Tag: UK

Virgin Express in talks on Belgian air future

Posted by | Oct 7, 2001 | |

Virgin Express, the low-fare airline controlled by Sir Richard Branson, is to hold talks with the Belgian government this week on its possible involvement in the restructuring of the Belgian aviation industry following the filing last week by Sabena, the national flag carrier, for protection from its creditors.

Virgin Express, which itself has shrunk to half its previous size following a heavy restructuring earlier this year to overcome previous losses, is not in a position to engage in any rescue attempt for Sabena

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Consignia: Dividend Payments Put on Hold?

Posted by | Oct 6, 2001 | |

Consignia wants to halt dividend payments to the Government, expected to total about Pounds 150 million, while it struggles with financial difficulties that this week led to the announcement of 15,000 job cuts. The renamed Post Office group has asked the Department of Trade and Industry and the Treasury to consider waiving dividend demands while it tries to cut costs by Pounds 1.2 billion.

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Neopost announces the acquisition of Ascom Hasler, the Ascom Mailing Systems Division

Posted by | Oct 5, 2001 | |

Neopost, the European leader and number two worldwide supplier of mailing
solutions, today announced the acquisition of the number three worldwide
supplier of mailing systems : Ascom Hasler, the Mailing Systems Division of
the Swiss group Ascom.
The acquisition price has been set at Swiss Francs 359 million (around Euros
240 million), subject to final adjustments at closing. The completion of the
transaction is still subject, amongst other things, to governmental
authorisations.

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