveries are in accordance with expectations at 90.2% for gold and 71.1% for silver. Both the ore sampling and actual silver production from the plant have shown better recovered silver ratios than historical reported production numbers. Historical numbers have shown a ratio of 2-3 ounces of silver for each ounce of gold and a recovery of around 2 ounces silver per ounce gold. The first gold pour gave ratios around 4 ounces silver to 1 ounce gold recovered. Commissioning and initial full production at the 500 t/d plant will continue for to treat lower grade development ore from the Bonanza/Maligaya and Maria Inez vein systems with gold grades of +/- 4 g/t expected whilst higher grade stopes are developed. The expected average gold grade at full production is 6-6.5 g/t. The Phase-II plant, to treat an additional 2,400 tonnes per day, is under construction with a target start up date of the end of the second quarter 2007. The Masara operation in the Philippines is forecast to produce around 100,000 - 120,000 ounces for 2007, increasing to +180,000 ounces in 2008 at full production capacity and with full availability of higher grade underground stoping. Drilling and underground sampling continue to support the company's view that these corporate targets can be met. Jan A Vestrum President & CEO Safe Harbour Statement Certain statements contained herein, as well as oral statements that may be made by the company or by officers, directors or employees of the company acting on the company's behalf, that are not statements of historical fact, may constitute "forward-looking statements" and are made pursuant to applicable and relevant national legislation (including the Safe-Harbour provisions of the United States Private Securities Litigation Reform Act of 1995) in countries where Crew is conducting business and/or investor relations. Forward-looking statements, include, but are not limited to those with respect to Crew Acquisition Corp.'s intention to proceed with the compulsory acquisition. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "does not expect", "is expected", "targets", "budget", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or equivalents or variation, including negative variation, of such words and phrases, or state that certain actions, events or results, "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, the price of gold, fluctuations in financial markets, investor interest in the proposed private placement. Although Crew has attempted to identify important factors that could cause actual actions, events or cause actions events or results not to be anticipated, estimated or intended, there can be no assurance that forward looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Except as may be required by applicable law or stock exchange regulation, the company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. Accordingly, readers should not place undue reliance on forward-looking statements. Cautionary Note to US Investors - The United States Securities and Exchange Commission permits US mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured", "indicated", and "inferred" "resources", which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. US Investors are urged to consider closely the disclosure from the SEC's website at http://www.sec.gov/edgar.shtml. --- End of Message --- WKN: 226534105 ; ISIN: CA2265301036; ;


 

Nordic Business Report-December 22, 2006-Data Respons ASA subsidiary wins NOK11.5m development contract (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian embedded solutions developer Data Respons ASA said on Friday (22 December) that its newly acquired Danish subsidiary Embedit A/S has signed a development contract worth NOK11.5m with a leading international customer in the global hearing instrument and headset market. The contract is a continuation and extension of previous deliveries, and marks the third consecutive year in which Embedit has been chosen to supply a broad range of development services to the customer. The delivery will occur in the first half of 2007 Data Respons is headquartered in Hovik in Norway. The company supplies embedded solutions to leading OEM companies, system integrators and vertical product suppliers. The company has 183 employees and offices in Denmark, Finland, Norway, Sweden and Germany. Data Respons ASA is listed on the Oslo Stock Exchange under the ticker DAT. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Ericsson and 3 Italia establish Enhanced Uplink in a commercial network (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish telecomms solutions provider Ericsson (Nasdaq:ERIC) said on Friday (22 December) that Ericsson and 3 Italia have achieved the successful establishment of mobile data connections based on Enhanced Uplink in a commercial network. Ericssons Enhanced Uplink, employing HSPA technology, has delivered uplink speeds of 1.4Mb/s, more than triple the previous levels, and potential peak downlink speeds of 14.4Mb/s. This milestone marks the next step in the development of mobile broadband, signaling higher data speeds and lower production costs per gigabyte, according to the company. Subscriber service offerings based on HSPA on the uplink and faster downlink speeds are set to reach the market in early 2007. The first network employing HSPA on the downlink was provided by Ericsson. HSPA on the downlink has been commercially launched in 43 Ericsson-supplied networks. Ericsson is headquartered in Stockholm, Sweden. Its equipment is used in more than 1,000 networks in 140 countries, and 40% of the worlds mobile calls are made through Ericsson systems. The company is listed on the Nordic Exchange in Stockholm, and its shares are also traded on the London Stock Exchange and on Nasdaq. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Net Insight AB wins network equipment order (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish video, voice and data networking equipment developer Net Insight AB said on Friday (22 December) that another European Digital Terrestrial TV (DTT) operator has selected Net Insights Nimbra platform for a small initial step of their DTT network. The equipment will be delivered during the first quarter of 2007. Further orders are expected from the same customer during 2007, the company said. The value of the order was not disclosed. Net Insight, headquartered in Stockholm, Sweden, has offices in Sweden and the US. The company is listed on the Nordic Exchange in Stockholm. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-YIT Corporation to build new meat products plant for Atria in Russia (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish construction, engineering and services group YIT Corporation said on Friday (22 December) that the St Petersburg-based subsidiaries of YIT and the Finnish meat company Atria have signed an agreement for a new meat products plant and logistics centre. The facilities will be located on a plot owned by YIT in Gorelovo, close to Pulkovo Airport, the international airport that serves St Petersburg. The total value of the project is about EUR53m, including the plots that will be transferred to Atria. Construction of the production plant is expected to start immediately. YIT is headquartered in Helsinki, Finland. The group has 22,200 employees in eight countries. YIT is listed on the Nordic Exchange in Helsinki. Atria Group, headquartered in Nurmo in Finland, is the largest manufacturer of meat products in the Baltic Sea area. The group has over 5,000 employees and an annual turnover of approximately EUR980m. Atria Group is also listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

ASPO Plc STOCK EXCHANGE ANNOUNCEMENT December 22, 2006 at 12:00 a.m. An increase in the share capital of Aspo Plc totaling EUR 67,203.36, resulting from the exercise of subscription rights on 100,800 shares from the convertible capital loan issued in 2004 was registered today. Following the registration of these shares, the registered share capital of Aspo Plc totals EUR 17,451,695.37 with a total of 26,047,803 shares outstanding. The new shares entitle their holders to dividends for fiscal 2006. Other shareholder rights are to become effective as of the date of registration. The new shares will be traded on the Helsinki Stock Exchange as of December 27, 2006. ASPO Plc Gustav Nyberg CEO Aspo Group focuses on logistical services for industry. Aspo serves businesses in the energy and industrial process sectors requiring strong specialist and logistical know-how. Aspo's net sales in 2005 totaled EUR 204.9 million. About 36% of this came from Aspo Chemicals, 39% from Aspo Shipping and 25% from Aspo Systems.


 

Holding in company Impax Environmental Markets plc ("the Company") has been notified by Newton Investment Management Ltd that following a sale of 788,115 shares in the Company, Newton Investment Management Ltd and its subsidiaries now hold an aggregate interest in 19,818,850 ordinary shares in the Company. This represents 9.89% of the issued shares of the Company. ---END OF MESSAGE---


 

Nordic Business Report-December 22, 2006-Ahlstrom Corporation to increase prices for crepe paper grades (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish non-wovens and speciality papers producer Ahlstrom Corporation said on Friday (22 December) that it will increase prices on its crepe paper grades, mainly due to the continuous rise of raw materials, energy, transportation and packaging costs. The level of the increases will depend on the nature of the products, existing contracts and invoicing currencies. The price increases will be effective as from 1 January 2007. Ahlstroms crepe papers are used for masking tapes, wipes, medical sterilisation wraps and other specialty applications such as table covers and food absorption pads. Ahlstrom, headquartered in Helsinki, Finland, is a global leader in the development, manufacture and marketing of high performance fibre-based materials. It has 5,800 employees and production in more than 20 countries. The company reported net sales of EUR1.55bn in 2005. Ahlstrom is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Aker Kvaerner wins generating station contract in Canada (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian engineering, construction and technology group Aker Kvaerner ASA said on Friday (22 December) that Aker Kvaerner Songer Canada Ltd, in joint venture with Burns and McDonnell, has been awarded an Engineering, Procurement and Construction contract. The contract relates to the construction of the Halton Hills Generating Station, a 683 mega watt natural gas fueled, combined cycle facility for TransCanada Corporation. The project site of approximately 80 acres will be occupied by the generating station and its associated facilities. TransCanada will plan, develop, own and operate the generating station. Aker Kvaerner Songer Canadas portion is valued at approximately CAD175m. Aker Kvaerner Songer Canada is the union construction arm of Aker Kvaerner, which provides a full range of construction, maintenance and renovation services to the Canadian industrial sector. I Aker Kvaerner is 50.1%-owned by Norwegian industrial holding group Aker Group. It has 23,000 employees in over 30 countries. Aker Kvaerner is traded on Oslo Stock Exchange under the symbol AKVER. One British pound (GBP) is worth approximately 2.16 Canadian dollars (CAD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Alma Media Corporation and Keskisuomalainen Oyj cease talks on merger (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish media group Alma Media Corporation said on Friday (22 December) that the board of directors of Finnish media group Keskisuomalainen Oyj has decided not to continue discussions on the merger of the two companies. Alma Media believes that the merger of the two media companies would achieve significant benefits for their readers, advertisers, shareholders and employees. Alma Media announced on 21 December that parties have discussed a merger as the method of implementing the potential combination of the businesses. Alma Media, headquartered in Helsinki, Finland, invests in newspapers and online media. Its net sales in 2005 totalled EUR286m and the operating margin was almost 15%. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Elcoteq SE issues profit warning (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Helsinki-listed European electronics manufacturer Elcoteq SE, formerly Elcoteq Network Corporation, said on Friday (22 December) that it was revising its net sales and profit forecasts for the final quarter of the year downwards. The company currently forecasts that its fourth-quarter net sales will be slightly lower than in the third quarter and its operating income roughly one-half of the third quarters level. The main reasons for revising the forecast are lower than expected production volumes and intensified competition, especially in Europe in both Terminal Products and Communications Networks. The company also announced in a separate statement that its board of directors will propose to the companys Annual General Meeting that Elcoteqs domicile and head office be transferred to Luxembourg. However, there is no plan to move Elcoteqs operations in Finland to Luxembourg in conjunction with the transfer of domicile. Elcoteq SE is a leading electronics manufacturing services (EMS) company with original design manufacturing (ODM) capabilities in the communications technology field. The company operates in 16 countries on four continents and employs some 25,000 people. Elcoteq SE is listed on the Nordic Exchange in Helsinki. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Nokia wins EUR320m contract in Russia (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish telecomms solutions provider Nokia (NYSE: NOK) said on Friday (22 December) that it has won a major GSM/GPRS/EDGE network expansion contract from leading Russian operator MegaFon. Nokia will deliver both radio and core equipment as well as a range of services, that will help MegaFon deliver advanced mobile solutions to its fast-growing subscriber base. Nokia will supply radio and core network equipment including its mobile softswitching and IP Multimedia Subsystem solution (IMS) for fixed and mobile. Nokia is also supplying a range of services including project management, installation and relocation services for the fast ramp-up of the network, care services, and software maintenance and training services to keep the network running at peak performance. The value of the agreement is over EUR320m. Nokia, headquartered in Espoo in Finland, is a global mobile phone and network equipment manufacturer. It has nearly 59,000 employees worldwide, and reported net sales of EUR34.19bn in 2005. Nokia is listed on the Helsinki, Stockholm, Frankfurt and New York stock exchanges. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Simrad Optronics ASA subsidiary wins order from Kongsberg Group (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian military and industrial electro-optical instruments supplier Simrad Optronics ASA said on Friday (22 December) that its subsidiary Vinghog AS has received a new order from the Kongsberg Group to supply modules for Kongsbergs Protector Remote Weapon Station. The contract value is approximately NOK10m. Vinghor will deliver the equipment in March 2007. Simrad Optronics is headquartered in Oslo, Norway. The company is listed on the Oslo Stock Exchange and traded under the ticker SIT. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Ossur hf. (ICEX: OSSR), a trusted and leading global supplier of orthopaedic devices, announced today that it has acquired the Gibaud Group in France in a transaction valued at approximately USD 132 million (Euro 101 million). The Gibaud Group is a local leader in the design, production and distribution of medical devices used in the non-invasive orthopaedics sector, specializing in bracing, soft goods and compression therapy products (phlebology). The transaction closed today and Ossur will take over the operations of the Gibaud Group with immediate effect. This is 0ssur's second largest acquisition to date, and is in line with Ossur's strategic growth plans in the non-invasive orthopaedics industry. Commenting on the transaction, Ossur's President & CEO Jón Sigurdsson stated: "This acquisition is a milestone acquisition for us and in line with our strategy of consolidating the bracing and the soft goods segment of the non-invasive orthopaedics market on a global level. We are also entering a new and important segment of the non-invasive orthopaedics market in Europe, the phlebology segment, which is synergistic with the other non-invasive orthopaedic businesses in Europe." Gibaud's main product lines are braces & supports and compression therapy products. The bracing and support market in France is estimated to be valued at approximately USD 130 million. Gibaud Group is the second largest player with a market share in excess of 20%. The phlebology market is a new market segment for Ossur. The local French market is estimated to be valued at more than USD 130 million. The Gibaud Group holds more than 10% of the market and is the third largest player on the market. Gibaud's current product lines, strong market position, knowledge and experience will increase Ossur's opportunities in Europe, especially in southern Europe. Key benefits of the acquisition of the Gibaud Group: * Access to a strong brand in France dating back to 1890 * Access to a strong sales network with comprehensive and nationwide coverage * Entry into a new dynamic product segment, phlebology Gibaud Group Gibaud was established in 1890 and employs 361 people. The company operates two production facilities, one in Saint Etienne and a most recent one in Trevoux (north of Lyon) specialized in manufacturing phlebology products. Gibaud manufactures and sells orthopaedic devices which are used to manage a wide range of conditions, in private practices, hospitals and self-medication. Gibaud also manufactures specialist devices for use in compression therapy, rheumatology, traumatology or emergency treatments. Gibaud is one of the most recognized brands by orthopaedy/medical professionals in France, as well as a household brand for the general public. The majority of sales is through pharmacies and orthopaedic outlets. The Gibaud Group employs more than 65 people directly in sales. The group sells to more than 10.000 pharmacies in France. Effective as of today Mr. Philippe Laratte, former COO of the Gibaud Group will be appointed as a Managing Director of the group. "We are excited about this opportunity to work with Ossur as a strategic partner to expand our business in France and throughout Europe. This is also an excellent opportunity to leverage the Ossur products into our sales channels," stated Philippe Laratte. For the fiscal year ending 30 June 2006, the total sale of Gibaud were ¤41,7 million and the EBITDA margin 21%. One time restructuring expenses of ¤5 million are expected in 2006 plus an estimated ¤2 million in inventory step up in 2007. Sales in 2007 are expected to be in the range of ¤44 million and EBITDA without one time expenses and inventory step up around 18%. Gibaud will form part of the consolidated group accounts, even though it will not be integrated into the Ossur consolidation in the same way as previously acquired companies. It will be operated more as a stand-alone unit at least for the next 18-24 months and therefore limited synergies are expected to be realized during this period. The seller of Gibaud is a consortium of private equity funds, led by Barclays Private Equity. The consortium acquired Gibaud in 2001. Financing Banc of America Securities Limited advised Ossur on the transaction. Kaupthing Bank advised on the financing of the acquisition and provided Ossur with a bridge loan facility. An equity offering is planned to take place during the first half of 2007 to take out the bridge loan facility and to finance future acquisitions. Update on Ossur operational outlook 2006 Overall sales for the year are still expected to be above 250 million US dollars. Earnings before interest, tax, depreciation and amortization (EBITDA) for the full year is expected to be approximately 19% (excluding restructuring expenses). This is slightly below the expected EBITDA of 20% communicated after closing of the third quarter of 2006. Conference call A conference call to explain the acquisition will be held today, Friday December 22nd . During the conference call, Jon Sigurdsson, President and CEO, and Hjorleifur Palsson, CFO, will present and discuss the key aspects of the acquisition. The conference call will be held in English at 13:00 GMT, 14:00 CET and 8:00 a.m. Eastern Standard Time. The conference call can be heard on the Ossur website: www.ossur.com. Please call the following telephone numbers to participate in the conference: Telephone number for Europe: +44 (0) 20 7162 0125 Telephone number for the United States: +1 334 323 6203 Queries can also be sent to the meeting by e-mail to investormeeting@ossur.com Presentation material will be available on the Company's website www.ossur.com and the News System of the Iceland Stock Exchange www.icex.is. Ossur press releases by e-mail If you wish to receive Ossur press releases by e-mail please register at the following web-site: http://www.ossur.com/investormailings. Further information Jón Sigurdsson, CEO tel. +354-515 1300


 

Ahlstrom Corporation PRESS RELEASE 22.12.2006 at 11.15 Ahlstrom, a global leader in high performance fiber-based materials, today announced price increases on its crepe paper grades, due mainly to the continuous rise of raw materials, energy, transportation and packaging costs. The price increases will be effective as from January 1, 2007. The level of the increases will depend on the nature of the products, on existing contracts and invoicing currencies. The detailed actions will be discussed with customers through the appropriate business teams. Ahlstrom's crepe papers are used for masking tapes, wipes, medical sterilization wraps and other specialty applications such as table covers or food absorption pads. Ahlstrom's crepe papers are produced in France, Finland and Italy. For further information, please contact: Jukka Moisio, President & CEO, tel +358 10 4700, jukka.moisio@ahlstrom.com Patrick Jeambar, Senior Vice President, Technical Papers: +33 4 7645 3515, patrick.jeambar@ahlstrom.com Olivier Salaun, Vice President & General Manager, Crepe papers, +33 4 74 57 29 29, olivier.salaun@ahlstrom.com Ahlstrom Corporation Distribution: Helsinki Stock Exchange Main media www.ahlstrom.com Ahlstrom in brief Ahlstrom is a global leader in the development, manufacture and marketing of high performance fiber-based materials. Nonwovens and specialty papers, made by Ahlstrom, are used in a large variety of everyday products, e.g. in filters, wipes, flooring, labels, and tapes. The company has a strong market position in several business areas in which it operates, built upon the company's unique fiber expertise and innovative approach. Ahlstrom's 5,700 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2005, Ahlstrom's net sales amounted to EUR 1.55 billion. Ahlstrom's share is listed on the Helsinki Stock Exchange. The company website is www.ahlstrom.com.


 

US SUMMARY: Weaker Economic Data Sink Shares DJIA 12421.25 loss 42.62 dn 0.3% NASDAQ 2415.85 loss 11.76 dn 0.5% S&P 500 1418.30 loss 5.23 dn 0.4% Dow Future 12510.00 gain 9.00 up 0.1% NASDAQ Future 1789.25 gain 4.00 up 0.2% S&P Future 1430.25 gain 0.50 0.0% Euro-USD 1.3194 gain 0.0020 up 0.2% 10-Yr US Treasury: 4.56% down 0.04 (Futures values, Treasury, EUR/USD Data as of 0550 GMT) Stocks fell Thursday after economic data pointing to weakness in regional manufacturing and a slowing U.S. economy weighed on investor sentiment. Even a tumble in oil provided no help to stocks. But Treasurys rallied on the weaker data and the dollar fell. STOCKS: Losses came after the Philadelphia Federal Reserves December business index, which gauges regional manufacturing activity, registered a negative 4.3 compared with a positive reading of 5.1 in November. It was the weakest showing since 2003. The government also revised downward the third quarter estimate for gross domestic product, to growth of 2% instead of 2.2%, amid a cooling real estate market. Comments from Richmond Fed President Jeffrey M. Lacker, who has long warned of the threat of inflation to the economy, further dented sentiment Thursday. "The risk that core inflation surges again, or does not subside as desired, clearly remains the predominant macroeconomic policy risk," the policy hawk said. Upbeat profit reports from drugstore chain Rite Aid and food packager ConAgra Foods offered some support Thursday, lending hope that companies will still squeeze out growth amid a slowing economy. General Mills raised its fiscal full-year earnings forecast following a strong second quarter driven by greater sales and margin expansion. Shares of Red Hat jumped 13% in late trading after the software company said its third-quarter sales rose 45% amid higher subscriptions of its open-source software. Micron Technology stock climbed 4.3% after the company said its profits surged in light of stronger sales and prices for its memory chips. FOREX: The dollar, which is trading slightly lower in Europe, was little changed Thursday as technical barriers corralled it despite a pair of reports on growth and manufacturing that pointed to weakness in the U.S. economy. BONDS: U.S. Treasury prices ended higher Thursday, aided by the weak economic data and by worry about a terror attack plot in London over the holidays. Fridays price index for personal consumption expenditures - or PCE - will be key for the market. The core PCE index is one of the Feds favored inflation gauges and the central bank wants it closer to 2%, analysts say. OIL: Light, sweet crude for February delivery fell $1.06 cents to settle at $62.66 a barrel in New York trading on the New York Mercantile Exchange. February Brent crude at Londons ICE Futures exchange closed at $62.46, down 77 cents a barrel. Traders cited forecasts of mild weather for the U.S. Northeast and after shipments returned to normal in the Gulf Coast region. Dealers look for U.S. supplies to rise next week and cap prices. ASIAN SUMMARY: Stocks Rebound; Oil Steady USD-Yen 118.28 loss 0.04 dn 0.03% AUD-USD 0.7864 gain 0.0020 up 0.2% Nikkei 225 17082.48 gain 34.65 up 0.2% Hang Seng 19273.70 gain 50.86 up 0.3% S&P/ASX 200 5577.80 gain 16.10 up 0.3% Taiwan Index 7652.47 gain 31.53 up 0.4% S.Korea Kospi 1437.29 gain 0.82 up 0.1% Spot gold $619.15 loss 2.20 dn 0.4% Brent Crude Oil $62.42 loss 0.04 dn 0.06% JGB 10-year Yield 1.5850% down 0.0150 (All values as of 0550 GMT) STOCKS: Japanese and other regional stock markets rose Friday, largely ignoring Wall Streets losses. Australian shares ended slightly higher Friday, driven by strength in financials and retailers that outweighed weakness in the resources sector. Commodity price falls knocked BHP Billiton down 1%. FOREX: The yen was tipping higher on expectations that next weeks Japan CPI data could surprise on the upside, dealers say, and revive talk that the Bank of Japan will raise rates in January. Due Monday, the November core CPI is tipped to rise 0.2% on the year. The strong measures introduced this week by the Bank of Thailand to reduce speculative inflows have had a satisfactory effect on the baht currency, easing it off nine-year highs which were threatening the competitiveness of Thai exports, Finance Minister Pridiyathorn Devakula said Friday. BONDS: A rally in Japans government debt, underpinned by gains in Treasurys earlier, ran out of steam late in the session as dealers grew cautious ahead of next weeks data. OIL: Light, sweet crude for February delivery rose a penny to $62.67 a barrel Friday, as the market paused to reconsider losses on Thursday over estimates of supplies in the U.S. and prospects for relatively warm winter weather. METALS: Spot gold was at $619.15, holding above technical support at $618.00, with gold unlikely to move much more Friday unless the dollar does. Resistance is put at around $625. LME 3-month copper was holding at $6,330 a ton, with sellers holding back until the cash markets price outlook clears up, dealers said. EUROPEAN OUTLOOK: Stocks To Take Early Knock Euro-USD 1.3194 gain 0.0020 up 0.2% Stlg-USD 1.9634 gain 0.0020 up 0.1% USD-Franc 1.2153 loss 0.0012 dn 0.1% (All values as of 0550 GMT) European shares are set for opening falls, with government debt prices likely to make slight gains. The euro is trading higher against the dollar. STOCKS: European markets are set to follow Wall Street lower, with pre-holiday profit-taking the likeliest scenario. U.K. spreadbettor CMC Markets is calling the FTSE down 16 at 6168, the DAX down 17 at 6557 and the CAC down 14 at 5496. European markets declined Thursday, pressured by lower telecom shares after reports emerged that mobile giant Vodafone Group could be in line to buy an operator in the Indian market. FOREX: Interest in the euro is expected to pick up on the view that weaker U.S. growth will prompt the Fed from raising rates, while the ECB carries on tightening, according to dealers. Traders may push the euro to $1.3220 this session. Westpac New York eyes risks in the short term as the EUR/USD makes fresh highs, but recommends to "sell EUR/USD at 1.3500-1.3600 or early in 2007." BONDS: Prices of European government bonds, which might test a rebound at the opening on Friday, fell Thursday even with more economic data pointing to slower U.S. growth and less inflation in Germany than forecast. More German states are to release their consumer price data Friday, with the preliminary pan-German estimate expected to follow later that day. For the nation as a whole, economists forecast a 1.0% monthly rise and a 1.6% increase on the year in December, according to a Dow Jones Newswires poll. In the U.K. gilts, Holger Schmieding, economist at Bank of America, said slightly higher revised data for U.K. growth are unlikely to alter the debate at the Bank of England either way as "both hawks and doves can point to details of the report to back up their case." He continues to stick with his forecast that the Bank of England is likely to keep rates on hold at 5% next year. CALENDAR: Friday, Dec 22: France GDP; US Durables GMT Expected Previous 0700 GER Nov Foreign Trade Price Indices 0740 FRA 3Q GDP +0.0% +1.2% +1.8% +2.6% 0745 FRA Dec Product Outlook 13 12 0745 FRA 3Q Survey on Labor Activity & Employment Status (ACEMO) - revised figures 0745 FRA Dec Monthly business survey 107 107 0750 FRA Nov PPI +0.1% -0.1% +2.7% +2.4% 0750 FRA Nov Household Consumption Expenditure in +0.2% +0.9% Manufactured Goods +3.8% +4.2% 0900 EU Euro area Current Account +1.0B -0.3B 0900 EU Oct Euro area Balance of Payments 0900 ITA Nov Hourly Wages 0930 UK 3Q Productivity 1000 EU Oct Indus New Orders +0.5% -1.3% +10.4% +7.6% 1000 EU Nov Stockmarket Capitalization 1330 US Nov Durable Goods +1.2% -8.2% 1330 US Nov Personal Income +0.4% +0.4% 1330 US Nov Personal Spending +0.5% +0.2% 1500 US Dec University of Michigan Consumer 90.2 92.1 Sentiment Index, final (prelim Dec 90.2) 1900 US Bond markets close ahead of Christmas holiday N/A GER Dec CPI, prelim +1.0% -0.1% +1.6% +1.5% N/A ITA Business Confidence Survey 96.3 96.8 SCHEDULED EVENTS: Avenir Telecom (6605.FR): AGM DEMASZ (DMZ.XE): EGM Glasgow Income Trust (GLS.LN): AGM Independent News & Media (INWS.DB): Trading Update Premier Foods (PFD.LN): Trading Update Premier Pacific (PPI.LN): AGM ProSafe (PRS.OS): EGM Sirius Exploration (SXX.LN): 1H Earnings Spirent Communications (SPT.LN): EGM Big Yellow Group (BYG.LN): 1H 2006 Dividend Payment Date City of London Group (CIN.LN): 1H 2006 Dividend Payment Date Cobham (COB.LN): Special Dividend Payment Date Faes Farmaceuticos (PFRM3.BR): 2Q 2006 Dividend Payment Date Fiskars - A Shares (FISAS.HE): Special Dividend Payment Date Intelek (ITK.LN): 1H 2006 Ex-Dividend Date Investec (INVP.LN): 1H 2006 Dividend Payment Date Investec Ltd (INL.JO): 1H 2006 Dividend Payment Date ISIS Property Trust 2 (IRP.LN): 1Q 2007 Dividend Payment Date Keystone Investment Trust (KIT.LN): FY 2006 Dividend Payment Date Lowland Investment (LWI.LN): FY 2006 Dividend Payment Date Marchpole Holdings (MPH.LN): 1H 2006 Dividend Payment Date SABMiller (SAB.JO): 1H 2006 Dividend Payment Date Standard Life Equity Income (SLET.LN): FY 2006 Dividend Payment Date Tesco (TSCO.LN): 1H 2006 Dividend Payment Date Thompson Clive Investments (TCI.LN): 1H 2006 Dividend Payment Date Trace Group (TCC.LN): FY 2006 Dividend Payment Date SUBSCRIBERS: The European Morning Briefing will next be published Dec. 27. (END) Dow Jones Newswires


 

Nordic Business Report-December 22, 2006-Bergman & Beving AB acquires industrial reseller in Norway (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial tools, consumables and components supplier Bergman & Beving AB said on Thursday (21 December) that it has concluded an agreement to acquire 100% of the shares outstanding in TOOLS BO-KA Industrivarer AS in Larvik, Norway. BO-KA supplies industrial companies, craftsmen and public administration in southern Norway with tools and industrial consumables. The companys product line includes tools, hydraulics, abrasives, industrial rubber, welding equipment, electrical hand tools, personal protection equipment and work clothes, and other industrial consumables. BO-KA has net revenues of approximately NOK25m per annum with good profitability and it has eight employees, Bergman & Beving said. The acquisition price was not disclosed. After elimination of the Bergman & Beving Groups current sales to BO-KA, the groups consolidated net annual revenues are expected to increase by approximately NOK18m. Bergman & Beving, headquartered in Stockholm, Sweden, is a supplier to the Nordic construction and industrial sectors and has annual net revenues of over SEK5bn. Bergman & Beving is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Kemira Oyj sells office building and facilities in Sweden (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish chemicals group Kemira Oyj said on Thursday (21 December) that Kopperverket KB, owned by Kemira Kemi AB, has sold Kemiras office building, R&R laboratory building, villas and sports facilities in Helsingborg to a real-estate investment company in Sweden. The land was sold with a right of repurchase exercisable upon zoning. The total sale price of approximately EUR6.9m was paid in full when the deal was closed. Kemira will lease the office building for 10 years and the R&D building for 15 years. Kemira Oyj, headquartered in Helsinki, Finland, is a chemicals group that operates in 40 countries and is made up of four business areas: pulp and paper chemicals, water treatment chemicals, performance chemicals and paints. In 2005 Kemira recorded revenue of around EUR2.0bn and it has 8,000 employees. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Stolt-Nielsen SA reacquires sturgeon and caviar business (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian-controlled transportation services group Stolt-Nielsen SA said on Friday (22 December) that through its wholly-owned subsidiary, Stolt Sea Farm Investments BV (SSF), it had completed the reacquisition of 75% of the sturgeon and caviar business Sterling Caviar LLC. The seller was Marine Harvest U.S. Inc. The total purchase price was valued at USD3.8m. Sterling Caviar is based in Sacramento, California in the US and has recorded operating revenue of approximately USD6m in 2006. Stolt-Nielsen, headquartered in London in the United Kingdom, is a leading provider of tanker, terminal and other transport services, as well as a seafood producer. Stolt-Nielsen is listed on the Oslo Stock Exchange and on Nasdaq. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-Stolt-Nielsen SA subsidiary to establish joint venture in China (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian-controlled transportation services group Stolt-Nielsen SA said on Thursday (21 December) that its wholly owned subsidiary, Stolthaven Terminals BV, has signed a partnership agreement with CITIC Daxie Development Co in Ningbo, China to establish a joint venture to design, construct, own and operate a state-of-the-art chemical and oil products terminal on Daxie Island, China. Stolthaven and CITIC Daxie Development Co will each own 50% of the newly formed joint venture company, Stolthaven Ningbo Ltd. The initial phase of development is anticipated to include the construction of 23 storage tanks, with a total capacity of 204,000 cubic metres at a total estimated investment of USD44m. Stolthavens share of the initial investment is USD22m. The terminal is expected to be operational in 2008. Stolt-Nielsen, headquartered in London in the United Kingdom, is a leading provider of tanker, terminal and other transport services, as well as a seafood producer. Stolt-Nielsen is listed on the Oslo Stock Exchange and on Nasdaq. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 22, 2006-VMETRO ASA subsidiary wins contract from UK government (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian high-tech electronics components maker VMETRO ASA said on Thursday (21 December) that its United Kingdom subsidiary VMETRO Limited has signed a contract with the UK government. The contract is for a system incorporating the companys data processing and recording products. Deliveries under the order will be made during 2006 and 2007. The order was valued at approximately GBP700,000. The contract is a confirmation of VMETROs leading position within the data processing and recording market, according to the company. VMETRO ASA is listed on the Oslo Stock Exchange under the ticker VME. ((Comments on this story may be sent to tww.feedback@m2.com))


 

22 December 2006 - Aker Kvaerner Songer Canada Ltd. in joint venture with Burns and McDonnell has been awarded an Engineering, Procurement and Construction contract to construct the Halton Hills Generating Station, a 683 mega watt natural gas fueled, combined cycle facility for TransCanada Corporation. Aker Kvaerner Songer Canada's portion is valued at approximately CDN 175 million. The project site of approximately 80 acres will be occupied by the generating station and its associated facilities. The construction and commissioning of the facility will have a schedule of approximately 33 months and will employ approximately 300 local craftworkers. "This project represents a significant milestone in living our vision to be the preferred partner for projects, products and services in the energy sector. I am pleased that Aker Kvaerner Songer Canada Ltd. was selected to be a partner in this important project by TransCanada." Says Martinus Brandal, President & CEO of Aker Kværner ASA. The Halton Hills Generating Station natural gas fueled 2x1combined cycle power plant is planned to generate 683 mega watts of electricity from two gas turbine generator sets, two heat recovery steam generators and one 300 mega watt steam turbine generator. TransCanada will plan, develop, own and operate the generating station. TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure. TransCanada's network of more than 41,000 kilometres (25,600 miles) of pipeline transports the majority of Western Canada's natural gas production to key Canadian and U.S. markets. A growing independent power producer, TransCanada owns, or has interests in, approximately 7,700 megawatts of power generation in Canada and the United States. ENDS For further information, please contact: Media: Terry Alderson, Communications, Aker Kvaerner Songer. Tel: +1 724 416 6763 Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542 Investor relations: Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39 Suppliers: For further information about sourcing and potential subcontracts for this project, please contact: Pat Bailey, Manager Purchasing, Aker Kvaerner Songer. Tel: + 1 724 426 6765 Career opportunities: www.akerjobb.no AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities. The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 41.4 billion and employs approximately 24 000 people in more than 30 countries. Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 50 000 employees and NOK 80 billion revenues. Aker owns 50.01 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry. Oil, Gas, Process & Energy. The Oil, Gas, Process & Energy business area of Aker Kvaerner executes technology development, facility services and engineering and construction services for industries as diverse as Oil & Gas Onshore and Offshore Developments, Chemicals & Polymers, and Mining & Metals. We deliver a full spectrum of capital development projects and life-cycle services through a portfolio of global businesses. With an annual turnover of US $1.3 billion, The Oil, Gas, Process & Energy (OGPE) business area of Aker Kvaerner employs more than 5,975 people operating worldwide. Aker Kvaerner Songer Canada is the union construction arm of Aker Kvaerner, which provides a full range of construction, maintenance and renovation services to the Canadian industrial sector. Its services are characterised by the highest standards of safety, quality, teamwork, innovation and cooperation, thus enabling us to respond to the needs of our customers and deliver on-time and in-budget performance. Direct hire union construction, maintenance and renovation services are provided to the power, steel, chemical, petro-chemical, and other industrial sectors in Canada. In addition, Aker Kvaerner Songer Canada provides construction management and project planning services to the above sectors on an international basis. This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com


 

SEB Shanghai has broadened its range of foreign exchange services after receiving approval from the China Banking Regulatory Commission (CBRC) to conduct derivative business in foreign currencies. Carl Christensson, general manager at SEB in Shanghai says, "It is very satisfying to be the first Nordic bank to receive the derivative license which allows us to offer our clients even more solutions to effectively manage their risks in China. The next step is to get approval for RMB forwards from the State Administration of Foreign Exchange (SAFE)". Eddie Amin, head of Trading & Capital Markets, at SEB in Shanghai added "The derivative license will allow our clients in China to hedge their foreign exchange exposures in forwards and swaps directly with our team of dealers in our Shanghai branch trading room. It will also set the platform for the introduction of further financial products". For almost 25 years, SEB's Beijing office has been helping clients in China. With the establishment of the Shanghai branch last year offering both onshore and offshore financial services, SEB now fills the gap in the Chinese banking world that many businesses from SEB's domestic markets have previously encountered. SEB in Shanghai today services a growing number of Nordic and German companies located in China, both large and small. With a positive economic outlook in China, SEB will continue to build on its Nordic and international expertise strengthening its presence while continuing to expand the range of banking services in China. Since the Bank opened in 1856, generations of customers and employees have made SEB what it is today. This year the Group is celebrating 150 years of looking forward. The SEB Group is a North European financial group for 400,000 corporate customers and institutions, and 5 million private customers. SEB has local presence in the Nordic and Baltic countries, Germany, Poland, the Ukraine and Russia and has a global presence through its international network in another 10 countries. On 30 June 2006, the Group's total assets amounted to SEK 1,986bn while its assets under management totalled SEK 1,086bn. The Group has about 20,000 employees. Read more about SEB at www.sebgroup.com. ____________________________________________________________________________________________ For further information, please contact: Carl Christensson, General Manager, SEB in Shanghai, tel: + 86-21-5396-6681. Elisabeth Lennhede, Communications Manager, SEB Merchant Banking in Stockholm, tel: +46 707 63 99 16.


 

Oriola-KD Corporation Stock Exchange Announcement 22 December 2006 at 10.00 a.m. In accordance with Section 3 of the Bylaws of Oriola-KD Corporation, 100,000 A-shares have been converted into 100,000 B-shares. The conversion has been entered into the Trade Register on 22 December 2006. After the conversion there are 56,294,640 A-shares and 84,963,188 B-shares in the company. Oriola-KD Corporation Henry Haarla General Counsel Kimmo Virtanen Chief Finance Officer Distribution Helsinki Stock Exchange Principal media Published by: Oriola-KD Corporation Corporate Communications Orionintie 5 FI-02200 Espoo www.oriola-kd.com


 

Espoo, Finland - Two years on from the Asian Tsunami that devastated many communities, Nokia has announced the launch of several new projects to help young people in India, Sri Lanka and Indonesia with training and new skills. The initiative is designed to help young people find jobs or set up small businesses, building long-term livelihoods for themselves and their families. Nokia provided immediate disaster relief aid and funding to the region affected by the Tsunami in December 2004. It also pledged EUR 2.5 million for longer-term recovery to help young people rebuild their lives through access to training and apprenticeships. "With the Asian tsunami relief effort having moved from immediate humanitarian assistance to long-term reconstruction and recovery, Nokia is pleased to play a key role in rebuilding the communities affected by the disaster", said Martin Sandelin, Vice President, Corporate Social Responsibility and Community Involvement, Nokia. "Through these initiatives, Nokia continues to promote long-term sustainability and livelihood in areas that remain deeply affected nearly two years after the disaster." Working together with the International Youth Foundation and the Grameen Foundation, the Nokia projects will help thousands of young people and their communities. Projects have been specially developed to meet the needs of each country. Activities planned for 2007 include: India - young people will be offered training in business enterprise and life development skills, through courses focusing on community mobilization, problem solving and negotiation skills. The training will also encourage them to take an active role in their communities and the decision-making process within their villages. Sri Lanka - training will be provided in order to provide immediate employment opportunities for those affected. Besides management and business skills such as tourism management, accounting and sales, vocational programs such as sewing, weaving and carpentry will also be provided for longer-term livelihood sustainability. Indonesia - young people with limited education who have been affected by the Tsunami will be able to sign up for training courses and apprenticeships where they will learn more about how to work and build careers within small business and financial management. Thailand - Nokia will continue with its program of training schemes and support for young people in this country begun in 2005. Courses are available in a range of areas including, boat construction, boat motor and motorcycle repair, and apprenticeship courses in various aspects of the hotel industry. "Young people were disproportionately affected by the tsunami which resulted in the deaths of many parents and family members, interrupted educations, and lost livelihoods," said Bill Reese, IYF President and CEO. "As follow up to relief operations, there remains an urgent need for comprehensive programs that help young people regain confidence, acquire skills, and access either jobs or the loan funds needed to launch their own small businesses. We are pleased to be working with Nokia to address this critical need." Recognizing the different needs of the communities affected, training programs funded by Nokia have also been implemented for community leaders in all these countries, enabling them to work together to assess and address the needs of their community in preparation for future disasters and plan for their own ongoing economic development. As some of the programs have a microfinance component the Grameen Foundation is advising on how to provide microloans to budding entrepreneurs across the affected regions, enabling long-term redevelopment of their small businesses. In addition to microloans, the microfinance institutions will include an array of financial services, including savings and loans to provide sustainability for these small businesses. "As these communities continue to rebuild, it is critical to nurture sustainable economic activities that will have long-term benefits," said Alex Counts, President and CEO of Grameen Foundation. "We believe microfinance is already playing a critical role in promoting these activities and are pleased to work with Nokia in this effort to extend financial services to additional families in these communities." A Grameen Foundation fact-finding team visited the region just weeks after the disaster and has been working with several microfinance institutions in Indonesia and India since 2005. Together with local governments, NGOs and international aid agencies, the most appropriate and effective implementation is decided for each area affected by the tsunami. The total value of Nokia's overall money and in-kind contribution to immediate disaster relief and long term reconstruction is estimated to be in excess of EUR 3 million. About the International Youth Foundation IYF believes young people possess the power to shape the future. To learn, work, thrive and lead, they need access to programs and resources that inspire and challenge them. IYF is a global non-profit organization that makes this possible. Today in 70 countries, IYF collaborates with businesses, governments and civil society organizations that share a common desire to improve the life conditions and prospects of young people. Together, IYF and its partners build effective, sustainable and scalable programs that positively impact the lives of young people worldwide. About Grameen Foundation Grameen Foundation is a global non-profit organization that combines microfinance, technology, and innovation to empower the world's poorest people to escape poverty. It has established a global network of 52 partners in 22 countries that has impacted an estimated 11 million lives in Asia, Africa, the Americas, and the Middle East. Grameen Foundation was founded by Alex Counts, who began his work in microfinance with Grameen Bank founder, and recent Nobel Peace Prize recipient, Dr. Muhammad Yunus. Dr. Yunus is a founding and current member of Grameen Foundation's board of directors. For more information on Grameen Foundation, please visit www.grameenfoundation.org. About Nokia - Community involvement Nokia is committed to having a positive impact on society that extends beyond the advanced technology, products and services it creates. It has invested in community projects supporting young people and education in 30 countries, benefiting more than 1 million young people. The company has an active employee volunteering program which last year saw its employees give more than 18,000 hours to local community projects. Nokia is also supporting innovative technology projects designed to bridge the digital divide and bring the benefits of mobile technology tocommunities around the world. Media Enquiries: Nokia APAC Communications Dinesh Subramaniam/ Teresa Chang Tel: +65 6723 2014/ +65 6723 1571 Email: communications.apac@nokia.com Nokia Communications Tel. +358 7180 34900 Email: press.office@nokia.com www.nokia-asia.com www.nokia.com


 

Photocure and Galderma have agreed not to continue the current negotiations of a licence agreement for a new acne product for moderate to severe acne due to difference of opinion regarding the positioning of the product. Both parties will now focus on expanding the excellent relationship in making Metvix® a global brand for treatment of precancerous lesions and skin cancer. Photocure will continue the development program of a treatment for moderate to severe acne independently, where we believe the product is best positioned. The market for treatment of moderate to severe acne is USD 1.4 billion/year. Photocure plan to start the next phase II study of photodynamic therapy (PDT) for treatment of moderate to severe acne in the first quarter 2007. The study includes over 200 patients at 10 leading clinical sites in the US. The study is blinded and includes two arms with different dosages in addition to a placebo arm. The study protocol has been discussed with the US regulatory agency (FDA) and fulfills their requirements for a confirmatory phase II study. Photocure is developing a new lamp as in order to meet the requirements for a full face illumination. The new lamp is scheduled to be ready before the first phase III clinical study starts in 2008. Kjetil Hestdal, President & CEO of Photocure, says: "We have a solid technology protection, a highly competent development team and the financial resources necessary to develop an acne product. Our track record is two new products developed in 8 years, and we look forward to building on this success." Acne is a common skin problem that has been reported to effect up to 85% of all adolescents. Of those who seek medical advice, about 50% have moderate and 20% have severe acne. Current therapies for these patients include oral antibiotics and isotretinoin, both products that may have significant adverse effects. There is thus a clear medical need for a safe and efficacious topical treatment for acne patients. Photocure ASA is a Norwegian pharmaceutical company listed on the Oslo Stock Exchange. The company develops and sells pharmaceuticals and medical devices based on proprietary photodynamic technologies, targeting key dermatology and oncology markets. Photocure has two products with sales and marketing approvals: Metvix®, which is a product developed for the treatment of skin cancer (basal cell carcinoma) and pre-cancerous skin lesions (actinic keratosis), and Hexvix®, which is developed for the detection of bladder cancer. Both products are based on the same photodynamic technology, combining the drug known as a photosensitiser with a light source that activates the photosensitiser. Photocure is currently testing both products for new indications and aims to develop a pipeline of follow-on products and technologies. For further information, contact: Photocure ASA Hoffsveien 48, NO-0377 Oslo, Norway - www.photocure.com Telephone: +47 22 06 22 10 Kjetil Hestdal (kh@photocure.no) - Mobile: +47 913 19 535 Christian Fekete (cf@photocure.no) - Mobile: +47 916 42 938


 

Espoo, Finland - Nokia has won a major GSM/GPRS/EDGE network expansion contract from leading Russian operator MegaFon that will see it deliver both radio and core equipment as well as a range of services, helping MegaFon deliver advanced mobile solutions to its fast-growing subscriber base. The value of the agreement is over EUR 320 million, and equipment deliveries have already begun. "The Russian mobile communications market is no longer driven by price competition but instead network quality. Mobile leadership will be taken by those who now take measures to create a solid foundation for maintaining high quality of services. Our cooperation with Nokia means that MegaFon prepares for the future and takes the required steps towards network development," said Sergey Soldatenkov, CEO, OAO MegaFon. "The Russian market is extremely important for Nokia and we are pleased to extend our strategic cooperation with MegaFon, one of the leading players in this rapidly growing mobile arena," said Jonathan Sparrow, General Director, Networks, Nokia, Russia. "A further demonstration of our commitment to the Russian market is the increased service support capabilities in the regions where we work with MegaFon." Nokia will supply radio and core network equipment including its mobile softswitching and IP Multimedia Subsystem solution (IMS) for fixed and mobile. The frame agreement also includes Nokia's multivendor, multi-technology NetAct(TM) solution, which provides operational efficiencies and OPEX savings for MegaFon's network. The very same platform also provides support for future technologies like WCDMA 3G. Nokia is also supplying a range of services including project management, installation and relocation services for the fast ramp-up of the network, care services, and software maintenance and training services to keep the network running at peak performance. The contract, an extension of an existing agreement signed by the companies in 2003 and valid for supplies in 2006 - 2007, covers North-Western and Central Russia as well as Northern Caucasus. About MegaFon OAO "MegaFon" is the first all-Russian mobile operator in GSM 900/1800 standard. The company was founded in May 2002 as a result of renaming and reorganization of Open Joint Stock Company "North-West GSM" and integration under one brand with ZAO "Sonic Duo" (Moscow), ZAO "Mobicom-Kavkaz", ZAO "Mobicom-Centre", ZAO "Mobicom-Novosibirsk", ZAO "Mobicom-Khabarovsk", ZAO "Mobicom-Kirov", OAO "MSS-Povolzhie", ZAO "Volzhsky GSM" and ZAO "Uralsky GSM". Major stockholhers of OAO MegaFon are OAO "Telecominvest", OOO "CT-Mobile", Sonera (Finland) and Telia (Sweden). OAO MegaFon license area covers 100% of Russia's territory - all 89 RF subject with the population of 145 mln. Currently the number of the Company's subscribers exceeds 23 mln. About Nokia Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations. Media Enquiries: Victoria Eremina Communications Manager Nokia CIS 14, Stoleshnikov Lane, Moscow Tel: (095) 795 05 00 Fax: (095) 795 05 09 Email: Victoria.Eremina@nokia.com Nokia Communications Tel. +358 7180 34900 Email: press.office@nokia.com www.nokia.ru www.nokia.com


 

Vinghøg AS has received a new order from the Kongsberg Group to supply modules for Kongsberg's Protector Remote Weapon Station. The contract value is approximately NOK 10 million and Vinghør will deliver the equipment in March 2007. Vinghøg AS was recently acquired by Simrad Optronics. For further information contact: Tore Amundsen, CEO; Simrad Optronics ASA Telephone +47 900 51 222. E-mail: ta@simrad-optronics.no Jon Asbjørn Bø, CFO; Vinghøg AS +47 930 86 932. E-mail: jonas@vinghog.com www.simrad-optronics.no www.vinghog.no


 

Oslo, Norway, 22 December 2006 - TANDBERG Television (TAT.OL), today announced that it has received an order, valued in excess of MUSD 8, from a leading North American satellite broadcaster for its market-leading, second generation MPEG-4 AVC HD EN8090 video compression system. The contract is a continuation of that direct-to-home provider's deployment of HD content to local markets. The revenue is expected to be recognised in the fourth quarter of 2006 and the first quarter of 2007. -ends- Questions may be addressed to Fraser Park, Chief Financial Officer. Tel: +44(0) 23 8048 4140. Email: fpark@tandbergtv.com


 

Elcoteq SE is revising its net sales and profit forecasts for the final quarter of the year downwards. The company currently forecasts that its fourth-quarter net sales will be slightly lower than in the third quarter and its operating income roughly one-half of the third quarter's level. The company has earlier forecast that its fourth-quarter net sales and operating income would be at the same level as in the third quarter. The main reasons for revising the forecast are lower than expected production volumes and intensified competition especially in Europe in both Terminal Products and Communications Networks. Elcoteq is accelerating measures consistent with its strategy to improve its competitiveness and profitability, aiming to achieve annual savings of 20 million euros. The proposal for the transfer of domicile, announced today by the Board of Directors, forms part of this program to enhance competitiveness. Financial statements bulletin and forecast for 2007 Elcoteq publishes its financial statements for 2006 on February 7, 2007. At the same time the company will also describe its action program and give its forecast for the first quarter and the full year 2007. ELCOTEQ SE Jouni Hartikainen President and CEO Further information: Jouni Hartikainen, President and CEO, tel. +358 10 41 311 Teo Ottola, CFO, tel. +358 10 413 1240 Reeta Kaukiainen, Director, Communications and IR, tel. +358 10 413 1742 About Elcoteq: Elcoteq SE is a leading electronics manufacturing services (EMS) company with original design manufacturing (ODM) capabilities in the communications technology field. Elcoteq provides global end-to-end solutions consisting of design, NPI, manufacturing, supply chain management, and after-sales services for the whole lifecycle of its customers' products. These products include terminal products such as mobile phones and set-top boxes as well as communications network equipment such as base-stations, tower-top amplifiers, and microwave systems. The company operates in 16 countries on four continents and employs some 25,000 people. Elcoteq's consolidated net sales for 2005 totaled 4.2 billion euros. Elcoteq SE is listed on the Helsinki Stock Exchange. For more information visit the Elcoteq website at www.elcoteq.com.


 

Elcoteq SE's Board of Directors will propose to the company's Annual General Meeting on March 22, 2007 that Elcoteq's domicile and head office be transferred to Luxembourg. However, there is no plan to move Elcoteq's operations in Finland to Luxembourg in conjunction with the transfer of domicile. The transfer of domicile will not affect trading in the company's series A shares, which will continue to be traded as before on the Helsinki Stock Exchange. The purpose underlying the transfer of domicile is to implement Elcoteq's globalization strategy and to create an effective structural basis to ensure the continuous improvement of the company's competitiveness. The Board of Directors has, as of December 21, 2006, prepared a Transfer Proposal, a Report and proposed new Articles of Association, which will be registered and published in the manner required by Finnish law. The decision concerning the transfer of domicile will be made by the Annual General Meeting, which will convene on March 22, 2007. Should the AGM carry the Board's proposal on the transfer of domicile, the transfer could take place on January 1, 2008. This release sets out the grounds for transferring the company's domicile and the most important impacts of the transfer on the Group and its shareholders, the company's creditors and employees. The implications of the transfer are described in more detail in the Report drawn up by the Board of Directors. In order to form the fullest possible picture of the significance and impacts of the transfer of domicile, Elcoteq's shareholders, creditors and employees are advised to examine in detail the Report by the Board of Directors and the company's new Articles of Association. The Report, the Transfer Plan and the company's new Articles of Association can be viewed on the company's website www.elcoteq.com. They are also on display at the Group's office in Espoo, Finland (Sinimäentie 8B, 02630 Espoo, Finland) and at the company's Lohja plant (Gunnarlankatu 5, 08100 Lohja, Finland). Grounds for transfer of domicile The purpose underlying the transfer of domicile is to implement Elcoteq's globalization strategy and to create an effective structural basis to ensure the continuous improvement of the company's competitiveness. The company has continually aimed to be close to its customers and to locate its management where its main operations are. Key operative decision-making in the company has already earlier moved from Finland to the various geographical areas and the company's international office in Zug, Switzerland. Transferring the domicile to Luxembourg is a natural sequel to these steps and it will strengthen the company's European image. Luxembourg offers the company a central location and an effective legal and administrative environment. Following the transfer of domicile, strategic decisions will be taken at the company's head office in Luxembourg, which will be the principal location for meetings of the company's Board of Directors. Impacts of transfer on the company The transfer of domicile will as such have no impact on Elcoteq's financial performance or tax rate. Nor will it give rise to significant costs for the company. The direct costs arising from the transfer are costs associated with changing the technical data contained in the book-entry and share trading systems, and the costs resulting from changes in the book-entry system required by changes to the rights carried by the K shares. After the transfer Elcoteq will be subject to Luxembourg law. Owing to differences between Luxembourg and Finnish legislation Elcoteq has included in its new articles of association those provisions or principles contained in the Finnish Companies Act which are not recognized by Luxembourg law, legal practice or the articles of association of Luxembourg-registered companies, and which do not conflict with the compelling provisions of Luxembourg law. The company's aim is to ensure that the transfer of domicile results in the fewest possible changes for shareholders. Elcoteq will continue to comply with the Finnish Securities Markets Act and other securities markets regulations unless it becomes necessary, owing to Finnish or Luxembourg legislation, to apply Luxembourg law. Share series and trading Elcoteq has two share series. Its A shares are listed on the Helsinki Stock Exchange and its unlisted K shares are in the possession of the company's principal founders. Trading in the company's A shares will continue on the Helsinki Stock Exchange after the transfer, and the company's shares will remain registered in the book-entry system maintained by the Finnish Central Securities Depository. Nor will the ISIN code of the shares change. The right to vote carried by the A shares and their par value will remain unchanged after the transfer. Trading in the shares and their safekeeping will continue to be governed by Finnish law, and in particular the Securities Markets Act (26.5.1989/495), as well as the regulations and provisions of the Helsinki Stock Exchange and the Finnish Central Securities Depository. Proposal to change rights carried by the K shares The relative economic rights and voting power of the A and K shares will remain unchanged after the transfer of domicile. Under Luxembourg law all shares in a company are required to carry the same voting right (one vote per share) and the same par value with the exception of so-called Founder Shares, which Elcoteq's K shares are classified as. In order to ensure that the relative administrative and economic rights of the two share series stay unchanged, a proposal will be put before the general meeting deciding on the transfer to amend the rights conferred by the K shares to the effect that the existing K shares are converted into Founder Shares and their number increased ten-fold while at the same time reducing their par value to one-tenth of the par value of the A shares. Each K share would carry one vote. It will also be proposed to the meeting that a provision be included in the articles of association according to which the economic rights conferred by the Elcoteq shares will be determined in proportion to the par value of the shares and that the Founder Shares may be converted into A shares in the ratio 10:1. Implications for shareholders Should Elcoteq's AGM approve the Transfer Plan, the transfer of domicile does not require any action on the part of the shareholders. As a result of the transfer, a shareholder's shares will automatically become the shares of a Luxembourg company subject to the laws of Luxembourg. The transfer is not expected to cause additional costs for shareholders. Where the taxation of Finnish shareholders is concerned, the transfer of Elcoteq's domicile to Luxembourg is not regarded as a disposal of shares, the capital gain on which would be taxed in Finland. Taxation of capital gains After the transfer of domicile capital gains on the sale of shares received by persons generally subject to taxation in Finland will be taxed only in Finland unless the shares relate to the permanent business location in Luxembourg of a Finnish company eligible to receive a dividend. The taxation of shareholders other than Finnish taxpayers will be determined by the legislation and tax treaty applying to the shareholder in question. Dividends and their taxation After the transfer of domicile, Elcoteq's shares will be classified as foreign securities. For this reason dividends paid by the company and any other capital payments will be regarded as income received from abroad. After the transfer of domicile, 70% of the dividend paid to a natural person generally subject to taxation in Finland will be a capital gain and 30% tax-free income, as is the situation today. In addition, a 15% withholding tax will be levied in Luxembourg on dividends distributed by Elcoteq; a tax credit to the same amount can be claimed in Finland. Following a full tax credit, the total amount of tax payable on the dividend will be the same as at present. As a rule, in Finnish taxation 75% of dividends paid by Elcoteq to a Finnish entity will be taxable income and 25% tax-free income, as is the case today. In addition, a 15% withholding tax will be levied in Luxembourg on dividends distributed by Elcoteq; a tax credit to the same amount can be claimed in Finland. No tax treaty benefit will be granted automatically to nominee-registered shareholders in Luxembourg on payment of dividend; instead, the higher withholding tax under Luxembourg's legislation will be levied on the dividend. Further information on the taxation of dividends is given in sections 3.2.15-3.2.17 of the Report. General meetings Luxembourg law requires that after the transfer of domicile general meetings of Elcoteq shareholders will be held in Luxembourg. Shareholders in Finland will have the opportunity to attend general meetings via a video or other corresponding link arranged by the company. Elcoteq's corporate language after the transfer will be English. General meetings will be interpreted into Finnish as required. Right of a shareholder to demand redemption Under the Finnish Companies Act an Elcoteq shareholder who at a general meeting reserves the right to demand the redemption of his shares and votes against the transfer of domicile at the meeting deciding on the transfer can require Elcoteq to redeem his shares at their market price. Only such shares may be redeemed that are registered in the company's shareholder register ten days before the meeting. Holders of option rights and other specific rights entitling to shares can demand the redemption of their rights at the general meeting deciding on the transfer or by verifiably presenting their demand concerning this to Elcoteq before the general meeting. The process applying to the redemption of shares, option rights and other specific rights entitling to shares is described in detail in the Report. Implications for creditors and right of creditors to oppose transfer If Elcoteq and a creditor have agreed on the applicable laws and place of jurisdiction, the transfer of domicile will not affect such agreements or therefore the position of the creditor. The National Board of Patents and Registration in Finland will make an announcement to Elcoteq's creditors that will be registered in the Trade Register and published in the official gazette. Furthermore, the company will itself notify all its known creditors about the transfer of domicile. The register authority must register the transfer of domicile if a creditor has not opposed the transfer or if a creditor has received payment of his receivables, or collateral covering them, under a court order. Implications for employees The transfer of domicile will not require the relocation of employees or affect the terms of their employment contracts. Nor will the transfer affect the social security or taxation of the employees in Finland. There is no plan to move Elcoteq's operations in Finland to Luxembourg in conjunction with the transfer of domicile, nor will the transfer affect the company's manufacturing activities. Employee involvement in Elcoteq is organized through both national systems and at the European level. Employees in all business locations in EEA countries are represented by an elected or appointed body. The transfer of domicile does not affect employee representation. The Report, the Transfer Plan and the company's new Articles of Association can be viewed on the company's website www.elcoteq.com. They are also on display at the Group's office in Espoo, Finland (Sinimäentie 8B, 02630 Espoo, Finland) and at the company's Lohja plant (Gunnarlankatu 5, 08100 Lohja, Finland). ELCOTEQ SE Board of Directors Further information: Jouni Hartikainen, President and CEO, tel. +358 10 413 11 Minna Aila, Project Director, +358 10 413 1908 About Elcoteq Elcoteq SE is a leading electronics manufacturing services (EMS) company with original design manufacturing (ODM) capabilities in the communications technology field. Elcoteq provides global end-to-end solutions consisting of design, NPI, manufacturing, supply chain management, and after-sales services for the whole lifecycle of its customers' products. These products include terminal products such as mobile phones and set-top boxes as well as communications network equipment such as base-stations, tower-top amplifiers, and microwave systems. The company operates in 16 countries on four continents and employs some 25,000 people. Elcoteq's consolidated net sales for 2005 totaled 4.2 billion euros. Elcoteq SE is listed on the Helsinki Stock Exchange. For more information visit the Elcoteq website at www.elcoteq.com.


 

Icelands central banks decision to raise its policy interest rate by 25 basis points to 14.25% was in line with forecasts, but is nevertheless considered unwise as there are indications the economy is beginning to contract, says Kaupthing Bank.


 

(IFN) Icelandic pharmaceutical firm Actavis Group hf. has bought back a total of 93 million shares, or 2.8% of the groups A class issued share capital, Actavis said on Thursday.The ISK6.13 billion share buy back was completed at a price of ISK65.9 per share. Actavis total holdings in treasure shares is 169.8 million, which accounts for 5.04% of the groups issued A class shares.The company said that its decision to invest in treasury shares is to allow the company to have sufficient ownership of treasury shares to use as a potential consideration for future acquisitions, which are under constant review by Actavis management. Source:  Dow Jones Newswires


 

President and CEO, Mr. Steve Mason, is pleased to announce that Artumas Group Inc. has retained Mr. Cameron Barton as its new Chief Financial Officer (CFO) effective February 1, 2007 and on a transitional basis, effective January 1, 2007. Mr. Barton replaces Mr. Martin Eden who leaves Artumas to pursue a new opportunity, having loyally served the Company since 2005. Mr. Cameron Barton has over 22 years of finance and accounting experience within the energy industry, and has held senior financial executive positions for multinational corporations in Canada and New Zealand. Mr. Barton brings senior experience in both Corporate Strategy and Capital Markets. From August 2004 to present, Mr. Barton served as Vice President and General Manager and as Vice President of Finance, for Direct Energy Marketing Limited (owned by Centrica plc in the UK), a company with revenues in excess of $2 billion Cdn. From April 2002 to August 2004, Mr. Barton worked with Alberta's largest transmission owner, AltaLink L.P., in the positions of Vice President and Director of Business Development. Previously, Mr. Barton enjoyed an 18 year tenure with TransAlta Corporation, Canada's largest independent electricity generator. At TransAlta, Mr. Barton served as Director of Financial Operations for their Transmission, Distribution and Retail business and was instrumental in raising capital both in Canada and abroad for the Company. Mr. Barton's experience and understanding of the energy business has been recognized by governments in Canada and New Zealand who have sought his advice in policy decisions throughout his career. In accepting the CFO position, Mr. Barton commented on the future prospects of Artumas: "I am pleased to see the investment ambitions of the company being delivered, through the efforts of so many, to the people of Tanzania. As our first power facility begins commercial production, it will be both a challenge and a pleasure to continue delivering the considerable investment opportunity available to this region and to our investors." President and CEO, Steve Mason expresses his deepest appreciation, on behalf of all at Artumas Group, to Mr. Martin Eden for his dedicated commitment and significant contributions to the growth and success of the Company. ------------------------------------------------------------------------------ Artumas Group Inc. is an international energy producer focused on monetizing its hydrocarbon reserves in the Rovuma Delta Basin in Tanzania and Mozambique. By exploring, developing, producing and commercializing known petroleum systems, Artumas is poised to deliver a sustainable rate of return for its stakeholders while creating social and economic opportunities for the people of Eastern Africa. Artumas' common shares trade on the Oslo Stock Exchange under the symbol AGI.


 

Nordic Business Report-December 21, 2006-Cargotec Corporation wins order for 84 ship cranes in China (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish cargo-handling solutions provider Cargotec Corporation said on Thursday (21 December) that its MacGREGOR business area has received orders for 84 ship cranes from China. The cranes will be delivered between 2007 and 2009 for container ships and multi-purpose vessels that will be built in different shipyards. The value of the orders is some EUR25m. A total of 30 of the cranes will be delivered to Guangzhou Wenchong shipyard for 15 container ships ordered by different shipowners. The value of this order is approximately EUR10m of the overall value. Cargotec Corporation provides cargo handling solutions, which are used in local transportation, terminals, ports, distribution centres and ships. In 2005 Cargotecs net sales exceeded EUR2.3bn and the company employs some 8,000 people in more than 160 countries. Cargotec is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Poyry Plc wins contracts for mass rapid transit systems in Latin America (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish consulting and engineering group Poyry Plc said on Thursday (21 December) that its Infrastructure & Environment business group has been awarded several contracts and contract extensions for mass rapid transit systems in Latin America. Empresa de Desarrollo Urbano de Quito, INNOVAR-UIO, Ecuador has commissioned Poyry to prepare a feasibility study for a new urban rapid mass transit system. The Federal Secretary for Transport and Communication of Mexico has awarded Poyry and its Mexican partner Sintra a consulting contract in connection with the Buenavista-Cuautitlan suburban railway. Empresa de Transporte de Pasajeros S.A., Metro Santiago de Chile has assigned Poyry to participate in the tendering and bid evaluation of rolling stock procurement for extension of existing lines. In Venezuela the consultancy engineering services contract with Metro de Maracaibo C.A. has been extended. The services will be carried out during 2007. The total value of the assignments is EUR3.4m. Poyry, headquartered in Vantaa, Finland, provides consulting and engineering services to the energy, forest industry and infrastructure & environment sectors. It has 6,000 employees and annual net sales of EUR600m. Poyry is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Stora Enso Oyj faces fine of EUR30m (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish forest products company Stora Enso Oyj said on Thursday (21 December) that the Finnish Competition Authority has proposed to the Finnish Market Court that a fine of EUR30m be imposed on Stora Enso. The fine is proposed for alleged violation of competition laws in the purchasing of timber in Finland in the period from 1997 to 2004. Stora Enso considers the proposal groundless. Stora Enso, headquartered in Helsinki, Finland, has some 46,000 employees in more than 40 countries, and reported sales of EUR13.2bn in 2005. Stora Enso is listed on the Nordic Exchange in Helsinki and Stockholm, and on the NYSE. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Stora Enso Oyj subsidiary invests in the US (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish forest products company Stora Enso Oyj said on Thursday (21 December) that its subsidiary Corenso will rebuild and restart paper machine (PM) 12 for coreboard production at Wisconsin Rapids Mill in response to customer needs. The capital expenditure of approximately EUR27m is designed to enhance asset and product quality, and improve the cost competitiveness of Corensos North American operations. The investment also includes an upgrade of Corensos recycled fibre facility. As a result of this investment board machine (BM) 13, which currently produces coreboard, will be shut down, as it has limited prospects for continued productivity. The rebuild will start in May 2007, and is expected to be completed during the first quarter of 2008. Stora Enso, headquartered in Helsinki, Finland, has some 46,000 employees in more than 40 countries, and reported sales of EUR13.2bn in 2005. Stora Enso is listed on the Nordic Exchange in Helsinki and Stockholm, and on the NYSE. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Hamilton, Bermuda, December 21, 2006. Nordic American Tanker Shipping Limited (the "Company") today announced that it expects to issue its fourth quarter earnings and dividend release on February 14, 2007, before the opening of trading. The record date for the fourth quarter dividend is expected to be February 22, 2007, and the payment date is expected to be March 1, 2007. Contacts: Scandic American Shipping Ltd Manager for: Nordic American Tanker Shipping Ltd. P.O Box 56, 3201 Sandefjord, Norway Tel: + 47 33 42 73 00 E-mail: nat@scandicamerican.com Web-site: www.nat.bm Rolf Amundsen, Investor Relations Nordic American Tanker Shipping Ltd. Tel: +1 800 601 9079 or + 47 908 26 906 Herbjørn Hansson, Chairman & CEO Nordic American Tanker Shipping Ltd. Tel: +1 866 805 9504 or + 47 901 46 291 Gary Wolfe Seward & Kissel LLP, New York, USA Tel: +1 212 574 1223


 

Wärtsilä Corporation Press release 21 December 2006 Wärtsilä will invest R$ 3.5 million (EUR 1.2 million) in its Services workshop in Manaus, Brazil. The investment covers the construction of a new workshop and the purchase of new equipment to meet regional demand. "We want to expand our offering in the northern part of the country and to do this we are investing in machinery, equipment and human resources. In Manaus and the Amazon the roads of the region are its rivers, through which approximately 30,000 small, medium and large ships sail every year. We provide service for many of these vessels," says Marcos Macedo, Wärtsilä Services Manager in Manaus. "We also carry out service on almost 600 MW of Wärtsilä power plants in the region as well as providing industrial maintenance for companies in the Industrial District. As our client base grows, we want to be even closer to our customers, offering faster and more qualified services," Macedo says. The expansion will triple the existing facilities, giving a total of 3,500 square metres for the existing and new services. "We will further expand our automation and instrumentation services" says Tomas Hakala, President of Wärtsilä in Brazil. "During 2006 we also received full Operations & Maintenance contracts for three power plants in Manaus. Our new workshop will be centrally responsible for all the operational functions, as well as component maintenance and the administration of the power plants," he continues. The existing workshop already provides tooling, repairs and maintenance for propulsion and automation and electrical equipment for vessels, platforms and power plants. Wärtsilä in Brazil also provides on-site maintenance services, thanks to the use of portable equipment and a mobile technical team. Wärtsilä in Manaus has approximately 100 employees, including the operators of three power plants, and 35 specialized professionals, engineers, technicians and employees working in the existing Services workshop. In addition to the physical expansion of the Services workshop, Wärtsilä also plans to recruit more technical personnel for different positions in the next few months to meet the increase in business volume. Wärtsilä has an installed base of over 100 ships and vessels in Brazil in oil tankers, tugboats and pushers, and also platforms and naval installations. Wärtsilä also has more than 850 MW power plants installed or on order in Brazil. Wärtsilä in brief: Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 13,000 professionals manning 130 Wärtsilä locations in close to 70 countries around the world. www.wartsila.com For further information, please contact: Maria Nystrand Bruna Capucci Public Relations Manager, Power Plants SPS Communications in Brazil Wärtsilä Corporation Direct tel: +358 10 709 1456 +55 21 2111 2657 Direct fax: +358 10 709 1425 e-mail: maria.nystrand@wartsila.com bruna.capucci@spsbr.com.br Internet: www.wartsila.com Marit Holmlund-Sund Public Relations Manager, Ship Power Wärtsilä Corporation Direct tel: +358 10 709 1439 Direct fax: +358 10 709 1425 e-mail: marit.holmlund-sund@wartsila.com Internet: www.wartsila.com


 

London, England - December 21, 2006 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Børs: SNI) announced today that its wholly owned subsidiary, Stolthaven Terminals BV (Stolthaven), signed a partnership agreement with CITIC Daxie Development Co. in Ningbo, China to establish a joint venture to design, construct, own and operate a state-of-the-art chemical and oil products terminal on Daxie Island, China. Stolthaven and CITIC Daxie Development Co. will each own 50% of the newly formed joint venture company, Stolthaven Ningbo, Ltd. The initial phase of development is anticipated to include the construction of 23 storage tanks, with a total capacity of 204,000 cubic meters at a total estimated investment of $44 million. Stolthaven's share of the initial investment is $22 million. The terminal is expected to be operational in 2008. "Ningbo serves the East China region, including the cities of Shanghai, Jiangsu and Zhejiang. It has an area of 800,000 square kilometers and a population of over 370 million," said Walter E. Wattenbergh, Managing Director of Stolthaven Terminals BV. "This new terminal facility offers natural deep water berths and will serve as an important gateway to the region, where economic growth and industrial expansion are driving increased demand for petroleum products, petrochemical products and fine chemicals." Wattenbergh noted that the new terminal in Ningbo, along with other strategic investments by Stolthaven, including the recently announced terminal and jetty joint ventures in Tianjin, underscore Stolthaven's commitment to expanding its worldwide terminal network to provide increased service and value to its customers. Stolt-Nielsen S.A. established a representative office in Shanghai in 1994 and today, through its subsidiary Stolt-Nielsen Transportation Group, has offices in Shenzen, Shanghai and Tianjin. Contact: Richard M. Lemanski U.S. 1 203 299 3604 rlemanski@stolt.com Jan Chr. Engelhardtsen UK 44 20 7611 8972 jengelhardtsen@stolt.com About Stolt-Nielsen S.A. Stolt-Nielsen S.A. (the "Company") is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly-owned subsidiary Stolt-Nielsen Transportation Group, provides integrated transportation for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot. Forward-looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "will," "should," "seek," and similar expressions. The forward-looking statements reflect the Company's current views and assumptions and are subject to risks and uncertainties. The following factors, and others which are discussed in the Company's public filings and submissions with the U.S. Securities and Exchange Commission, are among those that may cause actual and future results and trends to differ materially from the Company's forward-looking statements: the general economic conditions and competition in the markets and businesses in which the Company operates; changes in the supply of and demand for parcel tanker, tank container and terminal capacity in the markets in which the Company operates; changes in the supply of and demand for the products we transport, particularly the bulk liquids, chemicals and other specialty liquids that form the majority of the products that we transport; prevailing market rates for the transportation services that the Company offers and the fish products that the Company sells; changes in bunker fuel prices; the cost and feasibility of maintaining and replacing the Company's older ships and building or purchasing new ships; uncertainties inherent in operating internationally; the outcome of legal proceedings; the Company's relationship with significant customers; the outcome of discussions with customers concerning potential antitrust claims; the impact of negative publicity; environmental challenges and natural conditions facing the Company's aquaculture business; the impact of laws and regulations; operating hazards, including marine disasters, spills or environmental damage; the conditions and factors that may influence the decision to issue future dividends; and the market for long-term debt. Many of these factors are beyond the Company's ability to control or predict. Given these factors, you should not place undue reliance on the forward-looking statements. Should one or more of these risks or uncertainties occur, or should management's assumptions or estimates prove incorrect, actual results and events may vary materially from those discussed in the forward-looking statements.


 

Nordic Business Report-December 21, 2006-Baltic Beverages Holding AB invests in Belarus market (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Anglo-Danish brewery group Baltic Beverages Holding AB (BBH) said on Thursday (21 December) that it was investing in the privately-owned Olivaria Brewery situated in the centre of Minsk, Belarus. The company said the investment was in line with its strategy of entering growth markets. BBH believes that, with a growing economy and rising beer consumption, the market in Belarus has strong future potential. Olivaria Brewery was established in 1864, and it has a market share of approximately 10%, brewing capacity of 400,000 hectolitres and 600 employees. The European Bank for Reconstruction and Development (EBRD) has been a major shareholder in Olivaria since 2005. As part of the continuing development of the business the current shareholders have been looking for an international partner. BBH has subscribed to 30% new shares in the company. After the capital increase EBRD will have 21% of the shares. No financial information was provided. Baltic Beverages Holding AB is a 50/50 owned joint venture between Carlsberg A/S and Scottish & Newcastle plc. BBH operates 19 breweries in seven countries in Eastern Europe. Carlsberg is headquartered in Copenhagen, Denmark. The company has over 30,000 employees at 92 production sites in 48 countries. Carlsberg is listed on the Nordic Exchange in Copenhagen. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Ericsson to deliver HSPA equipment in Japan (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish telecomms solutions provider Ericsson (Nasdaq:ERIC) said on Thursday (21 December) that it has signed a contract with Softbank Mobile Corp for the expanded deployment of the latest high-capacity HSPA equipment in Japan. The contract will upgrade Softbanks existing network to a future-proof mobile broadband network. No financial information was provided. Ericsson is headquartered in Stockholm, Sweden. Its equipment is used in more than 1,000 networks in 140 countries, and 40% of the worlds mobile calls are made through Ericsson systems. The company is listed on the Nordic Exchange in Stockholm, and its shares are also traded on the London Stock Exchange and on Nasdaq. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-NKT Group subsidiary to acquire U.S. Products (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Danish technology group NKT Holding A/S said on Thursday (21 December) that its subsidiary Nilfisk-Advance will acquire the activities of the company U.S. Products, a manufacturer of professional cleaning equipment focusing on the carpet extraction market. Through the acquisition of U.S. Products Nilfisk-Advance will substantially expand its product programme in the area of carpet cleaners. This will strengthen its position as a leading global supplier of cleaning machines to the professional market, the company said. The transaction is expected to have a positive influence on Nilfisk-Advances profit margin and a neutral immediate effect on EVA performance. The acquisition is scheduled to close on 1 January 2007. The acquisition price was not disclosed. U.S. Products specialises in equipment for the cleaning and maintenance of carpets and other textile-based products. The company has a turnover of around USD12m and employs 77 people in Coeur dAlene, Idaho. NKT Holding A/S is the parent company of the technology group NKT Group. The group consists of some 80 companies, wholly or partly owned subsidiaries. At the end of 2005 the NKT Group employed around 6,000 people of whom 80% are based in companies outside Denmark. The groups turnover 2005 was DKK8.7bn. One British pound (GBP) is worth approximately 1.91 US dollars (USD). One British pound (GBP) is worth approximately 11.08 Danish kroner (DKK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Schibsted ASA subsidiary increases stake in Infojobs S.A. (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian media group Schibsted ASA said on Thursday (21 December) that its 77%-owned subsidiary Anuntis Segundamano Holding S.L. has increased its stake in Infojobs S.A. from 60% to 93.56%. The stake was increased by executing the existing option agreement between Anuntis Segundamano and the Spanish company Grupo Intercom and a subsequent share capital increase. The total consideration paid by Anuntis Segundamano is EUR12.5m. In conjunction with the execution of this agreement Anuntis Segundamano and Grupo Intercom have entered into a new shareholding agreement under which Grupo Intercom will retain a 6.44% shareholding in Infojobs. This shareholding is governed by mutual call put arrangements, the conditions of which will depend on the financial performance of Infojobs. According to Schibsted, Infojobs is the leading private employment website in Spain and Europe based on its quantity of CVs, volume of job offers, growth, experience and innovation and service quality. Anuntis Segundamano is the leading company within offline and online Spanish classified media with operations in Spain, Argentina, Brazil, Colombia, Mexico and Venezuela. Schibsted, headquartered in Oslo, Norway, regards Norway and Sweden as its home markets, but has operations in a total of 20 countries. The group reported a turnover of NOK9.8bn in 2005. Schibsted is listed on the Oslo Stock Exchange under the ticker SCH. One British pound (GBP) is worth approximately 1.49 euros (EUR). One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Wartsila Corporation invests in Brazil (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish power plants and ship power solutions supplier Wartsila Corporation said on Thursday (21 December) that it will invest EUR1.2m in its Services workshop in Manaus, Brazil. The investment covers the construction of a new workshop and the purchase of new equipment to meet regional demand. The expansion will triple the existing facilities, giving a total of 3,500 square metres for the existing and new services. Wartsila has approximately 100 employees in Manaus, including the operators of three power plants and 35 specialised professionals, engineers, technicians and employees working in the existing Services workshop. In addition to the physical expansion of the Services workshop, Wartsila also plans to recruit more technical personnel for different positions in the next few months to meet the increase in business volume. Wartsila Corporation supplies power solutions for the marine and energy markets. The company has over 13,000 employees in 70 countries, and reported a turnover of EUR2.64bn in 2005. Wartsilas shares are traded on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

AMERICAN MARKETS OUTLOOK: U.S. stock markets are set to open higher Thursday, with lower metals and oil prices boosting sentiment about growth of the U.S. economy as a whole. U.S. GDP data, due for release at 1330 GMT, is expected to offer positive direction for the markets, with traders hoping the figures will provide a soft landing going into next year, says Angus Campbell at spreadbettor Finspreads. On the corporate front, investors will be watching for Carnivals fourth-quarter earnings, adds Campbell. Finspreads is calling the Dow Jones Industrial Average to open up 20 points at 12,483, the S&P 500 up 1.5 points at 1425 and the Nasdaq 100 up 2 points at 1780. EUROPEAN MARKETS: European markets are flat to lower in thin trading at midday Thursday following a weak U.S. close, with merger-and-acquisition news providing a little direction after Publicis agreed to buy U.S. marketing company, Digitas for EUR1 billion. Londons FTSE 100 is down 0.1% at 6191, in the last full trading day before the Christmas holiday. Smith & Nephew surged 5% after a report suggested that the same group behind this weeks acquisition of Biomet could bid for the company. In Frankfurt the DAX is down 0.05% at 6583, as investors are closing their books ahead of the holiday, traders say. The French CAC 40 is up nearly 0.1% at 5518. Bunds and gilts remain lower in thin trading, with little reaction to economic data releases. March bunds are down 0.10 at 116.82 and March gilts are down 0.04 at 108.34. At 1117 GMT, the dollar was down in Europe at Y118.25 from Y118.45 late Wednesday, on year-end profit-taking and the prospect of further losses. The euro was up at $1.3180 from $1.3175, while the pound was up at $1.9660 from $1.9650. =========================== TOP STORIES: SMITH & NEPHEW AT CENTER OF FURTHER BID TALK: Smith & Nephew (SN.LN), Europes largest medical devices company, was at the center of bid speculation following a press report saying the group may be bought by the private equity consortium which earlier this week acquired its U.S. rival Biomet Inc (BMET), torpedoing Smith & Nephews own attempt to buy the group. (By Enda Curran) CREDIT SUISSE BUYS BRAZILIAN HEDGING-GRIFFO: Credit Suisse Group (CS) said it will acquire the majority of a Brazilian asset manager and private bank, as it steps up efforts to target wealthy clients in emerging markets. (By Katharina Bart) MAN AG 11-MONTH REVENUES AT EUR12B: MAN AGs (MAN.XE) Chief Financial Officer Karlheinz Hornung said the German engineering group posted around EUR12 billion revenues and EUR15 billion order intake in the January-to-November period 2006. (By Eric Bellman) RELIANCE COMM TO BID FOR HUTCHISON ESSAR: Reliance Communications Ltd. (532712.BY), Indias second-largest cellular phone company, is ready to bid for control of Indias fourth largest cellular company, Hutchison Essar, but its waiting for another potential bidder, Vodafone Group PLC (VOD), to make the first move, according to people familiar with the talks. (By Christoph Rauwald) ============================ INSIGHT & ANALYSIS FROM DOW JONES NEWSWIRES: =FOREX FOCUS: The yen could yet stage a surprising rebound early in 2007. (By Nicholas Hastings) =CHARTING EUROPE: Technical signals point to further strength in Brent crude oil once Wednesdays $63.59 a barrel high - a retest of last weeks $63.61/bbl high - is breached. (By Axel Rudolph) =FOCUS: Scandinavias largest banks will be taking a close look at SBAB, an influential but not very profitable Swedish mortgage provider that has been designated for sale by its government owner. (By Jenny Clevstrom) =========================== STILL TO COME COUNTRY PERIOD ET/GMT 0830/1330 US Dec 16 Jobless Claims 0830/1330 US 3Q GDP, final 0830/1330 US 3Q Corp Profits, final 0900/1400 EU Nov EuroCOIN indicator of euro area economic activity 1000/1500 US Dec 9 DJ-BTMU Business Barometer 1000/1500 US Nov Chicago Fed Natl Activity Index 1000/1500 US Nov Conference Board Leading Econ Indicators 1030/1530 US Dec 16 US Energy Dept Natural Gas Stocks (in billion cubic feet) 1200/1700 US Dec Philadelphia Fed Business Index 1300/1800 US Richmond Fed Pres Lacker speaks the economic outlook in Charlotte 1630/2130 US Money Supply =========================== OTHER NEWS: The U.K. economy grew at a faster annual pace than previously estimated in the third quarter of 2006, driven by upward revisions to business services and finance as well as strong household and government expenditure, the Office for National Statistics said. (Data Snap by Ilona Billington) Persimmon PLC (PSN.LN), the U.K.s largest housebuilder, said its full-year sales revenues will increase 38% despite a competitive market. (By Anita Likus) Royal Dutch Shell PLC (RDSB.LN) began evacuating all dependents of foreign employees from Nigerias Niger Delta region, citing the deteriorating security situation. Shares in Swedish outdoor electrical appliance maker Husqvarna AB (HUSQ-B.SK) rose sharply after it said it will broaden its range of garden products by buying Gardena AG for EUR730 million. (By Johan Carlstrom) U.K. antitrust watchdog the Competition Commission confirmed it planned to reduce long-standing pricing regulations on directories publisher Yell Group PLC (YELL.LN). (By Jessica Hodgson) Electrabel SA (ELEB.BT), the electricity company belonging to utilities company Suez (12052.FR), said it will buy an extra 59.6% stake in French power producer Societe Hydro-Electrique du Midi for just over EUR500 million. (By Simon Clow) Several hundred flights from London Heathrow airport were canceled because of a second day of thick fog, airport officials said. The U.K.s current account deficit widened in the third quarter of 2006 compared with the previous three-month period, the Office of National Statistics said. (Data Snap by Natasha Brereton) Switzerlands trade surplus in November narrowed to 1.31 billion Swiss francs ($1.1 billion) in November from a revised CHF1.49 billion in October amid a strong rise in exports and imports. (Data Snap by Martin Gelnar) Italian consumer confidence rose to its highest level for four and a half years in December as people became more optimistic about the countrys general economic situation and their own finances, research center ISAE said. (Data Snap by Liam Moloney)


 

Stora Enso Oyj Stock Exchange Release 21 December 2006 at 12.00 GMT The Finnish Competition Authority has proposed to the Finnish Market Court that a fine of EUR 30 million be imposed on Stora Enso for violating competition laws in the purchasing of timber in Finland in the period from 1997 to 2004. Stora Enso considers the proposal groundless. The Group has not made a provision. For further information, please contact: Jyrki Kurkinen, Senior Vice President, Legal Affairs, tel. +358 2046 21217 Kari Vainio, Executive Vice President, Corporate Communications, tel. +44 77 9934 8197 www.storaenso.com www.storaenso.com/investors


 

LONDON -- Ryanair Holdings PLC (RYAAY) said Wednesday that it is immediately withdrawing its offer to buy Aer Lingus PLC (EIL1.DB) after European Union regulators launched a probe into its hostile bid for the Irish carrier. The low-cost carrier said the offer was now void. It said it would only make another offer if the European Commission approved the proposed takeover. Ryanair Chief Executive Michael O Leary accused European Commission competition chiefs of bias against Ryanair. He noted that the same authority approved a merger between Air France and Dutch airline KLM. In that merger, which produced Air France-KLM (AKH), the parties offered to surrender 120 flight slots, OLeary said. Ryanair offered as part of its bid to surrender more than 500 slots -- including slots currently belonging to Aer Lingus, he said. "The commission appears to apply different and totally inconsistent principles to the Ryanair-Aer Lingus deal than it applied to the much larger Air France-KLM deal, which was waved through with little difficulty," O" Leary said. Ryanair insisted that under European Union competition rules, it could no longer continue with its bid. However, E.U. competition officials say these in-depth investigations are standard. The E.U. said earlier Wednesday that it had serious concerns about the deal, saying it would reduce choice for consumers and lead to higher fares. Its likely the E.U. would have asked for more concessions; earlier measures proposed by the airline werent accepted. OLeary stressed Ryanair would publish a new bid as soon as regulators permitted it. "Ryanair remains committed to acquiring Aer Lingus," he said.


 

In light of developments the Board has today decided to raise the Group's target for the operating margin from 10 per cent. In future the operating margin will be 12 per cent over a business cycle with the minimum being 10 per cent. Other targets remain unchanged. Operative targets * The number of stores will increase by 15-20 per year. * The operating margin will be 12 per cent over a business cycle with the minimum being 10 per cent. KappAhl opened 20 new stores in 2005/2006 while 2 were closed. The operating margin for the past 12 months was 13.3 per cent. Financial targets * The interest-bearing net debt should only exceed EBITDA temporarily by a multiple of three. * The interest coverage ratio should exceed a multiple of five. * The equity/assets ratio should exceed 20 per cent at the end of the 2007/2008 financial year. For more information, please contact: Christian W. Jansson, President and CEO, tel: +46 709 95 02 01 Håkan Westin, CFO, tel: +46 704 71 56 64 KappAhl Holding AB (publ) Box 303, SE-431 24 Mölndal, Sweden KappAhl is a leading Nordic fashion chain with about 270 stores in Sweden, Norway, Finland and Poland. We design, market and sell clothes for the entire family, but our primary target group is women aged 30 to 50 who buy for the entire family. KappAhl's head office and distribution centre, which handles transport to all stores, are located in Mölndal, on the outskirts of Göteborg, Sweden. KappAhl employs around 3,700 people and more than 90 per cent are women. During the 2005/2006 financial year, KappAhl reported sales of SEK 4.2 billion, with an operating profit of SEK 530 million. KappAhl is listed on the Stockholm Stock Exchange. Further information about the company is available on www.kappahl.com and financial information is available on www.kappahl.com/ir.


 

Nordic Business Report-December 21, 2006-Nordic Broadcasting Oy receives approval for acquisition of TV4 (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish media company Nordic Broadcasting Oy said on Thursday (21 December) that the Swedish Competition Authority has approved the companys acquisition of the Norwegian media group Schibsted ASAs shares in TV4 and the takeover of Proventus and Bonniers ownership in TV4. With the acquisitions Nordic Broadcasting reaches approximately 98% ownership of the shares in TV4. The company intends to acquire additional TV4 shares in the market. No financial information was provided. Nordic Broadcasting agreed on 5 November 2006 to acquire Schibsteds shares in TV4 AB. In connection with this it was decided that Bonniers and Proventus holdings in TV4 would be transferred to Nordic Broadcasting. Nordic Broadcasting is headquartered in Helsinki, Finland, and owns 100% of the Finnish TV company MTV Oy. Nordic Broadcasting is owned by Swedish media groups Bonnier & Bonnier AB and Proventus Industrier AB. Both have 50% ownership in the company. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Sponda Plc acquires logistics property in Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish real estate investor Sponda Plc said on Thursday (21 December) that it has purchased a logistics property, Koy Hyvinkaan Varikko at Varastokatu 8, from Pivatic Oy in the town of Hyvinkaa in Finland. The property has a total leasable area of 6,900 square metres and is fully leased. The site has usable building rights totalling 28,000 square metres for further investment purposes. The acquisition price was valued at EUR4.2m. Sponda specialises in commercial properties in the Helsinki Metropolitan Area. Its investment properties have a combined market value of approximately EUR1.26bn. Sponda is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-TietoEnator Corporation concludes agreement with Finnish foreign ministry (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish-Swedish IT group TietoEnator Corporation said on Thursday (21 December) that it has concluded a contract with the Finnish ministry for foreign affairs for the supply of ICT support services. Under the agreement TietoEnator will supply services to monitor and control equipment, servers, applications and workstations in the ministrys telecommunications networks. The agreement covers the ministrys branch offices in Finland and its 97 missions abroad as well as approximately 2,100 users. The basic contract period will start on 1 July 2007 and will last for three years. The agreement contains an option to extend it by a further two years. The contract is worth around EUR5.0m. TietoEnator is one of Europes largest IT groups with over 15,000 employees in more than 25 countries. The company is listed on the Nordic Exchange in Helsinki and Stockholm. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

BASWARE CORPORATION STOCK EXCHANGE RELEASE 21 DECEMBER, 2006 BasWare Corporation and Fuji Xerox Asia Pacific's Global Services division have entered into a partnership relating to BasWare Enterprise Purchase to Pay product portfolio. The agreement covers China, Hong Kong, Taiwan, South Korea, Singapore, Malaysia, Philippines, Indonesia, Thailand and Vietnam as well as Australia and New Zealand. As part of its own offering, Fuji Xerox Global Services will bring the BasWare product portfolio to the market either as a shared service concept or as a direct software sale. Fuji Xerox Global Services will also implement and support the BasWare products in the market area. The marketing and sales activities will start immediately and the partnership is expected to generate net sales for BasWare in the beginning of 2007, at the earliest. The partnership agreement follows BasWare's new growth strategy which aims at strengthening the indirect sales channel and to cover new market areas. With this agreement BasWare extends its distribution network to East and Southeast Asia. BasWare reseller network then includes a total of 54 value-added resellers operating in over 20 countries. "This partner agreement is a significant milestone in our Asian operations and opens an entirely new market area for us. Thanks to this partner agreement we are targeting a wide enterprise audience in the entire South East Asia and Asia Pacific area. The agreement is in line with our growth strategy aiming to reach the global leader position," says Ilkka Sihvo, CEO, BasWare Corp. "BasWare and Fuji Xerox Global Services strive to enhance business productivity and effective use of information for document intensive processes. With our Financial & Administration Services, BasWare's solutions enable us to offer premium level services to our customers," says Ramagopal Rao, General Manager of Fuji Xerox Global Services in Asia Pacific. The partnership will cover BasWare Enterprise Purchase to Pay product portfolio that includes software for invoice processing and purchase management as well as value-added modules for automatic matching of recurring invoices and contract-based invoices. The solutions automate the entire purchase-to-pay process thus enabling companies to achieve time and cost savings as well as gain process control and transparency. For further information, please contact: CEO Ilkka Sihvo, BasWare Corporation, tel. +358 40 501 8251


 

* Opening call: EUR 9.50 per share Oberursel, December 21, 2006: As of today, the shares of n.runs are listed on the Entry Standard at the Open Market of the Frankfurt Stock Exchange. The share opened with EUR 9.50 per share. In the business year 2005, n.runs AG scheduled a turnover in the amount of EUR 3,55 mn. With a stock capital of EUR 560,000.00 and a par value of EUR 1.00 per share, the shareholders' ledger is comprised of n.runs' management and both considerable institutional and private investors. Doing the listing, the company first of all wants to increase its public awareness. CEO Andreas Bruns: "With the listing, we have the opportunity to grow more dynamically and, in addition, to raise our customers' perception. Furthermore, the listing provides n.runs AG with a higher degree of flexibility regarding conceivable capital measures in the future. All things considered, we feel very comfortable and well positioned at the financial centre of Frankfurt." The transaction was managed by Weserbank AG, Frankfurt branch, and Close Brothers Seydler AG, Frankfurt. The Board n.runs AG Nassauer Straße 40 D-61440 Oberursel p. +49 (0) 6171 699-0 f. +49 (0) 6171 699-199 www.nruns.com For further queries, please contact: GFEI Gesellschaft für Effekteninformation mbH Beethovenstraße 60 D-60325 Frankfurt am Main p. +49 (0) 69 743037-00 f. +49 (0) 69 743037-06 www.gfei.de About n.runs AG: n.runs AG, founded in 2001, is a multivendor capability provider for independent consulting in the area of IT security, IT infrastructure and IT business consulting. The services offered pursue an integral approach thus comprising audit/assessment, design, support for the application of latest technology, process consulting and finally, a transfer of knowledge to the customer. The IT security area comprises audit/assessment, risk analysis as well as source code and binary audits. Services referring to IT infrastructure comprehend the identification of need, coarse design, the making out of test catalogues, tests, particulate designs and migration plans, leading to the point of implementation due to complex IT infrastructure. The IT business consulting area deals with processing, important controlling functions in projects and economic aspects in the areas of IT security and IT infrastructure.


 

Nordic Business Report-December 21, 2006-Respons ASA wins NOK7m embedded solutions contract from FMC Kongsberg Metering AS (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian embedded solutions developer Data Respons ASA said on Thursday (21 December) that it has received a NOK7m contract from FMC Kongsberg Metering AS, part of global measuring systems supplier FMC Measurement Solutions. The contract covers the delivery of embedded solutions to FMC Kongsberg Meterings fiscal measuring systems for the oil and gas sector. Data Respons, headquartered in Oslo, Norway, supplies embedded solutions to leading OEM companies, system integrators and vertical product suppliers. The company has offices in Denmark, Finland, Norway, Sweden and Germany. Data Respons ASA is listed on the Oslo Stock Exchange and traded under the ticker DAT. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

(IFN) Icelandic generic drugmaker Actavis Group hf. will divest its manufacturing facility in Lier, Norway, and has secured a five year supply agreement with Swedish contract manufacturing company Inpac, Actavis said on Thursday.The company said the decision to sell the plant is part of Actavis ongoing strategy to achieve further efficiencies by consolidating its European operations.The Lier plant, which manufactures tablets, liquids, creams and ointments, primarily for the Nordic, European and Middle Eastern markets, was bought by Actavis in December 2005, following the Groups acquisition of Alpharma Inc.s human generics business. Norwegian life insurance company and financial service provider StoreBrand ASA will acquire the facility and lease it to Inpac.The disposal will result in cash proceeds to Actavis of approximately EUR10 million net of associated restructuring and transaction costs. The proceeds are in line with the carrying values of the assets in Actavis balance sheet.Actavis Norgesplaster production facility in Vennesla, Norway, will not be impacted as a result of this disposal and Actavis will continue to operate its own sales force in the country.Source: Dow Jones Newswires


 

The owners of Polarlaks AS and Hammerfest Lakseslakteri AS have accepted a conditional offer from Cermaq to acquire 100% of the shares in the two companies. The agreement is subject to a satisfactory result from a due diligence process which will be completed before February 15th. Polarlaks has 12 concessions in the Altafjorden/Hammerfest area, with a production capacity of approx. 10,000 tonnes. 2007 production will be around 3,000 tonnes. Hammerfest Lakseslakteri has an annual processing capacity of 20,000 tonnes. The sites are located in the vicinity of existing Cermaq/Mainstream concessions in Finnmark county, Norway. The offer implies a value per licence of approx. NOK 2.5 million. For further information, please contact Geir Isaksen, CEO, tel +47 22 31 75 26, mobile: +47 91 34 82 81


 

Seadrill has been awarded a letter of intent by ConocoPhillips for development drilling in Indonesia. The contract has a duration of three years with commencement scheduled for the fourth quarter 2008/first quarter 2009. Estimated contract value is approximately US$ 178 million. Seadrill has the option to use either West Berani or West Setia for this assignment. The final contract is subject to agreement on contractual terms as well as Indonesian governmental approval. Analyst contact: Jim Dåtland, Vice President Investor Relations +47 51 30 99 19 Media contact: Alf C Thorkildsen, Chief Financial Officer +47 51 30 99 19 Seadrill Limited Hamilton, Bermuda December 21, 2006


 

Nordic Business Report-December 21, 2006-Crew Minerals ASA makes offer for Rana Gruber AS (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian exploration and mining company Crew Minerals ASA announced on Thursday (21 December) an indicative offer of NOK120m for iron mining company Rana Gruber AS. "Crew Minerals ASA is of the opinion that Rana Gruber AS represents a strategic fit which can play an important role in the overall growth strategy of Crew Minerals ASA," Crew Minerals said in a brief statement. Crew Minerals, formerly part of the United Kingdom headquartered Crew Gold, focuses on base metals and industrial minerals. The company was recently listed on the Oslo Stock Exchange and is traded under the ticker CMI. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Kongsberg Gruppen ASA wins NOK246m weapons control systems order from Swiss army (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian high-tech group Kongsberg Gruppen ASA said on Thursday (21 December) that it has secured a NOK246m weapons control systems order from the Swiss army. The contract covers the PROTECTOR remote weapons control system used for protecting military vehicles. The swiss army will use the system for its Piranha command vehicles. Kongsberg Gruppen also said that during 2006 it has already sold PROTECTOR systems for NOK1.1bn, and that it has hired 50 new employees to meet the increased demand. Kongsberg Gruppen is a high-tech group serving the offshore, merchant marine and defence markets. The group has 3,300 employees and reported revenues of NOK5.7bn in 2005. Kongsberg Gruppen is listed on the Oslo Stock Exchange and traded under the ticker KOG. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Norwegian aquaculture group Cermaq ASA expands production and processing capacity in northern Norway (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian aquaculture group Cermaq ASA said on Thursday (21 December) that it has agreed to acquire fish production and processing companies Polarlaks AS and Hammerfest Lakseslakteri AS. Polarlaks holds 12 production concessions with a combined capacity of 10,000 tonnes, while Hammerfest Lakseslakteri has a processing capacity of 20,000 tonnes. Both companies operate near Cermaqs existing concessions in the county of Finnmark in northern Norway. The exact details of the transactions were not disclosed, but Cermaq said that the deals imply a per-licence price of NOK2.5m. Cermaq, headquartered in Oslo, Norway, is one of the worlds leading aquaculture groups with operations in Norway, Scotland, Canada and Chile. Cermaq is listed on the Oslo Stock Exchange and traded under the ticker CEQ. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Seadrill Ltd receives LoI for 3-year drilling assignment in Indonesia from ConocoPhillips (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian-controlled offshore drilling contractor Seadrill Ltd said on Thursday (21 December) that it has received a letter of intent for a three-year assignment from ConocoPhillips. The proposed drilling assignment, scheduled to commence in the fourth quarter of 2008 or the first quarter of 2009, covers development drilling in Indonesia. The contract is estimated to be worth around USD178m. Seadrill is headquartered in Hamilton in Bermuda. The company is listed on the Oslo Stock Exchange. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Setra Group AB expands in northern Sweden, acquires Rolfs Sag & Hyvleri AB (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish wood products group Setra Group AB said on Thursday (21 December) that it has agreed to acquire privately-owned integrated sawmill and wood processing company Rolfs Sag & Hyvleri AB. Rolfs Sag & Hyvleri, based in Kalix in Sweden, has some 80 employees and an annual turnover of approximately SEK200m. "Our expressed aim is to grow through a higher value-added content. Rolfs Sag provides a strategic complement to Setras operations in northern Sweden, in terms of both skills and capacity for increased value added," said Kent Torwald, president and CEO of Setra. "This acquisition strengthens our position within value-added processing. We will also gain access to a smooth-functioning purchasing organisation for local raw material," Torwald added. The purchase price was not disclosed. Setra, headquartered in Solna in Sweden, produces and sells wood-based products and solutions to construction and industrial customers. The group has 1,400 employees and a turnover of approximately SEK6bn. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Skanska wins new road contracts in Norway (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish construction group Skanska said on Thursday (21 December) that its unit Skanska Norway has secured two expressway assignments from the Norwegian road administration Statens Vegvesen. The assignments, valued at a total of NOK455m, cover the upgrading of the E18 highway at Sandefjord in southern Norway to expressway standard. The contracts include road construction, nine bridges and some tunnelling work. Skanska, headquartered in Solna, Sweden, is one of the worlds leading construction groups with some 54,000 employees in Europe, the US and Latin America. Skanska is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Swedish industrial group SoderbergForetagen strengthens within plastic materials, acquires Andren & Soner (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial group SoderbergForetagen said on Thursday (21 December) that it has agreed to acquire plastic materials and components producer Andren & Soner for an undisclosed sum. Andren & Soner, based in Gothenburg in Sweden, produces plastic materials and components to over 2,500 industrial customers in the Nordic countries. The company has 32 employees and annual sales of SEK105m. The acquisition will further strengthen Andren & Soner within plastic materials. SoderbergForetagen, headquartered in Malmo in Sweden, produces industrial plastics and packaging. After the acquisition of Andren & Soner the group will have 200 employees and an annual turnover of SEK460m. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Sponda Plc has purchased a logistics property, Koy Hyvinkään Varikko at Varastokatu 8, from Pivatic Oy for EUR 4.2 million in the town on Hyvinkää. The property has a total leasable area of 6,900 m2 and is fully leased. The site has usable building rights totalling 28 000 m2 for further investment purposes. Sponda Plc Further information: Pasi Viitaniemi, SVP Logistics, Sponda Plc, tel. +358 9 6805 8416, GSM +358 40-705 3716 Sponda Plc is a real estate company specializing in commercial properties in the Helsinki metropolitan area. Sponda's business concept is to own, lease and develop office, retail and logistics properties into environments that promote the business success of its clients. The fair value of Sponda's investment properties is approximately EUR 2.6 billion euros and the leasable area is around 2 million m². Sponda is the largest real estate investment company listed on the Helsinki Stock Exchange.


 

Nordic Business Report-December 21, 2006-Alma Media Corporation and Keskisuomalainen Oyj discuss merger (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish media group Alma Media Corporation said on Thursday (21 December) that it was holding preliminary discussions with the media group Keskisuomalainen Oyj with the objective of a potential combination of the businesses. The parties have discussed a merger as the method of implementing the potential combination. Alma Media believes that comprehensive cooperation between the two successful media companies would profit both Finnish readers as well as shareholders. Alma Media, headquartered in Helsinki, Finland, invests in newspapers and online media. Its net sales in 2005 totalled EUR286m and the operating margin was almost 15%. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Larox Corporation wins several orders for filter units (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish industrial group Larox Corporation said on Thursday (21 December) that it has received several major filter orders from chemical and mining companies in Germany, Turkey, Mexico and Australia. The orders consist of twelve filters, which will be delivered during 2007-2008. Three units of Larox DS Automatic Pressure Filters with auxiliaries will be delivered to a chemical company in Germany, while another chemical company in Germany has placed a repeat order for a Larox DS filter. The order from Turkey consists of five Scheibler E Series Polishing Filters for a chemical application. Two units of large size Larox PF Automatic Pressure Filters will be delivered to Mexico for filtration of zinc and copper concentrates. These are repeat orders from two separate mining companies. Boddington Gold Mine in Western Australia has ordered a large size Larox PF filter for the dewatering of copper concentrate. The total value of the orders is some EUR13.5m. Larox Corporation, headquartered in Lappeenranta in Finland, is a leading filtration solutions provider for the mining and metallurgical industries. The company has 438 employees and reported sales of over EUR104m in 2005. Larox is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Okmetic Oyj concludes sale of production facility (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish silicon wafers processing company Okmetic Oyj said on Thursday (21 December) that it has concluded a deal for the sale of its production facility in Espoo, Finland. The sales profit of just over EUR1.0m will be entered in the books for the current year. Okmetic plans to use the approximately EUR4.5m gained as a result of the sale to lighten its financial structure in the beginning of 2007. Okmetic is a technology company manufacturing and further processing silicon wafers for the sensor and semiconductor industries. Okmetic has plants in Vantaa, Finland and in Allen, Texas in the US. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Poyry Plc participates in pulp mill project in Brazil (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish consulting and engineering group Poyry Plc said on Thursday (21 December) that its Forest Industry business group has entered into an agreement with Chamflora - Tres Lagoas Agroflorestal Ltda (Chamflora) regarding the implementation of a greenfield bleached kraft pulp mill in Brazil. Chamflora is a wholly-owned subsidiary of International Paper. Under an existing exchange agreement control of the pulp mill project, as well as Chamfloras existing eucalyptus plantations and operating assets, will be transferred to Votorantim Celulose e Papel S.A. (VCP) in early 2007. Poyry Tecnologia Ltda has participated in the development of the project during the conceptual and feasibility phases as well as in the basic engineering of the pulp mill, and has been designated in the agreement as the supplier of overall project management. The company will also supply engineering, procurement and construction management services for the pulp mill project. The value of the assignment was not disclosed. Poyry, headquartered in Vantaa, Finland, provides consulting and engineering services to the energy, forest industry and infrastructure & environment sectors. It has 6,000 employees and annual net sales of EUR600m. Poyry is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Poyry Plc wins services agreement in Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish consulting and engineering group Poyry Plc said on Thursday (21 December) that its Energy business group has signed an agreement with Porin Prosessivoima Oy, a subsidiary of Pohjolan Voima, for services in a biomass-fired combined heat and power plant project. Porin Prosessivoima Oy has decided to build a new biopower plant at the Kaanaa factory site of Kemira Pigments Oy in Pori, Finland. Poyrys assignment includes a significant part of complete basic and implementation engineering as well as project management, procurement and supervision services. The value of the assignment is about EUR2.4m. Poyry, headquartered in Vantaa, Finland, provides consulting and engineering services to the energy, forest industry and infrastructure & environment sectors. It has 6,000 employees and annual net sales of EUR600m. Poyry is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

TietoEnator Corporation PRESS RELEASE 21 December 2006 at 12.00 am EET TietoEnator and the Finnish Ministry for Foreign affairs have concluded a contract for the supply of ICT support services. The basic contract period will start on 1.7.2007 and will last for three years. The agreement contains an option to extend it by a further two years. The contract is worth around 5 million euros. Under the agreement TietoEnator will supply services to monitor and control equipment, servers, applications and workstations in the Ministry's telecommunications networks. The agreement covers the Ministry's branch offices in Finland and its 97 missions abroad as well as approximately 2,100 users. The purpose of the services supplied under the agreement is that the Ministry for Foreign Affairs can be assured that its IT environment will function properly whatever the circumstances so that the users of the Ministry's administration systems may fully exploit the IT resources available in their work. Ari Uusikartano, Chief Information Officer for the Ministry, says: "The invitation to tender was put out in summer 2006. The main objective was to choose a supplier of support services that would be responsible for ensuring that the Ministry's information system services would function properly. The service supplier's responsibility would be for the functionality of the local area network, the servers and the workstations, and for monitoring the functionality of applications. Among the tenders TietoEnator was reliably strong in all the areas compared and in the end it was clearly the most attractive overall in terms of price." Jarmo Hyyryläinen, head of Public sector unit in TietoEnator Processing & Network says: "TietoEnator is proud to supply a demanding customer with services for its global environment. What we offer is rigorously standard-based and a guarantee of high quality and cost-effective infrastructure services to support the Foreign Ministry's administration. The other aim of the agreement is for both parties to work closely together to develop IT infrastructure services so that they can be gradually extended to the functionality of applications - this fits in with what our customers seem to be demanding more and more and is consistent with TietoEnator's service development policy." For further information: Jarmo Hyyryläinen, Vice-President, TietoEnator Processing & Network, tel. +358 400 447 094 Ari Uusikartano, Chief Information Officer, Ministry for Foreign Affairs, tel. +358 9 1605 5338 TIETOENATOR CORPORATION DISTRIBUTION Principal media TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services companies in Europe. TietoEnator specialises in consulting, developing and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and latest information technology. TietoEnator has over 15,000 experts in more than 25 countries. www.tietoenator.com The Ministry for Foreign Affairs promotes the security and welfare of Finland and the Finns, and works for a secure and fair world. The core responsibilities of the Ministry for Foreign Affairs are related to foreign and security policy, significant foreign policy issues and international relations in general. In this capacity, the Ministry also assists other branches of government in the coordination of international affairs. The Finnish Foreign Service - the Ministry and approximately one hundred diplomatic and consular missions - focuses to serve the Finns, the Finnish economy and society at large, the country's political leadership and Parliament. www.formin.fi


 

Nordic Business Report-December 21, 2006-BioTie Therapies Corporation raises EUR18.8m (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish pharmaceutical company BioTie Therapies Corporation said on Wednesday (20 December) that it had raised EUR18.8m of new capital in a combined institutional and shareholder offering. An aggregate of 36,855,439 shares were subscribed for in the institutional offering and the shareholder offering. The aggregate subscription price for the subscribed shares and the corresponding increase of the share capital is EUR18.8m. The share subscription in the institutional offering was approved on 30 November 2006 and share subscription for the shareholder offering on 20 December, the company said. The shareholder offering was for an aggregate of 11,365,242 shares for a subscription price of EUR0.51 per share. The aggregate subscription price for the subscribed shares is some EUR5.8m. The subscription price of the shares will be recognised in its entirety in the share capital of the company. As a result of the registration of the increase in share capital, the companys share capital will amount to EUR19.8m and the number of shares to 89,530,660. BioTie Therapies, headquartered in Turku, Finland, is a drug development biotechnology company with a focus on dependence disorders, inflammatory diseases and thrombosis. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-CapMan Plc fund sells its real estate portfolio (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finland-based Nordic private equity investor CapMan Plc said on Wednesday (20 December) that its managed fund, CapMan Real Estate I fund, is selling its existing portfolio of 22 commercial properties to Samson Properties Ltd, The Royal Bank of Scotland (RBS) and Ajanta Oy. Samson Properties, RBS and Ajanta Oy will make the acquisition through a jointly owned company. Samson Properties is the majority shareholder, with Ajanta Oy and RBS as minority shareholders. The transaction price is EUR377.5m. At closing the impact of the transaction on CapMans result for 2007, taking minority interest into consideration, is some EUR13.5m as a result of carried interest received from the fund. CapMan Real Estate I and II funds will continue their active investment operations after the transaction. Samson Properties Ltd is an international real estate company led by Icelandic investors Thor Bjorgolfsson and Bjorgolfur Gudmundsson. Ajanta Oy is a private Finnish investment company which invests in unlisted and listed companies mainly in the fields of telecommunications, media and biotechnologies. CapMan, with offices in Helsinki, Stockholm, Copenhagen and Oslo, manages Nordic buyout, mezzanine, technology, life science and real estate funds with approximately EUR2.6bn in total capital. CapMan is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Icelands Glitnir Bank signs ISK100bn covered bond programme (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Icelandic bank Glitnir Banki hf (Glitnir Bank) said on Wednesday (20 December) that it has signed ISK100bn covered bond programme. The underlying assets are the banks mortgage loans in Iceland. The programme was arranged by Deutsche Bank. Glitnir has also signed an agreement with Citigroup under which Citigroup undertakes to buy Glitnirs covered bonds for up to EUR550m over the next five years. The company said that this secures for Glitnir additional liquidity for that amount. Glitnir Bank said that in spite of abnormal trading conditions for much of the year, the banks funding operations have been successful. Total funding of the parent company amounts to close to EUR5.0bn in 2006. Glitnir Banki is headquartered in Reykjavik, Iceland, and also has a branch in London in the United Kingdom and in Copenhagen in Denmark. Glitnir is listed on the Icelandic Stock Exchange and has a market capitalisation of some EUR3.0bn. One British pound (GBP) is worth approximately 129.46 Icelandic kronur (ISK). One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Valmet Automotive to cut 222 jobs (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish engineering and technology group Metso Corporation (NYSE: MX) said on Wednesday (20 December) that its subsidiary Valmet Automotive will give notice to 222 employees. The decision was made after the cooperation negotiations initiated on 1 November 2006. From these 222 employees, 216 are blue-collar and six are white-collar workers. After the reduction the workforce will number just over 800. As a result of the weakened car market the car output will gradually fall by early April to 102 cars per day, from the daily output of 153 cars in November. Metso, headquartered in Helsinki, Finland, has 22,000 employees in more than 50 countries, and reported net sales of EUR4.2bn in 2005. Metso is listed on the Nordic Exchange in Helsinki and on the NYSE. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

(IFN) The rise in Icelandic interest rates to 14.25% from 14.00% may provide help in delaying a downward correction in the ISK until later in the economic cycle, says Calyon. 


 

(IFN) The decision of the Central Bank of Iceland to lift the benchmark interest rate by 25 basis points to 14.25% is in line with expectations, says Steingrimur Arnar Finnsson from Kaupthing Bank.


 

Okmetic Oyj and Kiinteistö Oy Espoon Sinimäentie 12 owned by YIT Rakennus Oy have today concluded a deal for the sale of the Okmetic production facility in Espoo, Finland. The sales profit of just over one million euro will be entered in the books for the current year. Okmetic Oyj plans to use the approximately 4,5 million euro gained as a result of the sale to lighten its financial structure in the beginning of 2007. OKMETIC OYJ Esko Sipilä Senior Vice President For further information, please contact: Senior Vice President, Finance Esko Sipilä, Okmetic Oyj, tel. +358 9 5028 0286, email: esko.sipila@okmetic.com President Antti Rasilo, Okmetic Oyj, Tel. +358 9 5028 0232, email: antti.rasilo@okmetic.com


 

Pöyry's Energy business group has signed an agreement with Porin Prosessivoima Oy, a subsidiary of Pohjolan Voima, for services in a biomass-fired combined heat and power plant project. The value of the assignment is about EUR 2.4 million. Porin Prosessivoima Oy has decided to build a new biopower plant at the Kaanaa factory site of Kemira Pigments Oy in Pori, Finland. Pöyry's assignment includes a significant part of complete basic and implementation engineering as well as project management, procurement and supervision services. The plant will burn wood fuel, peat, coal and recycled fuels and will have a capacity of 65 MW of electricity, 140 MW of steam and 70 MW of district heat. The energy will be delivered to Kemira for the purposes of industrial processes in Kaanaa and Pihlava, and to the City of Pori for district heating of the downtown and Meri-Pori areas. The total investment amounts to approximately EUR 140 million. The plant comprises a new boiler utilising circulating fluidized bed combustion technology and a district heating back-pressure turbine. The plant will be completed by the end of 2008. Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's annual net sales amount to about EUR 600 million and it employs 6000 experts. PÖYRY PLC Satu Perälampi Investor Relations Manager Additional information by: Vilho Salovaara, President, Pöyry Energy Oy, Finland Tel. +358 10 33 24359 Jyrki Kovanen, Project Manager, Project Services, Pöyry Energy Oy, Finland Tel. +358 10 33 24809 www.poyry.com DISTRIBUTION: Major media


 

Nordic Business Report-December 21, 2006-2Entertain AB renews show production agreement with Color Line (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish entertainment producer 2Entertain AB said on Wednesday (20 December) that it has renewed its cooperation agreement with Norwegian cruise line Color Line. Under the renewed agreement, valued at approximately SEK23m, 2Entertain will continue to produce show entertainment onboard the cruise vessel Color Fantasy. The agreement covers some 750 shows featuring 30 artists. 2Entertain, headquartered in Falkenberg, Sweden, operates in Sweden and Norway. In addition to producing entertainment the company is part owner of the Chat Noir theatre in Oslo and the Oscarsteatern in Stockholm. 2Entertain is expected to achieve a turnover of SEK250m in 2006. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Goodtech ASA wins industrial IT order from EWOS AS (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian technology and engineering company Goodtech ASA said on Thursday (21 December) that its subsidiary Cronus Engineering AS has received a contract for industrial IT systems from Norwegian fish feed producer EWOS AS. The contract, valued at approximately NOK7.8m, covers the Cronus Engineerings ForIT system. The system will be used to improve efficiency at EWOS plant in Floro. Goodtech, headquartered in Oslo in Norway, supplies automation and IT projects to the manufacturing industry and has over 170 employees. Goodtech is listed on the Oslo Stock Exchange and traded under the ticker GOD. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Itera Consulting Group ASA completes sale of Agresso business (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian business and IT consulting group Itera Consulting Group ASA said on Thursday (21 December) that it has signed a firm agreement to sell its Agresso-related operations to Norwegian company Agresso AS, a subsidiary of Dutch enterprise resource planning solutions developer Unit 4 Agresso. The transaction is based on a letter of intent announced in November. The unit to be divested has 12 employees and an annual turnover of NOK8m. Itera Consulting Group said earlier that Agresso will take over six of the employees as well as all customer contracts, but that the remaining six employees will be offered continued employment elsewhere within Itera Consulting Group. The sales price is approximately NOK7m. Itera Consulting Group is headquartered in Oslo, Norway. The group comprises some 10 Scandinavian companies with a total of 270 employees. Itera Consulting Group is listed on the Oslo Stock Exchange and traded under the ticker ITE. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-NovaCast Technologies AB wins new ATAS orders in the US (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish foundry software developer NovaCast Technologies AB said on Thursday (21 December) that its subsidiary NovaCast Foundry Solutions has received new US orders worth over SEK1.5m. The orders, awarded by ThyssenKrupp Waupaca and Brillion Iron Works, cover NovaCast Technologies process control system ATAS. NovaCast Technologies is headquartered in Ronneby in Sweden. The company develops products and software for improving production processes in the automotive industry and its sub-contractors, mainly foundries and tool manufacturers. The products are used at 323 foundries in 39 countries. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Statnett to purchase reserve power installations from Pratt and Whitney (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian power transmission system operator Statnett said on Thursday (21 December) that it has signed a letter of intent to purchase reserve power installations from Pratt and Whitney. The proposed deal covers some 300MW and is valued at approximately NOK1bn. The purchase is conditional on Statnett receiving the necessary concessions from the Norwegian Water Resources and Energy Directorate, and the Norwegian Pollution Control Authority. "Reserve power will be utilised only in case of a severely constrained power situation with high probability of power rationing. As such, reserve power will be considered as an insurance and will be the last measure to take in such a situation," Statnett said in a statement. Statnett is a public enterprise owned by the Norwegian state. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Swedish industrial installations supplier El & Industrimontage Svenska AB wins new orders for SEK20m (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial installations supplier El & Industrimontage Svenska AB said on Thursday (21 December) that it has received two new orders worth a total of nearly SEK20m from Swedish customers. The Swedish regional power utility C4 Energi AB placed an order for a control and monitoring system for a new boiler at its Alloverket plant in Kristianstad. The Blekinge hospital in Karlskrona awarded a contract for a reserve power installation. El & Industrimontage Svenska, headquartered in Umea, Sweden, is a leading Swedish electrical contracting company with some 500 employees and annual sales of approximately SEK650m. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Swedish private equity investor Ratos AB acquires Swedish and Danish office chair manufacturing companies (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish private equity investor Ratos AB said on Thursday (21 December) that it has agreed to acquire Swedish office chair manufacturer RH Form and Danish office chair manufacturer RBM. The combined purchase price amounts to SEK190m. RH Form, headquartered in Nassjo, Sweden, manufactures ergonomic office and work chairs, as well as a range of special chairs. The company has 120 employees and is expected to achieve sales of SEK340m in 2006. RBM, based in Fjerritslev in Denmark, manufactures chairs for conferences, education and canteens. It has 150 employees and is expected to achieve sales of SEK280m in 2006. Ratos, headquartered in Stockholm, Sweden, has some SEK9bn in investments. The company is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Swedish staffing company Proffice AB receives framework contract from Swedish labour market board (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish staffing company Proffice AB announced on Thursday (21 December) that it has been selected as prioritised supplier of temporary staffing for all Swedish state authorities and organisations. The framework contract, signed with the Swedish labour market board, is valued at over SEK300m per year. The contract was signed for an initial period of two years but can be extended by an additional year. Proffice, headquartered in Stockholm in Sweden, provides staffing services in Sweden, Denmark, Finland and Norway, and has some 10,000 employees. The company is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

A total of 65,000 shares in Metso Corporation have been subscribed for with the 2003A stock options during a period of December 7-11, 2006. The nominal value of one share is EUR 1.70. As a result of share subscriptions, the increase in the share capital, EUR 110,500 has been entered into the Trade Register on December 21, 2006. After this increase, the company's share capital is EUR 240,923,343.80 and the total number of shares is 141,719,614. Out of this total, Metso holds 360,841 shares. Dividend rights of the new shares and other shareholder rights shall commence from the registration date December 21, 2006. The shares have been applied for listing on the Helsinki Stock Exchange together with the old shares as of December 22, 2006. For the 2003A stock options the current share subscription price is EUR 8.70. Metso is a global engineering and technology corporation with 2005 net sales of approximately EUR 4.2 billion. Its 22,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. www.metso.com For further information, please contact: Aleksanteri Lebedeff, Senior Vice President, General Counsel, Metso Corporation, tel. +358 204 84 3240 Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 204 84 3253


 

(IFN) Icelands Central Bank Thursday raised its key interest rate by 25 basis points to 14.25%.It also said it will raise the Central Banks other interest rates by 25 basis points.The central bank last raised interest rates Sept. 14 when the key policy rate was increased 50 basis points.


 

Helsinki (IFN) A consortium of investors, including Icelandic property company Samson Properties, has agreed to acquire a real estate portofolio from Finnish venture capital firm CapMan worth EUR377.5 million, the vendor said on Wednesday.


 

Nordic Business Report-December 21, 2006-Samson Properties in EUR378m property deal in Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com A consortium of investors, including Icelandic property company Samson Properties, has agreed to acquire a real estate portfolio from Finnish venture capital firm CapMan worth EUR377.5m, the vendor said on Wednesday (20 December). CapMan said it would book a gain of EUR13.5m in its 2007 results from a real estate portfolio sold by one of its funds. CapMan Real Estate I sold its portfolio of 22 commercial properties for EUR377.5m to real estate firm Samson Properties, The Royal Bank of Scotland and Finnish investment firm Ajanta, the company said in a statement. Samson Properties is owned by Landsbanki chairman Bjorgolfur Gudmundsson and his billionaire son, Bjorgolfur Thor Bjorgolfsson, who controls London-based investment fund Novator. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

For the purposes of the transitional provisions of the Financial Services Authority's Disclosure and Transparency Rules, the total number of ordinary shares of 1p of Centrom Group plc in issue as at the date of this notice is 208,783,400 with each share carrying the right to one vote. There are no shares held in treasury. The total number of voting rights in Centrom Group plc is therefore 208,783,400. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Centrom Group plc, under the Disclosure and Transparency Rules. 21 December 2006 ---END OF MESSAGE---


 

(IFN) After this years high drama in the ISK, expect the currency to weaken a further 10-15% in the first half of 2007, says Calyon.


 

US SUMMARY: Stocks Ease Lower On Profit-Taking DJIA 12463.67 loss 7.45 dn 0.06% NASDAQ 2427.61 loss 1.94 dn 0.08% S&P 500 1423.53 loss 2.02 dn 0.14% Dow Future 12546.00 gain 2.00 0.0% NASDAQ Future 1798.75 gain 1.00 up 0.1% S&P Future 1435.00 loss 0.25 0.0% Euro-USD 1.3190 gain 0.0017 up 0.1% 10-Yr US Treasury: 4.60% unchanged (Futures values, Treasury, EUR/USD Data as of 0550 GMT) Wall Street finished slightly lower Wednesday after earlier rising to record intraday highs, as investors locked in profits ahead of the festive break. The dollar and oil rose, while Treasurys held flat. STOCKS: Investors viewed a strong report from automobile dealership chain CarMax as a boost to the auto industry. However, transports were lower after FedEx forecast third-quarter earnings that trailed Wall Street projections. "We view this as an interesting market - one that is clearly liquidity driven versus fundamentally driven," said David Iben, chief investment officer of Tradewinds, an affiliate of Nuveen Investments. Bill Strazzullo, partner and chief market strategist at Bell Curve Trading, said the S&Ps slight weakness may be technical. He sees the indexs top at 1,450, and believes investors are pulling money back to lock in profits. "There has been a lot of performance-chasing going on as the year comes to an end," he said. "This hasnt been the greatest fundamental or technical backdrop, but the market keeps pushing up because investors cant afford to miss any more." Real-estate investment trust Taubman Centers predicted its 2006 funds from operations, a closely watched metric in the real estate industry, will top Wall Streets forecasts. FOREX: The dollar, which is trading lower in Europe, rose modestly Wednesday after the euro failed to push higher than $1.3250 on remarks by European Central Bank President Jean-Claude Trichet that inflation risks in the euro zone remain high. The market has already priced in at least one ECB rate hike during 2007. "There was no economic data to possibly keep the euros upward momentum going, so investors began taking profits," said Daragh Maher, currency strategist at Calyon Corporate and Investments. BONDS: U.S. Treasury prices held little changed, with investors largely pacing the sidelines on a day bereft of economic news. "We seem to have found ourselves in a pretty narrow range" in recent days "even though weve had some big numbers of late," said Rick Klingman, head of Treasurys trading at ABN Amro in New York. "I dont know if were going to break out of this before the holidays," Klingman said. Klingman noted that the 10-year yield had stayed in a 4.55%-4.61% range of late, despite strong recent retail sales data and some volatile inflation readings. Underlying the markets calm is the conviction among investors that the Federal Reserve "is not going to do anything for a while," he said. T.J. Marta, fixed-income strategist at RBC Capital Markets in New York, said that with virtually no data or remarks from Federal Reserve speakers Wednesday to inspire fixed-income investors, investors have been left to eye Fridays price index for personal consumption expenditures - or PCE. The core PCE index is one of the Feds favored inflation gauges. "PCE will be the big one of the week," Marta said, "and might provide a little bit of volatility." Also on the horizon for investors is Thursdays business conditions index from the Fed Bank of Philadelphia, which has been quite volatile of late. Economists expect the index to lift to 7.0 from 5.1 in November. There also is to be a speech from Richmond Fed President Jeffrey Lacker, the lone dissenter on the FOMC. Lacker has called for rate hikes at the last four meetings, saying he is not convinced that a slowing economy will soon tame inflation. It will be the first public comments from Lacker since the recent CPI and PPI data. OIL: Crude oil futures rose to a three-month settlement high after the U.S. said Wednesday that crude stockpiles fell well below analysts expectations last week. While stocks fell by more than triple analysts forecasts, price gains were tempered by builds in stockpiles of gasoline and distillates, which include heating oil and diesel, and because part of the big crude draw was attributed to fog interrupting shipping in Gulf of Mexico. February light, sweet crude contract on the New York Mercantile Exchange rose 26 cents, or 0.4%, to $63.72 a barrel, the highest settlement for a front-month contract since Sept. 18. Intraday prices rose as high as $64.15, the most since Sept. 19. Brent crude on the ICE futures exchange rose 42 cents to $63.23 a barrel. "This likely will not impact the market for long, as there is a significant backlog of ships awaiting the (Houston shipping) channel opening, and we expect a flood of imports to hit the market over the next two weeks," said Daniel Barcelo, an analyst at Bank of America in New York, in a research note. ASIAN SUMMARY: Japan Higher, Other Stock Markets Weak USD-Yen 118.40 loss 0.03 dn 0.03% AUD-USD 0.7856 loss 0.0001 dn 0.01% Nikkei 225 17066.89 gain 55.85 up 0.3% Hang Seng 19215.95 loss 24.17 dn 0.1% S&P/ASX 200 5561.70 loss 25.20 dn 0.5% Taiwan Index 7620.94 loss 27.41 dn 0.4% S.Korea Kospi 1438.03 loss 4.25 dn 0.3% Spot gold $620.60 loss 0.65 dn 0.1% Brent Crude Oil $62.85 loss 0.26 dn 0.4% JGB 10-year Yield 1.6000% down 0.0100 (All values as of 0550 GMT) STOCKS: With other regional markets mostly lower, Japanese stocks rose Thursday, buoyed especially by foreign buying particularly of steel shares from European accounts. Steels gains came on reports that Nippon Steel was to gain control of Brazils Usiminas by acquiring a majority stake in the steel-makers top shareholder. Kobe Steel was also among gainers. Traders said the steel sector has experienced sharp gains over past month on expectations of global consolidation. Slower imports of crude oil and continued strong exports of automobiles to the U.S. and steel to Asia led to a massive 54% jump in Japans November trade surplus, the government said Thursday, auguring well for the economy. A fall in metal prices pushed resource shares down Thursday weighed on the Australian share market. Rio Tinto and BHP Billiton were down more than 1%. FOREX: The yen traded little changed, with the dollar in a narrow range of around Y118.00 to Y118.60. The notion that the Fed and Bank of Japan may hold rates unchanged for some time is leaving the currency pair at stalemate. The euro continues to gain on the yen, but has resistance at Y156.35. BONDS: Prices of Japans government bonds rose after a successful 2-year JGB auction and on fading worry that the Bank of Japan will launch a rate hike any time soon. OIL: Light, sweet Nymex crude for February delivery fell 46 cents to $63.26 a barrel in Asian electronic trading, as traders took out some profit on the belief that supplies will build up. METALS: Spot gold fell 65 cents at $620.60 Thursday, with silvers weak technicals and oils decline acting as a drag on precious metals. Copper futures were little changed as traders braced for more selling after sector labor agreements eased supply concerns. EUROPEAN OUTLOOK: Stocks Seen Opening Lower Euro-USD 1.3190 gain 0.0017 up 0.1% Stlg-USD 1.9659 gain 0.0011 up 0.06% USD-Franc 1.2164 loss 0.0014 dn 0.1% (All values as of 0550 GMT) European shares are likely to start in decline, while government debt prices are set to rebound with the euro. STOCKS: European markers are headed lower at the open as investors lock in profits ahead of the Christmas holiday. U.K. spreadbettor IG Markets is calling the FTSE down 20 points at 6189, the DAX down 23 at 6564 and the CAC down 21 at 5494. "The markets just tend to walk up on low volume at this time of year as theres nothing to stop them," added Oliver Russ, fund manager at Argonaut Asset Management. In overnight corporate news, Ryanair Holdings said it is immediately withdrawing its offer to buy Aer Lingus after European Union regulators launched a probe into its hostile bid for the Irish carrier. The board of Vodafone is set to meet on Thursday to consider a proposed $13.5 billion-plus offer for Hutchison Essar, the fourth biggest mobile operator in India, in a move likely to spark a bidding war with Reliance Communications, according to The Financial Times. European shares gained on Wednesday, amid takeover activity from Swedish telecom equipment maker Ericsson and steel giant Arcelor-Mittal. FOREX: The euro is trading higher against the dollar, as investors continue to buy dips against the U.S. currency. But the euro has resistance at $1.3250, which if maintained, could trigger a reversal. Support is put at around $1.3140. (MORE TO FOLLOW) Dow Jones Newswires December 21, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 21 Dec 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Stocks To Correct Lower -2- BONDS: Prices of European government bonds are likely to try for a slight bounce to start Thursday. Bonds were mixed Wednesday, with bunds and gilts retreating into range-trading as activity is winding down ahead of Christmas. The Bank of Englands monetary policy committee minutes which came in line with market expectations for an unanimous vote to leave interest rates unchanged at 5%. "The MPC apparently had no clear idea yet whether rates would have to rise further next year," said Bank of America economist Holger Schmieding. He still expects the central bank to keep rates unchanged next year. "However, we admit that theres a substantial risk of another hike in February," he said. The strong rise in Germanys business climate has convinced investors that Europes largest economy will weather next years value-added-tax hike better than expected. This means it will be easier for the ECB to hike interest rates next year. With a number of key economic data still on the agenda Thursday and Friday, the last two trading days ahead of Christmas are likely to become comparatively volatile sessions, especially as volumes are thin, analysts said. The market will keep an eye on preliminary consumer price data from Germany, due for release Thursday and Friday, and personal income and spending numbers from the U.S. which are scheduled for Friday. CALENDAR: Thursday, Dec 21: Italy Retail; Fed Data GMT Expected Previous 0800 GER ECB Governing/Genreal Council meeting 0900 ITA Nov Foreign Trade, Non EU 1.07B 0930 UK 3Q Balance of Payments 0930 UK 3Q National Accounts +0.7% +0.7% +2.7% +2.7% 1000 ITA Oct Retail sales +0.2% +0.1% +1.5% +1.8% 1100 ITA 3Q Construction Sector Production Index 1330 US 3Q GDP, final +2.2% +2.2% 1330 US 3Q Corp Profits, final +4.6% 1330 US Dec 16 Jobless Claims +15K -20K 1400 EU Nov EuroCOIN indicator of euro area economic activity 1500 US Nov Chicago Fed Natl Activity Index -0.31 1500 US Nov Conference Board Leading Econ unch +0.2% Indicators 1500 US Dec 9 DJ-BTMU Business Barometer +0.2% 1530 US Dec 16 US Energy Dept Natural Gas Stocks (in -168 billion cubic feet) 1700 US Dec Philadelphia Fed Business Index 6.0 5.1 1800 US Richmond Fed - Pres Lacker speaks the economic outlook in Charlotte 2130 US Money Supply N/A ITA Dec Consumer Confidence Survey 109.0 109.2 -By Dennis Baker; Dow Jones Newswires; dennis.baker@dowjones.com (MORE TO FOLLOW) Dow Jones Newswires December 21, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 21 Dec 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events Carnival (CCL.LN): 4Q Earnings Note: Credit Suisse ups Carnival (CCL) target to 2,300p from 2,100p. Expects it to report 4Q EPS of 46 cents versus 41c a year ago. Notes the shares recent rally was driven by fuel cost relief. Sees US dollar weakness as a potential slight positive but says net yield driven upside is unlikely currently. Eyes the initial read into wave season in Jan/Feb as the primary fundamental catalyst. Retains neutral recommendation. Persimmon (PSN.LN): Trading Update Note: Persimmons trading update could surprise on Westbury says UBS. Believes Persimmon may raise its 07 target on Westbury. The bank expects sales of 17,000 units at GBP190,200. Overall expects no surprises on trading. Says Persimmon remains one of its favorite stocks in the sector "based on strength of management, land bank and value creation from acquisitions." Reiterates buy rating and 2000p target. OTHER SCHEDULED EVENTS: Asgaard Development (ASGDEV.KO): FY Earnings Close Finsbury EuroTech (CFB.LN): AGM F&C Asset Management (FCAM.LN): Trading Update Hornbach-Baumarkt (HBM.XE): 3Q Earnings JPMorgan Fleming Indian IT (JII.LN): FY Earnings KappAhl Holding (KAHL.SK): 1Q Earnings & AGM Keystone Investment Trust (KIT.LN): AGM Lowland Investment (LWI.LN): AGM Magyar Telekom (MTELEKOM.BU): EGM Norsk Vekst (NOV.OS): EGM Regus Group (RGU.LN): Trading Update Robert Walters (RWA.LN): Trading Update Viking Line (VIK1V.HE): FY Earnings (MORE TO FOLLOW) Dow Jones Newswires December 21, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 21 Dec 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payments & Ex Div Dates Advance UK Trust (ADU.LN): FY 2006 Dividend Payment Date Foreign & Colonial Eurotrust (FCU.LN): FY 2006 Special Dividend Payment Date Frontline (FRO.LN): Q4 2006 Dividend Payment Date Gabriel Holding (GABR.KO): FY 2006 Ex-Dividend Date Man Group (EMG.LN): Interim 2006 Dividend Payment Date PayPoint (PAY.LN): Interim 2006 Dividend Payment Date Rightmove (RMV.LN): Interim 2006 Dividend Payment Date Rotork (ROR.LN): Special Dividend Payment Date (END) Dow Jones Newswires December 21, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.


 

Ratos is to acquire 100% of office chair manufacturers RH Form and RBM. The two companies are estimated to have combined sales in excess of SEK 600 million in 2006. Ratos's investment amounts to almost SEK 190 million. RH Form, which was established in 1975, is today one of Sweden's leading producers of office chairs. The company, with its head office in Nässjö, Sweden, has some 120 employees and 2006 sales are expected to reach SEK 340m. Operating profit (EBITA) is expected to reach SEK 50m. The Danish company RBM, with its head office in Fjerritslev on Jutland, has 150 employees and is expected to report sales of SEK 280m and an operating profit (EBITA) of approximately SEK 21m in the 2006/07 financial year. "We have come to know Ratos during last fall and are looking forward to our future cooperation, says Peter Eklund and Birger T. Larsen, CEO of RH Form and RBM respectively." RH Form produces different types of ergonomic office and work chairs and also offers a range of special chairs. In addition to office chairs, RBM's product range includes chairs for conferences, education and canteens. Both RH Form and RBM design and produce their chairs. Most of the companies' purchases relate to components while the company's factories assemble and to some extent sew covers for the chairs. Ratos CEO Arne Karlsson: "Both RH Form and RBM offer ergonomic, high-quality seating products and we see good opportunities for further growth within this industry with these companies. We are pleased that Ratos has the opportunity to take over as owner of these previously family owned entrepreneurial companies. Both companies already have interesting market positions in Europe and there are opportunities for growth both geographically and through an extended product range." The two companies' home markets account for almost 40% of total sales. Other key markets are the other Nordic countries, the UK and the Netherlands. The European office furniture market has annual sales of approximately SEK 60 billion, of which chairs are estimated to account for approximately one-third. Management in both companies will remain in their present positions and intend to coinvest with Ratos. The transfers are subject to approval from the appropriate authorities. For further information, please contact: Arne Karlsson, CEO Ratos, +46 8 700 17 00 Anna-Karin Celsing, Head of Corporate Communications Ratos, +46 703 99 62 39 Peter Eklund, CEO RH Form, +46 70 28 655 50 Birger T. Larsen, CEO RBM, +45 40 64 21 01 Financial calendar from Ratos: Year-end report 2006 22 February 2007 Annual General Meeting 11 April 2007 Interim report January-March 9 May 2007 Interim report January-June 21 August 2007 Interim report January-September 9 November 2007 Ratos is a listed private equity company. The business concept is to maximise shareholder value over time by investing in, developing and divesting primarily unlisted companies. Ratos thus offers stock market players a unique investment opportunity. The equity of Ratos's investments is approximately SEK 9 billion. Ratos's holdings include Anticimex, Arcus Gruppen, Bisnode, Bluegarden, Camfil, DIAB, GS-Hydro, Haendig, Haglöfs, HL Display, Hägglunds Drives, Inwido, Jøtul, Lindab, Medifiq Healthcare, Superfos and Other holdings.


 

Norwegian Property ASA has signed the final agreement to acquire a portfolio of 11 office properties in Nydalen and two office properties at Økern for NOK 2,199 million from Rasmussengruppen. The following features are among Norwegian Property's reasons for making this investment: * Rents are expected to increase substantially in the Nydalen area in the years to come * Nydalen is one of the most attractive business- and campus areas in Oslo * Nydalen is increasingly an important residential area in Oslo * Expected return on equity for the acquired property portfolio of close to 14 % The property portfolio consists of approximately 116,200 square meters of mainly office premises. The estimated gross rental income for 2007 is approximately NOK 135.2 million. The tenants include Get (former UPC), NetCom, TDC Song and the Norwegian State Educational Loan Fund (Statens Lånekasse) as well as other solid and reputable companies. The four largest tenants account for approximately 55% of the portfolio's total rental income. 94% of the total portfolio is CPI adjusted annually and the average remaining contract duration is around 4.9 years. Around 1,460 parking spaces, both in- and out-door, are included in the acquisition. There is 2.5% vacancy in this property portfolio. The properties were purchased at a net yield of 5.8%. Following the acquisition, Norwegian Property is the 2nd largest property owner in the Nydalen area. Norwegian Property believes that the property portfolio has been purchased at an attractive yield level and with considerable rent level upside potential. The average office rent per square meter in the portfolio is approximately NOK 1,270 and according to reputable property brokers, current market rent level in Nydalen is around NOK 1,470 per square meter. The upside for Norwegian Property is evident due to the fact that 24%* of the lease contracts expire within 3 years and approximately 67%* within 5 years. One of the properties in the portfolio has a development potential of approximately 6,000 square meters where the groundwork already has been carried out . The Nydalen area is one of the most attractive business areas in the city of Oslo. Around 300 companies are located in Nydalen with more than 10,000 employees. In 2005, the Norwegian School of Management (BI), which has approximately 19,000 students moved to Nydalen. The infrastructure in Nydalen has been significantly upgraded during the last few years and now comprises high-ways, trains and also a very efficient subway. Both commercial and residential property prices have been rising rapidly in the area during the past few years. Due to this Norwegian Property expects a positive valuation development for the properties in the purchased portfolio. "This is a great deal for Norwegian Property ASA comprising 13 attractive properties in one of the most promising areas in Oslo. With more than a thousand new residential units to be constructed in the near future and the Norwegian School of Management (BI) as well as all the companies located in Nydalen, this area has a lot of potential for the future. Market reports project the market rent in Nydalen to be at a level of NOK 1,800-1,900 within a few years. This transaction will give the investors a return on equity in line with the company's overall targets.", says CEO Petter Jansen in Norwegian Property. The transaction will be completed in January 2007. See also the attached presentation of the property portfolio. Further information from Petter Jansen, president and CEO, Norwegian Property ASA, tel: +47 9009 8728 Dag Fladby, Chief Investment Officer, Norwegian Property ASA, tel: +47 9089 1935 Norwegian Property in brief - Invests in attractive and centrally-located commercial property in Norway's largest cities. - Today, total investments amount to about NOK 17.2 billion in 55 quality properties. - Total area of about 718,000 square meters provides an estimated annual gross rental income for 2007 of NOK 1,058 millions. - Portfolio contains almost no vacant space and has an average remaining lease term of about 7.1 years. - Listed on the Oslo Stock Exchange in November 2006 under the ticker NPRO. The company has about 1,000 shareholders whereof almost 50% of the shares are controlled by foreign investors. - Additional information about the company is available on www.norwegianproperty.no or www.npro.no * Based on rental income


 

Nordic Business Report-December 21, 2006-Catena AB sells six properties to Kenmore Property Group (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish real estate company Catena AB said on Thursday (21 December) that it has signed a letter of intent to sell six of its properties in Sweden to Kenmore Property Group. The proposed deal covers 35,000 square metres located in Trelleborg, Skara, Skovde, Falkoping, Eskilstuna and Strangnas. The sales price is SEK240m. The transaction reflects Catenas strategy to focus on the main metropolitan regions in the Nordic countries. Catena, headquartered in Gothenburg, Sweden, owns, manages and develops commercial properties. The company was listed on the Nordic Exchange in Stockholm in April 2006. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-European Commission clears MAN AGs proposed merger with Scania (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com German truck maker MAN AG said on Wednesday (20 December) that the European Commission has cleared its proposed acquisition of a majority stake in Swedish truck maker Scania. "This favourable decision on the part of the EU is a decisive signal and a clear endorsement of our project of forging a new European champion through the combination of MAN and Scania," said Hakan Samuelsson, CEO of MAN. "We have the go-ahead from all authorities in the European Unionand its now up to Scanias shareholders. We are confident that the intended combination will materialise," Samuelsson added. MANs takeover bid is resisted by Scania and its largest shareholder Investor, who have characterised it as a hostile takeover attempt. MAN, headquartered in Munich in Germany, manufactures commercial vehicles, engines and engineering equipment. The group has 50,000 employees worldwide, and has annual sales of approximately EUR13bn. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Norwegian IT company Captura ASA acquires Danish mobile data capture and logistics systems provider Quality Barcode Systems (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian IT company Captura ASA said on Thursday (21 December) that it has agreed to acquire Danish company Quality Barcode Systems. The purchase price comprises a fixed payment as well as payments based on future performance, but is capped at DKK12.5m. The consideration will be paid in cash and shares. Quality Barcode Systems, with operations in Copenhagen and Vejle in Denmark, provides mobile data capture and logistics systems, and is expected to achieve a turnover of DKK15m in the financial year ending 30 April 2007. The acquisition gives Captura a foothold in the Danish market, but also strengthens Quality Barcode Systems offering with additional products. Captura, headquartered in Strommen in Norway, is Norways leading supplier of mobile and industrial IT solutions. The company has 100 employees. Captura was listed on the Oslo Stock Exchange earlier this year and is traded under the ticker CAPTU. One British pound (GBP) is worth approximately 11.08 Danish kroner (DKK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Norwegian Property ASA acquires portfolio of 13 office properties from Rasmussengruppen (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian company Norwegian Property ASA said on Thursday (21 December) that it has acquired a portfolio of 13 office properties from Rasmussengruppen in a NOK2,199m deal. The properties, comprising a total of approximately 116,200 square metres, are located in Nydalen (11 properties) and Okern (two properties) in the Oslo region. The portfolio represents a rental income of approximately NOK135.2m. The area has seen rapidly rising property prices during the past years and Norwegian Property said that it expects the development to continue. Norwegian Property, headquartered in Oslo, Norway, invests in commercial property in Norways largest cities. Its current investments amount to some NOK17.2bn. Norwegian Property is listed on the Oslo Stock Exchange and traded under the ticker NPRO. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Norwegian technology company ODIM ASA wins new contracts in North America (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian technology company ODIM ASA said on Thursday (21 December) that its subsidiary ODIM Spectrum Ltd has secured two new contracts in North America. The company received a two-year contract from the US Naval Surface Warfare Center to develop an Organic Reeling Cable Assembly (ORCA) for use on the US Navys new Littoral Combat Ship (LCS) in support of mine countermeasure activities. Valued at USD3.3m the contract includes the production of two prototype systems. ODIM Spectrum also won a CAD2.8m contract for the production of a remote tooling system which will be used to perform automated handling tasks at the Bruce Nuclear Power Plant in Ontario, Canada. ODIM, headquartered in Hareid in Norway, develops advanced automated handling solutions, primarily cable handling systems and winches. ODIM is listed on the Oslo Stock Exchange under the ticker ODIM. One British pound (GBP) is worth approximately 1.91 US dollars (USD). One British pound (GBP) is worth approximately 2.16 Canadian dollars (CAD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Semcon AB divests Danish marine design company Knud E Hansen A/S (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish product design and development company Semcon AB said on Thursday (21 December) that it has agreed to sell its Danish subsidiary Knud E Hansen A/S to Danish technology group ML Group. The sales price is SEK10m. Knud E Hansen designs and constructs passenger ferries, tankers and specialist vessels, and provides vessel inspection and documentation services. The company has 30 employees and reported sales of SEK24.5m in 2005. "For some time we have been looking at the possibility of selling Knud E Hansen A/S, which focuses on the shipping industry, because it doesnt fit into the framework of our future strategies and investments," said Henrik Sund, CEO of Semcon. Semcon, headquartered in Gothenburg in Sweden, develops IT solutions, provides user-friendly technical information and converts ideas into products. The group has 1,700 employees worldwide and reported sales of SEK1.5bn in 2005. Semcon is listed on the Nordic exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Swedish care services provider Attendo Care AB expands with child and family services (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish care services provider Attendo Care AB said on Wednesday (20 December) that it has agreed to acquire child and family support service company Barn & Ungdomsgruppen AB. Barn & Ungdomsgruppen provides support services and operates homes for children, families and abused women, and has 300 employees. The acquisition extends Attendo Cares business within the private social services segment and provides it with additional competence. No financial details were disclosed. Attendo Care, headquartered in Danderyd in Sweden, is a leading provider of care and services to the elderly and disabled. The company has 8,700 employees and operates in Sweden, Norway and Denmark. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 21, 2006-Swedish garden equipment and tools maker Husqvarna AB acquires German company Gardena AG for SEK6.5bn (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish garden equipment and tools maker Husqvarna AB announced on Thursday (21 December) that it has agreed to acquire German company Gardena AG from private equity firm Industri Kapital. The purchase price including debt and pension liabilities amounts to approximately SEK6.5bn. Gardena is a leading European manufacturer of irrigation products, garden tools, garden ponds and pumps, and electric garden products. The company has 2,900 employees and production in Germany and the Czech republic. In the fiscal year ending September 2006 the company reported sales of SEK3,800m. "Gardena has built a very strong brand based on innovative products and best-in-class customer service. The combination of the two companies creates opportunities for growth for both Gardenas and Husqvarnas products," said Bengt Andersson, president and CEO of Husqvarna. "We expect to see a positive trend in demand for irrigation products going forward and we see this product area as a platform for growth," Andersson added. Husqvarna, headquartered in Stockholm in Sweden, is the worlds largest producer of petrol-powered garden equipment, and a world leader in diamond tools and cutting equipment for the construction and stone industries. The group has 11,700 employees and reported net sales of SEK28.8bn in 2005. Husqvarna is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Rotterdam, 21 December 2006 - Rodamco Europe N.V., the largest publicly listed property investment and management company in the retail sector in Europe, announces the divestment of Batavia Stad, the 'Outlet Shopping Center' in Lelystad in the Netherlands, to Bakkenist & Emmens for an amount of approximately ¤38 million. This is slightly below latest book value. The divestment took place at a net initial yield of 5.6%. The sale of Batavia Stad includes 68 retail units with a GLA of approximately 14,700 m2 and adjacent parking space. The transaction is effective per 20 December 2006. The sale is in line with Rodamco Europe's policy of divesting non-core investments and increases Rodamco Europe's focus on high quality retail, primarily dominant shopping centers in key European cities. Batavia Stad outlet center is a specific form of retail which needs a unique management approach and tenants network. COMPANY PROFILE RODAMCO EUROPE N.V. Rodamco Europe with headquarters in Rotterdam, the Netherlands, is both investor and manager of its dominant shopping centers in its home regions The Netherlands & Belgium, the Nordic countries, France, Spain and Central Europe. Top quality shops and shopping centers form 94% of Rodamco Europe's ¤10.0 billion property assets. This makes Rodamco Europe the largest listed property investment and management company in the retail sector in Europe. Rodamco Europe is listed on the Stock Exchanges in Amsterdam, Paris, Frankfurt and Brussels. A Euronext 100 company, Rodamco Europe is included in the Euronext AEX Index (AEX) and in the MSCI World Index. For more information on Rodamco Europe, please visit our website: www.rodamco.com.


 

Gouda, the Netherlands, 21 December 2006 - Imtech (technical services provider in Europe) has obtained mobility contracts valued at around 20 million euro to help speed up considerably the flow of traffic on vital road links in the Netherlands. The projects were acquired by Imtech's Infra division, a specialist in resolving mobility issues by using state-of-the-art technology. After all, technology is becoming more and more important in ensuring safe traffic flows on the busy roads. Imtech has developed itself into an strong player in this area by providing innovative and smart total solutions in such fields as traffic management centres, road traffic monitoring, traffic systems and dynamic public lighting. Imtech has a strong position in the Netherlands when it comes to developing and equipping traffic management centres, including all interconnections with technological solutions in, on and along motorways (such as detection systems, cameras, dynamic route information and slip road filtering). At the start of this year, Imtech secured a ten-year contract for the maintenance of the Oudenrijn Traffic Management Centre (which includes the national Traffic Information Centre) at Nieuwegein. Additionally, Imtech was recently awarded maintenance contracts for the traffic management centres at Rhoon (a ten-year contract, in combination) and Geldrop (a six-year contract). Under a performance-related contract with the Directorate General of Public Works and Water Management (Rijkswaterstaat), Imtech offers a high-level of maintenance and management services at these centres. The Bureau for Traffic Enforcement of the Public Prosecution Service (BVOM, Bureau Verkeershandhaving Openbaar Ministerie) has contracted Imtech to replace and upgrade existing technology for monitoring traffic throughout the Netherlands. This technology identifies the dynamics of traffic flows in the Netherlands with a view to determining traffic and enforcement policies. The Directorate General of Public Works and Water Management has commissioned Imtech to gradually replace and re-install innovative and safe traffic systems over the coming four years around the Haarrijn intersection of the A2 motorway. These include systems for Motor Traffic Management, dynamic route information and slip road filtering. Imtech is also responsible for low-energy dynamic public lighting over a section of 25 km on both sides of the A50 motorway. Depending on the amount and intensity of daylight, motorists will be provided with the required amount of safe lighting. 0-0-0-0-0-0-0-0-0-0 Further information Mark Salomons Company Secretary Telephone: +31 182 54 35 14 E-mail: mark.salomons@imtech.nl www.imtech.nl Profile Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT and mechanical engineering. With more than 15,000 employees, Imtech realizes annual revenues of approximately 2,5 billion euro. Imtech holds strong positions in the buildings, industry, marine, infrastructure and telecoms markets in Belgium, Germany, Luxembourg, the Netherlands, Spain, and the UK and is also active in Eastern Europe. Imtech shares are listed on the Euronext Stock Exchange (Amsterdam), where Imtech is included in the Amsterdam SmallCap Index (AScX) and the Next 150 index.


 

Pleasing business performance in first nine months of 2006/2007 Third quarter sees best sales performance in Germany for ten years / Like-for-like sales growth of more than five percent in Germany and abroad / Growth outperforms overall sector / HORNBACH Group reports nine-month EBIT growth of 39 % Bornheim, December 21, 2006. The HORNBACH Group, one of Europe's largest operators of DIY megastores with garden centers, has witnessed a considerable upturn in demand for construction materials and other products relating to house and garden in the current 2006/2007 financial year. Growth rates clearly within a double-digit percentage range have been reported in some cases, particularly for shell construction and bathroom renovation products. Modern heating technologies and heat insulation projects have also been in great demand. "People have the confidence to try things out once again. They are investing in the future and are no longer shelving urgently necessary renovation work. HORNBACH has a clearer focus on the needs of these project customers than that of almost any other DIY store operator in Europe," commented the Chairman of the Board of Management of HORNBACH HOLDING AG, Albrecht Hornbach. The Group's sales performance gained notably in momentum in the third quarter of the current 2006/2007 financial year (September 1 to November 30, 2006). Sales at the overall HORNBACH HOLDING AG Group rose by 7.3 percent to ¤ 643.8 million (previous year: ¤ 599.9m). Quarterly sales at the largest subgroup, HORNBACH-Baumarkt-AG, which operates 121 DIY megastores with garden centers in eight European countries, climbed by 6.7 percent to ¤ 599.3 million (¤ 561.6m). The 5.2 percent growth in like-for-like sales in Germany is particularly pleasing. The German stores have thus achieved their best third-quarter results for ten years. With growth of 6.1 percent, like-for-like sales at the international stores remained at a consistently high level. Reliable pricing policy honored by customers "The figures we are able to present show that our competence in the compilation of product ranges and the customer service offered by our DIY megastores with garden centers have hit the nerve of DIY customers. I also see this as confirming our fair, transparent and reliable pricing policy. To all appearances, customers seem to have honored the fact that we were early to adopt an unmistakable position in the run-up to the sales tax increase," commented Albrecht Hornbach. "We will simply factor the unadulterated increased tax rate of 19 percent into our price calculations on January 1, 2007". House owners increasingly investing in the future In this respect, the Chairman of the Board of Management of the HORNBACH Group underlined the difficulty of forecasting how consumers would react to the increase in sales tax by three percentage points in a single step at the beginning of the new year. "What is nevertheless of fundamental significance is that consumers are finally looking to the future with confidence. This is proven by the very pleasing level of growth in Germany," stressed Hornbach. House owners were increasingly investing in the renewal of their roofs, heating systems, floors and sanitary installations, which generally required renovation after 20 years. Given that more than 80 percent of owner-occupied houses in Germany were more than 25 years old, there was a significant backlog in this area. Construction activity had also risen considerably once more. This trend had also benefited the HORNBACH Baustoff Union GmbH subgroup, where sales had risen by almost 16 % to ¤ 44.7 million (¤ 38.7m) in the third quarter of 2006/2007 and by 10.9 % to ¤ 127.5 million (¤ 115.0m) in the first nine months. The company boss highlighted the fact that HORNBACH had also grown significantly faster than the overall DIY store sector in the current financial year. "The fact that our concept consistently focuses on the implementation of complete home improvement and garden projects means that we are benefiting disproportionately from the upturn in the overall economy and the construction sector." Major improvement in earnings The earnings of the HORNBACH Group improved substantially in the third quarter. Operating earnings (EBIT) at HORNBACH HOLDING AG rose by 146.0 percent to ¤ 32.6 million (¤ 13.3m). Operating earnings at the largest subgroup, HORNBACH-Baumarkt-AG shot up by 189.5 percent to ¤ 26.6 million (¤ 9.2m). The main reasons for the jump in earnings are the higher level of like-for-like sales, a slight year-on-year increase in the gross margin, improved cost ratios and lower pre-opening expenses. Considerable sales and earnings growth has also been reported on a cumulative basis for the first nine months of the financial year. In the period from March to November 2006, the overall HORNBACH HOLDING AG Group achieved sales growth of 6.9 percent to ¤ 2.023 billion (¤ 1.892bn) and EBIT growth of 39.0 percent to ¤ 132.4 million (¤ 95.3m). The largest subgroup, HORNBACH-Baumarkt-AG, increased its sales by 6.6 percent to ¤ 1.897 billion (¤ 1.779bn) and its EBIT by 53.2 percent to ¤ 114.5 million (¤ 74.8m). In view of possible fluctuations in weather conditions and the fact that the higher sales tax of 19 percent is due to take effect on January 1, 2007, the Boards of Management are upholding their previous forecast for the overall financial year. Accordingly, in spite of the lack of any new store openings the HORNBACH Group expects sales to rise in a medium single-digit percentage range, while earnings are set to rise as a proportion of sales. The most important key figures can be found on the following tables. The extensive interim reports of HORNBACH HOLDING AG and HORNBACH-Baumarkt-AG have been published in the Investor Relations section of the internet pages of the HORNBACH Group at www.hornbach-group.com. Overview of Key Figures HORNBACH HOLDING AG Group: 3rd Quarter HORNBACH HOLDING AG Group 3rd Quarter 3rd Quarter Change (in ¤ million, unless otherwise 2006/2007 2005/2006 in % stated) Net sales 643.8 599.9 7.3 of which in other European countries 214.7 200.2 7.2 Gross margin (as % of net sales) 34.7% 33.8% EBITDA 50.8 33.9 50.0 Earnings before interest and taxes (EBIT) 32.6 13.3 146.0 Consolidated earnings before taxes 23.7 5.0 369.7 Consolidated net income* 16.0 0.5 - Undiluted earnings per preference share (¤) 1.64 0.10 - * pursuant to IFRS including minority interests. HORNBACH HOLDING AG Group: First Nine Months HORNBACH HOLDING AG Group Nine Months Nine Months Change (in ¤ million, unless otherwise 2006/2007 2005/2006 in % stated) Net sales 2,023.4 1,892.0 6.9 of which in other European countries 682.3 627.9 8.7 Gross margin (as % of net sales) 35.0% 34.4% EBITDA 189.6 152.0 24.7 Earnings before interest and taxes (EBIT) 132.4 95.3 39.0 Consolidated earnings before taxes 104.8 66.0 58.8 Consolidated net income* 69.8 40.9 70.6 Undiluted earnings per preference share (¤) 7.04 4.27 64.9 No. of employees at the HORNBACH Group 12,168 12,090 0.6 Investments 84.4 170.9 -50.6 Total assets 1,827.9 1,835.6 -0.4 Shareholders' equity 621.9 566.4 9.8 Shareholders' equity as % of total assets 34.0% 30.9% * pursuant to IFRS including minority interests. HORNBACH-Baumarkt-AG Subgroup: 3rd Quarter HORNBACH-Baumarkt-AG Subgroup 3rd Quarter 3rd Quarter Change (in ¤ million, unless otherwise 2006/2007 2005/2006 in % stated) Net sales 599.3 561.6 6.7 of which in other European countries 214.7 200.2 7.2 Like-for-like sales growth 5.5% 1.8% Gross margin (as % of net sales) 35.5% 34.3% EBITDA 41.8 26.5 57.8 Earnings before interest and taxes (EBIT) 26.6 9.2 189.5 Consolidated earnings before taxes 20.7 4.0 419.6 Consolidated net income 14.8 0.9 - Undiluted earnings per share (¤) 0.96 0.06 - HORNBACH-Baumarkt-AG Subgroup: First Nine Months HORNBACH-Baumarkt-AG Subgroup Nine Months Nine Months Change (in ¤ million, unless otherwise 2006/2007 2005/2006 in % stated) Net sales 1,897.1 1,779.1 6.6 of which in other European countries 682.3 627.9 8.7 Like-for-like sales growth 2.9% 1.1% Gross margin (as % of net sales) 35.7% 34.9% EBITDA 161.3 122.1 32.1 Earnings before interest and taxes (EBIT) 114.5 74.8 53.2 Consolidated earnings before taxes 96.5 54.9 75.9 Consolidated net income 65.2 34.3 90.2 Undiluted earnings per share (¤) 4.26 2.26 88.5 No. of employees 11,579 11,473 0.9 Investments 61.5 123.7 -50.3 Total assets 1,320.6 1,331.2 -0.8 Shareholders' equity 474.1 423.2 12.0 Shareholders' equity as % of total assets 35.9% 31.8% No. of stores 121 123 -1.6 Sales area as per BHB (in 000 m²) 1,315 1,305 0.8 Average store size (in m²) 10,868 10,608 2.5 Rounding differences may arise in totals and percentages. About HORNBACH The HORNBACH Group is one of Europe's largest operators of DIY megastores with garden centers. In addition to the largest operating subgroup, HORNBACH-Baumarkt-AG (DIY megastores with garden centers), the overall HORNBACH HOLDING AG Group also comprises the subgroups of HORNBACH Baustoff Union GmbH (regional builders' merchant and construction materials business) and HORNBACH Immobilien AG (real estate and location development). The HORNBACH DIY megastores with garden centers have an average size of almost 11,000 square meters, a figure unmatched by any competitor in Germany and Europe. Founded in 1877, the family-run company, which has its roots in the Palatinate region, was first publicly listed in 1987. HORNBACH currently operates 121 DIY megastores with garden centers in eight countries, of which 89 are in Germany. Its sales concept and product range are entirely tailored to the needs of project and professional customers. HORNBACH guarantees its customers permanently low prices and is thus the price leader in the sector. The high quality of advice and excellent service provided by the company have been attested in numerous independent tests and studies. Pioneering achievements, such as the first DIY store combined with a garden center (1968), the first megastore (1980) and the first DIY store with a drive-in facility (2003) provide proof of HORNBACH's ongoing innovative power. Since 2001, a strategic partnership has been in place with the British retail group Kingfisher. HORNBACH has acted as a "job machine" for decades, with more than 12,000 employees now participating in the success of the company. --- End of Message --- WKN: 608343; ISIN: DE0006083439 ; Index: CDAX, Prime All Share, SDAX; Listed: Prime Standard in Frankfurter Wertpapierbörse, Amtlicher Markt in Frankfurter Wertpapierbörse;


 

As of April 2, 2007, the 25 companies listed on the Nordic Exchange in Iceland will be part of the common Nordic presentation of Swedish, Finnish and Danish listed companies and the OMX Nordic index family. In addition, the Icelandic companies will be subject to the harmonized Nordic listing requirements. The Nordic Exchange in Iceland will be part of the OMX Nordic index family, covering among other All-share, segment and sector indexes. The All-Share index reflects the development of the Nordic market, the segment indexes give the same information for the large-cap, mid-cap and small-cap segments, while the sector indexes provide investors with tools to compare industries across different countries in the Nordic region. "The inclusion of Icelandic companies in OMX joint presentation of Swedish, Finnish and Danish companies gives investors more to choose from. By focusing on industry sectors we make it easier to compare companies in the same industry across the region. By being part of the OMX Nordic Exchange, Icelandic companies will benefit from increased visibility and good benchmark possibilities. Furthermore, by adapting the listing requirements to the Nordic standard, we increase market harmonization", said Thordur Fridjonsson, President of the Nordic Exchange in Iceland. The OMX Nordic 40 index, based on the 40 most actively traded companies on the Nordic Exchange, is reviewed bi-annually. The next selection for the index, when Icelandic companies will be eligible for inclusion, will be effective on July 3, 2007. Calculation of local Icelandic indexes will be continued. The names of the local indexes will be harmonized with the OMX Nordic index name standard. ICEX-15 will for example be renamed OMXI15, where the I stands for Iceland and 15 for the number of companies included in the index. For more information, please contact Helga Bjork Eiriksdottir, Head of Marketing and Communications Tel: +354 525 2844, +354 894 8888.


 

TORONTO, ONTARIO -- (MARKET WIRE) -- 12/20/06 -- Sky Work Airlines of Bern, Switzerland has placed a firm order for one Bombardier Q400 turboprop airliner, Bombardier Aerospace announced today. The value of the order based on the Q400 aircraft list price is approximately $25.6 million US. "We selected the Bombardier Q400 to provide increased capacity because of its extremely low operating costs, remarkable 360 knot (667 km/h) speed, good runaway performances and outstanding passenger comfort," said Alex Gribi, President, Sky Work Airlines. "The Q400 turboprop continues to attract new customers and to set the standard for regional air transport," said Steven Ridolfi, President, Bombardier Regional Aircraft. "I thank Sky Work Airlines for its confidence in Bombardier and the Q400 aircraft. The Sky Work Group operates several business jets and Sky Work Airlines currently operates a Fairchild-Dornier 328 aircraft and flies scheduled and charter routes to several points in Europe. Sky Work Airlines is the ninth European operator for the Q400 aircraft and joins Augsburg Airlines of Germany, Austrian arrows, FlyBE of the United Kingdom, Luxair of Luxemburg, SAS of Sweden, M1 Travel/Flybaboo of Switzerland, Securite Civile of France and Wideroe of Norway. Those carriers are operating or have on firm order, 95 Bombardier Q400 aircraft. About Bombardier A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2006, were $14.7 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com. Bombardier and Q400 are trademarks of Bombardier Inc. or its subsidiaries. Notes to Editors An image of a Sky Work Q400 aircraft will be available in our Multimedia Library at: www.aero.bombardier.com/htmen/F15.jsp Contacts: Bombardier Aerospace Marc Holloran 416-375-3030 www.bombardier.com


 

Glitnir Bank has signed ISK 100 billion covered bond programme. The underlying assets are the Bank's mortgage loans in Iceland. The programme was arranged by Deutsche Bank. Bonds that will be issued off the programme will be rated Aaa by Moody's Investors Service, which is the the highest possible rating. Glitnir has also signed an agreement with Citigroup under which Citigroup undertakes to buy Glitnir's covered bonds for up to ¤550 million over the next five years. This secures for Glitnir additional liquidity for that amount. The terms are undisclosed but they are more advantageous than the Bank has enjoyed recently due to the secured nature of the transaction. Glitnir will not be obliged to sell the covered bonds to Citigroup, i.e. it will be able to make use of any more attractive opportunities that may arise in the future. Ingvar H. Ragnarsson, Executive Director of International Funding, underlines the importance both of the programme and the purchase agreement. "The agreement with Citigroup boosts the Bank's liquidity even further. The Bank has always put great emphasis on having access to various funding sources. The new covered bond programme is the latest development in this continuing effort. The programme gives flexibility to issue bonds when appropriate for the Bank and when market conditions are attractive." Total funding close to ¤ 5 billion In spite of abnormal trading conditions for much of the year, the Bank's funding operations have had a successful 2006. Total funding of the parent company amounts to close to ¤5 billion this year. The funding operations got off to a good start and the Bank had raised ¤1.4 billion when the first allegations of weakness in Iceland's banking sector were made. This lead to increased funding costs which peaked in the second quarter. During this period the Bank kept a low profile in the market but in the latter part of the year the Bank focused on strengthening the Bank's capital ratios and liquidity. The fourth quarter 2006 saw funding costs lowering again with ¤1.6 billion raised in that quarter. In March this year, Glitnir became the first Icelandic bank to receive a credit rating from Standard & Poor's and with that became a solid single-A rated bank by all the major rating agencies. For further information, please contact: Ingvar H. Ragnarsson, Executive Director of International Funding, phone +354 844 4665, e-mail ingvar.ragnarsson@glitnir.is Vala Pálsdóttir, Head of Investor Relations, +354 844 4989, e-mail vala.palsdottir@glitnir.is.


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | Unicorn Asset Management | | | Ltd | |----------------------------------------+--------------------------| | Company dealt in | Talarius plc | |----------------------------------------+--------------------------| | Class of relevant security to which | 10p Ordinary Shares | | the dealings being disclosed relate | | | (Note 2) | | |----------------------------------------+--------------------------| | Date of dealing | 19/12/2006 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +-------------------------------------------------------------------------------------------+ | | Long | Short | | | | | |---------------+--------------------------+------------------------------------------------| | |Number |Number | | | (%) | (%) | |---------------+--------------------------+------------------------------------------------| |(1) Relevant |3,546,000 (8.08%) | | |securities | | | | | | | |---------------+--------------------------+------------------------------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+--------------------------+------------------------------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+--------------------------+------------------------------------------------| |Total |3,546,000 (8.08%) | | | | | | +-------------------------------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +--------------------------------------------------------------------------+ |Class of | Long | Short | |relevant | | | |security: | | | | | | | |---------------+----------------------------+-----------------------------| | |Number |Number | | | (%) | (%) | |---------------+----------------------------+-----------------------------| |(1) Relevant | | | |securities | | | | | | | |---------------+----------------------------+-----------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+----------------------------+-----------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+----------------------------+-----------------------------| |Total | | | | | | | +--------------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | Purchase | 100 | 285.5p | | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short (Note | Number of securities | Price per | | name, | 6) | (Note 7) | unit (Note | | e.g. CFD | | | 5) | |----------+------------------+------------------------+------------| | | | | | | | | | | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 20/12/2006 | |---------------------------------------------------+---------------| | Contact name | Sam Barton | |---------------------------------------------------+---------------| | Telephone number | 020 7253 0889 | |---------------------------------------------------+---------------| | If a connected EFM, name of offeree/offeror with | | | which connected | | |---------------------------------------------------+---------------| | If a connected EFM, state nature of connection | | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Impax Environmental Markets plc announces that as at the close of business on 19 December 2006 its undiluted net asset value ("NAV") per ordinary share was 110.24p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 108.96p. The investments in the above portfolio have been valued at bid prices. ---END OF MESSAGE---


 

Quadnetics Group PLC TOTAL VOTING RIGHTS AND CAPITAL In conformity with the Transparency Directive's transitional provision 6, Quadnetics Group plc (the "Company") would like to notify the market that the capital of the Company consists of 16,327,890 ordinary shares with a nominal value of 20p each, with voting rights. The Company does not hold any ordinary shares in Treasury. Therefore, the total number of voting rights in the Company is 16,327,890 (the "Figure"). The Figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules. For further enquiries please contact: Simon Crooks Tel 01527 850080 Ends ---END OF MESSAGE---


 

Vancouver, December 20, 2006 - Global Developments, Inc. (PINKSHEETS: GBDP), a publicly traded venture capital company, is pleased to provide the following update with respect to Red Truck Entertainment, a Phoenix and Nashville based recording, film, and distribution company in which Global holds an equity stake. Red Truck Entertainment has launched a nationwide 94 theater run of its new music video "Walmart Girls", a single from Red Truck Entertainment's upcoming release of country recording artist Danny Griego's "Destinations". In each theater, the entire music video is played immediately prior to a feature film, and provides viewers with information about where they can download the entire album. The 94 theaters represent a total of 1,088 screens. The music video is played immediately before showing each screen's feature movie. About Red Truck Entertainment Red Truck Entertainment, through its subsidiaries, Lard Bucket Music, Red Truck Filmworks, and Americana Records, is engaged in the business of song and film publishing, recording and distribution. Red Truck is a vertically integrated company that wholly owns or partially owns subsidiaries that are engaged in the business of book and song publishing, music recording and film production. The company publishes and develops works by new and established writers, as well as music recording artists. About Global Developments Global Developments, Inc. is a publicly traded venture capital company. It was formed to create a unique investment vehicle representing a growing portfolio of innovative and emerging growth-oriented companies. Global acquires its portfolio companies either as wholly or partially owned subsidiaries, or as an investment where Global is the lead investor. As a result, Global maintains substantial management and operational control, thereby giving it the ability to provide significant oversight and guidance in building value and creating liquidity events for its shareholders. Global invests in companies with solid management, operational excellence, and the potential to grow substantial revenue streams. Please visit http://www.globaldevelopmentsinc.com for more information. Forward-Looking Statements You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as ``will,'' ``anticipates,'' ``believes,'' ``plans,'' ``goal,'' ``expects,'' ``future,'' ``intends,'' and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Global Developments, Inc. please refer to its Web site at http://www.globaldevelopmentsinc.com. Contact: Global Developments, Inc. Leighton Dean (604) 685-7552 ldean@globaldevelopmentsinc.com Source: GLOBAL DEVELOPMENTS, INC.


 

Reykjavik (IFN) Norwegian plastic products developer and manufacturer Polimoon ASA announced on Wednesday  that it has bought out its Slovakian partner Sluzba, taking full ownership of a joint venture factory in Nitra, Slovakia.


 

- 35 percent increase in as reported applications new software licence revenues - GENEVA, SWITZERLAND, December 20, 2006: Oracle Corporation (NASDAQ GS: ORCL) today reported notable key customer wins within the Europe, Middle East & Africa (EMEA) region during the second quarter of fiscal year 2007. Customers are endorsing Oracle's strategy to offer a broad portfolio of innovative, open-standards software, to enable them to make better decisions, to become more competitive, and to lower costs and increase performance. During the period, Oracle reported a 35 percent increase in as reported applications revenues in the region over the same period last year. "We see sustained demand across our product offerings including those from acquisitions, and are winning new customers against our competitors," said Sergio Giacoletto, Executive Vice President, Oracle Europe, Middle East and Africa. "Our technology products and our applications, both horizontal and industry-specific solutions such as retail, healthcare and manufacturing, are forming the strategic business-critical foundation for our customers' success and future growth." Customer wins this quarter include large enterprise customers such as banks and telecommunications companies who are deploying Oracle® Database 10g, Oracle Fusion Middleware and Oracle SOA Suite as their strategic global architectural platform; public services where transparency and cost-efficiency are priorities; and smaller businesses who need affordable applications such as Oracle JD Edwards EnterpriseOne that will grow with their businesses. Customer solutions range from real-time high volume transaction processing using Oracle Times Ten In-Memory Database, Schengen information systems, RFID logistics checking systems, disaster recovery systems, compliance, fraud prevention, complex asset management, and the delivery of shared services. Standardisation, consolidation and centralisation of disparate systems remain key trends. Customers endorse Oracle products and services As a driving force in one of the world's most dynamic telecommunications markets, Etisalat, the UAE's leading telecommunications provider, is maximizing human capital - one of the company's most critical assets. To achieve this, Etisalat has deployed the Oracle's Human Resources Management System (HRMS) to complement the company's existing Oracle Financials, Supply Chain, Logistics and Contracts modules of the Oracle E-Business Suite software. "Our people are the backbone of Etisalat's strength, and they constitute a strategic investment in the long-term growth of the company," commented Abdul Azuiz Al Sawaleh, Chief Human Resources Officer, "Enabling us to implement world-class Shared Services Systems, linked with compensation schemes, training, analytics and other human resource-linked activities, the Oracle HRMS solution integrated with Oracle E-Business Suite will deliver speedy returns to our HR team as well as senior management." In the UK, the Department for Environment, Food and Rural Affairs (DEFRA) is live on the first stage of their Shared Services roll-out. "DEFRA is a sophisticated and experienced user of the Oracle E-Business Suite," said Roger Atkinson, Chief Operating Officer, DEFRA Shared Services Organisation. "Our latest purchase allows us to build on our establishment of our in-house Shared Services provider and to start delivering the benefits of standards-based, world class business applications to organisations both within the DEFRA family and potentially in the broader base of the UK Government." The National Bank of Kuwait (NBK) has selected Oracle Database 10g and Oracle Fusion Middleware to streamline operations and minimise efficiency. "In order to operate with maximum efficiency, a financial institution at the size and focus of NBK needs to have the best business processes in place," said Dr. Fadi Chehayeb, CIO at NBK. "During the selection process, it became increasingly obvious that Oracle E-Business Suite, with its comprehensive range of modules specifically adapted for the banking industry, was difficult to match." Industry Awards and Recognition in EMEA during the first half of Fiscal Year 2007 Oracle's products, services and excellence as an IT company received positive endorsement during the second half of fiscal 2006 in a number of honours, and awards, for example: * Best Business Software Company - First Place (Middle East Arab Technology Award) - Oracle Corporation Middle East * Company of the Year (Scottish Business in The Community) - Oracle Scotland * Database Product of the Year 2006 (Databazovy svet ) - Oracle Database 10g R2 Enterprise Edition * Top 10 best places to work in 2006 (Great Place to Work® Institute Danmark in cooperation with business weekly Berlingskes Nyhedsmagasin) - Oracle Denmark Key Industry Sectors Selecting Oracle Offerings during the Second Quarter Fiscal 2007 Many organisations in EMEA adopted or expanded implementations of Oracle Database, Oracle Fusion Middleware, Oracle Grid technologies and Oracle Applications, including Oracle E-Business Suite, PeopleSoft Enterprise, Siebel CRM, JD Edwards EnterpriseOne and JD Edwards World in the second quarter of fiscal 2007 across a wide range of industries. Customers include: Public Services CIRB (Belgium); Mechanical and Electrical Department - Ministry of Water Resources and Irrigation (Egypt); Ministry of Communication and Information Technology - Land Registration (Egypt); Ministry of Finance (Greece); Central Data Processing and Registration Office (Hungary); National Development Agency (Hungary); National Communications Authority (Hungary); City of The Hague (Netherlands); Ministry of Finance (Poland); Correios de Portugal - state postal service (Portugal); Ministry of European Integration (Romania); Ministry of Internal Affairs (Russia); Ministry of Foreign Affairs (Saudi Arabia); Turkish Navy (Turkey); Ministry of Family Youth and Sport of Ukraine; Department for Environment, Food and Rural Affairs (UK) Financial Services Drei Banken EDV GmbH (Austria); ecetra Internet Services AG (Austria); Raiffeisen International Bank Holding (Austria); Erste Bank der österreichischen Sparkassen AG (Austria); Cetrel (Belgium); Hrvatska postanska banka d.d. Zagreb (Croatia); Central Bank Of Egypt - CBE (Egypt); Banque Misr (Egypt); GaVi GmbH (Germany); Bank of Attica (Greece); BPU (Italy); Banca Intesa (Italy); Capitalia (Italy); National Bank of Kuwait; Bank Aljazira (Saudi Arabia); Jadwa Investment (Saudi Arabia), Pelayo (Spain); La Caixa (Spain); National Bank of Fujairah (United Arab Emirates) Telecommunications Telecom Egypt; Deutsche Telekom (Germany); Kabel Deutschland (Germany); Lannet (Greece); OTE Hellenic Telecommunications (Greece); ON Telecomms S.A. (Greece); KPN (Netherlands); TP SA (Poland); Dialog (Poland); VimpelCom (Russia); Mobile Telesystems (Russia); Turkcell (Turkey); Ukraine Mobile Communications (Ukraine); Etisalat UAE (United Arab Emirates); Ericsson/Etisalat Misr (United Arab Emirates) Manufacturing, Transportation, Automotive & Logistics NMBS (Belgium); Vaisala Oyj High Tech (Finland); CMA CGM (France); Lafarge (France); Schenker (Germany); Softlab (Germany): Mazzucchelli 1849 SPA (Italy); Rolfo SPA (Italy); Daimler Chrysler Customer Assistance Centre NV (Netherlands); Grontmij (Netherlands); Abdul Latif Jameel (Saudi) Retail Prenatal (Netherlands); Ruch SA (Poland); Consum (Spain); Teknosa (Turkey) Other Industries Education and Professional Services: Vedior (France); Professionecasa SPA (Italy); Gabetti Property Solutions SPA (Italy); Fundeon (Netherlands); Haagse Hogeschool (Netherlands), UTI Grup (Romania); Utilities: CEZ Bulgaria (Bulgaria); Hrvatska elektroprivreda d.d.(Croatia); Energa SA (Poland) Healthcare & Pharmaceutical: Boehringer Ingelheim (Germany); Adhesie (Netherlands); Consumer Products: Bakoma (Poland) Media and Entertainment: De Persgroep NV (Belgium); TVP National Television (Poland); Hospitality, Food & Drink: AC Hoteles (Spain); Nueva Rumasa (Spain) ---ends--- About Oracle Oracle (NASDAQ GS: ORCL) is the world's largest enterprise software company. For more information about Oracle, visit our Web site at http://www.oracle.com. # # # Trademarks Oracle, JD Edwards, PeopleSoft, and Siebel are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners. Contacts: Val Russell Oracle Corporation +44 118 924 4704


 

Microsoft hefur nú markaðssetningu viðskiptahugbúnaðarins Microsoft C5, sem ætlaður er smærri fyrirtækjum, að því er fram kemur í tilkynningu. Þar segir að hann bjóði einnig upp á mikla möguleika fyrir fyrirtæki í örum vexti, því C5 getur vaxið með fyrirtækinu. Microsoft C5 hefur verið á markaði í Danmörku í 14 ár og notið vinsælda, segir í tilkynningunni, en síðan Microsoft C5 kom á markað þar í landi hafa um 70 þúsund eintök selst. Er Microsoft C5 þar með langsöluhæsti viðskiptahugbúnaður Danmerkur. Hugbúnaðurinn er ætlaður fyrir smærri fyrirtæki sem ekki hentar að fjárfesta í umfangsmeiri hugbúnaði á borð við Microsoft Dynamics Nav og Microsoft Dynamics Ax (áður þekkt sem Navision og Axapta) sem er frekar ætlaður stórum og millistórum fyrirtækjum. Microsoft C5 er sveigjanlegur hugbúnaður sem veitir yfirsýn yfir rekstur fyrirtækisins en í grunnútgáfu hugbúnaðarins má finna meðal annars bókhaldskerfi, sölukerfi og innkaupakerfi. Ef þörf krefur má síðan bæta við frekari kerfiseiningum og virkni. Microsoft C5 verður seldur í verslunum sem hafa aðgang að smásöluneti Hátækni, sem er dreifingaraðili hugbúnaðarins. Þjónustuaðilar verða Skýrr og Þekking.


 

Rotterdam, 20 December 2006 PRESS RELEASE Frank Kusse Joins Robeco's Management Board Frank Kusse will be appointed to the Robeco Management Board as of 10 January 2007 as International Director. In this capacity, he will be responsible for the management of a major part of Robeco's current international activities. In addition, he will be in charge of Robeco's further international expansion and he will head up Robeco's Financial Service Center in Rotterdam. His appointment is subject to the approval of the relevant regulators. Frank Kusse worked at ABN AMRO Asset Management for over 19 years. His most recent position was that of Managing Director Global Retail where he was responsible -besides the global retail business - for the activities in Brazil and Italy. From 1999 through 2004, as CEO of ABN AMRO Asset Management Asia Pacific in Hong Kong, he led the company's expansion in Asia. George Möller: "Robeco has far-reaching international ambitions. We wish to further expand our current activities in the US, Europe, and the Middle and Far East, both in terms of product distribution and asset management. We are also prepared to make acquisitions to further strengthen our position as an international asset manager. Frank Kusse's extensive international experience and his specific knowledge of asset management will, therefore, be of great value to us." Frank Kusse: "Robeco is a highly respected asset-management company with great growth potential, particularly on an international level. It will be an enormous challenge to help Robeco to further shape its ambitions in this area." About Robeco Robeco provides discretionary asset-management products and services, as well as a complete range of mutual funds to a large number of institutional and retail clients worldwide. Robeco's product range encompasses fixed-income and equity investments, as well as balanced accounts, money-market funds and alternative investments. Robeco distributes its funds for the retail market directly, and through other financial institutions. Several of its mutual funds, including the flagship Robeco N.V., are listed on major European stock exchanges such as Amsterdam, Paris, Frankfurt and London. Robeco services its clients not only from its head office in Rotterdam but also from its European offices in Belgium, France, Germany, Spain and Switzerland. In the United States, Robeco has offices in New York (NY), Boston (MA), Greenbrae (CA), San Francisco (CA), Los Angeles (CA) and Toledo (Harbor Capital Advisors). Robeco also has an office in Bahrain and an office in Japan. Robeco is the center for asset management within the Rabobank Group and has full operational independence. The combination of the highest credit ratings from the major international rating agencies and the highest Sustainability Cluster Score within the banking sector reflects the high added value Rabobank has always offered its investors, members, clients and employees. Ronald Florisson, Robeco Corporate Communications Office: +31 - 10 - 224 28 10 Mobile: +31 - 653 - 831 586 E-mail: ronald.florisson@robeco.com


 

BIOTIE THERAPIES CORP. STOCK EXCHANGE RELEASE 20 December 2006 at 5.15 p.m. In addition to the share subscriptions in the Institutional offering approved on November 30, 2006, the Board of Directors of Biotie Therapies Corp. has today approved the share subscriptions made in the Shareholder Offering during the subscription period of 4 December 2006 - 15 December 2006 for the aggregate of 11,365,242 shares. The aggregate of 11,365,242 shares were subscribed for in the Shareholder Offering. The subscription price was EUR 0.51 per share. The aggregate subscription price for the subscribed shares is EUR 5,796,273.42. All the shares subscribed for in the Shareholder Offering have been paid in full. The subscription price of the shares will be recognised in its entirety in the share capital of the company. The new shares will be registered on the book-entry accounts of the subscribers after the increase of the share capital corresponding to the new shares has been registered with the Finnish Trade Register on 27 December 2006. As a result of the registration of the increase of the share capital, the company's share capital will amount to EUR 19,849,778.31 and the number of shares to 89,530,660 accordingly. The new shares shall be subject to public trading on the stock list of the Helsinki Stock Exchange together with the old shares as of 28 December 2006. The Board of Directors of the company has decided that the shares remaining unsubscribed for in the share issue, i.e. 3,350,757 shares, will not be offered to a third party for subscription. The aggregate of 36,855,439 shares were subscribed for in the Institutional Offering and the Shareholder Offering. The aggregate subscription price for the subscribed shares and the corresponding increase of the share capital is EUR 18,796,273.89. Turku, on 20 December 2006 Biotie Therapies Corp. Timo Veromaa President and CEO For further information, please contact: Timo Veromaa, President and CEO, Biotie Therapies Corp. tel. +358 2 274 8901, e-mail: timo.veromaa@biotie.com www.biotie.com DISTRIBUTION The Helsinki Stock Exchange Main Media


 

Richard Trevillion, a director of the Company, has notified it he no longer has an interest in 133,000 ordinary shares in which were sold on 18 December 2006 at a price of 1p each. Taking account of the above, Mr Trevillion is interested in 8,696,250 ordinary shares which represent 4.17% of the ordinary shares in issue. ---END OF MESSAGE---


 

Bergman & Beving has concluded an agreement to acquire 100 percent of the shares outstanding in TOOLS Høgsveen Maskin AS (Høgsveen) in Kongsberg. Høgsveen is a supplier of tools, electric hand tools, hydraulics, personal protection equipment and work clothes, and other industrial consumables to companies in the industrial and construction sectors and in public administration in south-eastern Norway. Høgsveen offers customised solutions with a high level of service, competence and accessibility. This acquisition further strengthens Bergman & Beving's and the TOOLS chain's positions as suppliers to Norwegian industry. Høgsveen has net revenues of over MNOK 20 per annum and has 6 employees. After elimination of the Bergman & Beving Group's current sales to Høgsveen, the Group's consolidated net revenues are expected to increase by approximately MNOK 15. Closing is expected to take place in the beginning of January 2007 after approval has been obtained from the relevant authorities. The acquisition is expected to have a marginally positive effect on Bergman & Beving's earnings per share from the time of closing. Stockholm, 20 December 2006 BERGMAN & BEVING AB (publ) For further information, contact: Johan Falk, President, Bergman & Beving Integration AB, telephone +46-8-660 10 30 Mats Karlqvist, Vice President - Investor Relations, Bergman & Beving AB, telephone +46-8-666 97 40


 

Nordic Business Report-December 20, 2006-Hakon Invest AB owns 45% of Swedish giftware franchise Cervera (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish investor Hakon Invest AB said on Wednesday (20 December) that it has completed its investment in glassware, porcelain, cutlery, kitchenware and design products franchise Cervera, increasing its holding to 45% of the share capital and votes. Hakon Invest participated in a private placement investing SEK82.5m. Cervera is one of Swedens largest giftware retailers with 53 stores in Sweden. It has annual sales of SEK370m, but aims to at least double sales by 2011. Hakon Invest, headquartered in Solna in Sweden, invests in retail-oriented companies in the Nordic region. The company owns 40% of ICA AB and has holdings in Forma Publishing Group, Kjell & Company, Hemma and Cervera. Hakon Invest is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Swedish industrial supplier Bergman & Beving AB acquires Norwegian industrial reseller TOOLS Hogsveen Maskin AS (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial tools, consumables and components supplier Bergman & Beving AB said on Wednesday (20 December) that it has agreed to acquire Norwegian industrial reseller TOOLS Hogsveen Maskin AS (Hogsveen). The purchase price was not disclosed. Hogsveen, based in Kongsberg, supplies tools, electric hand tools, hydraulics, personal protection equipment and work clothes, and other industrial consumables to companies in the industrial and construction sectors and in public administration in south-eastern Norway. The company, part of Bergman & Bevings TOOLS partner chain, has six employees and annual revenues of over NOK20m. After elimination of Bergman & Bevings current sales to Hogsveen, the transaction is expected to increase group net revenues by approximately NOK15m. Bergman & Beving, headquartered in Stockholm, Sweden, is a supplier to the Nordic construction and industrial sectors and has annual net revenues of over SEK5bn. Bergman & Beving is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

- No other PC game with more nominations on Gamespot.com and Gamespy.com- - Wins seven "Best of the Year" awards - Received twelve award nominations so far- Durham, USA - December 21, 2006 - Funcom is proud to announce that 'Dreamfall: The Longest Journey' has, so far, received twelve "Best of the Year" nominations at the award ceremonies on the world-leading gaming websites Gamespot.com and Gamespy.com. Of all releases in 2006, no other PC game has received more nominations at the time of writing. Furthermore, of all games released this year, regardless of platform, only 'Gears of War' received more award nominations at Gamespot.com so far. On Gamespy.com the ceremony continues throughout the week, but so far, out of all 2006 PC game releases, only one received as many awards. "The unique amount of world-class awards and nominations for 'Dreamfall' demonstrates the unique quality of our games," said Trond Arne Aas, CEO of Funcom. "We are confident we will deliver the same high quality in the future, and the first to come will be 'Age of Conan'." Excerpts from the reasoning behind the various award nominations: Winner: Best Story (Gamespy.com) "Liberals, conservatives, free marketers, socialists, atheists and the deeply religious will all find things to disturb them in the themes of Dreamfall... As we've discovered, though, it's a journey so worth taking" Winner: Best Music (Gamespy.com) "Funcom has always been a big believer in the power of music to enhance the game experience. .They've crafted a languid, dreamlike experience that's the perfect emotional counterpoint for the images on display" Winner: Adventure Game of the Year (Gamespy.com) "Dreamfall stands so far out of the pack, we believe it would have been a stellar candidate no matter what year it was released.If gaming is ever to be more than merely colored lights and sensation, though, it needs these types of experimental projects to move forward. Gaming may not yet be "art," but with Dreamfall, we're one step closer" Winner - #8 Best PC Game of the Year (Gamespy.com) "An amazing trip with some of the most fascinating characters you'll ever want to meet through some of the most breathtaking and wondrous scenery you're ever going to see " Winner - Best Voice Acting (Gamespot.com) "A strong script and subtle performances by a great cast give this story-driven game its unusually strong dramatic leverage. The voice actors all seem perfectly suited to their respective characters" Winner - #3 Xbox Game of the Year (Gamespy.com) "Those who want to be swept away in a magical gaming experience want to pick up Dreamfall: The Longest Journey" Winner - Best Xbox Adventure Game (Gamespy.com) "Dreamfall is not a game for people looking for traditional adventure gameplay" Nominated - Best New Character (Gamespot.com) "Zoë Castilloe is.smart, charming and every bit the heroine of this not-to-be-missed game." Nominated - Best Story (Gamespot.com) "One of the most engrossing stories of the year." Nominated - Best Xbox Game (Gamespot.com) "Dreamfall weaves an intricate, engaging story into a compelling sci-fi adventure" Nominated - Best Original Music (Gamespot.com) "A moving, emotional musical score stretching across different genres works.to give the game its dramatic impact and memorable sense of style" Nominated - Best Game No One Played (Gamespot.com) "Too many people missed out on the second Longest Journey game" _ _ _ Funcom press contacts: Jørgen Tharaldsen, Product Director, +47 41 33 41 47 (Global Funcom press) Terri Perkins, Product Manager, +1 631 998 3210 (US press) Funcom Erling Ellingsen, Product Manager, +47 48 86 71 07 (European Funcom press) pr@funcom.com ABOUT FUNCOM - Funcom is an independent developer and publisher of online games for PC, consoles and mobile platforms. Funcom has provided outstanding entertainment since 1993 and continues to expand its track-record of more than twenty released games. Recent games include 'The Longest Journey', 'Anarchy Online' and 'Dreamfall: The Longest Journey'. For corporate information please visit www.funcom.com. For information about Funcom games visit www.anarchy-online.com , www.dreamfall.com or www.ageofconan.com. Funcom is listed on the Oslo Stock Exchange under the ticker FUNCOM.


 

Euroline, a business unit within SEB Kort AB, a subsidiary to Skandinaviska Enskilda Banken AB (SEB), has entered a Central Acquiring agreement with Air France. The agreement came into effect on December 4 2006 according to which Euroline will centrally acquire Air France's credit card transactions covering 75 countries. "This agreement reaffirms that our cash management service is leading in terms of providing global airlines with enhanced cash flow and back-office management", says Lars Göran Bergvind, Senior Manager, Global Airline Sales at Euroline. "By allowing Euroline to handle our credit card transactions, we have made substantial savings whilst improving our internal processes. Furthermore, Euroline has been sensitive to our needs and specific requirements", says Nadine Nortier, Credit Card Manager at Air France. Central Acquiring allows airline companies to centralise processing of credit card sales from multiple countries with Euroline, instead of signing up with separate acquirers for each country of sale. Thus, the benefits of Central Acquiring for businesses are plenty. A considerable enhancement of internal administration processes, fast settlement for card purchase transactions, and a streamlined Management Information System covering international sales are to name a few. Since Euroline first offered Central Acquiring in 2000, several international airlines have signed up, such as SAS, KLM, Alitalia, Spainair and Aeroflot. In addition, about 50 small and middle-sized airlines are part of Euroline's portfolio. Since the Bank opened in 1856, generations of customers and employees have made SEB what it is today. This year the Group is celebrating 150 years of longstanding customer relationships, entrepreneurship and international outlook. The SEB Group is a North European financial group for 400,000 corporate customers and institutions, and 5 million private customers. SEB has local presence in the Nordic and Baltic countries, Germany, Poland, the Ukraine and Russia and has a global presence through its international network in another 10 countries. On 30 June 2006, the Group's total assets amounted to SEK 1,986bn while its assets under management totalled SEK 1,086bn. The Group has about 20,000 employees. Read more about SEB at www.sebgroup.com. ____________________________________________________________________________________________ For further information, please contact: Lars Göran Bergvind, Senior Manager, Global Airline Sales, Euroline +46 8 14 69 03 Kerstin Ottosson, Head of Communications, SEB Kort, +46 70 660 52 00


 

With the acquisition of Plastohm Polimoon acquired a Joint Venture Partnership in Slovakia. The J/V is a factory located in Nitra, Slovakia. Polimoon has today bought out the J/V partners, Sluzba, and has assumed 100% ownership of the business. The factory is strategically located to take part in the growth in the automotive industry developing in Slovakia and in the vicinity of Slovakia. The company is specialising in the manufacturing and development of components to predom the automotive and electronics industry. Polimoon envisages to invest significantly in the years to come inorder to expand the capacity. The automotive industry in Slovakia is developing rapidly with a number of automotive manufacturers setting up automotive plants in Slovakia. The Polimoon operation in Slovakia together with the other Polimoon components operations should be well poised to capitalise on the envisaged growth. "I am pleased that we have reached an agreement with the J/V partners which allows Polimoon to assume 100% control and confidently invest in expanding the capacity" says CEO Arne Vraalsen. The acquisition has been concluded today. END Polimoon holds a leading position within manufacturing, developing and selling of plastic products with 41 operations across Europe. Polimoon develops, manufactures and sells a wide range of packaging products within the consumer, chemical and medical industries as well as components to the automotive industry. Polimoon has approximately 4 300 employees with 370 employed in Norway, where the head office is located. Annual sales are in excess of 4,5 billion NOK. Examples of products include bottles for sauces, shampoos, disinfectants, deodorants, canisters for hazardous chemicals, IV bags for medical care, and interior engine components for the passenger car and truck industry. For further information: Arne Vraalsen, President and CEO, +47 22 01 79 00 or +45 20 45 99 19 www.polimoon.com


 

Nordic Business Report-December 20, 2006-Euroline signs credit card transaction handling agreement with Air France (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish financial group SEB said on Wednesday (20 December) that its subsidiary Euroline has signed a Central Acquiring agreement with French airline Air France. The agreement means that Euroline will take over the handling of Air Frances credit card transactions in 75 countries. The agreement will improve internal processes at Air France, as well as result in cost savings. "This agreement reaffirms that our cash management service is leading in terms of providing global airlines with enhanced cash flow and back-office management," commented Lars Goran Bergvind, Senior Manager of Global Airline Sales at Euroline. Eurolines Central Acquiring portfolio includes seven international airlines and some 50 small and mid-sized airlines. SEB Group, headquartered in Stockholm, Sweden, is a North European financial group for 400,000 corporate customers and institutions, and 5m private customers. On 30 June 2006 the Groups total assets amounted to SEK1,986bn while its assets under management totalled SEK1,086bn. SEB is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Polimoon ASA buys out partner in Slovakian joint venture (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian plastic products developer and manufacturer Polimoon ASA announced on Wednesday (20 December) that it has bought out its Slovakian partner Sluzba, taking full ownership of a joint venture factory in Nitra, Slovakia. The Nitra plant specialises in developing and manufacturing components for the automotive and electronics industries. "I am pleased that we have reached an agreement with the J/V partners which allows Polimoon to assume 100% control and confidently invest in expanding the capacity," commented Arne Vraalsen, CEO of Polimoon. No financial details were disclosed. Polimoon is headquartered in Oslo, Norway. It has more than 4,300 employees at 41 locations across Europe. The company is in the process of being acquired by Star AcquisitionCo AS, a wholly-owned subsidiary of Icelandic company Promens hf, part of the investment company Atorka Group hf. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Thule AB cancels acquisition of Austrian snow chains company Pewag Schneeketten GmbH (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish vehicle load carriers, snow chains, trailers and towing systems manufacturer Thule AB said on Wednesday (20 December) that it has cancelled its proposed acquisition of Austrian snow chains company Pewag Schneeketten GmbH. Thule terminated its agreement to acquire the company and withdrew the EU filing for the acquisition following concerns expressed by the European Commission. "Since the initial filing in May we have been in close contact with the European Commission to resolve its concerns regarding market positions of the combined snow chains operations in various European countries," said Anders Pettersson, president & CEO of Thule. "During the extended investigation period since mid-August we have not been successful in convincing the EU commission about our position. We have now decided to recall the filing process and to revoke the contract to acquire Pewag in order to avoid damage on business relationships at both companies," Petterson added. "However, Snow Chains remain a core business division within the Thule Group and we are determined to grow the business in the future," Petterson concluded. Thule, headquartered in Malmo, Sweden, is a world leader in sports utility transportation with 3,700 employees and over 30 production and sales locations in all major car markets in North America, Europe, Africa and Asia. Thule is majority-owned by the United Kingdom based private equity firm Candover. ((Comments on this story may be sent to tww.feedback@m2.com))


 

(IFN) Icelandic generic pharmaceuticals company, Actavis Group hf. has acquired a manufacturing plant from Grandix Pharmaceuticals, a manufacturing and marketing company based in Chennai, Southern India for an undisclosed amount, Actavis announced on Wednesday.In addition Actavis said it has just opened a new active pharmaceutical ingredient development unit, which allows Actavis to backward integrate its business.Grandix provides Actavis with its own low cost manufacturing capability in India and a facility from which to develop and manufacture products for the U.S. and key markets in Europe, the company said.Actavis said it also intends to use the facility as a manufacturing site to develop and re-launch older products as many of these products need lower cost base to be competitive in the international marketplace.Actavis said it intends to increase the manufacturing capacity of the plant to approximately 4 billion tablets over the next 18 months and strengthen the development and regulatory affairs units.The company said the new acquisition follows its purchase of Lotus Laboratories, a contract research organization based in Bangalore, in February 2005.


 

Acquisition increases low cost manufacturing capability Actavis Group (ICEX: ACT), the international generic pharmaceuticals company, announced today that it has acquired a manufacturing plant from Grandix Pharmaceuticals, a manufacturing and marketing company based in Chennai, Southern India for an undisclosed amount. In addition Actavis has just opened a new API (Active Pharmaceutical Ingredient) development unit, which allows Actavis to backward integrate its business. Strategic Rationale Grandix provides Actavis with its own low cost manufacturing capability in India and a facility from which to develop and manufacture products for the US and key markets in Europe. Actavis also intends to use the facility as a manufacturing site to develop and re-launch older products as many of these products need lower cost base to be competitive in the international marketplace. Actavis intends to increase the manufacturing capacity of the plant to approximately 4 billion tablets over the next 18 months and strengthen the development and regulatory affairs units. The acquisition follows the Group's purchase of Lotus Laboratories, a Contract Research Organisation (CRO) based in Bangalore, in February 2005. Lotus has the capacity to complete over 160 bio-equivalence studies a year and the ability to reduce the Group's R&D expenditure. New API development unit opened in India Actavis has opened a new API development facility in India, with the aim of developing 10-15 products a year and the unit has already started development of the first ten. The new site is 1000 sqm and over 50 specialists have already been hired. About Grandix Pharmaceuticals Founded in 1996, Grandix currently employs over 100 people in its manufacturing plant in Alathur, approximately 40km from Chennai in Southern India. Grandix owns and operates the facility, which manufactures a wide range of solid oral dosage formulations with a current production capacity of 700 million tablets per year. The first US ANDA for the plant was submitted in June 2006. The acquired plant will operate under the Actavis name and the Company will not acquire any other business from Grandix, which will continue its other activities. Commenting, Robert Wessman, CEO and President of Actavis said: "This is another exciting acquisition for Actavis and an important extension of our activities in India. The new facility will enable Actavis to further reduce its manufacturing costs and provide the support and expertise necessary to extend our growth into key European markets and the US. I believe this is an important step for Actavis that we now have a backward integration with a growing API development unit, in addition to one of the strongest CRO companies in India" For further information: Actavis Group Halldor Kristmannsson, VP Corporate Communications (+354) 535-2300 / 840-3425 hkristmannsson@actavis.com


 

Reykjavik (IFN) Swedish online travel agency, Ticket Travel, which is partly owned by Icelandic investment company Fons, has acquired Scandinavian travel agency Kilroy Travels, Ticket Travel said.Ticket Travels chairman, Matthias Imsland says that the acquisition will strengthen Ticket Travels market position substantially."With the acquisition we will improve our operations on Sweden, as well as adding substantially to our operations in Denmark and Finland, which is a new market for us," Imsland said.Kilroy Travels specialises in student and youth travels, which Imsland says is a market Ticket Travel has not tapped until now.(END)Icelandic Financial News (IFN) is available on Factiva, a joint venture between Reuters and Dow Jones Newswires, FT.COM, LexisNexis, Comtex, Gale and Thomson via the Nordic Business Report.


 

Reykjavik (IFN) Icelanders are expected to spend ISK1.5 billion (EUR16.5 million) on fireworks to celebrate the new year, according to the largest firework retailers in Iceland.Last year was a record year in fireworks imports and usage, with 638 tons of fireworks and flares imported, which were all sold and used, along with existing stock. This year fireworks imports are predicted to increase by 50%, or close to a thousand tons of fireworks, although the whole amount is not expected to be sold.According to the main fireworks retailers a 10% year-on-year increase is expected in used fireworks if weather conditions will be preferable.


 

Nordic Business Report-December 20, 2006-Actavis Group acquires manufacturing plant in India (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Icelandic generic pharmaceuticals company Actavis Group said on Wednesday (20 December) that it has acquired a manufacturing plant from Grandix Pharmaceutical, a manufacturing and marketing company based in Chennai, Southern India. Actavis said that the acquisition of Grandix provides Actavis with its own low-cost manufacturing capability in India and a facility from which to develop and manufacture products for the US and key markets in Europe. Actavis also intends to use the facility as a manufacturing site to develop and relaunch older products as many of these products need a lower cost base to be competitive in the international marketplace. The acquisition price was not disclosed. In addition Actavis has just opened a new API (Active Pharmaceutical Ingredient) development unit, which allows the company to backward integrate its business. Actavis Group, headquartered in Hafnarfirdi in Iceland, is a leading developer and manufacturer of generic pharmaceuticals. It has 10,000 employees and operations in over 30 countries. Actavis Group is listed on the Iceland Stock Exchange under the ticker ACT. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Dansk Cater A/S enters into partnership with Altor (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Danish food service company Dansk Cater A/S said on Wednesday (20 December) that it has entered into partnership with the Nordic private equity fund Altor. The objective of the partnership is to continue the positive development of the Dansk Cater Group. The new group will be owned by a newly established Danish company, Euro Cater A/S, of which the management of Dansk Cater and Altor each hold 50%. Dansk Cater is the parent company of a group of autonomous companies that distribute frozen and chilled food as well as groceries and canned goods to Danish professional kitchens in the private and public sectors. The Dansk Cater Group has 830 employees and recorded revenue of approximately DKK2,700m in 2005/2006. The Altor funds (Altor) are private equity funds comprising the "Altor 2003 Fund", with committed capital of EUR650m, and the "Altor Fund II", with committed capital of EUR1,150m. Altor focuses on Nordic investments ranging from SEK500m to SEK4.0bn. One British pound (GBP) is worth approximately 11.08 Danish kroner (DKK). One British pound (GBP) is worth approximately 1.49 euros (EUR). One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-DeepOcean ASA extends charter parties for four vessels (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian subsea services provider DeepOcean ASA said on Wednesday (20 December) that it has extended the charter parties for its vessels "Normand Tonjer", "Edda Fonn", "Multraship Commander" and "Edda Freya". DeepOcean has extended the charter party of "Normand Tonjer" with Solstad Shipping AS through to 2007. Normand Tonjer is operating under a frame contract with Statoil until January 2007, and after that will conduct pipeline inspection for Bluestream Pipelines in the Black Sea until March 2007. The charter party for "Edda Fonn" has been extended with Ostensjo Rederi AS until June 2008. The vessel will work under an Inspection Maintenance and Repair (IMR) framework agreement with Statoil during 2007. The charter party of the survey vessel "Multraship Commander" has been extended with Multraship Salvage BV to 2007. The vessel will be mobilised to perform survey work in the southern part of the North Sea. DeepOcean has entered into a new charter party with Ostensjo Rederi AS for "Edda Freya" until April 2009. The company also said that in connection with the change of ownership of "Bold Endeavour", the vessels name is being changed to "Deep Endeavour". DeepOcean, headquartered in Haugesund in Norway, provides inspection, maintenance and repair, as well as subsea intervention services. The company has offices in Norway, the United Kingdom, the Netherlands and Mexico. DeepOcean is listed on the Oslo Stock Exchange under the ticker DEEP. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Atlas Copco wins centrifugal compressors orders for SEK267m (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial equipment maker Atlas Copco said on Wednesday (20 December) that it has received two new centrifugal compressors orders valued at a total of SEK267m. The Dubai-based contractor ETA Ascon placed an order for eight two-stage compressors for boosting pipeline pressures in a gas turbine at an 800MW power plant under construction for Dubai Electric and Water Authority. The Chinese company Sinopec Zhongyuan Petroleum Co Ltd placed an order for 24 centrifugal compressor for use as blowers for acid removal in sulphur recovery units in a Chinese chemical plant. Both orders are to be delivered in the autumn of 2007. Atlas Copco, headquartered in Stockholm, Sweden, is a global provider of industrial productivity solutions. The company has 27,000 employees and is present in 150 markets worldwide. Atlas Copco is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Investment AB Latour divests Elkapsling AB (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish investment company Investment AB Latour said on Wednesday (20 December) that it has agreed to sell its subsidiary Elkapsling AB to the subsidiarys management. The sales price was not disclosed, but Latour said that it will only have a marginal effect on its profit for 2006. Elkapsling, based in Ange in Sweden, manufactures and sells electrical, data and telecomms enclosures for the industry. The company has 85 employees and a turnover of approximately SEK75m. Latour, headquartered in Gothenburg in Sweden, is a mixed investment company with both wholly-owned industrial and trading operations and an investment portfolio. The company is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Norwegian plastic products group Polimoon ASA acquires Russian packaging company Novoplast (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian plastic products developer and manufacturer Polimoon ASA said on Wednesday (20 December) that it has agreed to acquire Novoplast, a subsidiary of Russian personal care products producer Kalina Concern. Novoplast, based in Yekaterinburg, manufactures packaging for Kalina Concern, and the acquisition confirms Polimoon as a key supplier to the Russian group. Polimoon also plans to use the acquired company as a platform for developing further its business in Russia. According to Arne Vraalsen, CEO of Polimoon, Polimoon plans to invest in both upgrading and expanding Novoplasts operations. The financial details of the acquisition were not disclosed. Polimoon is headquartered in Oslo, Norway. It has more than 2,700 employees in 13 countries. The company is in the process of being acquired by Star AcquisitionCo AS, a wholly-owned subsidiary of Icelandic company Promens hf, part of the investment company Atorka Group hf. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Swedish IT company Novotek AB acquires Infratech i Goteborg AB (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT company Novotek AB said on Wednesday (20 December) that it has agreed to acquire Infratech i Goteborg AB (Infratech) for an undisclosed sum. Infratech, based in Gothenburg in Sweden, focuses on automation solutions within the infrastructure and airport technology segments. The company has 14 employees and annual sales of approximately SEK15m. The acquisition and merger will strengthen Novotek within Infrastructure and Airport Technology, while at the same time enabling the inclusion of Novotechs technology into Infratechs offerings. Novotek, headquartered in Malmo in Sweden, focuses on industrial IT. The company has operations in Sweden, Denmark, Norway, Finland and Germany. Novotek is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Reykjavik (IFN) Icelandic investment company FL Group now has increased its spending power by over ISK127 billion (EUR1.4 billion) for investments in 2007.FL Groups chief executive, Hannes Smarason, said that the company was preparing for 2007 and that the company was already looking at several projects, while not disclosing tfurther details.Last week FL Group sold its 22% stake in Straumur-Burdaras for ISK28.3 billion in cash, around ISK10.2 billion in Finnair stocks and around ISK3.6 billion in companies listed on the Iceland Stock Exchange.FL Groups stake in Finnair is now 22.4% and is now the second largest shareholder. The largest shareholder is the Finnish government, with a 55.8% stake.Smarason says that FL Group has no plans to acquire Finnair, but feels that the Finnish government should reduce its stake.FL Group has also secured a ISK37 million credit line from Barclays. The company cashed in ISK26 billion in the sale of Icelandair, ISK13 billion when it sold its stake in easyJet. Earlier this year FL Group secured a EUR250 million syndicated loan.


 

Reykjavik (IFN) Icelandic telecommunicatons firm Siminn has revealed that it has established more than 40 new transmitters since the start of 2006, strengthening GSM connections for its customers.


 

Nordic Business Report-December 20, 2006-ABB wins maintenance contract from Brazilian petrochemicals group Braskem SA (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swiss-Swedish power and automation technology group ABB (NYSE: ABB) said on Wednesday (20 December) that it has secured a two-year maintenance contract from Brazilian petrochemicals group Braskem SA. The contract, valued at USD30m, covers the maintenance of instrumentation, rotating and electrical equipment at six of Braskems basic petrochemicals and vinyl units in Camacari, in the state of Bahia. The contract includes both fixed payments and a variable bonus linked to the reliability of production processes and cost reductions. The contract is renewable. ABB, headquartered in Zurich in Switzerland, operates within the power and automation technology industry. The group has 107,000 employees in some 100 countries. The company is listed on the Swiss Exchange, the Nordic Exchange in Stockholm and on the NYSE. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Saab Microwave Systems AS wins equipment order from Spanish army (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish defence and aerospace group Saab said on Wednesday (20 December) that its Norwegian unit Saab Microwave Systems AS has secured a NOK476 order from the Spanish army. The order covers the ARTHUR weapon locating radar, a training simulator and logistics. "This is Saabs first major deal with the Spanish Defence Authorities and a real milestone," said Goran Hedborg, Saab Microwave Systems regional director for Southern Europe. "This order from an EU and NATO country highlights the world leading position Saab has within weapon locating," Hedborg added. The Norwegian Saab Microwave Systems unit will carry out the project in close cooperation with Saab Microwave Systems in Sweden, and in collaboration with participants from Spanish industry. The systems will be delivered between the end of 2007 and June 2009. Saab, headquartered in Linkoping in Sweden, is a high-tech company active within defence, aviation and space. The company has over 12,800 employees and annual sales of SEK19.31bn. Saab is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Swedish IT company Nocom AB divests web analysis subsidiary Webcontrol Sweden AB (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT company Nocom AB said on Wednesday (20 December) that it has entered into an agreement to sell its subsidiary, Webcontrol Sweden AB, to the subsidiarys manager Tobias Svensson. The financial details of the deal have not been disclosed. Webcontrol provides services and products within web analysis. The company has eight employees and an annual turnover of SEK15m. Nocom, headquartered in Solna, Sweden, develops and distributes IT products and services. The company has 280 employees and annual sales of SEK800m. Nocom is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Swedish IT consulting company Know IT AB wins IT consulting contract from SAS Group (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT consulting company Know IT AB said on Wednesday (20 December) that it has received a framework contract for consulting services from Scandinavian airline group SAS. The contract covers business development and strategy, project management, testing and quality assurance, programming and web development, as well as specialist competence within various technical areas. The framework contract can be used by SAS operations in Denmark, Norway and Sweden. The value of the contract was not disclosed. Know IT, headquartered in Stockholm, Sweden, has 700 employees in Sweden and Norway, and reported sales of SEK535m in 2005. The company is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Tele5 Voice Services AB acquires web hosting provider TBA Media AB (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT and telephony services provider Tele5 Voice Services AB announced on Tuesday (19 December) a letter of intent to acquire Swedish web hosting provider TBA Media AB. TBA Media, based in Gothenburg in Sweden, has some 5,000 customers and owns the domain name internet.se No details have yet been disclosed regarding the proposed deal. Tele5 Voice Services is headquartered in Stockholm in Sweden. The company has some 28 employees and reported a net turnover of SEK20.36m in the first half of the current financial year. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Finnish total output falls from September to October (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Statistics Finland, the Finnish state statistics agency, said on Wednesday (20 December) that seasonally adjusted Finnish total output decreased by 0.7% in October 2006 from September 2006. The volume of total output grew by 3.3% in October 2006 from October 2005. Among the six main industries of the monthly indicator a decline in output was only recorded in primary production. Adjusted for working days, the growth in the volume of total output amounted to 2.4%. According to the original series, industrial output went up by 1.2% from October 2005. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-FLSmidth & Co A/S acquires KOCH Transporttechnik (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Danish cement and minerals industry systems and equipment supplier FLSmidth & Co A/S said on Wednesday (20 December) that its mineral processing arm FFE Minerals has acquired KOCH Transporttechnik Germany and KOCH Transporttechnik Austria. KOCH Transporttechnik is a world leader in materials handling systems for various industries and is the worldwide market leader in pipe conveyors. KOCH designs, manufactures, markets and services a broad range of mechanical transport equipment and systems in the minerals and cement industries as well as in pulp and paper. KOCH Austria is currently handling the pipe conveyors for the worlds largest cement production line, St. Genevieve in the US. Meanwhile KOCH Germany is completing the worlds longest pipe conveyor of 8.2km for Cementos Lima in Peru. The sales of KOCH are expected to surpass EUR80m in 2007 and the acquisition will have a positive effect on the FLSmidth Groups earnings in 2007. The acquisition price was not disclosed. FLSmidth & Co is headquartered in Copenhagen, Denmark. It has 5,800 employees and reported sales of DKK10.50bn in 2005. The company is listed on the Copenhagen Stock Exchange. One British pound (GBP) is worth approximately 1.49 euros (EUR). One British pound (GBP) is worth approximately 11.08 Danish kroner (DKK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Norwegian Property ASA enters into NOK964m loan agreement (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian real-estate investment company Norwegian Property ASA said on Wednesday (20 December) that it has entered into a loan agreement with Nykredit on a seven-year facility totalling NOK964m. The company aims to refinance four of its properties at Skoyen (Nedre Skoyenvei and Hovfaret). The facility amount corresponds to 75% of the property value. The new facility is the first phase in a refinancing of the previously entered syndicated loan facility of NOK12bn. Norwegian Property will continue the refinancing in 2007, and expects to have completed a full refinancing of the debt in the second quarter of 2007. Norwegian Property, headquartered in Oslo, Norway, focuses on investing in centrally located commercial properties in Norway. The company is listed on the Oslo Stock Exchange under the ticker NPRO. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-SAS Ground Services A/S establishes own handling organisation at Aberdeen Airport (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com SAS Ground Services A/S, a wholly owned subsidiary of the Scandinavian airline SAS Group, said on Wednesday (20 December) that SAS Ground Services UK is now establishing its own ground handling organisation at Aberdeen Airport. The new set-up includes passenger handling, ramp services and de-icing. "This is a continuation of our expansion plans in the UK market. We will initially provide handling to the SAS Group companies, but we are convinced that we will attract other customers during the spring," said Christer Svensson, managing director for SAS Ground Services UK. SAS Ground Services (SGS) is a full-service provider of airline ground handling and airport-related services. SGS is the largest ground handling company in Scandinavia and operates at 160 airports in 40 countries. SGS has an annual turnover of SEK6,200m and has some 8,200 employees. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-TeliaSonera International Carrier selects HP and IXEurope as preferred suppliers (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Swedish-based international IP carrier TeliaSonera International Carrier said on Wednesday (20 December) that it has selected HP and IXEurope as preferred suppliers of managed data services and high density co-location. HP and IXEurope will provide the companys Global Gaming Community business with access to hardware, software and storage for the creation of gaming platforms and tailor-made technology solutions. The deal with HP and IXEurope will enable TeliaSonera International Carrier to deliver complete networking services, the company said. TeliaSonera International Carrier is part of the Swedish-Finnish operator TeliaSonera. In addition to the Nordic and Baltic telecomms markets, the TeliaSonera group is also active in Russia, Turkey and Eurasia. The company has over 28,000 employees and reported net sales of SEK87.7bn in 2005. TeliaSonera is listed on the Nordic Exchange in Stockholm and Helsinki. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Alfa Laval wins plate heat exchanger order from Oman Petrochemical Industries Company (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish heat transfer, centrifugal separation and fluid handling solutions provider Alfa Laval said on Wednesday (20 December) that it has received an order for its high-efficiency plate heat exchanger T50 from Oman Petrochemical Industries Company LLC (OPIC), a joint venture between Dow Europe Holding BV and the government of Oman and Oman Oil Company. The equipment will be installed as part of the central cooling system at a ethylene and polyethylene production plant at the Sohar Industrial Port in Oman. The order is valued at approximately SEK75m. Alfa Laval, headquartered in Lund in Sweden, has some 10,000 employees and annual sales of SEK16.5bn. The company has customers in nearly 100 countries. Alfa Laval is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Norwegian market survey and research software provider FIRM signs USD3.4m licence contract (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian market survey and research software provider Future Information Research Management ASA (FIRM) said on Wednesday (20 December) that it has received a seven-year licence contract for the use of its Confirmit software products from an unnamed global company. The agreement, valued at USD3.4m over the contract period, includes options to buy additional services and licenses. FIRM, headquartered in Oslo, Norway, is a provider of market research and enterprise feedback management solutions. The company has some 100 employees and offices in Oslo, London, New York and San Francisco. FIRM is listed on Oslo Stock Exchange and traded under the symbol FIRM. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-NOTE AB and SWE-DISH Satellite Systems AB expand production collaboration (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish electronics contract manufacturer NOTE AB said on Wednesday (20 December) that its subsidiary NOTE Norrtelje AB has signed a three-year collaboration agreement with mobile satellite communication equipment developer SWE-DISH Satellite Systems AB. The agreement, which expands and extends previous cooperation, covers the manufacture of SWE-DISHs Fly Away Systems, Drive Away Systems and Suitcase product ranges. The new part of the collaboration is expected to be worth some SEK100m per year. NOTE, headquartered in Danderyd in Sweden, is one of the leading electronics contract manufacturers in the Nordic region, and has a presence in Sweden, Norway, Finland, Estonia, Lithuania and Poland. The company has 1,100 employees and reported net sales of SEK1.5bn in 2005. NOTE is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Swedish wind power plants supplier DynaWind AB secures new orders (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish technology group Morphic Technologies AB said on Wednesday (20 December) that its subsidiary DynaWind AB has secured three new wind power plant orders from customers in middle and northern Sweden. The orders, valued at a total of SEK45m, cover 1MW power plants. Morphic Technologies, headquartered in Karlskoga, Sweden, develops and manufactures fuel cells, wind and hydropower systems, as well as production technology. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Ericsson to acquire Redback Networks Inc (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish telecomms solutions provider Ericsson (Nasdaq:ERIC) and Redback Networks Inc (Nasdaq:RBAK) said on Wednesday (20 December) that they have signed a definitive agreement under which Ericsson will acquire Redback for USD25.00 per share, or an aggregate price of approximately USD1.9bn. The offer represents a premium of 60% to Redbacks volume weighted average stock price. "The combined strengths of both companies will create significant value for customers and shareholders and exciting opportunities for employees. The pace of IP deployment is accelerating as operators move to all-IP converged networks, in which quality of service requires increasingly intelligent routers with higher capacity," said Carl-Henric Svanberg, CEO of Ericsson. Upon completion of this transaction Redback will become a wholly owned subsidiary of Ericsson. Ericsson intends to maintain Redbacks offices and facilities in San Jose, CA and elsewhere. Ericsson said that it is continuing to increase its investments in next generation networks. This acquisition offers time and cost synergies and is expected to be accretive from 2008. The acquisition will be conducted by means of a tender offer for all of the outstanding shares of Redback. Redback Networks Inc manages 50 million broadband connections for 15 of the top 20 telephone carriers worldwide. The company has more than 500 carrier customers worldwide. Ericsson is headquartered in Stockholm, Sweden. Its equipment is used in more than 1,000 networks in 140 countries, and 40% of the worlds mobile calls are made through Ericsson systems. The company is listed on the Nordic Exchange in Stockholm, and its shares are also traded on the London Stock Exchange and on Nasdaq. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Ericsson to deliver border control system in Slovak Republic (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish telecomms solutions provider Ericsson (Nasdaq: ERIC) said on Tuesday (19 December) that it has signed a contract with the Ministry of Interior of the Slovak Republic to deliver a system for technical and physical control of the border with Ukraine as part of the European Unions Schengen arrangements. Under the agreement Ericsson will deliver a system for technical and physical border control to optimise security along almost 100km of mountainous country on the Slovak-Ukrainian border. Ericssons border-control system includes stand-alone modules for management and sensor systems as well as resource planning. The Ericsson Border Area and Security (EBAS) management system is the basis of the technical solution. The system will be implemented by the end of 2007. No financial information was provided. Ericsson is headquartered in Stockholm, Sweden. Its equipment is used in more than 1,000 networks in 140 countries, and 40% of the worlds mobile calls are made through Ericsson systems. The company is listed on the Nordic Exchange in Stockholm, and its shares are also traded on the London Stock Exchange and on Nasdaq. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Kemira GrowHow Oyj raises expectations for Q4 result (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish fertilisers producer Kemira GrowHow Oyj said on Wednesday (20 December) that the recent development in the European natural gas markets has had a positive effect on Kemira GrowHow and the companys operating result in the fourth quarter of 2006 will be better than expected. New investments, which connect the United Kingdom gas grid more effectively to the Central European gas grid and North Sea gas fields, have been taken into use according to schedule. Also gas storages both in Continental Europe and in the UK are at a good level and demand for gas has been moderate due to mild weather. For these reasons the market price of natural gas has during the last quarter been lower than in the previous year, especially in the UK. However, the fourth quarter sales volumes will not reach their normal quarterly level, partly because the third quarter sales volumes were good in several of Kemira GrowHows market areas, and partly because farmers have postponed their fertiliser purchases to the following year. The full-year operating profit is expected to be approximately EUR10m. Kemira GrowHow develops and markets fertilisers and integrated solutions for crop cultivation, animal feed supplements and chemicals required in various industries. It has 2,700 employees worldwide, and reported net sales of over EUR1.22bn in 2005. Kemira GrowHow is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Neste Oil Corporation divests stake in CanTerm Canadian Terminals Inc (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish oil refining company Neste Oil Corporation said on Wednesday (20 December) that it has divested its 25% stake in CanTerm Canadian Terminals Inc, which owns and operates terminals for petroleum and chemical products in Quebec City and Montreal, Canada. Neste Oils stake was acquired by Olco Petroleum Group Inc, a Canadian petroleum product supplier and marketer. Following the transaction Olco became CanTerms sole owner. At the same time Olco also purchased Neste Oils petroleum products direct sales distribution business in Ontario. Neste Oil recorded a small capital gain on these two divestments. No financial details were provided. Neste Oil said that these divestments of non-core assets underline the companys strategy of focusing business on two growth areas, oil refining and premium-quality biodiesel. Neste Oil is a refining and marketing company focusing on traffic fuels. The company has two refineries in Finland, operates a service station chain and has a fleet of some 30 ships. Neste Oil is listed on the Nordic Exchange in Helsinki. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Neste Oil Corporation to divest its stake in Eastex Crude Company (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish oil refining company Neste Oil Corporation said on Wednesday (20 December) that it will divest its 70% holding in Texas-based Eastex Crude Company. The holding is to be acquired for USD15.5m by Eastexs other owner, Eastex Crude Holding Company. Neste Oil said that it will book a capital gain of a few million dollars on the sale, which the parties intend to close in the next few months. Eastex collects and sells crude oil from small local producers in Texas and Louisiana, USA, through a fleet of road tankers and terminals across the region. Neste Oil is a refining and marketing company focusing on traffic fuels. The company has two refineries in Finland, operates a service station chain and has a fleet of some 30 ships. Neste Oil is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

US SUMMARY: Shares Shake Off Mixed Data; DJIA 12471.32 gain 30.05 up 0.2% NASDAQ 2429.55 loss 6.02 dn 0.3% S&P 500 1425.55 gain 3.07 up 0.2% Dow Future 12567.00 gain 16.00 up 0.1% NASDAQ Future 1807.00 gain 3.75 up 0.2% S&P Future 1438.50 gain 2.25 up 0.2% Euro-USD 1.3227 gain 0.0029 up 0.3% 10-Yr US Treasury: 4.60% up 0.01 (Futures values, Treasury, EUR/USD Data as of 0550 GMT) The Dow Jones industrial average reached another record close Tuesday as investors largely looked past economic and earnings reports that had stirred concerns about the health of the economy. The dollar plunged, Treasurys held steady and oil rose. STOCKS: Blue chips managed to post decent gains despite a government report that inflation at the wholesale level saw its biggest jump in more than 30 years in November as gas prices inched higher. Investors also shunted aside concerns about Thailands financial problems. "People are fundamentally optimistic and thats containing the downside risk for the present," said Stuart Schweitzer, global markets strategist at JPMorgan Asset & Wealth Management. "I think fundamentally the economy seems on track for a safe landing in 2007, but with some unsettling bumps along the way," Schweitzer said. Markets displayed little reaction to comments by Dallas Federal Reserve President Robert W. Fisher, who said in a speech Tuesday that inflation remains troublesome for the economy and that an increase in interest rates could be warranted. Seemingly at odds with recent inflation reports, the Labor Department said Tuesday that the Producer Price Index, a measure of inflation at the wholesale level, jumped 2 percent in November. While an increase had been expected following two months of declines, the rise far outstripped the 0.5 percent increase analysts had been expecting. The core PPI figure, which excludes often volatile energy and food prices, rose 1.3 percent. "The PPI is a reminder that there may be a two-way inflation risk in the near-term," Schweitzer said. "That creates the specter of some uncomfortable moments for some investors who might have looked for an early Fed ease." In other economic news, the Commerce Department said construction of homes and apartments increased by 6.7 percent in November but also that applications for permits to build homes declined for the 10th straight month. Bryan Piskorowski, market analyst at Wachovia Securities, said the PPI report and an upbeat reading last week on the level of inflation at the consumer level raised questions about how corporate profits will hold up. "It could have some negative implications for corporate profits in the sense that somebody has to get squeezed here," he said. He noted Wall Street had already generally expected profits would be lower next year. FOREX: The dollar, trading lower in Europe, fell hard against the euro Tuesday, hitting a four-session low as positive data out of Europe outweighed a mixed bag of U.S. economic data. Data on U.S. housing starts showed an increase from the previous month, suggesting some fledgling recovery in the slumping sector. And U.S. producer prices came in above expectations. But Ian Gunner, head of foreign exchange research at Mellon Bank in London, said the producer prices data "should basically be ignored." He and other analysts noted that wild swings in sectors such as vehicle sales in recent months, minimalizing the reports use as a gauge for the overall price pressures. BONDS: U.S. Treasury prices were mostly unchanged Tuesday following a sharp selloff on a higher-than-expected inflation report and somewhat stronger housing data. Increases in auto prices were mostly to blame, strategists said. Wholesale prices of passenger cars increased 2.2% in November, while wholesale light truck prices soared a record 13.7%. Car and light truck prices tumbled in October. "Thats why the PPI number was exaggerated," said Tom di Galoma, managing director and head of Treasurys Jefferies & Company in New York. "Once that was explained away, people felt comfortable buying the market again." Meanwhile, the housing data imply "housing has not bottomed out, theres still some trouble in the housing sector," said Raymond Remy, head of fixed-income for Daiwa Securities America in New York. OIL: Prices rose above $63 a barrel Tuesday, led higher by gasoline and on a recent decision by the OPEC to cut output early next year. "Right now weve found perfect equilibrium in crude oil," said Liberty Trading president James Cordier. "At $63 to $64, its a sale, and at $58 to $59, people are not going to push it below there because they believe OPEC is serious about reducing barrels." Light sweet crude for January delivery rose 94 cents to settle at $63.15 a barrel on the New York Mercantile Exchange. Traders chalked up oils rise to buying in gasoline futures, which climbed 1.28 cent to $1.675 a gallon on expectations that a U.S. government report scheduled for Wednesday will show motor fuel inventories shrank last week. February Brent at Londons ICE Futures exchange rose 68 cents to settle at $62.70 a barrel. ASIAN SUMMARY: Shares Rise As Thailand Crisis Dies Down USD-Yen 118.12 loss 0.03 dn 0.03% AUD-USD 0.7843 gain 0.0007 up 0.09% Nikkei 225 17003.42 gain 226.50 up 1.4% Hang Seng 19236.14 gain 271.50 up 1.4% S&P/ASX 200 5386.90 gain 45.30 up 0.8% Taiwan Index 7648.35 gain 49.47 up 0.7% S.Korea Kospi 1438.83 gain 11.07 up 0.8% Spot gold $622.90 gain 0.95 up 0.2% Brent Crude Oil $62.57 loss 0.24 dn 0.4% JGB 10-year Yield 1.6000% down 0.0450 (All values as of 0550 GMT) STOCKS: Japanese stocks rose Wednesday as investors shook off Thailands latest financial calamity. Markets in the rest of the region also gained. FOREX: Japans exporters sold dollars, pushing the yen higher. But dealers doubted the selling will push the dollar below Y118.00 because of signs that hedge funds are looking to buy at around that level. BONDS: Japans government bonds rallied in price after investors concluded from the Bank of Japans latest comments that a rate hike in January is unlikely. OIL: Nymex prices continued to trade above $63 a barrel Wednesday with slight fluctuations as traders awaited a weekly report that was expected to show a drop in U.S. oil inventories. Light sweet crude for February delivery was down 15 cents to $63.31 a barrel in Singapore. METALS: Spot gold was up $0.95 at $622.90, but has now stalled because the dollar has failed to fall more, dealers said. Gold was likely to recover though, on the prospect that the dollar will soon resume its recent slide. LME 3-month copper was up $7.50 at $6,655/metric ton, and Standard Bank said it will likely hold above $6,600/ton. "Consumer buying on the dips has been a regular feature and we believe this will continue to support the price going forward," it says in a market note. EUROPEAN OUTLOOK: Stocks Set For Early Gains Euro-USD 1.3227 gain 0.0029 up 0.3% Stlg-USD 1.9721 gain 0.0032 up 0.2% USD-Franc 1.2128 loss 0.0018 dn 0.1% (All values as of 0550 GMT) Prices of European shares and government debt issues are likely to open higher, with the euro also well bid. STOCKS: European markets are set for moderate gains at the open, with investors cheered by Wall Streets optimism. U.K. spreadbettor CMC Markets is calling the FTSE up 17 points at 6221, the DAX up 27 at 6581 and the CAC up 21 at 5506. In corporate deals, Swedens Ericsson has agreed to buy Redback Networks for $2.1 billion in cash, a deal uniting big makers of networking hardware. The board of French gas utility Gaz de France is expected to postpone its proposed EUR44.7 billion merger with industrial conglomerate Suez, in a move that would underscore how European governments passion for creating "national champions" is struggling against resistance from regulators and financial markets. European shares closed lower Tuesday with technology companies such as German software group SAP and resource shares among the lead decliners as investors also eyed deal news from Vodafone Group and some European stock exchanges. FOREX: The euro is expected to gain against the dollar as traders note that the greenbacks weakness is underlined by its lack of response to the high U.S. PPI figures. Some euro bulls are betting it could rise to $1.3350 and even $1.3500 in coming weeks, backed by expectations of more monetary tightening. The German Ifo "data suggest the markets may have been overestimating the impact of 2007 fiscal tightening on business sentiment," Daniel Katzive, currency strategist at UBS noted, "and supports our expectation that European Central Bank rates will rise further in the first quarter." BONDS: Set to open higher, prices of European government bonds fell Tuesday on a surprise rise in Germanys Ifo business sentiment in December, signaling robust economic growth in Europes largest economy. Strong U.S. inflation data later in the session intensified the negative mood in European fixed-income markets as the figures raised questions about the Feds future monetary policy. "Happily, Tuesdays business confidence data from the Ifo institute seems to dispel much of the German danger," said Gabriel Stein, economist at Lombard Street Research. Although Ifos economist Gernot Nerb urged the European Central Bank to keep interest rates on hold at 3.5%, market participants bet on more rate hikes next year. "At this stage, another interest rate hike by 25 basis points in the first quarter of next year is almost entirely priced in," said Sarah Luetgert, fixed-income strategist at WestLB. (MORE TO FOLLOW) Dow Jones Newswires December 20, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 20 Dec 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Stocks Set To Rebound -2- Wednesday will be of greater importance to U.K. investors, as the minutes of the Bank of Englands December meeting are due for release. Economists polled by Dow Jones Newswires expect the minutes to show that the BoE has unanimously voted for unchanged rates. (MORE TO FOLLOW) Dow Jones Newswires December 20, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 20 Dec 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Stocks Set To Rebound -2- CALENDAR: Wednesday, Dec 20: BoE Minutes; US Energy Data GMT Expected Previous 0900 ITA 3Q Labor force 0930 UK Nov Public Sector Finances 0930 UK Dec BoE Monetary Policy Committee Minutes 9 - 0 7- 2 0930 UK Nov BoE provisional estimates of broad money (M4) & credit (M4 lending) 0930 UK Nov BoE capital issuance 0930 UK BBA Major British Banking Groups monthly statement 0930 UK Nov CML Mortgage Lending 0930 UK Nov PSNCR +8.8B -8.422B 0930 UK Nov PSNB +9.9B -1.623B 1100 UK Dec Distributive Trades Survey 0 -9 1200 US Dec 16 MBA Refinancing Index +15.8% 1530 US Dec 15 US Energy Dept Crude Oil Stocks (in -1.8M -4.3M barrels) 1530 US Dec 15 US Energy Dept Distillate Stocks (in -1.1M -500K barrels) 1530 US Dec 15 US Energy Dept Gasoline Stocks (in +100,000 -100,000 barrels) 2350 JPN Oct All Industry Index +1.4%MM -0.9%MM 2350 JPN Nov Provisional Trade Statistics -By Dennis Baker; Dow Jones Newswires; dennis.baker@dowjones.com (MORE TO FOLLOW) Dow Jones Newswires December 20, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 20 Dec 2006 06:46 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events SCHEDULED EVENTS: A-COM (ACOM.SK): 2Q Earnings Aegis Group (AGS.LN): Trading Update Altana (ALT.XE): EGM Bodycote International (BOY.LN): Trading Update British Assets Tst (BSET.LN): AGM Corus Group (CS.LN): EGM Escada (ESC.XE): FY Earnings Gabriel Holding (GABR.KO): AGM George Wimpey (WMPY.LN): Trading Update Groupe Ares (7216.FR): 1H Earnings Luxor (LRL.V): FY Earnings LVL Medical Groupe (5468.FR): FY Earnings Orco Property Group (5767.FR): EGM Park Group (PKG.LN): 1H Earnings Risc Group (7806.FR): 1H Earnings Sistema JSFC (SSA.LN): 3Q Earnings SkiStar (SKIS-B.SK): 1Q Earnings Snia (SN.MI): AGM Standard Life Equity (SLET.LN): AGM White Young Green (WHY.LN): Trading Update (MORE TO FOLLOW) Dow Jones Newswires December 20, 2006 01:46 ET (06:46 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 20 Dec 2006 06:46 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payments & Ex Div Dates Abbey (DOY.DB): 1H 2006 Ex-Dividend Date Accident Exchange Group (ACE.LN): 1H 2006 Ex-Dividend Date ALK-Abello (ALK-B.KO): FY 2006 Ex-Dividend Date Blacks Leisure Group (BLSA.LN): 1H 2006 Ex-Dividend Date Gartmore European Inv. (GEO.LN): FY 2006 Ex-Dividend Date Greene King (GNK.LN): 1H 2006 Ex-Dividend Date Interior Services (ISG.LN): FY 2006 Dividend Payment Date International Greetings (IGR.LN): 1H 2006 Ex-Dividend Date James Cropper (CRPR.LN): 1H 2006 Ex-Dividend Date Kingston Communications (KCOM.LN): 1H 2006 Ex-Dividend Date Lindex (LDEX.SK): FY 2006 Ex-Dividend Date Mice Group (MEG.LN): 1H 2006 Dividend Payment Date New Star Financial (NST.LN): 4Q 2006 Ex-Dividend Date Northgate Information (NIS.LN): 1H 2006 Ex-Dividend Date Northumbrian Water (NWG.LN): 1H 2006 Ex-Dividend Date RHM (RHM.LN): 1H 2006 Ex-Dividend Date Vilmorin Clause (5251.FR): FY 2006 Dividend Payment Date Westbury Property Fund (WPF.LN): 4Q 2006 Ex-Dividend Date (END) Dow Jones Newswires December 20, 2006 01:46 ET (06:46 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.


 

(IFN) The stable outlook for the banks deposit rating has been affirmed, but the outlook for two of the three rated Icelandic banks financial strength ratings (BFSRs) is negative, reflecting the increased challenges they are likely to face in a more difficult operating environment, Moodys Investors Service says in its new Banking System Outlook report for Iceland.Nervousness in the capital markets with respect to Icelandic risk, combined with the banks heavy reliance on wholesale funding, led Moodys to put the BFSRs of Glitnir banki hf and Landsbanki Íslands hf on negative outlook and that of Kaupthing Bank hf on review for downgrade. Kaupthings BFSR was subsequently downgraded."The deterioration in the banks operating environment has threatened to increase their cost of funds, undermining profits. Worse still, it could bring about difficulties in refinancing maturing debts -- thereby creating potential problems with liquidity," says Lynn Valkenaar, Moodys Vice President/Senior Analyst and author of the report. "Furthermore, the economic imbalances in Iceland which have led to a rise in interest rates and a depreciation of the currency, could lead to a weakening in the banks asset quality, putting further pressure on earnings."Nonetheless, Moodys also notes that a considerable proportion of the banks loan portfolios are located outside Iceland, which should insulate them from shocks at home. Furthermore, the liquidity profiles of the commercial banks should enable them to withstand the turbulence in the funding markets. In response to this volatility, the banks completed their refinancing requirements for 2007 around the end of the third quarter of this year and have begun to extend further the maturity their funding profiles.The stable outlook on the banks deposit ratings has been affirmed, due to Moodys belief that the importance of the major banks to the Icelandic markets makes government support likely in the event of difficulties or shocks. The rating of the government of Iceland is Aaa, reflecting the countrys high income level and advanced economic structure along with the governments low debt levels.Moodys rates the three largest commercial banks -- Kaupthing, Glitnir and Landsbanki -- and state-owned mortgage provider HFF. The four represent over 80% of the total assets of the banking system. Furthermore, there is a special purpose commercial bank, Sparisjóðabanki Íslands (Icebank), which is owned by the 24 savings banks that operate in the country and functions as their central banking institution. "Given that Icelands population is only around 300,000, the country appears to be significantly over-banked," comments Ms Valkenaar.


 

Nordic Business Report-December 20, 2006-Factum Electronics AB wins new equipment orders in Italy (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish digital multimedia broadcasting technology developer Factum Electronics AB, a wholly-owned subsidiary of Effnet Holding AB, said on Wednesday (20 December) that it has won orders from Italian network provider RaiWay and from Vatican Radio. The orders cover the latest version of Factum Electronics digital multimedia broadcasting system DBM System, and include audio encoders, IP inserters, data broadcasting servers, ensemble multiplexers, and management systems as well as data receivers. The equipment will enable RaiWay to broadcast mobile TV and Vatican radio to provide digital radio. The values of the new orders were not disclosed. Effnet Holding, headquartered in Bromma, Sweden, is a high-tech company comprising the digital broadcasting equipment developer Factum Electronics and the header compression products developer Effnet. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-NCC wins new tunnel contract from LKAB (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish construction group NCC said on Wednesday (20 December) that it has received a renewed tunnel works contract from high-tech minerals group LKAB. The new contract, valued at approximately SEK200m, covers preparatory rock work in connection with a project at LKABs Malmberget site in Sweden, as well as other ongoing development works. NCC, headquartered in Solna, Sweden, is a leading Nordic construction and property development company with 21,000 employees and annual sales of SEK50bn. NCC is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Orkla ASA in talks to sell property holdings at Fornebu (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian multi-sector group Orkla ASA said on Wednesday (20 December) that it has signed a letter of intent to sell its shares in real estate projects at Fornebu, Oslo, to Scandinavian Property Development. Orkla said that it expects the final agreement to be signed in the first quarter of 2007. The sales price is expected to exceed the book value of NOK77m by at least NOK200m. Orkla, headquartered in Oslo, Norway, operates in the branded consumer goods, speciality materials and financial investment sectors, and reported revenues of NOK55bn in 2005. Orkla is listed on the Oslo Stock exchange and traded under the ticker ORK. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Vizrt Ltd wins USD1.2m order from Flemish Radio- and Television Network (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian broadcast graphics systems supplier Vizrt Ltd announced on Wednesday (20 December) that it has won a USD1.2m order from The Flemish Radio- and Television Network (VRT) in Belgium. The order covers asset management products from Ardendo, acquired by Vizrt earlier this year. Vizrt, headquartered in Bergen, Norway, is a leading provider of real-time 2D and 3D broadcast graphics. Its products are used by broadcasters such as CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK. Vizrt is listed on the Oslo Stock Exchange and traded under the ticker VIZ. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Net Insight AB wins network equipment order in New Zealand (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish video, voice and data networking equipment developer Net Insight AB said on Wednesday (20 December) that it has secured an equipment order from network operator Kordia in New Zealand. The order covers equipment based on Net Insights Nimbra platform. The equipment will be used for contribution services for broadcasters of video and IP/Ethernet services within New Zealand. Net Insight received the order through its Australian partner Techtel Pty Ltd. The value of the order was not disclosed. Net Insight, headquartered in Stockholm, Sweden, has offices in Sweden and the US. The company is listed on the Nordic Exchange in Stockholm. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-SEB divests German retail debt collection business Union Inkasso GmbH (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish financial group SEB said on Tuesday (19 December) that its German unit SEB AG has agreed to sell its retail debt collection business Union Inkasso GmbH to Hoist Group for an undisclosed sum. Union Inkasso has 85 employees and currently services some 90,000 claims. The transaction includes SEBs non-performing retail claim portfolio, which is administered by Union Inkasso. SEB and Hoist have also agreed to cooperate within non-performing retail debt collection. SEB Group, headquartered in Stockholm, Sweden, is a North European financial group for 400,000 corporate customers and institutions, and 5m private customers. On 30 June 2006 the Groups total assets amounted to SEK1,986bn while its assets under management totalled SEK1,086bn. SEB is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Volvo Bus Corporation wins new order in Canada (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish bus maker Volvo Bus Corporation (Volvo Buses), part of Volvo Group, said on Wednesday (20 December) that its Canadian subsidiary Nova Bus has received an order for 322 articulated buses from the transit authorities of the Province of Quebec in Canada. The value of the order was not disclosed. The order was placed by STM, the transit authority in Montreal, on behalf of the purchasing group ATUQ. ATUQ is one of Volvo Buses largest customers, and has this year already ordered 731 buses from Volvo Buses. The order covers low floor articulated, 18-metre Nova LFS buses. Volvo Buses is the worlds second-largest manufacturer of large buses and coaches. The company is part of the trucks, buses and construction equipment, marine and industrial engines and aerospace components manufacturer Volvo Group. Volvo Group has some 82,000 employees in 25 countries. The company is listed on the Nordic Exchange in Stockholm. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 20, 2006-Wihlborgs Fastigheter AB divests residential property in Malmo (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish property company Wihlborgs Fastigheter AB said on Wednesday (20 December) that it has agreed to sell a property in Malmo, Sweden to Fastighets AB Malmo City. The Nils 21 property comprises mostly apartments while Wihlborgs Fastigheters focus is on commercial properties. The divestment will result in a book gain of SEK20m. Wihlborgs Fastigheter focuses on commercial properties in the Oresund region and owns properties in Malmo, Helsingborg and Lund in Sweden, and in Copenhagen in Denmark. Wihlborgs Fastigheter is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

MorphoSys AG (Frankfurt Stock Exchange: MOR; Prime Standard Segment) announced today an early expansion of its therapeutic antibody collaboration with Pfizer Inc., until the end of 2011. Under the extended agreement, Pfizer has the option to begin new therapeutic antibody projects with MorphoSys resulting in an increased level of programs to be performed within the collaboration. As a result, the potential value for MorphoSys in research funding and potential developmental milestone payments increases to more than US$ 100 million, not including royalties. Additionally, the extension triggers a one-off payment from Pfizer to MorphoSys. Further financial details were not disclosed. The cooperation agreement, originally signed in December 2003, was scheduled to end in December 2008. Within the framework of the extended agreement, MorphoSys will continue to use its HuCAL GOLD library to generate therapeutic antibodies against multiple new targets from Pfizer. Pfizer will carry out the preclinical and clinical development and the subsequent marketing of resulting products. MorphoSys stands to receive an increased level of research funding as well as milestone and royalty payments on any antibody products derived from the collaboration. Today, the collaboration encompasses five active therapeutic antibody programs. "We are very pleased by the successful progress in our collaboration with Pfizer and their decision to intensify this alliance, which will now run until 2011," said Dr. Simon Moroney, Chief Executive Officer of MorphoSys AG. "The year 2006 in review has been very successful for MorphoSys. Today's news represents the fourth substantial expansion of an existing deal for MorphoSys in 2006. In combination with three new commercial partnerships signed during the year, this development clearly demonstrates the strong performance of our partnered therapeutic business." For further information please contact: Dr. Claudia Gutjahr-Löser, Director Corporate Communications, Tel: +49 (0) 89 / 899 27-122, gutjahr-loeser@morphosys.com or Mario Brkulj, Manager Public Relations, Tel: +49 (0) 89 / 899 27-454, brkulj@morphosys.com About MorphoSys: MorphoSys develops and applies innovative technologies for the production of synthetic antibodies, which accelerate drug discovery and target characterization. Founded in 1992, the Company's proprietary Human Combinatorial Antibody Library (HuCAL) technology is used by researchers worldwide for human antibody generation. The Company currently has licensing agreements and/or research collaborations with Bayer (USA), Boehringer Ingelheim (Germany), Bristol-Myers Squibb (USA), Centocor Inc. (USA), Daiichi Sankyo & Co., Ltd. (Japan), GPC Biotech AG (Germany), Hoffmann-La Roche AG (Switzerland), ImmunoGen Inc. (USA), Merck & Co., Inc. (USA), Novartis AG (Switzerland), Novoplant GmbH (Germany), OncoMed Pharmaceuticals, Inc. (USA), Pfizer Inc. (USA), ProChon Biotech Ltd. (Israel), Schering AG (Germany), Schering-Plough (USA), Shionogi & Co., Ltd. (Japan), Xoma Ltd. (USA) and others. Additionally, MorphoSys is active in the antibody research market through its AbD Serotec business unit. The business unit was founded in 2003 for the purpose of exploiting the MorphoSys non-therapeutic antibody markets. MorphoSys' activities in the research antibody segment were significantly strengthened through the acquisition of the U.K. and U.S.-based Biogenesis Group in January 2005 and Serotec Group in 2006. For further information please visit the corporate website at: http://www.morphosys.com/. Statements included in this press release which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbour provided by Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The company cautions readers that forward-looking statements, including without limitation those relating to the company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Factors that may affect future operations and business prospects include, but are not limited to, clinical and scientific results and developments concerning corporate collaborations and the company's proprietary rights and other factors described in the prospectus relating to the company's recent public offering. HuCAL® and HuCAL GOLD® are registered trademarks of MorphoSys AG


 

Vancouver, December 18, 2006 - Global Developments, Inc. (PINKSHEETS: GBDP), a publicly traded venture capital company, is pleased to provide the following update with respect to World Hockey Association Corp., a junior hockey league in which Global holds an equity stake. Vancouver, December 18, 2006 - World Hockey Association Corp. (PINKSHEETS: WHKA). Fans from Armstrong to Bellingham were honored and excited as NHL legends Brad Park and Terry O'Reilly toured the league this past weekend. This is Park's second visit to many of the teams and O'Reilly's first. "It's a way of giving back to the game. This is something no other junior league does" said Park in an interview. "When I was their age, I would have loved to have been able to talk with an NHL player," O'Reilly said. "This is fun, it's an exciting league with a lot of talent", O'Reilly added. Brad Park's NHL career begun in 1968 with the New York Rangers and continued on for an amazing 17 years as he played in 1,274 NHL games (1,274 gp, 248 goals, 773 assists, 1,021 points and 1,646 PIMs). Terry O'Reilly's playing career begun in 1971 and concluded in 1985 as he played all 14 seasons with the Boston Bruins (999 gp, 229 goals, 444 assists, 673 points, and 2,430 PIMs). Following his playing career O'Reilly became the Head Coach of the Boston Bruins from 1986-1989 highlighted by a trip to the Stanley Cup Finals during the 87'- 88' campaign. Park and O'Reilly were teammates in Boston from 1975 to 1983. This is Park's second trip to Bellingham as he visited with the Bulls and assisted Head Coach Dennis Sobchuk during practice. "I had a great time here last time I visited and really enjoyed the opportunity to run practice with Dennis. The team he has formed is one of the most exciting and energetic teams in the league" Park says. "We couldn't be happier to have the support of two NHL legends like Brad Park and Terry O'Reilly. It just goes to show what an exciting league we're all a part of. These two gentlemen could be doing any number of other things, but they've decided to take an active roll in supporting the WHA Junior Hockey League". John Ayre, Director of Business Operations says. About World Hockey Association Corp. The WHA created the WHA Junior West Hockey League to promote the sport of hockey. The Junior West Hockey League is an alternative, community based league for highly skilled junior players, and is designed to promote high standards of sportsmanship in hockey. The Company's mission is to provide a financially sound economic model that is responsible to WHA investors, coaches and staff, and the junior hockey players participating on each team. World Hockey Association trades on the OTC Pink Sheets under the symbol WHKA.PK. Please visit http://www.officialwha.com for more information. About Global Developments Global Developments, Inc. is a publicly traded venture capital company. It was formed to create a unique investment vehicle representing a growing portfolio of innovative and emerging growth-oriented companies. Global acquires its portfolio companies either as wholly or partially owned subsidiaries, or as an investment where Global is the lead investor. As a result, Global maintains substantial management and operational control, thereby giving it the ability to provide significant oversight and guidance in building value and creating liquidity events for its shareholders. Global invests in companies with solid management, operational excellence, and the potential to grow substantial revenue streams. Please visit http://www.globaldevelopmentsinc.com for more information. Forward-Looking Statements You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as ``will,'' ``anticipates,'' ``believes,'' ``plans,'' ``goal,'' ``expects,'' ``future,'' ``intends,'' and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Global Developments, Inc. please refer to its Web site at http://www.globaldevelopmentsinc.com. Contact: Global Developments, Inc. Leighton Dean (604) 685-7552 ldean@globaldevelopmentsinc.com Source: GLOBAL DEVELOPMENTS, INC.


 

Announcement Expands Company's Distribution Network BEND, OR -- (MARKET WIRE) -- 12/19/06 -- IdaTech, LLC, a global fuel cell solutions developer and manufacturer, today announced the completion of an agreement with C&D Technologies, Inc. (C&D) to resell and service fuel cell solutions for backup power applications throughout North America, greatly expanding IdaTech's channel network. C&D is a leading supplier of products for reserve power systems, electronic power supplies and material handling systems in the United States and celebrated its 100th year anniversary this year. The majority of products distributed by C&D Technologies include solutions developed to sustain critical operations during power outages. This partnership adds the IdaTech extended run backup power fuel cell solutions to C&D's product portfolio. "We are very pleased to be partnering with C&D to facilitate the continued adoption of IdaTech's ElectraGen(TM) backup power fuel cell systems and extended run (ElectraGen(TM) XTR) fuel reforming systems," commented Claude Duss, IdaTech's president and chief executive officer. "C&D is well placed with the telecom industry throughout North America and this agreement signifies additional validation of IdaTech's products and capabilities in this market. We are looking forward to working closely together in 2007 to gain further adoption in the North American market." "As a leader in the industry, C&D Technologies has an extensive distribution network in the telecommunication industry in North America and a deep understanding of the changing customer needs for critical backup power solutions, including those requiring extended run times. This partnership is another key step in developing the commercial infrastructure for IdaTech's ElectraGen(TM) and XTR products," added Hal Koyama, IdaTech senior vice president of sales and marketing. About IdaTech IdaTech's fuel cell solutions are based on a flexible modular design, supporting interchangeable components, which enables IdaTech to accelerate product development incorporating proven components and subsystems into customized configurations. Additionally, IdaTech's fuel cell solutions incorporate its patented fuel processing technology and operate on a variety of fuels. IdaTech's portfolio of fuel cell solutions is based on its proprietary multi-fuel fuel processing technology, its own fuel cell stack and power module, and fuel cell system integration capabilities. With the support of strategic partners, the company's solutions are being deployed on a global scale for stationary and portable applications. About C&D Technologies, Inc. C&D Technologies provides solutions and services for the switchgear and control (utility), motive (material handling), telecommunications, and uninterruptible power supply (UPS) as well as emerging markets such as solar power. C&D Technologies engineers, manufactures, sells and services fully integrated reserve power systems for regulating and monitoring power flow and providing backup power in the event of primary power loss until the primary source can be restored. C&D Technologies' unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. C&D Technologies is headquartered in Blue Bell, PA. For more information about C&D Technologies, visit www.cdtechno.com. C&D(R) is a registered trademark of C&D Technologies, Inc. Amy Clem Marketing Communications Manager 541-322-1022 aclem@idatech.com


 

Ericsson (NASDAQ:ERIC) and Redback Networks Inc. (NASDAQ:RBAK) have today announced that they have signed a definitive agreement under which Ericsson will acquire Redback for USD 25.00 per share, or an aggregate price of approximately USD 1.9 billion. The offer represents a premium of 60 percent to Redback's [90-day] volume weighted average stock price. * Ericsson offers USD 25.00 per share in cash * A total consideration of USD 1.9 b. after deduction of net cash * Cash transaction to be internally funded * Redback brings leading IP edge technology, critical in IP networks * Expands Ericsson's IP market presence and growth opportunities * Expands Ericsson's leadership in next generation IP networks Redback was founded 1996 in San Jose, CA, the heart of Silicon Valley and listed on NASDAQ in 1998. Redback has over 700 carrier customers in more than 80 countries and employs about 800 people, including 500 R&D engineers. Fifteen of the top 20 telephone carriers worldwide use Redback's technology, including broadband routers to manage IP-based data, voice and video services. Redback has a strong position in multi-service edge routing technology, which helps carriers deliver broadband, telephone, TV and mobility services over internet-based infrastructures. The company grew sales 33 percent for full year 2005 and 87 percent for the first nine months of 2006 to USD 197 m. Carl-Henric Svanberg, president and CEO, Ericsson, says: "The combined strengths of both companies will create significant value for customers and shareholders and exciting opportunities for employees. The pace of IP deployment is accelerating as operators move to all-IP converged networks, in which quality of service requires increasingly intelligent routers with higher capacity." The ongoing and rapid build out of mobile and fixed broadband networks has led to the introduction of new IP-based services, such as VoIP, IPTV, and video-on-demand. These applications demand a very high quality of service and existing broadband networks lack the bandwidth and management tools to deliver these services in a reliable way. Telecom grade performance is the essence of Ericsson's end-to-end offering, and with the growing importance of IP-based services it is key to have our own IP routing technology as a fundamental part of Ericsson's offering. "The combination of Redback's intelligent routing technology and our leading IMS (IP Multimedia Subsystem), optical transport and broadband access puts Ericsson in a leading position with end-to-end IP solutions for both fixed and mobile operators," adds Svanberg. We see numerous expansion opportunities upgrading networks in the future, leveraging Ericsson's ongoing R&D initiatives, broadband product portfolio and the well-established market presence of Redback's router technology and IP competence. Svanberg concludes: "This transaction is consistent with our strategy of organic growth complemented with bolt-on acquisitions that speed our time to market and strengthen our competitive position. Redback brings leading IP routing technology, market presence and very competent R&D personnel that when added to Ericsson creates a very powerful and unique offering to our customers." Kevin DeNuccio, president and CEO, Redback, says: "This agreement is about accelerating market growth, integrating IP routing and mobility expertise and shaping the future of next generation networks. Video changes everything about networks today. Redback is the acknowledged technology leader delivering broadband, phone, video and mobility services over internet-based infrastructures." Upon completion of this transaction, Redback will become a wholly owned subsidiary of Ericsson, and will become a cornerstone of Ericsson's IP routing platforms and solutions. Ericsson intends to maintain Redback's offices and facilities in San Jose, CA and elsewhere. Ericsson continues to increase its investments in next generation networks. The acquisition offers time and cost synergies and is expected to be accretive from 2008, excluding possible non-cash charges relating to amortization associated with acquired intangibles. The transaction will be slightly dilutive in 2007 mainly due to one-time costs associated with the transaction. The acquisition will be conducted by means of a tender offer for all of the outstanding shares of Redback. The board of directors of Redback has unanimously recommended that the shareholders of Redback accept the offer. Completion of the transaction is subject to acceptance by shareholders and regulatory approvals and is expected before the end of February 2007. The offer, which is expected to commence within the next week, will be subject to customary conditions, including anti-trust and other regulatory clearances and the acquisition by Ericsson of a majority of Redback's shares. Holders of approximately 22 percent of the outstanding shares of Redback have agreed to tender their shares in the offer and to vote their shares in favor of the merger agreement and against any other transaction, subject to the provisions of the agreement. Citigroup and SEB Enskilda are acting as Ericsson's financial advisors in the transaction. NOTES TO EDITORS: Ericsson invites media, investors and analysts to a press conference at the Ericsson headquarters, Torshamnsgatan 23, Stockholm, at 9am (CET), December 20. A conference call for investors and analysts will begin at 3pm (CET). Live webcasts of the press conference and conference call as well as supporting slides will be available at www.ericsson.com/press and www.ericsson.com/investors. Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more at http://www.ericsson.com FOR FURTHER INFORMATION, PLEASE CONTACT Ericsson Ericsson Media Relations Phone: +46 70 222 7744, +46 8 719 6992 E-mail: press.relations@ericsson.com Ericsson Investor Relations Phone: +46 8 719 0858 E-mail: investor.relations.se@ericsson.com Investor Relations, North America Phone: +1 212 843 8435 E-mail: investor.relations@ericsson.com Redback Networks Media Doug Wills Phone: +1 408 750 5038 E-mail: dwills@redback.com Investor Relations Phone: +1 408 750 5505 E-mail: investor_relations@redback.com About Redback Networks Inc. Redback Networks Inc. manages 50 million broadband connections for 15 of the top 20 telephone carriers worldwide. Redback's multi-service routing platform delivers next generation broadband services such as VoIP, IPTV and video-on-demand. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006, Redback marks its 10 year anniversary, celebrating ten years of broadband innovation. For more information, visit Redback Networks at www.redback.com. Legal statements The tender offer described herein has not commenced. The description contained herein is neither an offer to purchase nor a solicitation of an offer to sell shares of Redback. At the time the tender offer is commenced, Redback Acquisition Corporation and Ericsson intend to file a Tender Offer Statement on Schedule TO containing an offer to purchase, forms of letters of transmittal and other documents relating to the tender offer and Redback intends to file a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer. Redback Acquisition Corporation, Ericsson and Redback intend to mail these documents to the shareholders of Redback. These documents will contain important information about the tender offer and stockholders of Redback are urged to read them carefully when they become available. Shareholders of Redback will be able to obtain a free copy of these documents (when they become available) at http://www.ericsson.com/ and the website maintained by the Securities and Exchange Commission at http://www.sec.gov/. In addition, shareholders will be able to obtain a free copy of these documents (when they become available) from Ericsson by contacting Ericsson and Redback. Forward looking statement This press release contains forward-looking statements, including statements regarding the expected benefits of the acquisition, which involve a number of risks and uncertainties. These statements are based on Ericsson's and Redback's current expectations and beliefs. Actual results could differ materially from the results implied by these statements. Factors that may cause or contribute to such differences include: the risk that the conditions to the offer or the merger set forth in the merger agreement will not be satisfied, changes in both companies' businesses during the period between now and the closing, developments in obtaining regulatory approvals for the transaction; the successful integration of Redback into Ericsson's business subsequent to the closing of the acquisition; timely development, competitive products and pricing, as well as fluctuations in demand; cost and availability of raw materials; the ability to retain key management and technical personnel of Redback; adverse reactions to the proposed transaction by customers, suppliers and strategic partners and other risks described in Redback's report on Form 10-K filed with the Securities and Exchange Commission (SEC) for the fiscal year ended December 31, 2005. Redback and Ericsson are under no obligation to (and expressly disclaim any such obligation to) update or alter their forward-looking statements whether as a result of new information, future events or otherwise.


 

BOSTON, Dec. 19, 2006 (PRIME NEWSWIRE) -- NewStar Financial Inc. (Nasdaq:NEWS), a commercial finance company, announced today the completion of its initial public offering of 12,000,000 shares of its common stock priced at $17.00 per share. NewStar sold all of the shares in the offering. NewStar also announced today that the underwriters of its initial public offering exercised in full their option to purchase an additional 1,800,000 shares of common stock from NewStar. The sale of the additional 1,800,000 shares was completed today as well. Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated were joint bookrunning managers on the transaction. Citigroup Global Markets Inc. and Wachovia Capital Markets, LLC were joint lead managers. A copy of the final prospectus related to this offering may be obtained from Morgan Stanley & Co. Incorporated, Attn: Prospectus Delivery Department at 1585 Broadway, New York, NY 10036, by telephone at (212) 761-6775, or by email at prospectus@morganstanley.com; or from Goldman, Sachs & Co., Attn: Prospectus Dept. at 85 Broad St., New York, NY 10004, by fax at (212) 902-9316 or by email at prospectus-ny@ny.email.gs.com. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. About NewStar Financial, Inc.: NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three dedicated lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products. For more information, please contact the appropriate individual below. CONTACT: NewStar Financial Inc. Scott Poirier +1 (617) 848-2525 Press-Related Inquiries: Gaffney Bennett Public Relations Annie Donnelly +1 (860) 416-1365 Patrick Kinney +1 (860) 989-9549


 

PHOENIX, Dec. 19, 2006 (PRIME NEWSWIRE) -- First Solar, Inc. (Nasdaq:FSLR) the largest thin film solar module manufacturer in the world, today announced the appointment of Paul H. Stebbins, chairman and chief executive officer of World Fuel Services Corporation, to the company's board of directors. Mr. Stebbins' appointment is effective immediately. Paul H. Stebbins has served as the chairman of World Fuel since July 2002 and has served as a director of World Fuel since June 1995. Between July 2000 and 2002, Mr. Stebbins also served as president and chief operating officer of World Fuel. In 1985, Mr. Stebbins co-founded Trans-Tec Services, a global marine fuel service company acquired by World Fuel in 1995. About First Solar First Solar, Inc. (Nasdaq:FSLR) manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions and peak time grid constraints. The First Solar, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=3052 For First Solar Investors This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. CONTACT: First Solar, Inc. Paula Vaughnn +1 (602) 414-9322 pvaughnn@firstsolar.com Edelman Justine Troy +1 (212) 704-8280 jtroy@ar-edelman.com


 

Impax Environmental Markets plc announces that as at the close of business on 18 December 2006 its undiluted net asset value ("NAV") per ordinary share was 110.35p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 109.06p. The investments in the above portfolio have been valued at bid prices. ---END OF MESSAGE---


 

Following on from the communication issued on 31st August, 2006, Allied Irish Banks, p.l.c. ("AIB") [NYSE: AIB] announces that it has now completed the sale of its 50% stake in AIB/BNY Securities Services (Ireland) Ltd to The Bank of New York Company, Inc (BNY), having secured the required regulatory approvals. For further information please contact: Ronan Sheridan Press Officer AIB Group Bankcentre Ballsbridge Dublin 4 Tel: +353-1-6414651 Alan Kelly General Manager, Group Finance AIB Group Bankcentre Ballsbridge Dublin 4 Tel: +353-1-6412162


 

Amsterdam, 19 December 2006 - Heineken N.V. announced today the acquisition of 49.99% of the shares in the Tunisian company, Société de Production et de Distribution des Boissons S.A.(SPDB). Heineken is very proud to have Mr. Boujbel, owner of major hotel operations, as its Tunisian partner. Mr. Boujbel holds the majority of the remaining shares and will add his long-standing experience to the venture. The joint venture company will invest in the construction of a new brewery and will brew and distribute Heineken® and local brands in Tunisia. Total initial investment is ¤27 million, financed through both debt and equity. Heineken's share of the equity stake corresponds to approximately ¤6 million. The new brewery will be built in Grombalia, 30 km from Tunis and will start with brewing Heineken® and a local mainstream brand. The initial production capacity of the brewery will be 200,000 hectoliters and it is expected to be operational early 2008. Tom de Man, Regional President Africa and the Middle East of Heineken N.V., commented: "The Tunisian beer market offers a good opportunity to further build our positive organic volume growth in the region. Tourism is expected to be a primary driver of sustainable economic growth and creates an opportunity to develop the profitable premium beer segment, in which the Heineken brand will play a leading role. Our partnership with Mr. Boujbel with his excellent local knowledge and reputation, will make a significant contribution to the success of the venture." The Tunisian beer market is growing and is currently estimated at 1 million hectoliters. Per capita consumption is 10 litres, the second highest in the region, after Turkey. Because of import restrictions, Heineken® is currently only available through duty free shops. Editorial information: Heineken N.V. is the most international brewer in the world. The Heineken brand is sold in almost every country in the world and the company owns over 115 breweries in more than 65 countries. With group beer volume of 119 million hectolitres Heineken ranks fourth in the world beer market by volume. Heineken strives for an excellent sustainable financial performance through marketing a portfolio of strong local and international brands with the emphasis on the Heineken brand, through a carefully selected combination of broad and segment leadership positions and through a continuous focus on cost control. In 2005, revenues amounted to ¤11 billion and net profit before exceptional items and amortisation of brands amounted to ¤840 million. Heineken employs 64,000 people. Heineken N.V. and Heineken Holding N.V. shares are listed on the Amsterdam stock exchange. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIN NA and HEIO NA and on the Reuter Equities 2000 Service under HEIN.AS and HEHN.AS. Additional information is available on Heineken's home page: http//www.heinekeninternational.com. Press enquiries Véronique Schyns Tel: +31 (0)6 20300139 veronique.schyns@heineken.com Investor and analyst enquiries Jan van de Merbel Tel: +31 (0)20 52 39 590 investors@heineken.com


 

Vancouver, December 19, 2006 - Global Developments, Inc. (PINKSHEETS: GBDP), a publicly traded venture capital company, is pleased to provide the following update with respect to Veridigm's Systems Inc., a telemedicine company in which Global holds an equity stake. LOS ANGELES, Dec. 19 /PRNewswire-FirstCall/ -- Network communication and technology company serving the healthcare and telemedicine industries, Veridigm, Inc. (OTC Bulletin Board: VRDG), announced today the successful completion of a week long demonstration of the Company's proprietary two-way, real-time audio, video and data transmission technology, its private ATM network, and telemedicine platform. The demonstration featured a broadcast between Veridigm's New York office and the Los Angeles office of Veridigm's joint venture partner Jump Communications, Inc. With Veridigm representatives in New York and Los Angeles, Veridigm showcased the use of diagnostic devices that can provide vivid visuals in real-time to remote physicians. With Dr. Paul Castillo, Veridigm's Chief Medical Officer, in Los Angeles conducting the mock examination of a patient, Dr. Michael Gallagher, Veridigm's Medical Director, was able to consult in the examination from New York. Rather than using conventional multiplexed phone lines or the Internet for two-way video, audio and data exchange, Veridigm offers its own high-speed "switched" telephone network. Because of this critical difference, point to point communications occur in real-time, connections are secure as there is no intermediary public routing system, and the data flows bi-directionally unrestricted by the constraints of conventional telephone company bandwidth requirements. Together with the proprietary technology for compression and switching, Veridigm is able to provide a comprehensive communication experience. Dr. Ronald J. Pion, Clinical Professor at UCLA School of Medicine and Strategic Consultant and founder of the Hospital Satellite Network, who witnessed the demonstration in Los Angeles, commented, "Veridigm intends to be a leader in telecommunications for patients and their providers. Their timely 'turn-key' technology platform offers a variety of solutions to the many challenges currently facing the healthcare industry. The company provides interactive dialogue, access to knowledge and secure connectivity to the practice of medicine in real time." Jeff Flammang, Veridigm's Chief Executive Officer, stated, "We are pleased to have taken this important step in our path to commercial deployment. With the medical costs continuing to increase at astonishing rates, the healthcare industry needs to reduce medical costs and increase quality of medical treatment by making available the extraordinary advancements in diagnostic and treatment technologies for all. For this to occur, the need and demand for Veridigm's private and secure network together with our technological excellence is now." About Veridigm A telemedicine and network communication company based in Los Angeles, California, Veridigm enables doctors, healthcare providers, and patients in disparate locations to interact, exchange and display complex diagnostic audio/video, in real-time and in complete privacy. Helping eradicate the geographic and financial barriers keeping countless rural patients from receiving proper care from remote urban health specialists, Veridigm develops, markets, and sells its proprietary telemedicine products and services to major hospitals, medical facilities, and other healthcare-related centers throughout North America and eventually worldwide. For more information please visit www.veridigm.com. About Global Developments Global Developments, Inc. is a publicly traded venture capital company. It was formed to create a unique investment vehicle representing a growing portfolio of innovative and emerging growth-oriented companies. Global acquires its portfolio companies either as wholly or partially owned subsidiaries, or as an investment where Global is the lead investor. As a result, Global maintains substantial management and operational control, thereby giving it the ability to provide significant oversight and guidance in building value and creating liquidity events for its shareholders. Global invests in companies with solid management, operational excellence, and the potential to grow substantial revenue streams. Please visit http://www.globaldevelopmentsinc.com for more information. Forward-Looking Statements You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as ``will,'' ``anticipates,'' ``believes,'' ``plans,'' ``goal,'' ``expects,'' ``future,'' ``intends,'' and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Global Developments, Inc. please refer to its Web site at http://www.globaldevelopmentsinc.com. Contact: Global Developments, Inc. Leighton Dean (604) 685-7552 info@globaldevelopmentsinc.com Source: GLOBAL DEVELOPMENTS, INC.


 

SEB AG in Germany sells its retail debt collection subsidiary Union Inkasso GmbH to the Hoist Group. In addition to the debt collection platform, Hoist acquires SEB AG's non-performing retail claim portfolio, currently administered by Union Inkasso. Furthermore, Hoist and SEB AG establish a co-operation in non-performing retail debt collection. Founded in 1985, Union Inkasso pursues debt collection activities in Germany relating to unsecured and secured non-performing retail claims. The company has 85 employees and currently services approximately 90 000 claims. The transaction will be closed in 2007 and will have a marginally positive effect on SEB's result in the first quarter. Since the Bank opened in 1856, generations of customers and employees have made SEB what it is today. This year the Group is celebrating 150 years of longstanding customer relationships, entrepreneurship and international outlook. The SEB Group is a North European financial group for 400,000 corporate customers and institutions, and 5 million private customers. SEB has local presence in the Nordic and Baltic countries, Germany, Poland, the Ukraine and Russia and has a global presence through its international network in another 10 countries. On 30 June 2006, the Group's total assets amounted to SEK 1,986bn while its assets under management totalled SEK 1,086bn. The Group has about 20,000 employees. Read more about SEB at www.sebgroup.com. ___________________________________________________________________________________________ For further information, please contact: Ulf Grunnesjö, Head of Investor Relations, +46-70+763 8501 Elisabet Linge Bergman, acting Communications manager, +46 8 763 88 04


 

(IFN) SAS Ground Services has been selected by Icelandair to provide its ground handling services at the airports in Oslo and Bergen in Norway, and Stockholm and Gothenburg in Sweden, Scandinavian airline operator SAS AB said on Tuesday.The company said that the agreement also includes a deicing service at Oslo airport. Together with SGS current services to Icelandair at the Copenhagen and Helsinki airports, the deal entails around 2,100 departures per year.The contract will be effective from Feb. 1, 2007.


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the Takeover Code) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | Tisbury Capital | | | Management LLP | |------------------------------------------------+------------------| | Company dealt in | Corus Group Plc | |------------------------------------------------+------------------| | Class of relevant security to which the | 50p ordinary | | dealings being disclosed relate (Note 2) | | |------------------------------------------------+------------------| | Date of dealing | 18 December 2006 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +-------------------------------------------------------------------+ | | Long | Short | | | | | |--------------------------------+-------------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |--------------------------------+------------+------+--------+-----| | (1) Relevant securities | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (2) Derivatives (other than | | | | | | options) | 29,814,965 | 3.30 | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | Total | 29,814,965 | 3.30 | | | | | | | | | +-------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +-------------------------------------------------------------------+ | Class of relevant security: | Long | Short | | | | | |-------------------------------------+--------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (1) Relevant securities | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (2) Derivatives (other than | | | | | | options) | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | Total | | | | | | | | | | | +-------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | | | | | | | | |---------------+----------------------+-------------------------| | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short | Number of securities | Price per | | name, | (Note 6) | (Note 7) | unit (Note 5) | | e.g. CFD | | | | |----------+------------+---------------------------+---------------| | CFD | Long | 500,000 | 526.3500 GBp | |----------+------------+---------------------------+---------------| | CFD | Long | 1,000,000 | 526.5000 GBp | |----------+------------+---------------------------+---------------| | CFD | Long | 500,000 | 526.0000 GBp | |----------+------------+---------------------------+---------------| | CFD | Long | 500,000 | 526.0000 GBp | |----------+------------+---------------------------+---------------| | CFD | Long | 1,150,000 | 525.5700 GBp | |----------+------------+---------------------------+---------------| | CFD | Long | 812,160 | 526.2001 GBp | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 19/12/2006 | |------------------------------------------------+------------------| | Contact name | Stephen Platts | |------------------------------------------------+------------------| | Telephone number | +44 20 7070 9635 | |------------------------------------------------+------------------| | If a connected EFM, name of offeree/offeror | | | with which connected | | |------------------------------------------------+------------------| | If a connected EFM, state nature of connection | | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Finansinspektionen (FI), the Swedish Financial Supervisory Authority, has notified SEB that the internal credit risk models of the bank are deemed reliable and meets the standards of the Internal Ratings Based (IRB) approach. This means that SEB is among the first banks in the world to have its IRB models approved. With the implementation of the new capital accord (Basel II) from 2007, banks can choose between using standardised methods or internal risk measurement models for calculating the capital requirement for credit exposures. The internal methods require regulatory approval. SEB has now received the approval to become an IRB bank, applying the foundation approach from 2007 and moving to the advanced approach by 2010 latest. "The regulatory approval shows that our internal risk and capital management processes are of first-rate quality", says Per-Arne Blomquist, CFO of SEB. The approval covers the majority of SEB's exposures towards corporates, institutions, banks and household mortgages in Sweden and Germany. In total 74% of the credit exposures within SEB are encompassed and the remainder will be included during the next few years. Effect on RWA and capitalisation As communicated on SEB's Capital Markets Day on 11 December, the risk-weighted assets (RWA) will be significantly reduced with up to 35 per cent once the full roll-out of the internal models for credit and operational risk has been completed. The RWA reduction is largely due to SEB's relatively large share of lending towards larger businesses with good credit standing and housing finance in Sweden and Germany. The initial capital effects are limited due to the supervisory application of capital release floors during the first few years. Buffers above the minimum capital requirement will be maintained to meet SEB's AA-rating ambition and the increased business cycle sensitivity that Basel II includes. Since the Bank opened in 1856, generations of customers and employees have made SEB what it is today. This year the Group is celebrating 150 years of longstanding customer relationships, entrepreneurship and international outlook. The SEB Group is a North European financial group for 400,000 corporate customers and institutions, and 5 million private customers. SEB has local presence in the Nordic and Baltic countries, Germany, Poland, the Ukraine and Russia and has a global presence through its international network in another 10 countries. On 30 June 2006, the Group's total assets amounted to SEK 1,986bn while its assets under management totalled SEK 1,086bn. The Group has about 20,000 employees. Read more about SEB at www.sebgroup.com. ____________________________________________________________________________ For further information, please contact: Per-Arne Blomquist, Chief Financial Officer, +46 8 763 75 93 Ulf Grunnesjö, Head of Investor Relations, +46 8 763 85 11 Elisabet Linge Bergman, acting Communications Manager, +46 8 763 88 04


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | Elliott Advisors (UK) | | | Ltd. | |-------------------------------------------+-----------------------| | Company dealt in | Corus Group PLC | |-------------------------------------------+-----------------------| | Class of relevant security to which the | Ordinary Shares | | dealings being disclosed relate (Note 2) | | |-------------------------------------------+-----------------------| | Date of dealing | 18 December 2006 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +---------------------------------------------------------------------------------------------------------+ | | Long | Short | | | | | |---------------+------------------------------------------+----------------------------------------------| | |Number |Number | | |(%) | (%) | |---------------+------------------------------------------+----------------------------------------------| |(1) Relevant | | | |securities | | | | | | | |---------------+------------------------------------------+----------------------------------------------| |(2) Derivatives|17,199,003 1.9319% | | |(other than | | | |options) | | | | | | | |---------------+------------------------------------------+----------------------------------------------| |(3) Options and| |2,500,000 0.2782% | |agreements to | | | |purchase/sell | | | | | | | |---------------+------------------------------------------+----------------------------------------------| |Total |17,199,003 1.9319% |2,500,000 0.2782% | | | | | +---------------------------------------------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +--------------------------------------------------------------------------------------------------------------+ |Class of relevant security: | Long | Short | | | | | | | | | |-----------------------------+-----------------------------+--------------------------------------------------| | |Number |Number (%)| | | (%) | | |-----------------------------+-----------------------------+--------------------------------------------------| |(1) Relevant | | | |securities | | | | | | | |-----------------------------+-----------------------------+--------------------------------------------------| |(2) Derivatives (other than | | | |options) | | | | | | | |-----------------------------+-----------------------------+--------------------------------------------------| |(3) Options and agreements to| | | |purchase/sell | | | | | | | |-----------------------------+-----------------------------+--------------------------------------------------| |Total | | | | | | | +--------------------------------------------------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short | Number of securities | Price per | | name, | (Note 6) | (Note 7) | unit (Note 5) | | e.g. CFD | | | | |----------+------------+---------------------------+---------------| | CFD | Long | 180,000 | 5.254119 | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |Date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) YES/NO +-------------------------------------------------------------------+ | Date of disclosure | 19 December 2006 | |------------------------------------------------+------------------| | Contact name | Philippa Rowan | |------------------------------------------------+------------------| | Telephone number | 0207 518 1818 | |------------------------------------------------+------------------| | If a connected EFM, name of offeree/offeror | | | with which connected | | |------------------------------------------------+------------------| | If a connected EFM, state nature of connection | | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Reference is made to the release dated October 20. Songa Offshore ASA has today entered into a contract for the Songa Dee. The contract is firm for 2 years and includes 2 six month option periods. The Operators, Marathon Petroleum Company (Norway) and Lundin Petroleum AB, may use the Songa Dee in the Norwegian and the UK sectors of the North Sea on an equal time basis. The contract will commence when the rig is released by the current operator, which may be during the fourth quarter of 2008, or the first quarter of 2009. The contract value for the firm period is in excess of USD 310 million. Among other elements, the contract includes cost escalation clauses, and standard provisions for mobilisation. Oslo, 19 December 2006 Board of Directors Songa Offshore ASA


 

Advance UK Trust plc announces that it has purchased 125,000 of its own ordinary shares in the market at 215.5p per share. These shares will be held by the Company in Treasury. Following this share re-purchase, the Company's share capital will remain unchanged at 41,914,660 ordinary shares. The Company will be holding 2,425,000 of these ordinary shares in Treasury. Therefore, the total number of ordinary shares with voting rights in the Company is 39,489,660. ---END OF MESSAGE---


 

TietoEnator Corporation Stock Exchange Release 19 December 2006, 3.45 PM EET According to the incentive plan rewards can be paid either as shares or in cash during the years 2007-2009. The cash payment covers taxes and tax-related costs. The share part of the programme has a maximum scope of 200 000 shares for the whole three-year period. The allocated amount of rewards each year is dependent on reaching financial performance targets that are set by the Board of Directors annually. The allocation regarding the year 2007 requires improvement in TietoEnator Group's Earnings per Share (EPS) compared with 2006. The maximum allocation requires 30% improvement in EPS. It is prohibited to transfer the shares within two years from the end of an earning period. The incentive plan is targeted to approximately 50 key employees. TIETOENATOR CORPORATION DISTRIBUTION Helsinki Stock Exchange Stockholmsbörsen Principal Media TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and the latest information technology. TietoEnator has over 15 000 experts in more than 25 countries. www.tietoenator.com


 

TietoEnator Corporation Stock Exchange Release 19 December 2006, 3.35 pm EET TietoEnator's Board of Directors decided to cancel all the company's shares that were acquired by the company in September 2006 under the authorization granted to the Board by the Annual General Meeting on 23 March 2006. The 1,745,000 shares to be cancelled represent 2.2 % of the total number of shares and voting rights in the company. Following registration, the aggregate number of shares in TietoEnator amounts to 74.096.462 and TietoEnator continues to have 500,000 shares in its possession. Shares held by the company represent 0.6% of all the shares and voting rights. TIETOENATOR CORPORATION DISTRIBUTION Helsinki Stock Exchange Stockholmsbörsen Principal Media TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and the latest information technology. TietoEnator has over 15 000 experts in more than 25 countries. www.tietoenator.com


 

TietoEnator Corporation Stock Exchange Release 19 April 2006 3.30 pm EET TietoEnator's Board of Directors decided to apply for listing on the Helsinki Stock Exchange of its EUR 100,000,000 4.34 % coupon bond due on 12 December 2013. The bond was issued on 12 December 2006 and directed at a limited number of institutional investors and arranged by Handelsbanken Capital Markets. The purpose of the bond is to rearrange TietoEnator's external financing, it will extend the maturity profile of its debt and guarantee fixed rate financing for a longer period of time. TIETOENATOR CORPORATION DISTRIBUTION Helsinki Stock Exchange Stockholmsbörsen Principal Media TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and the latest information technology. TietoEnator has over 15 000 experts in more than 25 countries. www.tietoenator.com


 

Nordic Business Report-December 19, 2006-TietoEnator Corporation to apply for listing of EUR100m bond (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish-Swedish IT group TietoEnator Corporation said on Tuesday (19 December) that its board of directors has decided to apply for listing on the Helsinki Stock Exchange of its EUR100m 4.34% coupon bond due on 12 December 2013. The bond was issued on 12 December 2006, directed at a limited number of institutional investors and arranged by Handelsbanken Capital Markets. The purpose of the bond is to rearrange TietoEnators external financing. It will extend the maturity profile of its debt and guarantee fixed rate financing for a longer period of time. TietoEnator is one of Europes largest IT groups with over 15,000 employees in more than 25 countries. The company is listed on the Nordic Exchange in Helsinki and Stockholm. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

MJD SMS PROVIDES TURNKEY SMS/MMS SERVICES December 19; Coral Springs, FL - MJD Films, a subsidiary of Global Realty Development Corporation, (GRD) (OTCBB:GRLY) today launched MJD SMS, a full service text message marketing division. MJD SMS provides turnkey solutions for text messaging campaigns for both SMS and MMS applications. With its joint venture partnership with Smart SMS (PINKSHEETS:STMC), MJD SMS provides logistics, data capture, marketing, promotion, campaign creation and management services. MJD SMS can provide gross income per text to major television networks, television shows and network advertisers who provide content and/or mass marketing exposure for SMS campaigns. MJD SMS can also provide gross income per text to major web portals for mass marketing exposure. MJD SMS, turnkey solutions and mass marketing capabilities can also be outsourced to major film studios, independent movie producers, television networks, broadband content providers and advertising clients for their text messaging campaigns. MJD SMS is working with various potential joint venture partners to provide the next generation of SMS/MMS, including linguistics recognition, content streaming, G5 technology, voice recognition and various interactive capabilities. The first MJD SMS endeavor is a one-of-a-kind text messaging-based campaign called, "Text Your Way to Stardom." The campaign offers the chance to win a feature role in MJD's upcoming film, "The Devil Exists" or a track on the soundtrack for the film. "SMS and MMS messaging campaigns are the next wave of entertainment and brand marketing," stated Roy Sciacca, CEO of MJD Films. "The launch of MJD SMS enables us to garner early exposure for "The Devil Exists" through one of the most direct channels in marketing -mobile phone screens." For further information about Global Realty Development Corp, please visit http://www.grdcorporation.com About Global Realty Development Corp. Global Realty Development Corp. (OTCBB:GRLY) is an international land development company operating through various real estate development subsidiaries. Global acquired MJD Films and the majority interest in the TFM Group and is focused on pursuing opportunities in the entertainment and gaming industry. Safe Harbor Statement Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of GLOBAL officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future GLOBAL actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and GLOBAL has no specific intention to update these statements. Redwood Consultants, LLC 415-884-0348 InvestorInfo@RedwoodConsultants.com 5W Public Relations 212-999-5585 kmercuri@5wpr.com


 

Leiden, The Netherlands, December 19, 2006 - Dutch biotechnology company Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) today announced that it has obtained regulatory and ethical approval to test the safety, tolerability and immunogenicity of its AdVac®-based malaria vaccine it is currently developing in collaboration with the National Institute of Allergy and Infectious Diseases (NIAID), part of the US National Institutes of Health (NIH). This opens the way for the imminent commencement of a Phase I clinical trial, with recruitment of volunteers underway. The clinical trial will be a randomized, double-blind, placebo-controlled study that will test the vaccine in a dose-escalation trial involving 96 healthy volunteers. The Phase I trial will be funded by NIAID and conducted by researchers at Vanderbilt University, one of NIAID's Vaccine and Treatment Evaluation Units. "The entry of our AdVac®-based malaria vaccine into the clinic is a proud moment for Crucell," said Jaap Goudsmit, Chief Scientific Officer at Crucell. "The development of a vaccine against malaria is one of the most important challenges facing global health organizations today, and we believe that we are developing, together with the NIAID, one of the most promising candidate malaria vaccine to date." About malaria Malaria is one of the biggest killers among communicable diseases today. It is caused by the Plasmodium parasite and transmitted from person-to-person through the bite of a female Anopheles mosquito. The disease currently represents one of the most prevalent infections in tropical and subtropical areas causing severe illness in 300 to 500 million individuals worldwide and causing up to three million deaths every year. Most of these deaths occur among children and pregnant women in the developing world, especially in sub-Saharan Africa. Although the overwhelming majority of morbidity and mortality associated with malaria occur in the developing world, the disease also affects travelers. About Crucell-NIH Collaboration In March 2004, it was announced that the NIAID would support the development of an AdVac®-based candidate malaria vaccine with Crucell. The agreement had an estimated value of up to US$3.5 million, covering process development of the candidate malaria vaccine including the production of clinical trial material and the Investigational New Drug (IND) filing. In September 2006, Crucell and the NIAID extended the collaboration with the signing of a clinical trial agreement. About AdVac® technology AdVac® technology is a vaccine technology developed by Crucell considered to play a potentially important role in the fight against emerging and re-emerging infectious diseases, and in bio-defense. The technology supports the practice of inserting genetic material from the disease-causing virus or parasite into a 'vehicle' called a vector, which then delivers the immunogenic material directly to the immune system. Most vectors are based on an adenovirus, such as the virus that causes the common cold. AdVac® technology is specifically designed to manage the problem of pre-existing immunity in humans against the most commonly used recombinant vaccine vector, adenovirus serotype 5 (Ad5), without compromising large-scale production capabilities or the immunogenic properties of Ad5. AdVac® technology is based on adenovirus vectors that do not regularly occur in the human population, such as Ad11 and Ad35. In contrast to the AdVac® vectors, antibodies to Ad5 are widespread among people of all ages and are known to lower the immune response to Ad5-based vaccines, thereby impairing the potency of these vaccines. AdVac® vectors can be engineered to contain small genetic fragments of different viruses. This makes the development of a wide variety of new vaccines possible. AdVac® vectors also can be produced on the PER.C6® using Crucell's PER.C6® production technology, which supports cost-effective production of safe vaccines in commercial quantities. About Crucell Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) is a biotechnology company focused on research, development and worldwide marketing of vaccines and antibodies that prevent and treat infectious diseases. Its vaccines are sold in public and private markets worldwide. Crucell's core portfolio includes a vaccine against hepatitis B, a fully-liquid vaccine against five important childhood diseases, and a virosome-adjuvanted vaccine against influenza. Crucell also markets travel vaccines, such as the only oral anti-typhoid vaccine, an oral cholera vaccine and the only aluminum-free hepatitis A vaccine on the market. The Company has a broad development pipeline, with several Crucell products based on its unique PER.C6® production technology. The Company licenses this and other technologies to the biopharmaceutical industry. Important partners and licensees include DSM Biologics, sanofi aventis, GSK and Merck & Co. Crucell is headquartered in Leiden (the Netherlands), with subsidiaries in Switzerland, Spain, Italy, Sweden, Korea and the US. The Company employs over a 1000 people. For more information, please visit www.crucell.com. Forward-looking statements This press release contains forward-looking statements that involve inherent risks and uncertainties. We have identified certain important factors that may cause actual results to differ materially from those contained in such forward-looking statements. For information relating to these factors please refer to our Form 20-F, as filed with the U.S. Securities and Exchange Commission on July 6, 2006, and the section entitled "Risk Factors". The Company prepares its financial statements under generally accepted accounting principles in the United States (US GAAP) and Europe (IFRS). For further information please contact: Crucell N.V. For Crucell in the US: Leonard Kruimer Redington, Inc. Chief Financial Officer Thomas Redington Tel. +31-(0)71-524 8722 Tel. +1 212-926-1733 Leonard.Kruimer@crucell.com tredington@redingtoninc.com


 

Cargotec Corporation, Stock Exchange Announcement, December 19, 2006 at 2.45 p.m. Finnish time Cargotec option rights were granted as part of the demerged Kone Corporation's year 2004 option program. In 2007, shares can be subscribed with the option rights according to the following time schedule within the period from January 2 to November 30: Share subscription deadline Entry into the Trade Register by February 21, 2007 March 15, 2007 April 19, 2007 May 15, 2007 July 16, 2007 August 31, 2007 October 15, 2007 October 31, 2007 November 30, 2007 December 31, 2007 Cargotec's Board of Directors does not handle the share subscriptions between the end of the financial period 2007 and the Annual General Meeting of 2008. Trading in the shares subscribed with the option rights will begin on the following stock exchange day after the trade register entry. Each Cargotec option right entitles the holder to subscribe for three (3) Cargotec class B shares. The share subscription price according to the terms of the option program is 8.59 euros per share. Share subscription period with series A option rights ends on March 31, 2008 and with series B option rights on March 31, 2009. Sender: Cargotec Corporation Kari Heinistö Senior Executive Vice President and CFO Eeva Mäkelä SVP, Investor Relations and Communications For further information, please contact: Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281 Cargotec Corporation is the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company employs some 8,000 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange. www.cargotec.com


 

Nordic Business Report-December 19, 2006-Aspocomp Group Oyj to cut 113 jobs in Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish high-tech component manufacturer Aspocomp Group Oyj said on Tuesday (19 December) that it has completed personnel negotiations that were started in November at the companys Salo and Padasjoki plants and in the groups research and development. As a result, a total of 113 personnel were made redundant. Production at the Padasjoki plant will be closed down and its 18 personnel made redundant. The Salo plant is being converted into a manufacturer of new and technologically demanding products that are at the early phase of their life cycle. The negotiations concerned about 430 personnel at Aspocomp Oy, including the Salo and Padasjoki plants and in research and development. Due to the cost of the layoffs, Aspocomps result for the last quarter of 2006 will not reach the level of the third quarter. Aspocomp Group, headquartered in Helsinki, Finland, develops interconnection solutions for the electronics industry. The companys production facilities are located in Finland, China and Thailand. In 2005 the groups net sales stood at EUR154m and it had about 3,400 employees. Aspocomp Group is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.48 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 19, 2006-HK Ruokatalo Oyj subsidiary cuts 26 jobs (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish meat and poultry company HK Ruokatalo Oyj said on Tuesday (19 December) that its subsidiary, LSO Foods Oy, has completed its personnel negotiations. As a result a total of 26 employees were made redundant. The negotiations were due to overlapping operations. HK Ruokatalo Group, headquartered in Turku, Finland, is an international food company that produces, sells and markets meat products, poultry meat, processed meat products and convenience foods. The group has business activities in Finland, Estonia, Latvia, Lithuania, Russia and Poland. The group reported revenue of EUR883.3m in 2005 and it employs some 4,300 people in Finland and the Baltics, while the Polish associate Sokolow has some 5,000 employees. HK Ruokatalo Group is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 
Hitt og þetta
19. desember 2006

Issue of Equity

Quadnetics Group PLC (the "Company") 19 December 2006 Issue of Equity During December 2005 and January 2006 a total of 113,300 New Quadnetics Shares were allotted to holders of Protec Shares who had validly accepted the offer for Protec. These allotments were announced via the regulatory news service but no application for trading was made at the time. Application will be made to the London Stock Exchange for these New Quadnetics Shares to be admitted to trading as soon as practicable. ENDS ---END OF MESSAGE---


 

ASPOCOMP GROUP OYJ STOCK EXCHANGE RELEASE December 19, 2006 at 1:55 PM The codetermination negotiations, started in November at the Aspocomp's Salo and Padasjoki plants and the Group's research and development, were concluded today. As a result, a total of 113 personnel were made redundant. Of those, 102 were non-salaried and 11 salaried employees. Production at the Group's Padasjoki plant will be closed down and its 18 personnel terminated. Following the personnel cuts, the Salo organization and the Group's research and development organization consists of 243 non-salaried and 49 salaried employees in total. The negotiations concerned about 430 personnel at Aspocomp Oy, including the Salo and Padasjoki plants and the Group's research and development. The Salo plant is being converted into a manufacturer of new and technologically demanding products that are at the early phase of their life cycle. Volume production has been transferred to Asia in order to serve the global customers cost-effectively in the fastest growing markets. Due to the layoff costs, the result for the last quarter of 2006 will not reach the level of the third quarter. The tangible asset impairment will be specified in the financial statements for the current year. For further information, please contact Maija-Liisa Friman, CEO, tel. +358 9 7597 0711. ASPOCOMP GROUP OYJ Maija-Liisa Friman President and CEO Aspocomp: Innovative interconnection solutions for the electronics industry The Aspocomp Group offers and develops innovative interconnection solutions for the electronics industry in close cooperation with its customers. We are strongly positioned as a supplier of mobile data terminal equipment components and aim to further bolster our position as a supplier to the automotive industry and data communications networks. We offer our global customers a fast road to mass production through flexible and cost-effective adaptation of new technologies. The Aspocomp Group's production facilities are located close to its customers in Finland, China, and Thailand. In 2005, the Group's net sales stood at EUR 154 million and it had about 3,400 employees. Distribution: The Nordic Exchange Major media www.aspocomp.com


 

Nordic Business Report-December 19, 2006-Kungsleden AB acquires properties for SEK565m (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish property company Kungsleden AB said on Tuesday (19 December) that it has acquired 13 commercial and warehouse properties from Runsven Gruppen AB. The properties, comprising a total of approximately 95,000 square metres, were acquired for SEK565m. Kungsleden, headquartered in Stockholm, Sweden, has a portfolio of 652 properties in 132 municipalities in Sweden. The company is quoted on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 19, 2006-Rocksource ASA acquires 25% working interest in UK production licence through farm-in agreement with Capital Oil (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian oil exploration and production company Rocksource ASA said on Tuesday (19 December) that its subsidiary, Rocksource UK Ltd, has acquired a 25% working interest in production licence P.1378 on the United Kingdom Continental Shelf. Rocksource UK acquired the stake through a farm-in agreement with Swedish company Capital Oil AB under which Rocksource will pay 25% of past costs to Capital Oil, as well as cover the purchase of additional data. "The main prospect in the block potentially holds in excess of 100m barrels of recoverable oil. The prospects are ideally suited to testing with Rocksources propriety EM technology," Rocksource said. Rocksource is headquartered in Oslo, Norway. The company is listed on the Oslo Stock Exchange and traded under the ticker RGT. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 19, 2006-Swedish online travel company Travelstart expands to Finland, the UK and the Netherlands (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish online travel company Travelstart announced on Tuesday (19 December) that it is expanding its operations to Finland, the United Kingdom and the Netherlands. In the UK and in the Netherlands the operations will be branded Openjet.com and the Finnish operations will use the name Travelstart. Travelstart is already providing online travel services in Sweden, Denmark, Norway, Ireland and South Africa. Travelstart is headquartered in Malmo in Sweden. The company served some 130,000 travellers in 2005. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 19, 2006-Swedish solar cell panels manufacturer PV Enterprise Sweden AB wins SEK150m contract from US company SolarPowerIndustries Inc (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish solar cell panels manufacturer PV Enterprise Sweden AB said on Tuesday (19 December) that it has secured an order for solar cell panels from US company SolarPowerIndustries Inc. The order covers the delivery of approximately 5MW during 2007 and 2008, and includes an option for further 3.5MW. The firm order is valued at approximately SEK150m. PV Enterprise, headquartered in Vilshult in Sweden, is one of Swedens leading manufacturers of solar cell panels. The company has production in Sweden and Poland. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | AXA Investment Managers UK | | | Limited/AXA Framlington | | | Investment Management Limited | |-----------------------------------+-------------------------------| | Company dealt in | RHM Plc | |-----------------------------------+-------------------------------| | Class of relevant security to | Ordinary shares | | which the dealings being | | | disclosed relate (Note 2) | | |-----------------------------------+-------------------------------| | Date of dealing | 18/12/06 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +-------------------------------------------------------------------------------------------+ | | Long | Short | | | | | |---------------+--------------------------+------------------------------------------------| | |Number |Number | | | (%) | (%) | |---------------+--------------------------+------------------------------------------------| |(1) Relevant |4,534,337 (1.30%) | | |securities | | | | | | | |---------------+--------------------------+------------------------------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+--------------------------+------------------------------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+--------------------------+------------------------------------------------| |Total |4,534,337 (1.30%) | | | | | | +-------------------------------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +--------------------------------------------------------------------------+ |Class of | Long | Short | |relevant | | | |security: | | | | | | | |---------------+----------------------------+-----------------------------| | |Number |Number | | | (%) | (%) | |---------------+----------------------------+-----------------------------| |(1) Relevant | | | |securities | | | | | | | |---------------+----------------------------+-----------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+----------------------------+-----------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+----------------------------+-----------------------------| |Total | | | | | | | +--------------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | Sold | 40,547 | 3.998p | | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short (Note | Number of securities | Price per | | name, | 6) | (Note 7) | unit (Note | | e.g. CFD | | | 5) | |----------+------------------+------------------------+------------| | | | | | | | | | | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 19/12/06 | |--------------------------------------------------+----------------| | Contact name | Tariq Ghandour | |--------------------------------------------------+----------------| | Telephone number | 0207 003 2805 | |--------------------------------------------------+----------------| | If a connected EFM, name of offeree/offeror with | N/A | | which connected | | |--------------------------------------------------+----------------| | If a connected EFM, state nature of connection | N/A | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

AMERICAN MARKETS OUTLOOK: U.S. stock markets are set to open lower Tuesday, as European economic data released earlier in the day give rise to a "dollar-negative" environment, which weighed on European equities and U.S. futures, says Angus Campbell of spreadbetter Finspreads. U.S. Nov PPI data and housing starts, due at 1330 GMT, may offer some direction later in the day, Campbell says. Finspreads is calling the Dow Jones Industrial Average to open down 17 points at 12,424, the S&P 500 down 2 points at 1,421 and the Nasdaq 100 down 3 points at 1,788. EUROPEAN MARKETS: European markets are lower midday, following profit-taking-related losses in U.S. stock markets overnight, especially in the technology sector, and declines in Asian markets after the Thailand stock exchange tumbled overnight. Londons FTSE 100 is down 0.47% at 6,218.00, after investors sold commodity shares in a broadly lower market, with declines in oil companies also pressuring the top index. In Frankfurt, the DAX is down 0.58% at 6,559.04, amid thin trading volumes as a weaker performance on Asian markets weighs on the market, a trader says. In Paris the CAC 40 is down 0.72% at 5,490.28. Bunds fell sharply on the back of stronger than expected German Ifo data, but have since seen small dip-buying, while gilts followed suite. March bunds are down 0.09 at 117.13 and March gilts are down 0.03 at 108.44. At 1125 GMT, the dollar was down in Europe to Y118 from Y118.15 late Monday, pushed a little lower by end-year profit-taking in thin markets. The euro was up to $1.3165 from $1.31, while the pound was up to $1.9630 from $1.9485, boosted by merger and acquisition activity in Europe. =========================== TOP STORIES: GERMAN DEC IFO BUSINESS CLIMATE RISES TO 108.7: German business confidence improved in December, as firms trading outlook improved unexpectedly, data from the Ifo Institute showed. (Data Snap by Christian Vits) SWISSCOM TO BUY BACK VODAFONE STAKE IN SWISSCOM MOBILE: Swiss incumbent operator Swisscom AG (SCM) said it will buy back the 25% stake that Vodafone (VOD) holds in its mobile unit for 4.25 billion Swiss francs ($3.48 billion). (By Hans Schoemaker) LSE FORMALLY REJECTS NASDAQ; UPBEAT ON 07: London Stock Exchange Group PLC (LSE.LN) formally rejected the GBP2.7 billion ($5.25 billion) offer from Nasdaq Stock Market Inc. (NDAQ), dubbing it "wholly inadequate". (By Gren Manuel and Henry Teitelbaum) ============================ INSIGHT & ANALYSIS FROM DOW JONES NEWSWIRES: =FOREX FOCUS: The euro could well head into 2007 on a high note. (By Nicholas Hastings) =CHARTING EUROPE: The euro neared its all-time high against the yen at Y155.63 early Tuesday and is expected to break through it later in the day. (By Axel Rudolph) =ASSET CLASS: Why do investment bankers make so much money? (By Alan Mattich) =========================== STILL TO COME COUNTRY PERIOD ET/GMT 0745/1245 US Dec 16 ICSC Chain Store Sales 0830/1330 US Nov PPI 0830/1330 US Nov PPI, ex-food and energy 0830/1330 US Nov Housing Starts 0855/1355 US Dec 16 Redbook Retail Sales Index 1300/1800 US Dallas Fed Pres Fisher speaks on the economy in Longview, Texas 1700/2200 US Dec 17 ABC/Washington Post Consumer Confidence Index N/A EU European Commission proposal package on Fiscal coordination between EU members =========================== OTHER NEWS: Atticus Capital LP, the largest shareholder in Euronext N.V. (29064.AE), said Monday it will vote in favor of the European exchanges proposed merger with New York Stock Exchange parent NYSE Group Inc. (NYX). (By Andrew Dowell) Biotechnology company Genmab A/S (GEN.KO) sealed a deal potentially worth up to $2.1 billion with U.K. pharmaceutical giant GlaxoSmithKline PLC (GSK), for the global commercialization of its most promising drug, a leukemia treatment. (By Malin Rising) Housebuilder Wilson Bowden PLC (WLB.LN), in talks with a potential buyer, said it will enter 2007 with its strongest order book of recent years. (By Anita Likus) French state-owned gas utility Gaz de France SA (1020848.FR) signed a 24-year gas-supply contract with Russian gas major OAO Gazprom (GSPBEX.RS), amid concerns that a looming dispute between Russia and Belarus over gas prices might threaten again supplies to Europe this winter. (By Anne-Sylvaine Chassany) Communications regulator Ofcom said the U.K. economy is likely to benefit to the sum of GBP5 billion to GBP10 billion over the next 20 years, as a result of the switch over to digital TV. (By Daniel Thomas) Construction materials company Hanson PLC (HNS.LN) said its full-year operating profit will be more than 10% ahead of last years figure of GBP488.8 million, despite continued weakness in its U.K. markets. (By Molly Dover) Semiconductor equipment maker ASML Holding NV (ASML) said it will buy U.S.-based Brion Technologies Inc for $270 million, or EUR203 million, in its first acquisition in six years. (By Mathijs Schiffers) U.K. television broadcaster ITV PLC (ITV) said advertising revenues for its main commercial TV channel, ITV1, were down 12.5%, but for its digital channels revenues had increased by almost 40%. (By Daniel Thomas) Shares in Britvic PLC (BVIC.LN) spiked more than 7%, amid unconfirmed reports that private equity group Permira was building a stake in the U.K. soft drinks group. (By Michael Carolan) Cookson Group PLC (CKSN.LN), the industrial materials maker, said it had disposed of two non-core businesses, reaping $48 million. (By Molly Dover) Shares in Czech power company CEZ AS (BAACEZ.PR) fell sharply from an all-time high earlier this week, as the companys 2007 earnings forecast fell below analysts expectations. (By Sean Carney and Leos Rousek) Shares in London-listed Burren Energy PLC (BUR.LN) fell 4% after the company reported a dry well off the coast of the Republic of Congo. (By Brooke Donovan) German producer prices were unchanged on the month, and 4.7% higher on the year in November, after rising 4.6% on the year in October. (Data Snap by Roman Kessler)


 

Elcoteq has modernised its global intranet service to better suit the needs of an international enterprise. The objective of the modernisation was to update the content management system, establish a uniform procedure for managing the sites, enable teamwork over the intranet and provide the staff, who are dispersed across several continents, with an efficient means for their work. Elcoteq entrusted the implementation of the project to Satama and chose software by Microsoft. The planning of the project began with a survey that assessed the needs of the users. Based on the development suggestions that were received, a new business-wide intranet was created, containing information and services that are common to everyone at Elcoteq. Local intranets were revised so that they now correspond to each plant's internal needs. In addition, procedures were established for setting up department, team and project specific share points. Technically speaking, the system is based on Microsoft's portal products - the Content Management Server and the SharePoint Portal Server. The large number of users and their geographical dispersion brought challenges in terms of planning the system. "Our staff outside Europe need not only information from the concern but also local information in their local language. In order to ensure efficiency at work, we distributed the plant-specific intranets and share points to servers in Europe, Asia and North America," explains Lauri Tarkkonen, Project Manager at Elcoteq. Elcoteq had already had good experiences with the teamwork and document management opportunities that Microsoft's products provide: "Our extranet, which we use for our partnership network, is based on SharePoint. Thanks to the familiar and easy-to-use solution, our users have been keen to set up share points for distributing both project-specific and unit-specific documentation," Tarkkonen adds. From the users' point of view, Microsoft's portal products have been merged into a seamless package. "End users do not have to worry about what products were used in the implementation: the interface and the services remain consistent throughout the global intranet," says Matti Blomqvist, Senior Consultant in charge of the project at Satama. In addition to the interface, the structure of the service also needed customising: "With substantial portals such as this one, the ease of finding information becomes crucial. This solution provides a comprehensive search tool as well as a centralised view of the user's own share points. What is more, share points are automatically compiled into thematic concepts that can be easily integrated into other parts of the service," Blomqvist concludes. For more information, please contact: Matti Blomqvist, Senior Consultant, Satama Interactive, tel. +358 (0)207 681 302, matti.blomqvist@satama.com Lauri Tarkkonen, Project Manager, Elcoteq, tel. +358 (0)10 413 1263, lauri.tarkkonen@elcoteq.com Elcoteq SE is a leading electronics manufacturing services provider that specialises in telecommunications products and clients. Elcoteq offers engineering, manufacturing, materials handling and after-sales services for telecommunications products worldwide, covering the entire life cycle of the clients' products. Amongst others, Elcoteq makes mobile telephones and modules, digital receivers, base stations and microwave links. Elcoteq operates on four different continents in 16 different countries, and it employs around 25,000 people. In 2005, the business recorded a turnover of 4.2 billion euros. Elcoteq SE is listed on the Helsinki Stock Exchange. / www.elcoteq.com


 

Nordic Business Report-December 19, 2006-Finnish automation solutions developer Cencorp Corporation issues profit warning (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish automation solutions developer Cencorp Corporation issued on Tuesday (19 December) a profit warning for the fourth quarter and full financial year 2006. The company said that it had decreased its net sales estimation for financial year and operating profit estimation for the fourth quarter. Net sales for the financial year 2006 are expected to amount to about EUR20m and the operating result (EBIT) is expected to be a loss, as announced before. Contrary to previous announcements the company also now expects to record an operating loss for the fourth quarter. The tightened competition situation in the production automation market has affected net sales during 2006, Cencorp said. Cencorp, headquartered in Virkkala, Finland, develops and supplies automation solutions to the electronics and semiconductor industry that enhance productivity. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 19, 2006-Finnish employment up in November 2006 (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Statistics Finland, the Finnish state statistics agency, reported on Tuesday (19 December) that according to the labour force survey the number of employed persons stood at 2,444,000 in November 2006, 2.3% higher than in November 2005. The number of unemployed stood at 175,000, down by 15.5% from November 2005, the agency said. The employment rate in November 2006 was 68.8%, 1.3 percentage points higher than 12 months earlier. The rate of unemployment was 6.7%, as compared to 8.0% in November 2005. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Phoenix VCT PLC 19 December 2006 NET ASSET VALUE Phoenix VCT PLC announces that as at 30 November 2006 the unaudited net asset value per Ordinary Share was 105.3 pence and the unaudited net asset value per C Share was 107.0 pence. ENDS ---END OF MESSAGE---


 

Issuance of certificate. Norgani Hotels ASA issues a certificate of NOK 250 million. The disbursement date was 18 December. Loan Trustee is Norsk Tillitsmann ASA and Manager is Fearnley Fonds ASA. The Note Loan is to be listed on Oslo Børs (ABM). One of the subsidiary companies in The Norgani Group is simultaneously buying back a Bond. The total aggregate amount of the Bond is SEK 250 million of which Norgani owns SEK 10 million. For further information, please contact Mats Sterner, CFO Norgani Hotels ASA Mob: +46 70 690 2009 www.norgani.no About Norgani Norgani is the owner of a portfolio of 79 larger three and four star hotel properties, centrally located with an average size of 172 rooms. The weighted average lease duration for the total portfolio is approximately 8 years. Tenants include hotel operators such as Scandic/Hilton which leases 55% of the hotels, Choice Hotels Scandinavia (26%), Rezidor (6%) and other Nordic and international chains. In addition to the long lease duration, Norgani for the major part of its portfolio has minimum lease guarantees from sellers for the next 4-5 years. The hotels are located in Sweden, Finland, Norway and Denmark. In November 2005 Norgani Hotels was listed on Oslo Børs under the ticker NORGAN. The company headquarter is in Oslo.


 

Renewable Energy Corporation ASA (REC) invites financial analysts to attend a field trip to REC's two polysilicon plants in the USA, Moses Lake in Washington state and Butte in Montana. The field trip will take place on March 27-29, 2007. Please find below the preliminary program: - March 27: o Evening - transfer from Seattle-Tacoma Airport to Moses Lake (optional) - March 28: o Morning - tour of the Moses Lake facility, incl. the construction site of the new granular polysilicon plant o Noon - management presentations o Afternoon - transfer to Butte - March 29: o Morning - tour of the Butte facility o Afternoon - transfer to Seattle-Tacoma Airport for national/international connections The number of participants will be limited, and analysts who want to participate will have to register. Please send an email to ir@recgroup.com with subject "field trip" and we will return with more detailed information in January. If fully booked, selection will be on a first come, first served basis. Jon André Løkke Investor Relation Officer Renewable Energy Corporation ASA


 

Photos: Link to photos (see names below in the press release) Lima/Peru, Oslo/Norway - 19 December 2006 - Copeinca, the fourth largest fishmeal producer in Peru by assets, has carried out a private placement of 15.5 million shares at a subscription price of NOK 40 per share, contributing USD 100 million in new equity to the company. Following the placement, Copeinca will apply for a listing of its shares on the Oslo Stock Exchange. Copeinca is the fourth largest fishmeal producer in Peru by assets. Peru is the by far the biggest producer and exporter of fishmeal and fish oil in the world. Copeinca operates a large fleet of vessels together with five processing plants along the Peruvian coast line. The company exports all of its production, primarily to Asia and Europe. "We are very pleased with the successful private placement and the interest in the company. The equity raised supports our growth strategy", says Samuel Dyer Coriat, CEO of Copeinca. Following the successful private placement, Copeinca will seek listing on the Oslo Stock Exchange. The company will apply for listing and expects to be listed in January 2007. "The Oslo Stock Exchange is becoming the centre for global competence on fishery related companies and we therefore found it attractive for Copeinca to seek a listing on OSE" says Samuel Dyer Coriat, CEO of Copeinca. Glitnir Securities in Oslo managed the private placement, in cooperation with Glitnir Corporate Finance in London and Glitnir's Seafood Team in Reykjavík. Glitnir Securities will also be the manager for the listing of the Copeinca Shares on the Oslo Stock Exchange. "We are pleased by the interest generated in the private placement of USD 100 million. The placement was fully subscribed by international and Norwegian institutional and private investors" says head of corporate finance in Glitnir Securities, Anders H. Rønningen. For further information: Anders H. Rønningen, Head of Corporate finance, Glitnir Securities, e-mail: anders.ronningen@glitnir.no and mobile +47 95 72 42 69. Bjørn Richard Johansen, Glitnir, Managing Director, Corporate Communication, e-mail: brj@glitnir.no and mobile +47-47 800 100 Samuel Dyer Coriat - Chief Executive Officer Direct: +511 213 4004 Mobile: +511 9353 3791 Wilfredo Caceres Monroe - Chairman of the Board Direct: +511 213 4004 Mobile: +511 9353 3793 For contact with Copeinca, headquarter in Lima, Peru: Main office, Calle Francisco Graña 155 - Urb. Santa Catalina, La Victoria, phone: +51 (1) 213-4000, telefax: +51 (1) 213-4034. Internet: http://www.copeinca.com/website/home/index.php Photos From left: Eduardo Castro Mendivil, CFO Copeinca, Anders Rønningen, Head of Corporate Glitnir Securities, Wilfredo A Caceres Monroe, Chairman of the Board Copeinca, Glenn Kristiansen, Director Glitnir Securities, Samuel Dyer, CEO Copeinca, Helge Nordtorp, Corporate Finance Glitnir Securities and Cesar Piedra, Head of finance Copeinca. About Copeinca Corporación Pesquera Inca, Copeinca, is one of the top five fish meal and fish oil producers in Peru and South America. Peru is the largest producer and exporter of fish meal and fish oil in the world. Copeinca owns a fleet of anchovy vessels as well as processing plants along the Peruvian coast to process the catch. The company sells all of its production in the international markets, primarily to China and Europe. The Copeinca Group of companies has total revenues of approx. USD 90 million in 2006, and has approximately 1,400 employees. About Glitnir The financial group Glitnir offers universal banking and is a leading niche player in three global segments; seafood/food, sustainable energy, and offshore supply vessels. Glitnir is a Nordic bank and consider Iceland and Norway as home markets. Services include retail, corporate and investment banking, stock trade and capital management. Glitnir is the sole owner of a bank in Luxembourg (Glitnir Bank Luxembourg S.A) and banks and financial services companies in Norway (BNbank and Glitnir bank, Glitnir Securities and Glitnir Kapitalforvaltning, the factoring company Glitnir Factoring, and 50.1 percent of Union Gruppen. Glitnir's subsidiary BNbank own 45 per cent of Norsk Privatøkonomi ASA. In Sweden, Glitnir owns the leading Swedish brokerage firm Fischer Partners. Glitnir operates branches in London and Copenhagen and representative offices in Halifax, Canada and in Shanghai, China. Glitnir is listed on the Icelandic Stock Exchange. Glitnir recently announced strong profits for the first nine months of 2006, with a return on equity after tax of 41.9 percent. For more information go to: www.glitnirbank.com


 

Aurora Investment Trust plc announces that its unaudited Net Asset Value (NAV) as at 15th December 2006 was £37.671 millions, representing a NAV of 249.36p per share. The investments in the Company's portfolio have been valued at bid market price in the above calculations. ---END OF MESSAGE---


 

Nordic Business Report-December 19, 2006-Norwegian industrial products and services provider Bjorge ASA wins new orders for NOK30m (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian industrial products and services provider Bjorge ASA said on Tuesday (19 December) that its subsidiary Holta & Haland Instrumentering AS has secured new orders for a total of NOK30m. The orders cover instruments and equipment within fire and gas detection, valves, pipes and subsea operations. The clients include ConocoPhillips, Statoil, AS Norske Shell, Aker Kvaerner, Vetco Aibel and FMC Kongsberg Subsea. Bjorge, headquartered in Stavanger, Norway, delivers products and performs project and maintenance services for the oil and gas, land-based and marine industries. The company has 950 employees. Bjorge is listed on Oslo Stock Exchange and traded under the ticker BJORGE. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))