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Fredrik Arp appointed new President and CEO of Trelleborg

Fredrik Arp appointed new President and CEO of Trelleborg The Trelleborg AB Board of Directors has decided to appoint Fredrik Arp new President and Chief Executive Officer of Trelleborg. Mr. Arp, who was formerly Chief Executive Officer of the PLM Group, succeeds Kjell Nilsson, who recently left the Trelleborg Group after nine years as President and CEO. Fredrik Arp will assume his new position on February 8, 1999. "We feel that Fredrik Arp's international experience and his existing knowledge of the company makes him the right person to lead the Trelleborg Group towards the challenges

License Agreement for RescueFlow in the Nordic countries

License Agreement for RescueFlow® in the Nordic countries BioPhausia has signed a Letter of Intent with Pharmalink Basläkemedel, covering rights to market BioPhausia's product RescueFlow® in the Nordic region. Pharmalink is paying a one-time fee, plus a royalty of 15% on sales. RescueFlow® is especially designed for the initial treatment of blood loss due to trauma. The primary characteristics are a rapid onset and a good duration of the volume expandary effect. RescueFlow® will have a price in excess of SEK 700 per unit of 250 ml. Negotiations are under way with another party covering

Akzo Nobel acquires ethical pharmaceutical business of Japanese Kanebo

Akzo Nobel acquires ethical pharmaceutical business of Japanese Kanebo Arnhem, the Netherlands, February 4, 1999. - Akzo Nobel N.V. announced today that Organon, a business unit of Akzo Nobel, will acquire the ethical pharmaceutical business of Kanebo Ltd., Tokyo, Japan. Kanebo's ethical pharmaceutical business will be merged with the current operations of Organon in Japan as from March 31, 1999. This locally financed asset deal will comprise research & development, production, sales and distribution. The ethical pharmaceutical business of Kanebo has currently annual sales of NLG 175

Ericsson wins USD 520 million GSM expansion contract in Turkey

Ericsson wins USD 520 million GSM expansion contract in Turkey Ericsson has been chosen as the sole supplier for the expansion of Turkcell's GSM network in Turkey. A contract valued at USD 520 million (SEK 4 billion) with Turkcell, further strengthens Ericsson's position as the world's leading supplier of GSM systems. The contract includes GSM system solutions to meet an expanding consumer base for Turkcell. The operator will expand its network capacity dramatically in the near future, from today's 2,5 million - corresponding to a market share of some 70%. New operators entering the market

1998 a record year for Scania in Europe

Scania becomes second leading make: 1998 a record year for Scania in Europe Official registration statistics show that Scania was the second leading make of heavy truck in the western European market in 1998. A total of 31,500 registrations, equivalent to a market share of 15.2 percent, made 1998 a record year for Scania in Europe. Registrations of heavy trucks in the western European market totalled 207,300 in 1998. This compares with the previous record total of 189,000 units in 1989, almost a decade ago. Compared with 1997, the European market grew by 21.7 percent: from 170,400 to 207,

Volvo enters into cooperation with Colombia University

VOLVO ENTERS INTO COOPERATION WITH COLUMBIA UNIVERSITY Volvo and Columbia University in New York have decided to enter into cooperation in the environmental field. The cooperative venture includes establishment of a joint environmental studies program for the university students. Cooperation between Volvo and Columbia University creates an entirely new platform for dialogue between the university and large companies regarding the impact of industrial operations on the environment. In this manner, tomorrow's corporate executives are being prepared to properly take into account the

SCA expands packaging operations, acquires the Danish company Danapak Papemballage

SCA expands packaging operations, acquires the Danish company Danapak Papemballage SCA has acquired Danapak Papemballage, the third-largest Danish corrugated board company, for DKK 530 M on a debt-free basis (SEK 636 M). The majority owner of the Danapak Group is MD Foods, the Danish dairy cooperative. The agreement includes a clause entitling the seller to a supplementary consideration in a maximum amount of DKK 15 M in the event that the company's earnings for 1999 significantly exceed its earnings for 1998. The purchase price corresponds to 6.5 times operating surplus (EBITD) and 8.3

Nobel Biocare to start production of Procera AllCeram in USA

® Nobel Biocare to start production of Procera AllCeram in USA ® In order to match the very strong growth in sales of Procera , a production ® unit will be set up in the USA during 1999 for the production of Procera AllCeram dental copings in ceramic material. Sales on the North-American market have expanded to account for more than 60% of the turnover for ® Procera . Currently, all production of Procera® AllCeram takes place at the plant in Stockholm. "Production in the USA will sharpen the competitive edge of Procera®. Delivery times will be cut by 24 hours and the service to customers in

Semcon has signes an agreement for IT competence training worth SEK 6.3 million

Semcon has signes an agreement for IT competence training worth SEK 6.3 million Semcon Education AB has once again been entrusted with the task of satisfying market needs for systems developers in Stockholm. During 1999, Semcon Education AB, having been commissioned by the Stockholm County Labour Board, will be laying on three courses to train participants as systems developers. The commission is worth SEK 6.3 million. The commission is based on successful projects previously carried out. During 1998 four similar careers training courses were put on, with very good results, and 90% of the

American skandia sets record in mutual fund industry

AMERICAN SKANDIA SETS RECORD IN MUTUAL FUND INDUSTRY. VARIABLE ANNUITIES DELIVER CONSISTENT GROWTH American Skandia, a leading provider in the US of financial services sold through intermediaries, announced robust sales results for year-end 1998. American Skandia's overall production in variable annuity and mutual funds was USD 4.9 billion, up 30 per cent on total 1997 results 1998 variable annuity sales accounted for USD 4.2 billion, up 12.5 per cent from year-end 1997 results. Consistent double-digit sales growth has placed American Skandia among the top 10 variable annuity providers in

Sweden, Norway and Denmark form The Viking Industrial Group

Sweden, Norway and Denmark form The Viking Industrial Group Industrial representatives from Denmark, Norway and Sweden have signed a Letter of Intent concerning cooperation between the three countries, and have formed an industrial consortium with a view to collaborating on the Viking submarine project. The companies that form The Viking Industrial Group are Danyard Aalborg AS (Denmark); Kongsberg Defence & Aerospace AS (Norway) and Celsius (Sweden), via business unit Kockums Naval Systems. The Project Viking concept is to coordinate the procurement of next-generation submarines for these

Ericsson datacom solution live in Telia GSM net

Ericsson datacom solution live in Telia GSM net Using an Ericsson solution, Swedish operator Telia Mobile became one of the first operators in the world to trial a new datacom platform live in its GSM network. With HSCSD (High Speed Circuit Switched Data) operators can for the first time offer consumers rapid delivery of large amounts of data over GSM networks. It's also an important step in the evolution of GSM to handle higher data speeds. The technology uses multiple time slots for a single data call to achieve bit rates at up to fourfold current speeds of 9.6 kbps. HSCSD enables datacom

Growth and improved performance by Moelven in September-December period

The 1998 operating year began with small profit margins in several of the Group’s business sectors, and it was not possible to maintain the healthy profit levels seen in 1997.Performance in the period from September to December picked up however, with profits in large parts of Moelven’s operations reaching the same levels as in the last four months of 1997.Consolidated operating income for September-December 1998 was NOK 1,138 million (NOK 850 million for the same period in 1997). Operating income from the Group’s new Swedish subsidiaries accounted for NOK 230 million of this total

New President for BioPhausia

New President for BioPhausia The Board of Directors of BioPhausia AB (publ) has named Executive Vice President Erika Kjellberg Eriksson acting president of the company, effective as of February 1, 1999. Johannes Norrby, chairman of the Board of Directors, issued the following statement: "Stellan Lind, one of the founders of the company and up to now its president, has for a long time expressed a desire to resign that position to devote himself to other interests in the future. The Board of Directors has accepted this wish. Stellan Lind will continue to be a member of the Board. We have also

SAS first with traffic information via cell phone

SAS first with traffic information via cell phone As of February 1, 1999, a test group of some 300 SAS passengers can obtain flight traffic information directly via their cellular phones. The participants in the group will test the new telephone service, which is being launched jointly by SAS and Europolitan, for a three-month period. This makes SAS the first carrier in the airline industry to provide a service whereby passengers can subscribe for and seek their own flight traffic information. The new service means that passengers can be supplied with information on their own cellular

MTG redeems the minority owners in Metro and TV-Shop

MTG REDEEMS THE MINORITY OWNERS IN METRO AND TV-SHOP Modern Times Group MTG AB has this day redeemed the minority owners in Tidnings AB Metro and TV Shop Europe AB. The total redemption amount is SEK 180 million. In both instances MTG honours its obligation to the founders of the companies. They took their business concepts to MTG and they started the companies as co-owners and leading executives. The operations of these companies are now wide-reaching. "We are very pleased to have been approached by such entrepreneurs with their viable business concepts. When the visions prove sustainable,

The independent Directors of the Board of BTL

Pressrelease The independent Directors of the Board of BTL note the announcement by Stinnes AG that it has increased its shareholding in BTL from 35.0% to 54.7% by purhasing shares in the market. Whilst the independent Directors accept the commercial logic of the offer, they have not yet evaluated the terms. The independent Directors have appointed an external advisor to help them to evaluate the offer. As already stated in yesterday's press release from BTL, the independent Directors will publish the results of this evaluation within two weeks. ----------------------------------------------

NCC acquires three properties in central Gothenburg for SEK 131 million

NCC acquires three properties in central Gothenburg for SEK 131 million NCC Real Estate has reached an agreement with Hasselblad regarding the acquisition of three properties on Östra Hamngatan, opposite the Opera House in central Gothenburg, for SEK 131 million. The properties, which currently contain office and industrial premises, are to be developed into state-of-the- art office properties when they are vacated by Hasselblad. "The acquisition is fully in line with our strategy of developing attractive properties in locations that offer value growth," says Stephan Ekstedt, Regional

Pricer Publishes the 1998 Preliminary Financial Statements February 11, 1999

PRICER PUBLISHES THE 1998 PRELIMINARY FINANCIAL STATEMENTS FEBRUARY 11, 1999 In connection with the forthcoming Extra General Meeting and rights issue in Pricer AB, it has been decided to publish the preliminary financial statements for the 1998 financial year on Thursday, February 11, 1999. For further information, please contact: Thomas Landberg, President and CEO, Pricer AB: +46-18-18 81 00 Pricer AB (publ) was founded in 1991 in the city of Uppsala, Sweden. In only a few years, it has built a leading position in the growing market of electronic price and information systems for the

Tele2 Lowers its Tariffs on Long Distance Calls

Tele2 lowers its tariffs on long distance calls Tele2 AB in Sweden today announced it will lower its tariffs on domestic long distance calls from February 8, 1999. Tele2 will thereby retains its position as the more competitively priced alternative to Telia on the Swedish telephony market. From the February 8, a domestic long distance call will cost 0:32 SEK per minute on Tele2's network on weekdays between 8 am and 6 pm. On Telia's network the price will be 0.40 SEK per minute from February, 2. At all other times a domestic long distance call will cost 0:18 SEK per minute on Tele2's

Diligentia sells Sweden Center Building in Tokyo for SEK 332 million

Diligentia sells Sweden Center Building in Tokyo for SEK 332 million and a capital gain of SEK 71 million Diligentia has sold the Sweden Center Building in Tokyo for SEK 332 million generating a capital gain of SEK 71 million. Closing on the property is scheduled for April 27, 1999. The buyer of Sweden Center Japan KK, containing the Sweden Center Building, 11-9 Roppongi, Minato-ku, is Mori Building Co., one of Japan's largest property owners and developers. The buyer owns and is actively promoting the restructuring of the business area in which the Sweden Center Building is located. The

Statements of accounts 1998

Statements of accounts 1998 Semcon's best year so far * Turnover increased by 43 percent SEK 708.9 million (495.6), fastest growth within IT-related business. * Profit after financial items increased by 46 percent to SEK 84.8 million (58.0). * Operating margin up to 11.6 percent (11.5). * Earnings per share amounted to SEK 3.44 (2.31). * The Board proposes a dividend of SEK 1.40 per share (0.60). * Continued organic growth with 216 employees, 1079 in all (863). ------------------------------------------------------------ Please visit http://www.bit.se for further information The following

Internal fraud suspected at Nordbanken

Internal fraud suspected at Nordbanken An equity broker employed by Nordbanken has been arrested on suspicions of serious breach of faith and serious embezzlement. The suspicions are based on unauthorized short-selling of shares, which has continued for several months. The loss incurred by Nordbanken as a result of such proceedings is estimated at approximately SEK 290 million. The incident was revealed by the bank's internal control routines. No losses have been caused to the bank's clients in this connection. The fact that the amount could reach such proportions is explained in part by

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