Hexagon: Press Release.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Sept. 7, 2000 Hexagon has sold the Norfood business area to Segulah II L.P., a private equity fund. The realised capital gain after tax is approx. 34 MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner . The Divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). is a consequence of the new strategy that Hexagon communicated at the annual general meeting in May. Hexagon[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]s ambition is to grow rapidly in fewer, larger and more international businesses. The Divestiture of Norfoods would have reduced the groups invoiced sales for the first six months this year by 379 MSEK if Norfoods would have been sold on January January: see month. 1st 2000. The reported group profit after financial items, including the interest on the purchase price, would have been 1 MSEK higher for the corresponding time period. The Divestiture will reduce Hexagon[acute accent]s total assets by 300 MSEK. "This transaction enables Hexagon to release capital from non-core businesses to fuel a future expansion in the core business as well as finding a professional new owner for Norfoods," comments Ola Rollen, C.E.O. and President of the Hexagon group. Apply for a subscription of Hexagons financial releases via e-mail at www.hexagon.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/09/07/20000907BIT00140/bit0001.doc http://www.bit.se/bitonline/2000/09/07/20000907BIT00140/bit0002.pdf |
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