We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Euro.bk. 36 | LSE:15IO | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
RNS Number:4871O Kvaerner PLC 11 December 2001 Kvaerner decides to retain Pulp & Paper business LONDON, 11 DECEMBER 2001: Kvaerner, the international engineering and construction Group, today announced that it has decided to withdraw its Pulp & Paper activities from sale. Following a new review, the Group has decided instead to focus its efforts on making improvements within its Pulp & Paper activities. Commenting on today's announcement, Hans Petter Finne, CEO of Kvaerner Investments, said: "We have decided to call off the sales process, and instead to concentrate our efforts on performance improvement within Pulp & Paper. I believe there is scope for further improvements - and this will result in a stronger business all round, improved profitability and a higher value in the long run." Finne concluded: "For the time being, it has not been possible to conclude a sale that would have been in the best interests of our shareholders. Kvaerner recently announced that its Pulp & Paper, Shipbuilding, and other mechanical engineering businesses and investments would be organised under 'Kvaerner Investments AS'. Hans Petter Finne was appointed CEO of the business area from 1 November. Athol Trickett is President of Kvaerner Pulp & Paper. For more information: Paul Emberley, Vice President Group Communications: +44 (0)20 7339 1035 or +44 (0)7768 813090 or paul.emberley@kvaerner.com Note to editors: Kvaerner is a world-class engineering and construction group. The Group's activities are organised in two core business areas: E&C (engineering and construction), and Oil & Gas. It also has interests in shipbuilding and the provision of services to the pulping industry. The Group has annual revenues of more than US$6 billion, with some 34,000 permanent staff located in some 35 countries throughout Europe, Africa, Asia and the Americas.
1 Year Euro.bk. 36 Chart |
1 Month Euro.bk. 36 Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions