Poland picks Dresdner Kleinwort to advise on sale of national airline

Article Abstract:

Dresdner Kleinwort Benson, the German investment bank, will advise the Polish government on the privatization of the flag carrier Polskie Linie Lotnicze LOT, said sources close to the tender. Dresdner and its local partner, Business Management & Finance, won the contract in a field of nine bidders. The contract calls for Dresdner to draw up a plan to privatize LOT, which is the last central-European airline entirely owned by the state. Officials at the country's State Treasury Ministry have said they plan to push through with the privatization in the first quarter of 1998.

Comment:

Will advise the Polish government on the privatization of the flag carrier Polskie Linie Lotnicze LOT

New orders received, Poland, Dresdner Kleinwort Benson, Article

Electra lifts net asset value 23%

Article Abstract:

Electra Investment Trust PLC posted an increase of 23% in its net asset value for the six-month period between September 30, 1998 to March 31, 1999. The venture capital firm posted a net asset value per share increase to 831.6 pence (12.68 euros) during the period. On September 30, Electra reported 676.15 pence. This represented a rise of 155.56 pence. Electra also said that the liquidation of the fund is on schedule.

Comment:

Posts increase of 23% in net asset value for six-month period between September 30, 1998 to March 31, 1999

Financial Holding Companies, Offices of Bank Holding Companies, Abstract, Electra Investment Trust PLC

Aberdeen's managed assets increased 24% in first half

Article Abstract:

Aberdeen Asset Management PLC announced an increase of 24% in its assets under management in the six-month period ending March 31, 2001. The company posted managed assets of 27.2 billion pounds (43.66 billion euros) for the period.

Investment advice, Asset management accounts, Aberdeen Asset Management PLC