Carnegie: Carnegie's Extraordinary General Meeting Approved the Acquisition of Max Matthiessen.STOCKHOLM, Sweden -- The Extraordinary General Meeting of D. Carnegie & Co AB (STO STO Store (calculator function) STO Société de Transport de l'Outaouais (French) STO Strategic Technology Office (DARPA) STO Security Through Obscurity STO Service to Others :CAR), held in Stockholm today, adopted a resolution to authorise v. 1. grant authorization or clearance for. Same as authorize. Verb 1. authorise - give or delegate power or authority to; "She authorized her assistant to sign the papers" empower, authorize the Board to decide upon a new share issue to be directed to the shareholders in Max Matthiessen maximised to 6,071,427 shares in Carnegie, equating e·quate v. e·quat·ed, e·quat·ing, e·quates v.tr. 1. To make equal or equivalent. 2. To reduce to a standard or an average; equalize. 3. to SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 856 million (based on the share price 10 January 2007). - It is pleasant to see that the shareholders of Carnegie believe in this acquisition just as much as I do. Together, Carnegie and Max Matthiessen will take the leading position in the pension and long-term savings market in Sweden, says Stig Vilhelmson Stig Vilhelmson (born 1956) is a Swedish businessman who is the current Chief Executive Officer of investment bank Carnegie. Vilhemson has worked for Carnegie since 1991 and replaced Karin Forseke as CEO at the time of the Annual General Meeting in 2006. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Carnegie. The issue will correspond to a maximum of 7.8 per cent of the total 77,573,027 shares outstanding in Carnegie after the new share issue (assuming full exercise of the warrant programme expiring in April 2007). The new shares issued are eligible to receive dividends for the 2006 financial year and are also subject to a lock-in programme of 3 years. Given approval by relevant authorities, the closing of the acquisition of Max Matthiessen is aimed at 20 March 2007. The operations will be conducted under the Max Matthiessen brand and become a separate business area in Carnegie. Max Matthiessen will be consolidated into Carnegie's accounts with effect from 31 March 2007, which means that Max Matthiessen will be included in Carnegie's result for the last three quarters 2007. Carnegie's estimated cost range for 2007 (earlier estimated on full-year figures for Max Matthiessen) has thus been adjusted downwards by about SEK 90 million, to SEK 2.0-2.1 billion. Carnegie is an independent Nordic investment bank The Nordic Investment Bank (NIB) is an investment bank and multilateral development bank owned by eight nordic and northern european countries. The owners are Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. with activities in Securities, Investment Banking, Asset Management and Private Banking. Carnegie offers financial products and services to Nordic and international clients from offices in eight countries: Sweden, Denmark, Norway, Finland, Luxembourg, Switzerland, the United Kingdom and the US. This information was brought to you by Waymaker http://www.waymaker.net |
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