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Benefon Oyj raises capital loan of EUR1.25m.

NORDIC BUSINESS REPORT-6 July 2005-Benefon Oyj raises capital loan of EUR1.25m(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish mobile telematics manufacturer Benefon Oyj said on Wednesday (6 July) that it had raised a capital loan of EUR1.25m.

The loan was raised to ensure the completion of the planned new product development programme and to secure sufficient components required for such products, as well as for ongoing strategic financing.

The loan was granted by Benecap Limited from Jersey, Channel Islands, and certain third party investors assigned by it.

One euro (EUR) is worth approximately 0.67 British pounds (GBP).

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Title Annotation:Benecap Limited.
Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUUK
Date:Jul 6, 2005
Words:115
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