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Ericsson signs major TDMA contract with CTC Startel in Chile

Ericsson signs major TDMA contract with CTC Startel in Chile Ericsson has signed a contract with CTC-Startel, Chile's largest wireless network operator, for expansions of their TDMA (IS-136) network. The contract, valued at USD 35.5 million (SEK 276 million) is CTC-Startel's fifth expansion order in the past 12 months for a total value of USD 114.2 million (SEK 890 million). The contract is for the expansion of both capacity and coverage of the network and is in response to the rapid subscriber growth experienced during 1998, doubling the number of subscribers to over 500,000. With the

Svenska Handelsbanken terminates major IT-project

Svenska Handelsbanken terminates major IT-project In June 1997 Svenska Handelsbanken began the so called NORD Project. This project was based on the IBM provided system platform, Corebank. The intent with the project was to achieve a joint system for the Bank's business dealings in all the four Nordic countries, to increase productivity in application development and to achieve 24-hour operation for the bank's most important systems. Considerable delays in the project has made the bank reconsider its commitment to Corebank Therefore, Handelsbanken has decided to terminate the NORD project.

Changed investment organization

Changed investment organization Olof Wesström, portfolio manager of Industrivärden since 1982, will be resign- ing from his position at the company effective June 30, 1999. Lennart Engström, who is already responsible for Industrivärden's equity in- vestments, including portfolio management as well as equity research, will be in charge of direct contacts with the equity markets, with immediate effect. Stockholm, January 11, 1999 AB INDUSTRIVÄRDEN (publ.) For further information, please call: Lennart Engström, tel. +46 8 666 64 07 Olof Wesström, tel. +46 8 666 64 03 --------------------------

Svenska Handelsbanken terminates major IT-project

In June 1997 Svenska Handelsbanken began the so called NORD Project. This project was based on the IBM provided system platform, Corebank.The intent with the project was to achieve a joint system for the Bank's business dealings in all the four Nordic countries, to increase productivity in application development and to achieve 24-hour operation for the bank's most important systems.Considerable delays in the project has made the bank reconsider its commitment to Corebank Therefore, Handelsbanken has decided to terminate the NORD project.The immediate, and most pressing business

Tomas Billing leaves Hufvudstaden

Tomas Billing leaves Hufvudstaden The Managing Director of Hufvudstaden, Tomas Billing, will leave the company to become Managing Director of Nordstjernan AB. Tomas Billing remains as Managing Director at Hufvudstaden during the spring of 1999 until a new Managing Director has been appointed. Fredrik Lundberg, Chairman of the Board, says: "Tomas Billing has done a meritous contribution to Hufvudstaden. The company's position as one of the leading real estate companies in Sweden has been strengthened by the refocusing of the business and the acquisition of NK Cityfastigheter. We wish him

Sandvik acquires all shares in Poland's largest cemented-carbide company

Sandvik acquires all shares in Poland's largest cemented-carbide company Sandvik AB has acquired all shares outstanding in Poland's largest company for cemented-carbide metalcutting tools, Sandvik Baildonit SA in Katowice. Sandvik Baildonit was formed in 1994 through a joint venture with the cemented-carbide division of the Polish Huta Baildon steel group. Sandvik increased its ownership to 51% in 1997. The acquisition is a part of the Sandvik growth strategy within expanding product and market areas. Development in the Polish industry is very strong and many world-leading companies, for

Ericsson to expand GSM network in Inner Mongolia

Ericsson to expand GSM network in Inner Mongolia Ericsson has signed a GSM expansion contract with Inner Mongolia Post and Telecommunications Administration in China valued at USD 44.3 million (SEK 345 million). The contract is for the third expansion of the digital network in this autonomous region. Upon completion, the Ericsson GSM network will cover the entire eastern part of the region and its capacity will increase to 300,000 subscribers. "We have established a very good relationship with Ericsson during the construction of Inner Mongolia mobile networks," said Mr. Sun Xuebo, Deputy

Medivir and Chiron in research collaboration regarding future HIV drugs

Medivir and Chiron in research collaboration regarding future HIV drugs Chiron Corp, Emeryville, California and Medivir AB, Huddinge, Sweden has signed an agreement regarding a joint research program on new HIV/AIDS drugs. Medivir has world class competense in antiviral resarch. The company has already developed substanses active against the HIV virus. Recently it was announced that Medivir licenced an HIV compound on exclusive worldwide basis to Chiron. Now the collaboration is widend to include a funded research program during two years on future HIV/AIDS drugs. This new agreement can

Scania Acquires Italian Importer

Scania acquires Italian importer Scania has acquired all the shares in Italscandia Autocarri SpA, distributor of Scania trucks on the Italian market. The acquisition is part of the company's strategy to reinforce and enhance its position on Europe's fifth largest market. Owing to its size and geographical location, Italy is a market of strategic importance. Italy is Scania's seventh-largest truck market. In 1998, a total of 17,000 heavy trucks were registered. Scania has a market share of about 13 per cent. Italscandia, with its headquarters in Trento in northern Italy, was founded in 1973.

Ugo Grondelli leaves Gambro

Ugo Grondelli leaves Gambro Ugo Grondelli, Executive Vice President and responsible for the Renal Care Products business area, leaves Gambro. After having established a new organization within the business area, Grondelli has, according to an earlier agreement, decided to leave Gambro. He has been with Gambro since 1972. Sören Mellstig, Executive Vice President, has for the present taken over the responsibility for the business area. For further information: Bengt Modéer, Senior Vice President, Corporate Communications, +46-8-613 65 00, +46-70-513 65 33 Gambro is an international medical-

Hans Robertson leaves his position as President of Saab Training Systems AB

Hans Robertson leaves his position as President of Saab Training Systems AB Hans Robertson, President of Saab Training Systems for the past 20 years, has decided to leave his position in order to explore and develop new business concepts. During his period as President, Hans Robertson has built up Saab Training Systems - a wholly owned subsidiary of Saab AB - into a world leading company in military training equipment specializing in laser simulators, graphic simulators and target equipment. Saab and Hans Robertson intend to continue their collaboration in new forms. Together, they will be

Nobel Biocare sets up company with Novare and Swedestart to develop CFRA business area

Nobel Biocare sets up company with Novare and Swedestart to develop CFRA business area An agreement has been reached with the venture-capital companies Novare Kapital and Swedestart to transfer operations in Nobel Biocare's CFRA (Cranio- Facial Rehabilitation and Audiology) business area to a new company with the aim of financing the development and marketing of bone-anchored hearing aids and facial prostheses, as well as new products for hearing rehabilitation. "A joint venture with Novare and Swedestart will create improved opportunities for the development and growth of our unique

Personnel reduction at Cementa in Skövde

Personnel reduction at Cementa in Skövde Cement deliveries in Sweden have decreased to the lowest level in 50 years. A continued depressed activity in construction is forecast up to the millenium. Such low levels imply only 125 days of production in 1997 at Cementa's plant in Skövde in western Sweden. The plant must adapt to the new conditions and has to reduce the number of employees by approximately 30 persons. Today the unit has 90 employees ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are

Scancem acquires Stråbruken from NCC Group

Scancem acquires Stråbruken from NCC Group Optiroc Group AB - parent company of Scancem's business area Masonry Products - on Monday reached an agreement with the NCC Group to acquire all shares outstanding in Stråbruken AB. Stråbruken produces brick, premix and other mineral-based products and is estimated to have sales of approximately SEK 300 M in 1997. The greater part of the turnover is sold in Sweden, but products are also exported to the other Nordic countries and the U.K. The production takes place at two brick works, four premix plants and a mining operation. - The two companies'

Consolidation for the New Century

Akzo Nobel - 1999: Consolidation for the New Century Arnhem, the Netherlands, January 7, 1999. - Following a year of large-scale planned strategic acquisitions Akzo Nobel will, in 1999, consolidate the major changes which transpired in 1998 and demerge its Fiber operations. "We had a year of unusual change where we targeted dynamic growth as the watchwords for 1998. Grown we have and dynamic it was," said Cees J.A. van Lede, Chairman of the Board of Management, at the Akzo Nobel internal New Year's Conference for senior management. "While final audited figures are not available, we can

Fresh start for Scania in Korea

Fresh start for Scania in Korea: Company takes own sales "We will continue to develop the important Korean business on our own." So says Staffan Sjögren, Managing Director of Scania Korea Ltd., now that speculation concerning Asia Motors, Scania's former Korean partner and subsidiary of liquidation-threatened Kia, has definitely been ended with the news of the takeover of Kia by Hyundai. When the Korean crisis became acute in late summer 1997, Scania's sales ground to an abrupt halt - from a position in which sales for the first six months of the year were indicating an all-time high of

MeritaNordbanken sells stake in Pohjola

MeritaNordbanken sells stake in Pohjola The MeritaNordbanken Group and the Merita Bank pension foundation have today (January 7, 1999) sold their holdings in Pohjola Group Insurance Corporation to the Swedish insurance company Skandia. The gain of somewhat over FIM 675 million recorded by the MeritaNordbanken Group from this transaction will be reflected in Group results for 1999. The deal is subject to the approval of the Ministry of Social Affairs and Health. MeritaNordbanken Plc, Merita Bank Plc and the pension foundation of Merita Bank Plc have together held 12.72 per cent of the shares

Skandia increases its stake in Pohjola

Skandia increases its stake in Pohjola Skandia has today acquired MeritaNordbanken's entire shareholding in Pohjola Group Insurance Corporation. The acquired shares correspond to 23.6% of the voting rights and 12.7% of the capital in Pohjola. Following this acquisition, Skandia's share of voting rights and capital will amount to 32.5% and 23.6% respectively. Pohjola conducts successful business in property & casualty insurance, life insurance and savings products, as well as asset management in both the Finnish market and the Baltic region. In a comment, Lars-Eric Petersson, President and

The Board of Spectra-Physics AB recommends the shareholders to accept a public cash offer

The Board of Spectra-Physics AB recommends the shareholders to accept a public cash offer from Thermo Instrument Systems Inc., Hurst, TX, USA Referring to the public cash offer on January 7, 1999 to the shareholders of Spectra-Physics AB of SEK 160 for each share by Thermo Instrument Systems Inc. the Board of Spectra-Physics AB makes the following statement: "After having evaluated the offer the Board has, given the current stock market conditions, unanimously decided to recommend that shareholders accept the public offer." Alfred Berg has acted as financial advisor to the Board of Spectra-

Scania and Cummins launch new joint venture

Cummins-Scania High Pressure Injection Inc LLC: Scania and Cummins launch new joint venture The new high-pressure fuel injection system jointly developed by Scania and Cummins is now entering the production phase. The system is designed to further enhance engine efficiency and environmental performance. A new 70-30 joint-venture agreement has now been signed to form Cummins-Scania High Pressure Injection LLC, a production company that is operational from 1 January 1999. In 1992, Scania and Cummins jointly started to develop a new high-pressure injection system, the objective being to find

Storebrand announces a take-over bid for Finansbanken ASA

Storebrand has resolved to make an offer to buy Finansbanken ASA. The offer relates to all 34.7 million outstanding shares and shares related to the convertible bond (4.4 million shares) in Finansbanken ASA. Storebrand is offering NOK 40 per share. This values Finansbanken ASA at app. NOK 1.6 billion, which is 29% higher than at the close of business on 5 January 1999, and 58% more than Finansbanken ASA's book equity at 30 September 1998. Settlement will be in cash. Storebrand's Board of Directors will request the company's General Meeting for authority to increase Storebrand ASA's share

Merita Plc's share capital converted into euros as of January 1, 1999

Merita Plc's share capital converted into euros as of January 1, 1999 The share capital of Merita Plc was converted into euros on January 1, 1999 and is now EUR 1,399,358,437.06. At the same time the shares ceased to have any nominal value. The Articles of Association were amended accordingly. There was no change in the number of shares in issue. The share capital is currently divided into 832,020,744 shares, and the book value per share is thus EUR 1.68. Pursuant to the Articles of Association, the minimum share capital is EUR 672,751,705.85 and the maximum share capital is EUR 2,691,006,

Scania sells Laxå plant

Scania sells Laxå plant Scania has now sold its Laxå plant, whose products include special cabs for fire tenders. The facility has been acquired by a new company, Laxå Special Vehicles AB, which has been formed by the former top management team, and will take over the workforce, premises and production equipment. The operation will continue with Scania as the main customer. The Laxå plant has been in Scania's ownership since 1992. The main product line is special cabs, such as the CrewCab, which is used mainly on fire tenders. The plant also reconditions service exchange components for

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