United Biscuits to sell frozen-foods unit

Article Abstract:

United Biscuits Holdings PLC is planning to sell off its frozen-foods operations. The company is hoping to sell its frozen-foods business for approximately 225 million pound sterling (209.5 million euros). Morgan Stanley Dean Witter has been commissioned by United Biscuits to find an interested party for the acquisition of the business. United Biscuits is a producer of snacks and other foods based in the UK.

Comment:

Planning to sell off frozen-foods operations

Frozen Food Manufacturing, Frozen Foods, Frozen foods industry, United Biscuits Holdings PLC

Russia opens the way for competition in gas

Article Abstract:

The Russian government told a new energy commission to open up to 15% of OAO Gazprom's monopoly pipeline system to competitors. This is the latest indication that President Vladimir Putin and the state plan to challenge Gazprom's monopoly.

Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Government regulation, Russia, Gas Pipeline Regulation NEC, Energy policy, Putin, Vladimir, Government regulations, OAO Gazprom, Gas pipelines

BG Group plans to spin off, float its pipeline unit

Article Abstract:

BG Group PLC announced that it will spin off its Transco pipeline unit . The company will also float the unit's shares by October 2000.

Gas transmission industry, BG Group PLC, Transco (Solihull, United Kingdom)