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        T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

          Thursday, September 2, 2004, Vol. 5, No. 174

                            Headlines

F R A N C E

ALCATEL: Joint Venture with TCL Opens for Business in Hong Kong
TATI: Vetura Amends Redundancy Proposal to Save 33 More Jobs


G E R M A N Y

BGS PLANUNGSBURO: Deadline for Filing of Claims September 13
CELANESE AG: Reports EUR91 Million Second-quarter Net Loss
COGNIS GMBH: Lists Notes on Luxembourg Stock Exchange
CONCORDIA BAU: Files for Bankruptcy
HENJES BAU: Hannover Court Appoints Provisional Administrator

IG FARBEN: Demands Full Payment for Subsidiaries Sold to WCM
INTERPOOL AGENTUR: Applies for Bankruptcy Proceedings
ITD M.: Bankruptcy Petition Stays All Pending Proceedings
KFZ-TECHNICK: Court to Examine Late Claims Next Week
MUSTAPHA KEMEL: Succumbs to Bankruptcy

NO. 22 SHOES'N: Deadline for Filing Claims October 12
PRIMACOM: Posts Higher First-half Loss Despite Revenue Jump
PSE PROFESSIONAL: Court Appoints Insolvency Administrator
WINNERS WORLD: Aachen Court Opens Bankruptcy Proceedings
WOHNUNGSBAU GMBH: Under Bankruptcy Administration


H U N G A R Y

BRAU UNION: Suffers Huge Profit Drop in First Half


I R E L A N D

EIRCOM GROUP: Profits Hit by EUR48 Mln Restructuring Costs


I T A L Y

ALITALIA SPA: Flight Crews Demand Audience with Management
PARMALAT U.S.A.: File Plan & Disclosure Statement Due Thursday
VIAGGI DEL VENTAGLIO: Lacks Cash to Repay Bonds, Says Auditor


K Y R G Y Z S T A N

AI-PERY: Selling Unfinished 48-door Apartment for US$4,000
AK-TILEK: Public Auction of Assets September 7
JAYIL BREWERY: Bishkek Court Starts Bankruptcy Supervision
KAMKOR: Sets Public Auction of Assets September 8
SERVICE AND OPERATIONAL: Creditors Meeting September 8
SEVERNAYA PMK: Invites Bidders for Apartment, Office Equipment
TOKMOK FACTORY: Government Selling 5% Stake for US$55,000


N E T H E R L A N D S

DIOSYNTH BIOTECHNOLOGY: To Merge with U.S.-based Organon
KONINKLIJKE AHOLD: Hires New Senior VP for General Merchandising


R U S S I A

BAM-STROY: Undergoes Bankruptcy Supervision Procedure
GRABOVSKY FACTORY: Deadline for Proofs of Claim September 16
KAM-AGRO-SERVIS: Penza Court Opens Bankruptcy Proceedings
KAVKAZ: Under Bankruptcy Supervision
NIZHNEMALTSEVSKY CHEMICAL: Names I. Ryumin Insolvency Manager

OMSKAYA: Insolvency Manager Takes over Helm
PUBLISHING HOUSE: Proofs of Claim Deadline September 16
PUR-OIL-GAS-GEOLOGY: Declared Insolvent
SIBIRYCHKA: Tyumen Court Commences Bankruptcy Proceedings
TIKOND: Court Prescribes External Management Procedure

TOMSKOYE BUILDING: Appoints M. Brodesko Insolvency Manager
TYUMEN-RYB-PROM: Creditors Have Until September 16 to File Claim
VODOKANAL: Bankruptcy Case Pending in Yamalo-Nenetsky Court
VOSKHOD: Under Bankruptcy Supervision
YUK FERRO-CONCRETE: Court Sets November 1 Hearing
YUKOS OIL: To Continue Paying Debts Beyond Tuesday's Deadline


S W I T Z E R L A N D

ABB LTD.: Power Technologies Division Streamlines Organization
SWISS INTERNATI0NAL: Investors Extend Share Lock-up Due Date


U K R A I N E

AUTOTRANSSERVICE: Succumbs to Bankruptcy
BRUSHNIVSKIJ WOOD: Declared Insolvent
LUGANSKOBLTARA: Names Yevgen Lugovskij Insolvency Manager
MASHIVSKIJ KOMBIKORMOVIJ: Insolvency Manager Takes over Helm
REPAIR-BUILDING: Proofs of Claim Deadline September 11

SERIOL: Zaporizhya Court Opens Bankruptcy Proceedings
SYSTEMAVTOMATIKA: Court Affirms Insolvency
UDARNIK: Undergoes Bankruptcy Supervision Procedure
UKRTRANS-HMELNITSKIJ: Hmelnitskij Court Brings in Liquidator


U N I T E D   K I N G D O M

A.K.CYCLES LIMITED: Liquidator's Final Report Out September 29
ATLANTIS PERFORMANCE: Brings in Liquidators from Robson Rhodes
B4G SKATES: Liquidator to Present Final Report September 28
BARVICK WELDING: Members Final Meeting September 21
BELDRAY LIMITED: In Administrative Receivership

BRADLEY CONTRACT: Appoints Numerica Liquidator
BRITISH ENERGY: Relocates Operation to Cut Cost
BURNTWOOD ENGINEERING: Members Agree to Wind up Business
CWMNI CIG: Names KPMG Administrator
DAPPER MENSWEAR: Sets Members Final Meeting September 24

EUROPEAN TECHNOLOGY: Members, Creditors Meeting September 20
FALCON EXTRUSIONS: Final General Meeting September 30
HOODCO 565: Members Pass Special Winding up Resolution
KENNAMETAL HERTEL: Appoints Stoy Hayward Liquidator
LOTHBURY PERFORMANCE: Hires Liquidators from Robson Rhodes

MONMOUTH HODGES: Decides to Liquidate Assets
MOTORCYCLE REPAIR: Liquidator's Final Report Out September 30
OSBORNE ALLIANCE: Brings in Liquidators from Baker Tilly
P & J HOME: Appoints Tenon Recovery Liquidator
PLUMBING AND DRAINAGE: Winding up Resolution Passed

PPS LIMITED: Members Final Meeting Set September 17
RANGER OIL: Final General Meeting September 29
RENTOKIL INITIAL: Chairman Promises Deeper Restructuring
SPEA (UK): Creditors to Meet Today
TEXAS BRITISH: Final General Meeting Set September 29
VINI VIDI: C & D Limited Appoints Armida Business Receiver
YELLOWBOND LIMITED: Hires Bartfields Administrator


                            *********


===========
F R A N C E
===========


ALCATEL: Joint Venture with TCL Opens for Business in Hong Kong
---------------------------------------------------------------
The new global handset company jointly set up by TCL
Communication Technology Holdings Limited (TCL Communication),
the holding company of Huizhou TCL Mobile Communication Co.,
Ltd. (TCL Mobile), a leading mobile handset manufacturer in
China, and Alcatel (Paris: CGEP.PA and NYSE: ALA), a worldwide
leader in telecommunications network equipment, applications and
services, officially started operations Monday.  The new company
is to be named as TCL & Alcatel Mobile Phones Limited (TAMP).

Since the signing of the Joint Venture Subscription Agreement on
18 June, TCL Communication and Alcatel have obtained
shareholder, board and regulatory approvals and finalized
various operational agreements necessary for the formation of
TAMP.  Headquartered in Hong Kong, TAMP has an initial net asset
value of approximately EUR100 million, with TCL Communication
holding a 55% equity stake and Alcatel owning the remaining 45%.

Substantially all of the 600 employees of Alcatel mobile handset
activities in France and in China have become the employees of
TAMP.

TAMP's research and development teams are expected to be located
in Colombes, France and Shanghai, China.  It is envisaged that
TCL Mobile and TAMP will cooperate in the development of next
generation handset technologies through the sharing of R&D
resources and in the distribution of each other's products
through their respective sales and distribution networks.

Future Plans

TCL Mobile and Alcatel believe that TAMP will combine their
respective strengths in the competitive mobile handset market
with the objective to become the global mobile handset leader.

Some of the key elements of the future strategy of TAMP are:

Expand market coverage: TCL Mobile and TAMP have complementary
handset markets which cover China, Latin America, Europe and the
rest of the world addressing major operators and distributors.

Leverage the brand equity of Alcatel: TAMP has an exclusive
license to use the Alcatel brand name for mobile handset sales
and distribution. Leverage Low-Cost Manufacturing: TCL and TAMP
will enter into various agreements to capture production
synergies by combined purchasing and leveraging TCL Mobile's
low-cost production base.

Strengthen R&D Platform: R&D co-operation between TCL Mobile and
TAMP is expected to optimize R&D resources of the two groups and
increase the pace of product rollouts.

About TCL International Holdings Limited

TCL International (HKSE code: 1070) is a leading multimedia
consumer electronics product manufacturer in the PRC and Asia.
It is principally engaged in the production of TVs, mobile
handsets and PCs.  With its renowned TCL brand, it is one of the
largest TV and handset manufacturers in the PRC.  Aiming at
further extending its business to the global market, TCL
International formed a joint venture with Thomson to establish a
new global TV leader, TTE Corporation, which has commenced
operation in August 2004.  Headquartered in China, TCL
International operates highly efficient manufacturing bases
across major markets in the world. For further information on
TCL International, please visit http://www.tclhk.com

About TCL Corporation

TCL Corporation is a major PRC conglomerate that designs,
develops, manufactures and markets a wide range of the
electronic, telecommunications, information technology and
electrical products.  For further information on TCL
Corporation, please visit http://www.tcl.com.

About TCL Communication Technology Holdings Limited

TCL Communication Technology Holdings Limited is a subsidiary of
TCL Corporation and the holding company of TCL Mobile.  TCL
Mobile is a hi-tech company committed to the R&D, manufacturing
and sales of mobile terminal products.  In 2003, TCL Mobile
reported mobile handset sales of 9.82 million units, with RMB9.5
billion in revenue.  For further information on TCL Mobile,
please visit http://www.tclmobile.com.cn.

About Alcatel

Alcatel S.A. (Paris: CGEP.PA and NYSE: ALA) provides
communications solutions to telecommunication carriers, Internet
service providers and enterprises for delivery of voice, data
and video applications to their customers or to their employees.
Alcatel leverages its leading position in fixed and mobile
broadband networks, applications and services to bring value to
its customers in the framework of a broadband world. With sales
of EUR12.5 billion in 2003, Alcatel operates in more than 130
countries.

                            *   *   *

Standard and Poor's recently upgraded Alcatel to 'BB-' from
'B+.' Rating with Moody's is B1; outlook is positive.

CONTACT:  ALCATEL
          54, rue La Boetie
          75008 Paris, France
          Phone: +33 1 40 76 10 10
          Fax:   +33 1 40 76 14 05
          Web site: http://www.alcatel.com


TATI: Vetura Amends Redundancy Proposal to Save 33 More Jobs
------------------------------------------------------------
Vetura, which took over French discount clothing retailer Tati
last month, has decided to amend its redundancy plan, retaining
33 employees of the 997 who will be axed, Les Echos says.  This
brings to 700 the total number of jobs saved.

Tati's central works council reviewed the revised proposal
Monday.  The CGT union said the development was proof that there
was room for improvement in the plan.  The CGT is asking Vetura
to offer jobs to Tati's redundant employees at its eight new
outlets that will open in the next two months.  Twenty-one of
the retained employees come from Tati's main office.

CONTACT:  TATI
          4 Boulevard Rochechouart
          75018 Paris 18
          Phones: 01 55 29 50 00
                  01 58 22 28 90
                  01 56 80 06 80
                  01 53 80 97 70
                  01 53 01 24 90
          E-mail: contact@tati.fr
          Web site: http://www.tati.fr

          FABIO LUCCI VETURA
          81 Rue Cartier Bresson
          93697 Pantin Cedex
          Phone: 01 48 44 90 90
          Fax: 01 48 43 40 34
          Web site: http://www.vetura.fr


=============
G E R M A N Y
=============


BGS PLANUNGSBURO: Deadline for Filing of Claims September 13
------------------------------------------------------------
BGS Planungsburo Schad GmbH applied for bankruptcy proceedings
before the district court of Darmstadt on August 19.  The filing
automatically stayed all pending proceedings against the
company.  Creditors have until September 13, 2004 to register
their claims with court-appointed provisional administrator
Bardo M. Sigwart.

Creditors and other interested parties are encouraged to attend
the meeting on October 13, 2004, 10:45 at the district court of
Darmstadt to discuss, among others, the possible choice of a new
insolvency administrator, and the election of a creditors
committee.  The claims will be simultaneously reviewed by the
court during the meeting.

CONTACT:  BGS PLANUNGSBURO SCHAD GMBH
          Adolf-Kolping-StraBe 32
          64521 GroB-Gerau
          (AG GroB Gerau, HRB 54719)
          Contact:
          Harald Barthel, Manager
          SchillerstraBe 15
          64572 Buttelborn

          BARDO M. SIGWART
          Insolvency Manager
          Ostend 14, 64347
          Griesheim
          Phone: 06155/60930
          Fax: 06155/66297

          DISTRICT COURT OF DARMSTADT
          Zimmer 2, Gebaude E
          LandwehrstraBe 48,
          64293 Darmstadt


CELANESE AG: Reports EUR91 Million Second-quarter Net Loss
----------------------------------------------------------
Celanese AG (NYSE:CZ)(FWB:CZZ) reported a second quarter
operating profit of EUR54 million compared to EUR109 million in
the same period last year, which included EUR90 million of
insurance recoveries related to the previously disclosed
plumbing litigation cases.  In the second quarter 2004 report,
the company said it had a net loss for the period of EUR91
million, or EUR1.85 per share, compared to net earnings of EUR96
million, or EUR1.95 per share, in the same period last year.

Stronger business conditions than a year earlier were unable to
compensate for the negative impact on net earnings of a
valuation allowance of EUR146 million against deferred tax
assets associated with our U.S. net operating loss (NOL) carry
forwards.  Under U.S. tax law, a change in ownership of more
than 50 percentage points results in an annual limitation on the
future utilization of the NOL carry forwards.  In April, BCP
Crystal Acquisition GmbH & Co. KG, a limited partnership
controlled by a group of investment funds advised by The
Blackstone Group, acquired 84.32% of outstanding Celanese
shares.

Operating profit benefited in particular from higher volumes in
the Ticona, Chemical Products and Performance Products segments,
significantly lower stock appreciation rights expenses and the
absence of a loss from the European oxo business which was
transferred into a joint venture in October 2003.  Higher raw
material and energy costs and slightly lower pricing lessened
operating profit.

Net sales of EUR1.02 billion in the second quarter were flat
compared to those in the same period last year.  Volume
increases (+9%) were offset by changes in the composition of our
Chemical Products segment (-5%), unfavorable currency effects
(-3%), resulting mainly from the stronger euro versus the U.S.
dollar and slightly lower pricing (-1%), driven by the
Performance Products and Ticona segments.  The changes in the
composition of the Chemical Products segment mainly consist of
the effects of the transfer of the European oxo business into a
joint venture in the fourth quarter of 2003.

Outlook

In the third quarter 2004, the company is experiencing healthy
demand for many of its products and expects that volumes will be
stronger than those in the same period last year.  Volatile
pricing for crude oil, its derivatives and natural gas is
expected to impact the raw material and energy costs of the
company.  Celanese will continue its efforts to raise prices,
but expects that elevated costs for hydrocarbons will put
pressure on margins.  The company is also reviewing options to
redesign the corporate and business organizations and processes
and will continue the efforts to enhance productivity and the
profitability of the businesses.

The entire second quarter 2004 report can be found on the
investor relations page at http://www.celanese.com.

Celanese AG is a global chemicals company with leading positions
in its key products and world-class process technology.  The
Celanese portfolio consists of four main businesses: Chemical
Products, Acetate Products, Technical Polymers Ticona and
Performance Products.  Celanese generated sales of around EUR4.1
billion in 2003 and has about 9,500 employees.  The company has
24 production plants and six research centers in 10 countries
mainly in North America, Europe and Asia.

                            *   *   *

Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit ratings on BCP Caylux Holdings Luxembourg S.C.A. and its
Frankfurt, Germany-based Celanese AG subsidiary and removed them
from CreditWatch where they were placed with negative
implications on Dec. 16, 2003.  The outlook is stable.

The affirmation reflected shareholders' approval of the
domination and profit and loss transfer agreement, and the
domination agreement becoming effective on October 1, 2004.

"These agreements are important to BCP Caylux's credit quality
because they enable the company to control the management and
share in the profits and losses of Celanese.  BCP Caylux
currently owns 84% of the ordinary shares of Celanese," said
Standard & Poor's credit analyst Wesley E. Chinn.

CONTACT:  CELANESE AG
          Media Relations
          Europe:
          Michael Kraft
          Phone: +49 (0)69/30514072
          Fax: +49 (0)69/305 36787
          E-mail: M.Kraft@celanese.com

          or
          USA:
          Vance Meyer
          Phone: +1 972 443 4847
          Fax: +1 972 443 8519


COGNIS GMBH: Lists Notes on Luxembourg Stock Exchange
-----------------------------------------------------
The two notes recently issued by global specialty chemicals
company Cognis are now listed on the Luxembourg Stock Exchange.

On May 13 Cognis issued subordinated fixed-rate Senior Notes of
EUR345 million and floating-rate Second Lien Notes of EUR235
million.  The Senior Notes carry a fixed coupon of 9.50% and
will mature in May 2014.  The Second Lien Notes bear an interest
of 4.75% over the respective six-month EURIBOR rate and will
mature in November 2013.

               Fixed-rate Senior Notes:


  Issuer                     Cognis GmbH

Currency                     Euro

Issue amount                 345.0 million

Issue date                   May 13, 2004

Maturity date                May 15, 2014

Interest rate                9.50%

Interest payments            Semi-annual

Issue price                  100

Listing                      Luxembourg Stock Exchange

ISIN                         XS0191508281


             Floating-rate Second Lien Notes:


  Issuer                     Cognis Deutschland GmbH & Co. KG

Currency                     Euro

Issue amount                 235.0 million

Issue date                   May 13, 2004

Maturity date                November 15, 2013

Interest rate                Six-month EURIBOR plus 4.75%

Interest payments            Semi-annual

Issue price                  100

Listing                      Luxembourg Stock Exchange

ISIN                         XS0191507556

This announcement is for informational purposes only and does
not constitute an offer to sell or an invitation to purchase any
securities or the solicitation of any vote or approval in any
jurisdiction.  Holders of the Senior Notes or Second Lien Notes
can obtain a free copy of this press release as well as annual
and quarterly financial information and other information at
http://www.cognis.com. The release, publication or distribution
of this announcement in certain jurisdictions may be restricted
by law and therefore persons in such jurisdictions into which
this announcement is released, published or distributed should
inform themselves about and observe such restrictions.

About Cognis

Cognis is a worldwide supplier of innovative specialty chemicals
and nutritional ingredients.  It employs 8,500 people, and has
production sites and service centers in almost 30 countries.
The company has dedicated its activities to a high level of
sustainability and delivers natural source raw materials and
ingredients for food, nutrition and healthcare markets, and the
cosmetics, detergents and cleaners industries.  Additionally,
Cognis provides solutions for a number of other industries, such
as coatings and inks, lubricants, textiles and plastics, as well
as agriculture and mining.

Cognis is owned by private equity funds advised by Permira, GS
Capital Partners, and Schroder Ventures Life Sciences.  In 2003,
Cognis recorded sales of EUR2.95 billion and a Recurring EBITDA
(earnings before interest, income taxes, depreciation,
amortization and exceptional items) of EUR312 million.

CONTACT:  COGNIS DEUTSCHLAND GMBH & CO. KG
          Bernhard Vogtland
          VP Corporate Finance, Tax & Investor Relations
          Phone: +49-211-7940-6986
          E-mail: bernhard.vogtland@cognis.com
          Web site: http://www.cognis.com

          Susanne Sengel, Corporate Communications Manager
          Phone: +49-211-7940-5431
          E-mail: susanne.sengel@cognis.com


CONCORDIA BAU: Files for Bankruptcy
-----------------------------------
Concordia Bau und Boden AG & Co. applied for bankruptcy
proceedings before the district court of Duisburg on August 25.
The filing automatically stayed all pending proceedings against
the company.  Creditors have until October 12, 2004 to register
their claims with court-appointed provisional administrator
Eberhard Stock.

Creditors and other interested parties are encouraged to attend
the meeting on November 2, 2004, 11:35 a.m. at the district
court of Duisburg at which time the administrator will present
his first report of the insolvency proceedings.

CONTACT:  IMMOBILIEN-FONDS-GESELLSCHAFT KG
          Duisburger Str. 531, 46049 Oberhausen
          (in behalf of partners Karl Ulrich Meyer-Rudolphi and
          CBB Holding AG)

          Eberhard Stock
          Insolvency Administrator
          Wilhelmshofallee 75
          47800 Krefeld

          DISTRICT COURT OF DUISBURG
          Nebenstelle, Kardinal-Galen-StraBe 124-130
          47058 Duisburg, IV. Etage, Saal 407


HENJES BAU: Hannover Court Appoints Provisional Administrator
-------------------------------------------------------------
Henjes Bau Gesellschaft applied for bankruptcy proceedings
before the district court of Hannover on August 20.  The filing
automatically stayed all pending proceedings against the
company.  Creditors have until October 13, 2004 to register
their claims with court-appointed provisional administrator Dr.
Jur. Rainer Eckert.

Creditors and other interested parties are encouraged to attend
the meeting on November 11, 2004, 9:15 a.m. at the district
court of Hannover at which time the administrator will present
his first report of the insolvency proceedings.  The court will
simultaneously review the administrator's report.

CONTACT:  HENJES BAU GESELLSCHAFT
          Hagebuttenweg 11, 31535 Neustadt
          (AG Neustadt, HRB 2938)
          Contact:
          Mira Henjes, Manager

          Dr. Jur. Rainer Eckert
          Insolvency Administrator
          Lister StraBe 18
          30163 Hannover
          Phone: 0511/626287-0
          Fax: 0511/626287-10

          DISTRICT COURT OF HANNOVER
          Saal 2170, I. Stock, Amtsgericht Hannover (Altbau)
          Volgersweg 1, 30175 Hannover


IG FARBEN: Demands Full Payment for Subsidiaries Sold to WCM
------------------------------------------------------------
Insolvent German chemicals company IG Farbenindustrie is
demanding EUR17 million from WCM Beteiligungs- und Grundbesitz
as payment for the sale of its subsidiaries, Frankfurter
Allgemeine Zeitung says.

In an option agreement, WCM had promised to acquire two of IG's
subsidiaries, including real estate assets for EUR33 million.
However, the price was reduced to EUR17 million after it was
discovered that the EUR33 million initial price was based on the
subsidiaries' 2000 book value and was too high.  WCM continually
refused to pay the amount, claiming the signed deal was a mere
declaration of intent.  Insolvency administrator Angelika Amend
is reportedly interested in an out-of-court settlement to speed
up IG's insolvency proceedings.

WCM, the German real estate investment company, had been a
subsidiary of IG Farben until a complicated share exchange
reversed the situation.

CONTACT: WCM GROUP
         Opernplate 2
         60313 Frankfurt am Main
         Phone: +49 (0) 69 90026-0
         Fax: +49 (0) 69 90026-110
         E-mail: info@wcm.de
         Web site: http://www.wcm.de


INTERPOOL AGENTUR: Applies for Bankruptcy Proceedings
-----------------------------------------------------
InterPOOL agentur fur kommunikationsgestaltung GmbH applied for
bankruptcy proceedings before the district court of
Charlottenburg on August 19.  The filing automatically stayed
all pending proceedings against the company.  Creditors have
until November 18, 2004 to register their claims with
court-appointed provisional administrator Dr. Bjorn Gehde.

Creditors and other interested parties are encouraged to attend
the meeting on October 6, 2004, 11:00 a.m. to discuss, among
others, the possible choice of a new administrator, and the
election of a creditors committee.  The Charlottenburg court
will review the bankruptcy proceedings January 12, 2005.

CONTACT:  INTERPOOL AGENTUR FUR KOMMUNIKATIONSGESTALTUNG GMBH
          Ritterstr. 11 (Im Ritterhof), 10969 Berlin

          Dr. BjOrn Gehde
          Insolvency Administrator
          Goethestr. 85, 10623 Berlin

          DISTRICT COURT OF CHARLOTTENBURG
          Amtsgerichtsplatz 1, 14057 Berlin
          II. Stock Saal 218


ITD M.: Bankruptcy Petition Stays All Pending Proceedings
---------------------------------------------------------
The district court of Stuttgart opened bankruptcy proceedings
over the business of furniture forwarding company ITD M. Majer
on August 20.  The order automatically stayed all pending
proceedings against the company.  Creditors have until September
20, to register their claims with court-appointed provisional
administrator Hans-Jorg Derra.

Creditors and other interested parties are encouraged to attend
the meeting on October 15, 10:00 a.m. at the district court of
Stuttgart at which time the administrator will present his first
report of the insolvency proceedings.  The court will
simultaneously review the administrator's report.

CONTACT:  ITD M. MAJER, INT.
          Dieselstr. 7, 89518 Heidenheim

          Hans-Jorg Derra
          Insolvency Manager
          Frauenstr. 14, 89073 Ulm
          Phone:  0731/922880
          Fax: 0731/92288-88

          DISTRICT COURT OF STUTTGART
          73430 Aalen, Stuttgarter Str. 7
          EG, Saal 0.08


KFZ-TECHNICK: Court to Examine Late Claims Next Week
----------------------------------------------------
The district court of Neuruppin on September 10, 2004, 9:50 a.m.
will examine creditors' demands against Kfz-Technik-Muhlenbeck
GmbH that have been registered beyond the deadline set for
filing of claims.

The review will be at Hall 325 of the district court of
Neuruppin, Karl-Marx-StraBe 18 a, 16816 Neuruppin.

Kfz-Technik-Muhlenbeck is engaged in car maintenance and
repairs, towing-service, and the sale of passenger cars, spare
part, and accessories.


MUSTAPHA KEMEL: Succumbs to Bankruptcy
--------------------------------------
Mustapha Kemel Bereksi-Regnig applied for bankruptcy proceedings
before the district court of Munster on August 25.  The filing
automatically stayed all pending proceedings against the
company.  Creditors have until October 29, 2004 to register
their claims with court-appointed provisional administrator
Ralph Schmid.

Creditors and other interested parties are encouraged to attend
the meeting on November 19, 2004, 9:30 a.m. at the district
court of Munster at which time the administrator will present
his first report of the insolvency proceedings.  The court will
simultaneously review the administrator's report.

CONTACT:  MUSTAPHA KEMEL BEREKSI-REGNIG
          Lindenweg 1 a, 48739 Legden

          Ralph Schmid
          Insolvency Manager
          Dulmener Str. 92, 48653 Coesfeld
          Phone: 02541/915-03
          Fax: +492541915100

          DISTRICT COURT OF MUNSTER
          Gebaudeteil Eingang B
          GerichtsstraBe 2 - 6,
          48149 Munster, EG, Saal 13 B


NO. 22 SHOES'N: Deadline for Filing Claims October 12
-----------------------------------------------------
No. 22 Shoes 'n Fashion GmbH applied for bankruptcy proceedings
before the district court of Bielefeld on August 25.  The filing
automatically stayed all pending proceedings against the
company.  Creditors have until October 12, 2004 to register
their claims with court-appointed provisional administrator
Cornelia Monert.

Creditors and other interested parties are encouraged to attend
the meeting November 2, 2004, 10:30 a.m. at the district court
of Bielefeld at which time the administrator will present his
first report of the insolvency proceedings.  The court will
simultaneously review the administrator's report.

CONTACT:  NO. 22 SHOES`N FASHION GMBH
          Gehrenberg 22 u. 24
          33602 Bielefeld
          Contact:
          Karin Mathia, Manager

          Cornelia Monert
          Insolvency Manager
          Lise-Meitner-Str. 13
          33605 Bielefeld

          DISTRICT COURT OF BIELEFELD
          GerichtstraBe 6, 33602 Bielefeld
          4. Ebene, Saal 4065


PRIMACOM: Posts Higher First-half Loss Despite Revenue Jump
-----------------------------------------------------------
PrimaCom reports further improved consolidated revenues and
operating results for the second quarter and first six months of
2004.

Second quarter 2004 revenues reached EUR52.2 million, a 6.4%
increase over the second quarter 2003.  The company
significantly improved its operating profit to EUR6.1 million in
the second quarter of 2004 compared with EUR4.4 million in the
second quarter of 2003.  This improvement is the result of
continued cost control measures and increased revenues.

EBITDA for the second quarter of 2004 increased to EUR27.0
million, a 7.2% increase over the second quarter 2003 EBITDA.
Net loss for the second quarter of 2004 was EUR26.1 million
compared with a net loss of EUR23.2 million for the second
quarter of 2003.

Revenues increased by 6.5% to EUR103.3 for the first six months
of 2004 compared with EUR97.0 million in the first six months of
2003.  The operating profit for the first six months of 2004
significantly improved to EUR11.6 million from EUR7.1 million
for the first six months of 2003.

EBITDA for the first six months of 2004 increased to EUR53.2
million, a 10.8% increase over the first six months of 2003.
Net loss for the first six months of 2004 increased to EUR52.1
million, a 12.3 higher than from the first six months 2003.

Revenue generating units increased by 33,723 or 2.4% from
1,386,616 as of June 30, 2003 to 1,420,339 as of June 30, 2004.
The primary factor responsible for the growth was the 63.4% or
42,923 increase in high-speed internet subscribers.

PrimaCom continues to focus on revenue improvements, cost
reduction management and profitability improvements and actively
pursues all opportunities to reorganize its debt and equity
structure.

                        About Primacom

PrimaCom (http://www.primacom.de)is a significant private cable
network operator with over 5% market share in Germany and the
Netherlands.  PrimaCom offers a wide range of analog, digital
and interactive broadband services.  PrimaCom is Germany's most
experienced Digital-TV cable operator.  Customers, connected to
the upgraded 862 MHz networks, have access to more than 100 TV
and radio programs, to interactive Video on Demand, and to high
speed Internet.  PrimaCom currently passes 2 million homes and
serves 1.3 million subscribers, 1.0 million in Germany and 0.3
million in The Netherlands.  PrimaCom shares are traded at the
Frankfurter Borse (ISIN: DE0006259104, Xetra Symbol: PRC.ETR)
and PrimaCom ADRs (2 ADRs equal 1 share) are traded in the USA
at the OTC BB Market (Symbol: PCAGY).

CONTACT:  PRIMACOM A.G.
          An der Ochsenwiese 3,
          55124 Mainz
          E-mail: info@primacom.com
          Web site: http://www.primacom.de

          Investor Relations
          Phone: +49 6131-944-522
          Fax: +49 6131 944-508
          E-mail: investor@primacom.de


PSE PROFESSIONAL: Court Appoints Insolvency Administrator
---------------------------------------------------------
Software developer PSE Professional Software Engineering GmbH
applied for bankruptcy proceedings before the district court of
Duisburg on August 25.  The filing automatically stayed all
pending proceedings against the company.  Creditors have until
October 12, 2004 to register their claims with court-appointed
provisional administrator Dr. Andreas Ropke.

Creditors and other interested parties are encouraged to attend
the meeting on November 3, 2004, 9:15 a.m. at the district court
of Duisburg at which time the administrator will present his
first report of the insolvency proceedings.  The court will
simultaneously review the administrator's report.

CONTACT:  PSE PROFESSIONAL SOFTWARE ENGINEERING GMBH
          Vinckeweg 19, 47119 Duisburg
          Contact:
          Jurgen Opalka, Manager
          Mainstr. 11, 47226 Duisburg
          Jurgen Rettinghausen, Manager
          Moerser Str. 603, 47802 Krefeld

          Dr. Andreas Ropke
          Insolvency Manager
          Harmoniestr. 1c
          47119 Duisburg

          DISTRICT COURT OF DUISBURG
          Nebenstelle, Kardinal-Galen-StraBe 124-130
          47058 Duisburg, III. Etage, Zimmer 315


WINNERS WORLD: Aachen Court Opens Bankruptcy Proceedings
--------------------------------------------------------
Winners World GmbH applied for bankruptcy proceedings before the
district court of Aachen on August 25.  The filing automatically
stayed all pending proceedings against the company.  Creditors
have until October 15, 2004 to register their claims with
court-appointed provisional administrator Arne Meyer.

Creditors and other interested parties are encouraged to attend
the meeting on November 22, 2004 at the district court of Aachen
at which time the administrator will present his first report of
the insolvency proceedings.  The court will simultaneously
review the administrator's report.

CONTACT:  WINNERS WORLD GMBH
          Bahnhofstr. 109, 52499 Baesweiler
          Contact:
          Erika de Ben, Manager
          Horster Park 3, B-4731 Raeren

          Arne Meyer
          Insolvency Manager
          Viktoriastr. 73-75
          52066 Aachen
          Phone: 0241/949190
          Fax: 0241/9491919

          DISTRICT COURT OF AACHEN
          Nebenstelle AugustastraBe
          AugustastraBe 78/80
          52070 Aachen, II.
          Etage, Zimmer 21


WOHNUNGSBAU GMBH: Under Bankruptcy Administration
-------------------------------------------------
Wohnungsbau GmbH applied for bankruptcy proceedings before the
district court of Munster on August 26.  The filing
automatically stayed all pending proceedings against the
company.  Creditors have until October 18, 2004 to register
their claims with court-appointed provisional administrator Dr.
Stephan Thiemann.

Creditors and other interested parties are encouraged to attend
the meeting on November 8, 2004, 9:30 a.m. at the district court
of Munster at which time the administrator will present his
first report of the insolvency proceedings.  The court will
simultaneously review the administrator's report.

Wohnungsbau is involved in the design and construction of
residential houses.

CONTACT:  WOHNUNGSBAU GMBH
          Kirchbrede 18
          48291 Telgte-Westbevern
          Contact: Klaus Kayser, Manager
          Gruner Grund 32, 48268 Greven

          Dr. Stephan Thiemann
          Insolvency Manager
          Lublinring 12, 48147
          Munster
          Phone: 0251/16283-0
          Fax: +492511628311

          DISTRICT COURT OF MUNSTER
          Gebaudeteil Eingang B
          GerichtsstraBe 2 - 6, 48149
          Munster, EG, Saal 13 B


=============
H U N G A R Y
=============


BRAU UNION: Suffers Huge Profit Drop in First Half
--------------------------------------------------
Brau Union Rt, the brewery at the center of a controversial
takeover by Heineken, reported an 83% drop in first-half income
this year, just-drinks reports.  The company posted pre-tax
income for the six-month of HUF391 million (US$1.89 million).
Its operating income was down by 85.5% to HUF341 million.

Discounting the contribution of the product portfolio growth of
Heineken's Amstel, Brau's revenues are 4.1% lower.  This is
despite the fact that Brau increased its price by 8% this year.
Sales were low even in the general Hungarian market. The drop is
partly due to high imports of low-priced German and Czech canned
beer.

Brau's costs rose after price of sold goods and the value of
purchased services increased by 293.6% and 30.9%, respectively.

The company is facing a fraud lawsuit filed by a group of its
shareholders, reports say.  The investors are accusing the
company of deception in relation to acquisition by Heineken of
79.8% of Brau Union, formerly GeBAG.  They said the firm is
valued far more than the EUR770 million offered by Heineken.

According to Die Presse, Brau Union supervisory council
President Ludwig Beurle confirmed there is a difference of about
EUR40 million and EUR50 million in the valuation.

Brau Union's principal activity is the production and
distribution of beer.  Its brand names include Soproni Aszok,
Steffl, Gosser, Kaiser, Zipfer and the non-alcoholic brand,
Schlossgold.

CONTACT:  BRAU UNION
          Head Office
          Vandor Sandor utca 1.
          9400 Sopron
          Hungary
          Phone: +36 99 516 121
          Fax: +36 99 516 242
          Web site: http://www.brau.hu


=============
I R E L A N D
=============


EIRCOM GROUP: Profits Hit by EUR48 Mln Restructuring Costs
----------------------------------------------------------
Highlights of First-quarter Results:

(a) Adjusted EBITDA[1] up 10% to EUR156 million due to improved
    gross margins and lower operating costs, giving an increased
    Adjusted EBITDA1 margin of 39%;

(b) Operating profit before restructuring program costs up 86%
    to EUR65 million, and operating margin of 16%, up from 9%;

(c) Over EUR57 million of capital investment in Q1, reaffirming
    our target of EUR200 million for the year;

(d) Broadband momentum has increased, with c. 54,000 users at
    Q1, rising to 73,000 currently;

(e) Turnover, while down 2%, is slightly ahead of plan, as
    access and DSL revenue growth compensates for traffic
    reductions;

(f) Accelerated ongoing reorganization led to a charge of EUR48
    million in Q1 to reduce headcount by c. 400.

Financial Highlights

                        Quarter ended Quarter ended  Percentage
                             June 2003     June 2004      Change
                               EUR'm        EUR'm

    Turnover                   410           402        (2)%
    Gross profit               297           305         3%
    Operating costs before
    restructuring program costs,
    depreciation and goodwill amortized
                              159           153         (4)%
    EBITDA before restructuring
    program costs             138           152         10%
    Adjusted EBITDA before
    restructuring program costs and
    pension amortization      142           156         10%
    Operating profit before
    restructuring program costs
                               35            65         86%
    Capital expenditure cash outflow
                               69            57        (17)%
    Net debt excluding capitalized fees
                            1,790         1,938          8%


Operational Highlights

                        Quarter ended Quarter ended  Percentage
                            June 2003     June 2004      Change
    Total access channels (thousands)
                           1,952         2,019          3%
    Traffic minutes (millions)
                           3,369         3,071         (9)%
    Interconnect minutes (millions)
                           1,765         1,882          7%
    Average headcount
                           8,478         7,908         (7)%
    Period-end headcount   8,412         7,877         (6)%

Key ratios

                                    Quarter ended Quarter ended
                                        June 2003     June 2004
    Gross margin                              72%           76%
    EBITDA margin before restructuring
    program costs                             34%           38%
    Adjusted EBITDA margin before restructuring
    program costs                             35%           39%
    Operating margin before restructuring
    program costs                              9%           16%

Commenting on the results, eircom Chief Executive, Dr. Philip
Nolan said: "We have announced a very solid set of results for
Q1, which are in line with our plans and expectations.

"In a tough environment, we have grown profitability
significantly, both at EBITDA and operating profit levels, and
have continued capital investment at planned levels.

"Our broadband rollout is powering ahead and we are confident of
reaching our target of 100,000 users by December 2004.

Our "Talktime" bundled voice packages -- a key element of core
revenue defense -- have proven very popular.  Take-up now stands
at over 138,000 packages.

These results highlight the continued resilience of our business
and our ability to compete and succeed in one of Europe's most
competitive marketplaces."

N.B. A full set of Q1 results is available at
http://www.eircom.ie/ir

-----------
[1] EBITDA before restructuring program costs and pension
amortization.

CONTACT:  EIRCOM GROUP PLC
          Nuala Buttner
          Press Office
          Phone: +353-01-7015483/+353-087-2352165
          E-mail: nbuttner@eircom.ie

          POWERSCOURT
          John Murray
          Phone: +44(0)207-236-5615
          E-mail: john.murray@powerscourtmedia.com


=========
I T A L Y
=========


ALITALIA SPA: Flight Crews Demand Audience with Management
----------------------------------------------------------
The pilots and flight attendants of struggling Italian carrier
Alitalia have been trying to hold talks with the airline
management over the proposed restructuring plan, La Stampa says.

The plan entails increasing productivity and implementation of
drastic cost-cutting measures, which could help save around
EUR230 million.  Alitalia intends to transfer around 1,500
flight attendants to its Milan hub, as this would defer daily
commuting cost from their resident base in Rome.  Reports have
been circulating that around 6,000 jobs will be slashed from
Alitalia's workforce through redundancies and the spinning off
of Alitalia's ground services.

CONTACT:  ALITALIA S.p.A.
          Viale A. Marchetti 111
          00148 Rome, Italy
          Phone: +39 06 6562 2151
          Fax:   +39 06 6562 4733
          Web site: http://www.alitalia.it


PARMALAT U.S.A.: File Plan & Disclosure Statement Due Thursday
--------------------------------------------------------------
In a stipulation approved by the U.S. Bankruptcy Court for the
Southern District of New York, Parmalat U.S.A. Corporation and
its United States debtor-affiliates and subsidiaries, General
Electric Capital Corporation as agent and lender, Citibank,
N.A., and the Official Committee of Unsecured Creditors agree to
modify the termination provisions under the DIP Financing
Agreement and the Final DIP Order.  The Lenders agree to allow
the Debtors to file a plan of reorganization and the
accompanying disclosure statement, on or before September 2,
2004.  The Debtors' failure to comply will constitute a
Termination Event under the DIP Financing Agreement.

The parties also agree that all obligations and commitments of
Citibank, GE Capital and the DIP Lenders, and the U.S. Debtors'
authorization to use the Cash Collateral, will terminate at the
earliest of:

       (i) September 2, 2004;

      (ii) the effective date of any reorganization plan;

     (iii) the entry of a Court order converting any of the
           Chapter 11 Cases to a case under Chapter 7 of the
           Bankruptcy Code or dismissing any of the cases; or

      (iv) the termination of the DIP Financing Agreement or the
           Debtors' Receivables Purchase Agreement with
           Citibank.

The Final DIP Order remains in full force and effect in all
other respects.

Headquartered in Wallington, New Jersey, Parmalat USA
Corporation -- http://www.parmalatusa.com/-- generates more
than EUR7 billion in annual revenue.  The Parmalat Group's
40-some brand product line includes milk, yogurt, cheese,
butter, cakes and cookies, breads, pizza, snack foods and
vegetable sauces, soups and juices.  The company employs over
36,000 workers in 139 plants located in 31 countries on six
continents.  It filed for chapter 11 protection on February 24,
2004 (Bankr. S.D.N.Y. Case No. 04-11139).  Gary Holtzer, Esq.,
and Marcia L. Goldstein, Esq., of Weil Gotshal & Manges LLP,
represent the Debtors in their restructuring efforts.  On June
30, 2003, the Debtors listed EUR2,001,818,912 in assets and
EUR1,061,786,417 in debts. (Parmalat Bankruptcy News, Issue No.
28; Bankruptcy Creditors' Service, Inc., 215/945-7000)


VIAGGI DEL VENTAGLIO: Lacks Cash to Repay Bonds, Says Auditor
-------------------------------------------------------------
Deloitte & Touche, auditor of the Italian tour group Viaggi del
Ventaglio, announced Friday the travel company might not be able
to repay a EUR100 million bond due May 2005, Il Sole 24 Ore
says.

The auditors said Viaggi should undertake extraordinary measures
to prevent the deferment of payment.  Deloitte and Touche
suggested the company could raise funds through selling its
properties or from a rights issue launched in June.  Claudio
Calabi, Viaggi's chief executive, confirmed the commitment of
the group to repay the bond.

Viaggi's stock price fell by 3.18% Monday at EUR1.097 after
Deloitte and Touche made the announcement.

CONTACT:  I VIAGGI DEL VENTAGLIO S.P.A
          Via dei Gracchi,
          35 - 20146 Milano
          Web site: http://www.ventaglio.com


===================
K Y R G Y Z S T A N
===================


AI-PERY: Selling Unfinished 48-door Apartment for US$4,000
----------------------------------------------------------
The bidding organizer and insolvency manager of JSC Ai-Pery will
auction the firm's assets on September 10, 2004 at 10:00 a.m. at
Sulukta, Shahterskaya Str. 14.  Up for sale is an unfinished
48-apartment construction located at Kash-Bulak village,
Rustamov St.  Starting price is KGS165,551.

To participate, legal and physical persons must pay a deposit
equivalent to 10% of the starting price to the cashier of
Ai-Pery on or before September 9, 2004.  Bids and necessary
documents must be submitted to Sulukta, Shahterskaya Str. 14.


AK-TILEK: Public Auction of Assets September 7
----------------------------------------------
The bidding organizer and the insolvency manager of Agricultural
Seed-Farming Co-Operative Ak-Tilek will auction the firm's
assets on September 7, 2004, 11:00 at Chui region, Chui village,
Ibraimov Str. 27, Ayil Okmotu building.

The assets for sale are:

(a) Lot 1: Consumer services house.  Starting price is
           KGS65,000;

(b) Lot 2: Fruit garden.  Starting price is KGS142,500;

(c) Lot 3: 2 Cisterns with capacity of 25 cubic meters.
           Starting price is KGS15,000 each.

Participants must pay a deposit equivalent to 10% of the staring
price to the cashier of Ak-Tilek.  Entry fees for legal and
physical persons are KGS200 and KGS100 respectively; observer's
fee is KGS50. Documents must be submitted on or before September
6, 2004 from 9:00 a.m. to 2:00 p.m. to Bishkek, Toktogul Str.
212/3.  For more information, call (0-517) 73-67-29.


JAYIL BREWERY: Bishkek Court Starts Bankruptcy Supervision
----------------------------------------------------------
The Bishkek Inter-District Court on Economic Issues commenced
bankruptcy supervision procedure on JSC Jayil Brewery on August
8, 2004 and appointed Mr. Erkinbek Umetaliev (License Number
0338) temporary insolvency manager on August 12, 2004.
Creditors will meet on September 10, 2004, 11:00 at Kara-Balta,
P-Tolyatty Str. 8.

Creditors must submit their proofs of claim and register with
the temporary insolvency manager seven days prior to the
meeting.  Proxies must have authorization to vote.   For more
information, call (0-502) 51-76-27 or (0-502) 23-60-60.


KAMKOR: Sets Public Auction of Assets September 8
-------------------------------------------------
CJSC Insurance Company Kamkor will hold a public auction on
September 8, 2004, 10:00 a.m. at Kyrgyzstan, Bishkek,
Abdrahmanov St. (Moscow St.) 105.  The assets for sale are:

(a) Lot 1: 74.43% share in 6 unfinished houses located at
           Alamudun district, Kok-Djar, Seitek block.  The
           houses are 3-6, 9-10, 40-44, 41-42 ,45-46, 50.
           Starting price is KGS6,629,539;

(b) Lot 2: Two-door apartment located at Karakol, Moscow Str.
           125, apt. 23.  Starting price is KGS250,000;

(c) Lot 3: Chevrolet-Cavalier 7077.  Starting price is
           KGS600,101.58;

(d) Lot 4: Mercedes-Bens 230 9148.  Starting price is
           KGS183,804.83.

Preliminary examination of bids will be done at the same
address.  For more information, call (0-312) 28-46-93


SERVICE AND OPERATIONAL: Creditors Meeting September 8
------------------------------------------------------
The Bishkek Inter-District Court on Economic Issues commenced
bankruptcy supervision procedure on LLC Service and Operational
Firm and appointed Mr. Erkinbek Umetaliev (License Number 0338)
temporary insolvency manager on August 4, 2004.  Creditors will
meet on September 8, 2004, 10:00 a.m. at Bishkek, Trudovaya Str.
9.

Creditors must submit their proofs of claim and register with
the temporary insolvency manager seven days prior to the
meeting.  For more information, call (0-312) 24-47-34, (0-312)
65-36-90, or (0-502) 51-76-27.


SEVERNAYA PMK: Invites Bidders for Apartment, Office Equipment
--------------------------------------------------------------
The bidding organizer and insolvency manager of JSC Severnaya
PMK will auction the firm's properties on September 14, 2004,
9:00 a.m. at Kyrgyzstan, Bishkek, Fatianov Str. 1.  The assets
for sale are:

(a) Lot 1: Car and equipment.  Starting price is KGS4,160;

(b) Lot 2: Apartment located at Bishkek, Fatianov Str.1, apt.
           30.  Starting price is KGS29,262;

(c) Lots 3-9: Office equipment.

The starting price of each asset is equivalent to 80% of its
value.  Participants must deposit an amount equivalent to 10% to
the insolvency manager on or before September 13, 2004, until
12:00 noon.  The winning bidder must settle payment on the day
of the auction.  The properties, along with its price list, can
be examined at Bishkek, Fatianova Str. 1.  For more information,
call 0-312) 42-39-68.


TOKMOK FACTORY: Government Selling 5% Stake for US$55,000
---------------------------------------------------------
The State Property Fund of the Property Management State
Committee of the Kyrgyz Republic will auction the government's
5% stake at Tokmok Factory on September 28, 2004, 2:00 p.m. at
Bishkek, Erkindik Avenue 57.  Starting price is KGS2,307,400.

Company information as of January 1, 2004:

(a) Location -- 722200, Tokmok, East Industrial Zone

(b) Activity -- brick production

(c) Authorized capital stock -- KGS8,732,000

(d) Borrowed capital -- KGS55,935,000

(e) Assets -- KGS46,148,800

(f) Debts -- KGS19,303,000

(g) Receivables -- KGS1,514,000

(h) Revenue -- KGS406,000

(i) Land area -- 16 hectares

To participate in the investment tender, legal and physical
persons must submit the necessary documents on or before
September 27, 2004, until 5:00 p.m. to Bishkek, Erkindik Ave.
57.  Participants must pay a guarantee payment equivalent to 10%
of the starting price to account number 30020013833, code
330103328 at the Head Operational Department of the Kyrgyz
Promstroibank.  The winning bidder must pay a commission
equivalent to 7% of the selling price.  For more information,
call (0-312) 62-20-90 or 62-12-14.


=====================
N E T H E R L A N D S
=====================


DIOSYNTH BIOTECHNOLOGY: To Merge with U.S.-based Organon
--------------------------------------------------------
Akzo Nobel on Tuesday announced a long-term plan involving major
investment and a merger for its struggling ingredients unit
Diosynth Biotechnology.

The Dutch drug company plans to upgrade Diosynth's facility, and
combine it with Organon, its U.S.-based human healthcare arm.
Some EUR60 million (US$72 million) will be spent to build a
production facility at Diosynth's headquarters in Oss, The
Financial Times reports.

Akzo Nobel will also create a biotechnology research facility in
Cambridge, Massachusetts.  The project will share the same
functions with other facilities worldwide so that it would be
necessary to eliminate 60 jobs, mostly at Oss.

Diosynth's future was thrown in doubt following a slump in
demand.  Organon is not faring well in the U.S. either.  Its
anti-depressant drug Remeron is battling tough competition with
cheaper generic drugs.

Dutch Nobel itself is suffering from sharp decline in
pharmaceutical sales, prompting it to embark on a restructuring
aimed at countering tough markets for chemicals and coatings
activities.  The company expects group net income to fall below
the level of 2003.  It is not due to introduce a new drug this
year, bringing the absence of major developments in its drugs
pipeline to two-and-a-half year.

CONTACT:  DIOSYNTH BIOTECHNOLOGY
          P.O. Box 20, 5340 BH OSS
          Phone: +31 412 661333


KONINKLIJKE AHOLD: Hires New Senior VP for General Merchandising
----------------------------------------------------------------
Royal Ahold on Tuesday appointed Bart Karis as Senior Vice
President General Merchandising, effective December 1, 2004.
Mr. Karis, 45, will report directly to Ahold President & CEO
Anders Moberg.

This new position underlines Ahold's commitment to its "Road to
Recovery" program and the re-engineering of its food retail
operations.  Based at the Group Support Office in Zaandam, Karis
will be responsible for developing and implementing a general
merchandising strategy for the company, from product development
and sourcing to supply chain management.

Bart Karis is a Dutch national who has worked for home
furnishings retailer IKEA for the last 15 years, most recently
as Vice President Retail Europe.

CONTACT:  KONINKLIJKE AHOLD
          Corporate Communications
          Phone: +31.75.659.5720


===========
R U S S I A
===========


BAM-STROY: Undergoes Bankruptcy Supervision Procedure
-----------------------------------------------------
The Arbitration Court of Amur region has commenced bankruptcy
supervision procedure on OJSC Bam-Stroy (TIN 2808000615).  The
case is docketed as A04-5608/04-6/212.  Mr. M. Miroshnichenko
has been appointed temporary insolvency manager.  Creditors can
submit their proofs of claim to 675011, Russia, Blagoveshensk,
Krasnoarmeyskaya Str. 165, Apartment 15.

CONTACT:  BAM-STROY
          676282, Russia,
          Amur region, Tynda,
          Mokhortova Str. 12

          Mr. M. Miroshnichenko
          Temporary Insolvency Manager
          675011, Russia,
          Blagoveshensk,
          Krasnoarmeyskaya Str.165,
          Apartment 15


GRABOVSKY FACTORY: Deadline for Proofs of Claim September 16
------------------------------------------------------------
The Arbitration Court of Penza region has declared OJSC
Grabovsky Factory of Dedicated Cars (TIN 5809030248, EGRN
1025800678970) insolvent and introduced bankruptcy proceedings.
The case is docketed as A49-442/03-11b/20.  Mr. V. Orlushin has
been appointed insolvency manager.  Creditors have until
September 16, 2004 to submit their proofs of claim to 442770,
Russia, Penza region, Bessonovsy region, Grabovo, Kirpichnaya
Str. 58.

CONTACT:  GRABOVSKY FACTORY OF DEDICATED CARS
          442770, Russia,
          Penza region, Bessonovsy region,
          Grabovo, Kirpichnaya Str. 58

          Mr. V. Orlushin
          Insolvency Manager
          442770, Russia,
          Penza region, Bessonovsy region,
          Grabovo, Kirpichnaya Str. 58


KAM-AGRO-SERVIS: Penza Court Opens Bankruptcy Proceedings
---------------------------------------------------------
The Arbitration Court of Penza region has declared OJSC
Kam-Agro-Servis insolvent and introduced bankruptcy proceedings.
The case is docketed as A49-293/03-9b/10.  Mr. E. Kallistov has
been appointed insolvency manager.  Creditors have until
September 16, 2004 to submit their proofs of claim to 442243,
Russia, Penza region, Kamenka, Lugovaya Str. 114.

CONTACT:  KAM-AGRO-SERVIS
          442243, Russia,
          Penza region, Kamenka,
          Lugovaya Str. 114

          Mr. E. Kallistov
          Insolvency Manager
          442243, Russia,
          Penza region, Kamenka,
          Lugovaya Str. 114
          Phone: 841-56-2-06-94
          Fax:   841-56-5-13-43


KAVKAZ: Under Bankruptcy Supervision
------------------------------------
The Arbitration Court of Stavropol region has commenced
bankruptcy supervision procedure on LLC Kavkaz (TIN 2607012917).
The case is docketed as A63-48/2004-C5.  Mr. E. Shebetko has
been appointed temporary insolvency manager.

Creditors can submit their proofs of claim to:

(a) Temporary Insolvency Manager
    355005, Russia,
    Stavropol, Sengileevskaya Str. 27

(b) Kavkaz
    356140, Russia,
    Stavropol region,
    Izobilnensky region, Izobilny,
    Promyshlennaya Str. 1

(c) The Arbitration Court of Stavropol region
    355000, Russia, Stavtropol region,
    Mira Str. 458-b.


NIZHNEMALTSEVSKY CHEMICAL: Names I. Ryumin Insolvency Manager
-------------------------------------------------------------
The Arbitration Court of Ryazan region has declared OJSC
Nizhnemaltsevsky Chemical Plant insolvent and introduced
bankruptcy proceedings.  The case is docketed as A54-31/04-S6.
Mr. I. Ryumin has been appointed insolvency manager.  Creditors
have until September 16, 2004 to submit their proofs of claim to
390044, Russia, Ryazan, Moskovskoye Shosse, 20, Office 37.

CONTACT:  NIZHNEMALTSEVSKY CHEMICAL PLANT
          Russia, Ryazan region,
          Sasovsky region

          Mr. I. Ryumin
          Insolvency Manager
          390044, Russia,
          Ryazan, Moskovskoye Shosse, 20
          Office 37


OMSKAYA: Insolvency Manager Takes over Helm
-------------------------------------------
The Arbitration Court of Omsk region has declared OJSC tobacco
company Omskaya insolvent and introduced bankruptcy proceedings.
The case is docketed as K/E-09/03.  Ms. A. Lyasman has been
appointed insolvency manager.  Creditors have until September
16, 2004 to submit their proofs of claim to 644033, Russia,
Omsk-10, Kuybysheva Str. 81-103.

CONTACT:  OMSKAYA
          644033, Russia,
          Omsk, Krasny Put Str. 101

          Ms. A. Lyasman
          Insolvency Manager
          644033, Russia, Omsk-10,
          Kuybysheva Str. 81-103


PUBLISHING HOUSE: Proofs of Claim Deadline September 16
-------------------------------------------------------
The Arbitration Court of Ryazan region has declared LLC
Publishing House insolvent and introduced bankruptcy
proceedings.  The case is docketed as A54-305/04-S20.  Mr. I.
Ryumin has been appointed insolvency manager.  Creditors have
until September 16, 2004 to submit their proofs of claim to
390044, Russia, Ryazan, Moskovskoye Shosse, 20, office 37.

CONTACT:  PUBLISHING HOUSE
          Russia, Ryazan,
          Mayakovskogo Str. 9,
          Building 1

          Mr. I. Ryumin
          Insolvency Manager
          390044, Russia, Ryazan,
          Moskovskoye Shosse, 20,
          Office 37


PUR-OIL-GAS-GEOLOGY: Declared Insolvent
---------------------------------------
The Arbitration Court of Yamalo-Nenetsky autonomous region has
declared OJSC chisel company Pur-Oil-Gas-Geology (TIN
8911015888) insolvent and introduced bankruptcy proceedings.
The case was docketed as A81-719/1690B-04.  Mr. V. Naumov has
been appointed insolvency manager.  Creditors have until
September 16, 2004 to submit their proofs of claim to 101000,
Russia, Moscow, Mospochtamt, Post User Box 122.

CONTACT:  PUR-OIL-GAS-GEOLOGY
          629850, Russia,
          Yamalo-Nenetsky autonomous region,
          Tyumen region, Purovsky region,
          Tarko-Sarle, Geologov Str. 6

          Mr. V. Naumov
          Insolvency Manager
          101000, Russia, Moscow,
          Mospochtamt, Post User Box 122
          Phone/Fax: (095) 937-66-86


SIBIRYCHKA: Tyumen Court Commences Bankruptcy Proceedings
---------------------------------------------------------
The Arbitration Court of Tyumen region has declared CJSC
Sibirychka insolvent and introduced bankruptcy proceedings.  The
case is docketed as A70-8051/3-03.

CONTACT:  SIBIRYCHKA
          Russia, Tyumen region,
          Zavodoukovsky region,
          Tsentralny


TIKOND: Court Prescribes External Management Procedure
------------------------------------------------------
The Arbitration Court of Pskov region has commenced external
management bankruptcy procedure on state unitary enterprise
factory of ceramic capacitors Tikond.  The case is docketed as
A52-3630-2003-4.  Mr. S. Kovalenko has been appointed external
insolvency manager.  Creditors have until September 16, 2004 to
submit their proofs of claim to 1800020, Russia, Pskov,
Izhorskogo Batalyona Str. 24.

CONTACT:  Mr. S. Kovalenko
          External Insolvency Manager
          1800020, Russia, Pskov,
          Izhorskogo Batalyona Str. 24


TOMSKOYE BUILDING: Appoints M. Brodesko Insolvency Manager
----------------------------------------------------------
The Arbitration Court of Kemerovo region has declared OJSC
Tomskoye Building Management insolvent and introduced bankruptcy
proceedings.  The case is docketed as A27-6922/2004-4.  Mr. M.
Brodesko has been appointed insolvency manager.   Creditors have
until September 16, 2004 to submit their proofs of claim to
654034, Russia, Novokuznetsk, Post User Box 6152.

CONTACT:  TOMSKOYE BUILDING MANAGEMENT
          652870, Russia,
          Kemerovo region, Mezhdurechensk,
          Yudina Str. 16

          Mr. M. Brodesko
          Insolvency Manager
          654034, Russia, Novokuznetsk,
          Post User Box 6152


TYUMEN-RYB-PROM: Creditors Have Until September 16 to File Claim
----------------------------------------------------------------
The Arbitration Court of Tyumen region has declared CJSC
Tyumen-Ryb-Prom insolvent and introduced bankruptcy proceedings.
The case is docketed as A70-7976/3-03.  Ms. E. Menshenina has
been appointed insolvency manager.  Creditors have until
September 16, 2004 to submit their proofs of claim to Russia,
Tyumen, Respubliki Str. 144.

CONTACT:  TYUMEN-RYB-PROM
          Russia, Tyumen,
          Odesskaya Str. 33

          Ms. E. Menshenina
          Insolvency Manager
          Russia, Tyumen,
          Respubliki Str. 144


VODOKANAL: Bankruptcy Case Pending in Yamalo-Nenetsky Court
-----------------------------------------------------------
The Arbitration Court of Yamalo-Nenetsky autonomous region has
declared municipal enterprise Vodokanal insolvent and introduced
bankruptcy proceedings.  The case was docketed as
A53-1263/2004/S2-8.  Mr. E. Shakhkulov has been appointed
insolvency manager.

Creditors have until September 16, 2004 to submit their proofs
of claim to 344037, Russia, Rostov-na-Donu, Buynakskaya Str.
2/56.  A hearing will take place at Russia, Rostov-na-Donu,
Stanislavskogo Str. 8A on November 16, 2004, 3:00 p.m.

CONTACT:  VODOKANAL
          347630, Russia,
          Rostov region, Salsk,
          Kirova Str. 130

          Mr. E. Shakhkulov
          Insolvency Manager
          344037, Russia,
          Rostov-na-Donu,
          Buynakskaya Str. 2/56


VOSKHOD: Under Bankruptcy Supervision
-------------------------------------
The Arbitration Court of Stavropol region has commenced
bankruptcy supervision procedure on OJSC fishing company
Voskhod.  The case is docketed as A63-156/2004-S5.  Mr. S.
Rudomanov has been appointed temporary insolvency manager.
Creditors are asked to submit their proofs of claim to Russia,
Stavropol region, Neftekamsk, Transportnaya Str. 4.

CONTACT:  VOSKHOD
          Russia, Stavropol region,
          Neftekamsk, Transportnaya Str. 4

          Mr. S. Rudomanov
          Temporary Insolvency Manager
          Russia, Stavropol region,
          Neftekamsk, Transportnaya Str. 4


YUK FERRO-CONCRETE: Court Sets November 1 Hearing
-------------------------------------------------
The Arbitration Court of Kemerovo region has commenced
bankruptcy supervision procedure on CJSC Yuk Ferro-Concrete
Products.  The case is docketed as A27-9910/2004-4.  Mr. A.
Kachula has been appointed temporary insolvency manager.

Creditors may submit their proofs of claim to 650070, Russia,
Kemerovo, Tukhachevskogo Str. 39-25.  A hearing will take place
on November 1, 2004, 11:00 a.m.

CONTACT:  YUK FERRO-CONCRETE PRODUCTS
          652741, Russia,
          Kemerovo region, Kaltan,
          Komsomolskaya Str. 8

          Mr. A. Kachula
          Temporary Insolvency Manager
          650070, Russia,
          Kemerovo, Tukhachevskogo Str. 39-25


YUKOS OIL: To Continue Paying Debts Beyond Tuesday's Deadline
-------------------------------------------------------------
The Tax Ministry said Yukos Oil has more time to pay its US$3.4
billion back bill for 2000 after the oil giant missed a deadline
to settle the debt Tuesday.

ITAR-Tass news agency reported that the Justice Ministry said
the period for enforcing payment of the bill had not ended since
the two-month period for the settlement of the bill did not
include time taken to track down Yukos assets for possible sale.

Authorities are examining the potential that Yukos' core
production unit, Yuganskneftegaz, will be sold to pay the firm's
back taxes.  Recently, Western investment bank Dresdner
Kleinwort Wasserstein, was hired to evaluate the asset's value.
The news eased worries the property could be sold cheaply to a
company approved by President Vladimir Putin.

On Tuesday, Yukos, which repeatedly warned it could go bankrupt
if forced to pay, reiterated it could only come up with half of
the amount being demanded.

"The company plans to pay off about US$1.7 billion of the
overall amount of back taxes by the end of August," Yukos
spokesman Alexander Shadrin said. "It will continue its tax
payments."

The President said the case is part of the government's drive to
collect taxes and crack down on murky business practices dating
back to the 1990s.  But many believe the assault on Yukos is a
punishment for the political aspirations of its then-chief
Mikhail Khodorkovsky.

CONTACT:  YUKOS OIL
          International Information Department
          Hugo Erikssen
          Phone: +7 095 540 6313
          E-mail: inter@yukos.ru

          Press Service:
          Alexander Shadrin
          Phone: +7 095 785-08-55
          E-mail: pr@yukos.ru

          Investor Relations:
          Alexander Gladyshev
          Phone: +7095 788 00 33
          E-mail: investors@yukos.ru
          Web site: http://www.yukos.ru


=====================
S W I T Z E R L A N D
=====================


ABB LTD.: Power Technologies Division Streamlines Organization
--------------------------------------------------------------
The Power Technologies division of ABB Ltd., the leading power
and automation technology group, is streamlining its five
Business Areas into two to accelerate profitable growth.  The
two businesses will be reorganized around products and systems.

The two new Business Areas (BA) are: Power Technology Products,
headed by Peter Smits, in addition to his roles as head of the
division and member of the ABB Group executive committee, and
Power Technology Systems headed by Michael Hirth.  The changes
will take effect on January 1, 2005.

"By streamlining the businesses, we will be able to offer our
customers better access to our broad portfolio of power
technologies," said Smits. "Reorganizing around products and
systems groups will also increase operational excellence and our
cost competitiveness."

Power Technology Products will incorporate ABB's manufacturing
network for power technologies, made up of some 150 factories.
Power Technology Systems will offer systems for power
transmission and distribution grids, and for power plants.

The strategy of having one division for products, systems and
services will give customers the broadest possible access to
ABB's unique portfolio of power technologies through a common
sales force in all countries.

ABB said the division's changes mark a new phase in its
well-proven business strategy.  The drive for operational
excellence follows the successful completion of its focused
factory concept and the implementation of focused engineering,
which consolidated production and engineering worldwide.

ABB (http://www.abb.com)is a leader in power and automation
technologies that enable utility and industry customers to
improve performance while lowering environmental impact.  The
ABB Group of companies operates in around 100 countries and
employs about 105,000 people.

CONTACT:  ABB LTD
          Affolternstrasse 44
          8050 Zurich, Switzerland
          Phone: +41 43 317 7111
          Fax:   +41 43 317 4420
          Web site: http://www.abb.com


SWISS INTERNATI0NAL: Investors Extend Share Lock-up Due Date
------------------------------------------------------------
The major shareholders in Swiss International Air Lines have
extended the present lock-up agreement under which they
undertake not to dispose of the Swiss shares they acquired in
the company's capital increase to August 31, 2005.  The
extension will ensure that Swiss remains firmly anchored by both
its public and its private-sector shareholders, and can continue
its development with a stable shareholder base.

Major shareholders accounting for 86% of Swiss's total share
capital agreed in the last few days to extend their present
share lock-up agreement to August 31, 2005.  The new date has
been chosen as one by which the company's results for both 2004
and the first half of 2005 will be known.  These results can
then be used to conduct an objective assessment of the company's
earnings power and future business prospects.

CONTACT:  SWISS INTERNATIONAL
          Corporate Communications
          P.O. Box, CH-4002 Basel
          Phone: +41 (0) 848 773 773
          Fax:   +41 61 582 35 54
          E-mail: communications@swiss.com
          Web site: http://www.swiss.com


=============
U K R A I N E
=============


AUTOTRANSSERVICE: Succumbs to Bankruptcy
----------------------------------------
The Economic Court of Zaporizhya region declared CJSC
Autotransservice (code EDRPOU 03116884) insolvent and introduced
bankruptcy proceedings on June 25, 2004.  The case is docketed
as 25/95-25/88.  Arbitral manager Mr. O. Vojtanovich has been
appointed liquidator/insolvency manager.  The company holds
account number 26006280678099 at CB Privatbank, Zaporizhya
branch, MFO 313399.

CONTACT:  Mr. O. Vojtanovich
          Liquidator/Insolvency Manager
          69076, Ukraine, Zaporizhya region,
          Zhukov Str. 14/168
          Phone: (0612) 18-47-14

          ECONOMIC COURT OF ZAPORIZHYA REGION
          69001, Ukraine, Zaporizhya region,
          Shaumyana Str. 4


BRUSHNIVSKIJ WOOD: Declared Insolvent
-------------------------------------
The Economic Court of Ivano-Frankivsk region declared OJSC
Brushnivskij Wood Combine (code EDRPOU 00274306) insolvent and
introduced bankruptcy proceedings on June 21, 2004.  The case is
docketed as B-1/364.  Mr. Vitalij Gumenyuk (License Number AA
047774) has been appointed liquidator/insolvency manager.  The
company holds account number 26008331020215 at JSCB
Prikarpattya, Kalush branch, MFO 336310.

CONTACT:  BRUSHNIVSKIJ WOOD COMBINE
          Ukraine, Ivano-Frankivsk region,
          Brushniv, Sichovih Striltsiv, 52

          Mr. Vitalij Gumenyuk
          Liquidator/Insolvency Manager
          Ukraine, Ivano-Frankivsk region,
          Privokzalna Str. 9/81

          ECONOMIC COURT OF IVANO-FRANKIVSK REGION
          76000, Ukraine, Ivano-Frankivsk region,
          Grunvaldska Str. 11


LUGANSKOBLTARA: Names Yevgen Lugovskij Insolvency Manager
---------------------------------------------------------
The Economic Court of Lugansk region declared OJSC
Luganskobltara (code EDRPOU 01878762) insolvent and introduced
bankruptcy proceedings on July 22, 2004.  The case is docketed
as 10/13 b.  Arbitral manager Mr. Yevgen Lugovskij (License
Number AA 249811 approved on October 22, 2003) has been
appointed liquidator/insolvency manager.  The company holds
account number 2600530180323 at Prominvestbank, Lugansk central
branch, MFO 304308.

CONTACT:  LUGANSKOBLTARA
          Ukraine, Lugansk region,
          Pershij Oboronnij passage, 1a

          Mr. Yevgen Lugovskij
          Liquidator/Insolvency Manager
          Ukraine, Lugansk region,
          Frunze Str. 4-93
          Phone: (0642) 42-02-82

          ECONOMIC COURT OF LUGANSK REGION
          91000, Ukraine, Lugansk region, Geroiv VVV square, 3a


MASHIVSKIJ KOMBIKORMOVIJ: Insolvency Manager Takes over Helm
------------------------------------------------------------
The Economic Court of Poltava region declared LLC Mashivskij
Kombikormovij Zavod (code EDRPOU 00687304) insolvent and
introduced bankruptcy proceedings on July 27, 2004.  The case is
docketed as 10/324.  Arbitral manager Mr. Volodimir Matlash
(License Number AA 783130 approved on May 20, 2004) has been
appointed liquidator/insolvency manager.

CONTACT:  MASHIVSKIJ KOMBIKORMOVIJ ZAVOD
          Ukraine, Poltava region,
          Mashivskij district, Seleshina,
          Radyanska Str. 2

          Mr. Volodimir Matlash
          Liquidator/Insolvency Manager
          36034, Ukraine, Poltava region,
          a/b 487

          ECONOMIC COURT OF POLTAVA REGION
          36000, Ukraine, Poltava, Zigina Str. 1


REPAIR-BUILDING: Proofs of Claim Deadline September 11
------------------------------------------------------
The Economic Court of Donetsk region declared CJSC
Repair-Building Management (code EDRPOU 01236609) insolvent and
introduced bankruptcy proceedings on July 19, 2004.  The case is
docketed as 33/22 B.  Mr. E. Pertsov (License Number 047749) has
been appointed liquidator/insolvency manager.

Creditors have until September 11, 2004 to submit their proofs
of claim to:

(a) REPAIR-BUILDING MANAGEMENT
    Ukraine, Donetsk region,
    Makiyivka, Geologichna Str. 1

(b) Mr. E. Pertsov
    Liquidator/Insolvency Manager
    Ukraine, Donetsk region,
    Komsomolskij Avenue, 28/94

(c) ECONOMIC COURT OF DONETSK REGION
    83048, Ukraine, Donetsk region,
    Artema Str. 157


SERIOL: Zaporizhya Court Opens Bankruptcy Proceedings
-----------------------------------------------------
The Economic Court of Zaporizhya region declared LLC
Fuel-Energetic Company Seriol (code EDRPOU 22134573) insolvent
on June 29, 2004.  The case is docketed as 18/38-19/52-25/50.
Arbitral manager Mr. O. Vojtanovich has been appointed
liquidator/insolvency manager.  The company holds account number
26007202770060 at CB Privatbank, Zaporizhya branch, MFO 313399.

CONTACT:  FUEL-ENERGETIC COMPANY SERIOL
          69057, Ukraine, Zaporizhya region,
          40 Rokiv Radyanskoyi Ukraini, 90

          Mr. O. Vojtanovich
          Liquidator/Insolvency Manager
          69076, Ukraine, Zaporizhya region,
          Zhukov Str. 14/168
          Phone: (0612) 18-47-14

          ECONOMIC COURT OF ZAPORIZHYA REGION
          69001, Ukraine, Zaporizhya region,
          Shaumyana Str. 4


SYSTEMAVTOMATIKA: Court Affirms Insolvency
------------------------------------------
The Economic Court of Dnipropetrovsk region declared JSCCT
Systemavtomatika (code EDRPOU 21903002) insolvent and introduced
bankruptcy proceedings on July 20, 2004.  The case is docketed
as B40/5/04.  Mr. V. Aksuk (License Number AA 487816) has been
appointed liquidator/insolvency manager.  The company holds
account number 26005301141284 at JSC Prominvestbank, Central
city branch, MFO 305493.

CONTACT:  SYSTEMAVTOMATIKA
          50012, Ukraine, Dnipropetrovsk region,
          Krivij Rig, Dishinskij Str. 13

          Mr. V. Aksuk
          Liquidator/Insolvency Manager
          50027, Ukraine, Dnipropetrovsk region,
          Krivij Rig, a/b 1222

          ECONOMIC COURT OF DNIPROPETROVSK REGION
          49600, Ukraine, Dnipropetrovsk region,
          Kujbishev Str. 1a


UDARNIK: Undergoes Bankruptcy Supervision Procedure
---------------------------------------------------
The Economic Court of Zaporizhya region has commenced bankruptcy
supervision procedure on LLC Udarnik (code EDRPOU 04540294).
The case is docketed as 19/105(04).   Mr. Viktor Kirichko
(License Number AA 140420) has been appointed temporary
insolvency manager.  The company holds account numbers
26008220647099, 26044220647097 and 26009220647098 at CB
Privatbank, Zaporizhya regional branch, MFO 313399; and account
number 2600625554 at JSPPB Aval, Zaporizhya regional branch, MFO
313827.

Creditors have until September 11, 2004 to submit their proofs
of claim to:

(a) UDARNIK
    71700, Ukraine, Zaporizhya region,
    Tokmak district, Udarnik,
    Zelena Str. 1

(b) Mr. Viktor Kirichko
    Temporary Insolvency Manager
    Ukraine, Zaporizhya region,
    Tokmak, Volodarskij Str. 272a/7

(c) ECONOMIC COURT OF ZAPORIZHYA REGION
    69001, Ukraine, Zaporizhya region,
    Shaumyana Str. 4


UKRTRANS-HMELNITSKIJ: Hmelnitskij Court Brings in Liquidator
------------------------------------------------------------
The Economic Court of Hmelnitskij region declared CJSC
Ukrtrans-Hmelnitskij (code EDRPOU 05461349) insolvent and
introduced bankruptcy proceedings on June 23, 2004.  The case is
docketed as 2/225-B.  Arbitral manager Mr. Viktor Zagraj
(License Number AA 250080 approved on December 10, 2001) has
been appointed liquidator/insolvency manager.

CONTACT:  UKRTRANS-HMELNITSKIJ
          Ukraine, Hmelnitskij region,
          Dovzhenko Str. 4

          Mr. Viktor Zagraj
          Liquidator/Insolvency Manager
          29002, Ukraine, Hmelnitskij region,
          Zaliznichna Str. 4

          ECONOMIC COURT OF HMELNITSKIJ REGION
          29000, Ukraine, Hmelnitskij region,
          Nezalezhnosti square, 1


===========================
U N I T E D   K I N G D O M
===========================


A.K.CYCLES LIMITED: Liquidator's Final Report Out September 29
--------------------------------------------------------------
The final meeting of the members and creditors of A.K.Cycles
Limited (formerly Adventure Cycles Limited) will be on September
29, 2004 commencing at 10:00 a.m. and 10:15 a.m. respectively.
It will be held at 6 St Stephen's Court, 15-17 St Stephens Road,
Bournemouth BH2 6LA.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms
must be lodged with Haines Watts, 6 St Stephen's Court, 15-17 St
Stephen's Road, Bournemouth BH2 6LA not later than 12:00 noon,
September 28, 2004.

CONTACT:  HAINES WATTS
          6 St Stephen's Court
          15-17 St Stephen's Road,
          Bournemouth BH2 6LA


ATLANTIS PERFORMANCE: Brings in Liquidators from Robson Rhodes
--------------------------------------------------------------
At an extraordinary general meeting of the Atlantis Performance
Company on August 6, 2004 held at Bermuda House, Green Street,
St Helier, Jersey JE4 8TG, the Special, Ordinary and
Extraordinary Resolutions to wind up the company were passed.
Simon Peter Bower and Trevor Patrick O'Sullivan of RSM Robson
Rhodes LLP, 186 City Road, London EC1N 2NU have been appointed
as Joint Liquidators for the purpose of such winding-up.

CONTACT:  RSM ROBSON RHODES
          186 City Road,
          London EC1N 2NU
          Joint Liquidators:
          Simon Peter Bower
          Trevor Patrick O'Sullivan
          Phone: +44 (0) 20 7251 1644
          Fax: +44 (0) 20 7250 0801
          Web site: http://www.robsonrhodes.co.uk


B4G SKATES: Liquidator to Present Final Report September 28
-----------------------------------------------------------
The final meeting of the members and creditors of B4G Skates
Ltd. (formerly Trademax Ltd.) will be on September 28, 2004
commencing at 10:00 a.m. and 10:15 a.m. respectively.  It will
be held at the offices of SPW Poppleton & Appleby, Gable House,
239 Regents Park Road, London N3 3LF.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms
must be lodged with SPW Poppleton & Appleby, Gable House, 239
Regents Park Road, London N3 3LF not later than 4:00 p.m.,
September 27, 2004.

CONTACT:  SPW POPPLETON & APPLEBY
          Gable House,
          239 Regents Park Road,
          London N3 3LF
          Liquidator:
          M S E Solomons


BARVICK WELDING: Members Final Meeting September 21
---------------------------------------------------
The final meeting of the members of Barvick Weklding Limited
will be on September 21, 2004 commencing at 11:00 a.m.  It will
be held at Tenon Recovery, Highfield Court, Tollgate, Chandlers
Ford, Hampshire SO53 3TZ.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged
with Tenon Recovery, Highfield Court, Tollgate, Chandlers Ford,
Hampshire SO53 3TZ not later than 12:00 noon, September 20,
2004.

CONTACT:  TENON RECOVERY
          Highfield Court,
          Tollgate, Chandlers Ford,
          Hampshire SO53 3TZ
          Joint Liquidator:
          S C Jackson
          Phone: 023 8064 6464
          Fax:   023 8064 6666
          E-mail: southampton@tenongroup.com
          Web site: http://www.tenongroup.com


BELDRAY LIMITED: In Administrative Receivership
-----------------------------------------------
The Royal Bank of Scotland Invoice Discounting Limited called in
C K Rayment and A P Supperstone as joint administrative
receivers for Beldray Limited (Reg No 00062665, Trade
Classification: 06).  The application was filed August 20, 2004.
The company manufactures fabricated metal products.

CONTACT:  BDO STOY HAYWARD LLP
          125 Colmore Row,
          Birmingham B3 3SD
          Joint Administrative Receivers:
          Christopher Kim Rayment
          A P Supperstone
          Phone: 0121 200 4600
          Fax:   0121 200 4650
          E-mail: birmingham@bdo.co.uk
          Web site: http://www.bdo.co.uk


BRADLEY CONTRACT: Appoints Numerica Liquidator
----------------------------------------------
At an extraordinary general meeting of the Bradley Contract
Catering Limited Company on August 18, 2004 held at 81 Station
Road, Marlow, Buckinghamshire SL7 1SX, the Ordinary and
Extraordinary Resolutions to wind up the company were passed.
Frank Wessely and Peter James Hughes-Holland of Numerica have
been appointed joint liquidators for the purpose of such
winding-up.

CONTACT:  NUMERICA
          81 Station Road
          Marlow, Buckinghamshire SL7 1SX
          Joint Liquidators:
          Frank Wessely
          Peter James Hughes-Holland
          Phone: 01628 478100
          Fax:   01628 472629
          Web site: http://www.numerica.biz


BRITISH ENERGY: Relocates Operation to Cut Cost
-----------------------------------------------
A 15-year leasehold office space on Livingston's Alba campus
will be the new workplace for British Energy while it maintains
its headquarters in Scotland, according to Scotsman.

The company's move to relocate is part of the controversial
restructuring deal with its creditors.  According to a
spokeswoman of British Energy, the plan will be a big help in
improving its operational systems and cutting back on overhead
costs.  After last year's announcement to sell its Peel Park
base in East Kilbride, fears that British Energy will move most
of its business out of Scotland and transfer the bulk of its
workers to England mounted.

In 2002, British Energy, which supplies one-fifth of the power
generation in Scotland, went into crisis as a result of lower
wholesale electricity prices.  It has struggled to avoid
administration and is now battling against shareholders'
opposition to the terms of the compensation package.  The
company's debt is estimated at GBP1.3 billion.

CONTACT:  BRITISH ENERGY PLC
          3 Redwood Crescent, Peel Park
          East Kilbride
          South Lanarkshire G74 5PR,
          United Kingdom
          Phone: +44 135 526 2000
          Fax:   +44 135 526 2301
          Web site: http://www.british-energy.com


BURNTWOOD ENGINEERING: Members Agree to Wind up Business
--------------------------------------------------------
At an extraordinary general meeting of the Burntwood Engineering
Co. Limited on August 20, 2004 held at RSM Robson Rhodes LLP,
Centre City Tower, 7 Hill Street, Birmingham B5 4UU, the
Ordinary and Extraordinary Resolutions to wind up the company
were passed.  John Neville Whitfield and Gerald Clifford Smith
of RSM Robson Rhodes, Centre City Tower, 7 Hill Street,
Birmingham B5 4UU have been appointed as joint liquidators of
the company for the purpose of such winding-up.

CONTACT:  RSM ROBSON RHODES LLP
          Centre City Tower
          7 Hill Street
          Birmingham B5 4UU
          Joint Liquidators:
          John Nevill Whitfield
          Gerald Clifford Smith
          Phone: +44 (0) 121 697 6000
          Fax:   +44 (0) 121 697 6111/2
          Web site: http://www.rsmi.co.uk


CWMNI CIG: Names KPMG Administrator
-----------------------------------
Brian Green and Paul Andrew Flint, both of KPMG, have been
appointed as administrators for Abattoir CWMNI CIG Arfon
Cyfyngedig.  The appointment was made August 18, 2004.

CONTACT:  KPMG LLP
          8 Princes Parade,
          Liverpool L3 1QH
          Administrator:
          Brian Green
          (IP No 8709)
          Phone: (0151) 473 5100
          Fax:   (0151) 473 5200
          Web site: http://www.kpmg.co.uk

          KPMG LLP
          St James' Square,
          Manchester M2 6DS
          Administrator:
          Paul Andrew Flint
          (IP No 9075)
          Phone: (0161) 838 4000
          Fax:   (0161) 838 4040
          Web site: http://www.kpmg.co.uk


DAPPER MENSWEAR: Sets Members Final Meeting September 24
--------------------------------------------------------
The final meeting of the members of Dapper Menswear Limited will
be on September 24, 2004 commencing at 11:00 a.m.  It will be
held at Wilson Pitts, Glendevon House, Hawthorn Park, Coal Road,
Leeds LS14 1PQ.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged
with Wilson Pitts, Glendevon House, Hawthorn Park, Coal Road,
Leeds LS14 1PQ not later than 12:00 noon, September 23, 2004.

CONTACT:  WILSON PITTS
          Glendevon House
          Hawthorn Park,
          Coal Road,
          Leeds LS14 1PQ
          Joint Liquidator:
          D F Wilson
          Phone: 0113-2375560
          Fax:   0113-2375561
          Web site: http://www.wilson-pitts.co.uk


EUROPEAN TECHNOLOGY: Members, Creditors Meeting September 20
------------------------------------------------------------
The general meetings of the members and creditors of the
European Technology Group Ltd. will be on September 20, 2004
commencing at 11:00 a.m. and 11:15 a.m. respectively.  It will
be held at the offices of Elliot, Woolfe & Rose, 1st Floor,
Equity House, 128-136 High Street, Edgware, Middlesex HA8 7TT.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meeting may appoint proxies.


FALCON EXTRUSIONS: Final General Meeting September 30
-----------------------------------------------------
The final general meeting of the Falcon Extrusions Limited will
be on September 30, 2004 commencing at 10:00 a.m.  It will be
held at the offices of Ernst & Young LLP, 100 Barbirolli Square,
Manchester M2 3EY.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.

CONTACT:  ERNST & YOUNG LLP
          100 Barbirolli Square,
          Manchester M2 3EY
          Joint Liquidator:
          R H Kelly
          Phone: +44 [0] 161 333 3000
          Fax:   +44 [0] 161 333 3001
          Web site: http://www.ey.com


HOODCO 565: Members Pass Special Winding up Resolution
------------------------------------------------------
At an extraordinary general meeting of the Hoodco 565 Limited
Company on August 17, 2004 held at BDO Stoy Hayward LLP, 125
Colmore Row, Birmingham B3 3SD, the subjoined Special Resolution
to wind up the company was passed.  Christopher Kim Rayment of
BDO Stoy Hayward LLP, 125 Colmore Row, Birmingham B3 3SD has
been appointed liquidator for the purpose of such winding-up.

CONTACT:  BDO STOY HAYWARD LLP
          125 Colmore Row,
          Birmingham B3 3SD
          Liquidator:
          Christopher Kim Rayment
          Phone: 0121 200 4600
          Fax:   0121 200 4650
          E-mail: birmingham@bdo.co.uk
          Web site: http://www.bdo.co.uk


KENNAMETAL HERTEL: Appoints Stoy Hayward Liquidator
---------------------------------------------------
At an extraordinary general meeting of the Kennametal Hertel UK
Holdings Limited Company on August 17, 2004 held at BDO Stoy
Hayward LLP, 125 Colmore Row, Birmingham B3 3SD, the subjoined
Special Resolution to wind up the company was passed.
Christopher Kim Rayment of BDO Stoy Hayward LLP, 125 Colmore
Row, Birmingham B3 3SD has been appointed liquidator for the
purpose of such winding-up.

CONTACT:  BDO STOY HAYWARD LLP
          125 Colmore Row,
          Birmingham B3 3SD
          Liquidator:
          Christopher Kim Rayment
          Phone: 0121 200 4600
          Fax:   0121 200 4650
          E-mail: birmingham@bdo.co.uk
          Web site: http://www.bdo.co.uk


LOTHBURY PERFORMANCE: Hires Liquidators from Robson Rhodes
----------------------------------------------------------
At an extraordinary general meeting of the Lothbury Performance
Company on August 6, 2004 held at Bermuda House, Green Street,
St Helier, Jersey JE4 8TG, the Special, Ordinary and
Extraordinary Resolutions to wind up the company were passed.
Simon Peter Bower and Trevor Patrick O'Sullivan of RSM Robson
Rhodes LLP, 186 City Road, London EC1N 2NU have been appointed
as joint liquidators for the purpose of such winding-up.

CONTACT:  RSM ROBSON RHODES
          186 City Road,
          London EC1V 2NU
          Joint Liquidators:
          Simon Peter Bower
          Trevor Patrick O'Sullivan
          Phone: +44 (0) 20 7251 1644
          Fax:   +44 (0) 20 7250 0801
          Web site: http://www.robsonrhodes.co.uk


MONMOUTH HODGES: Decides to Liquidate Assets
--------------------------------------------
At an extraordinary general meeting of the Monmouth Hodges
Limited Company on August 17, 2004 held at Connaught House,
Alexandra Terrace, Guildford, Surrey GU1 3DA, the subjoined
Special Resolution to wind up the company was passed.  D B
Coakley of BDO Stoy Hayward LLP, Connaught House, Alexandra
Terrace, Guildford, Surrey GU1 3DA has been appointed liquidator
for the purpose of such winding-up.

CONTACT:  BDO STOY HAYWARD LLP
          Connaught House,
          Alexandra Terrace,
          Guildford, Surrey GU1 3DA
          Liquidator:
          D B Coakley
          Phone: 01483 565666
          Fax:   01483 531306
          E-mail: guilford@bdo.co.uk
          Web site: http://www.bdo.co.uk


MOTORCYCLE REPAIR: Liquidator's Final Report Out September 30
-------------------------------------------------------------
The final general meeting of the members of Motorcycle Repair &
Rebuild U.K. Ltd. will be on September 30, 2004 commencing at
11:00 a.m.  It will be held at the offices of BDO Stoy Hayward
LLP, Prospect Place, 85 Great North Road, Hatfield,
Hertfordshire AL9 5BS.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged
with BDO Stoy Hayward LLP, Prospect Place, 85 Great North Road,
Hatfield, Hertfordshire AL9 5BS not later than 12:00 noon,
September 29, 2004.

CONTACT:  BDO STOY HAYWARD LLP
          Prospect Place,
          85 Great North Road, Hatfield,
          Hertfordshire AL9 5BS
          Joint Liquidator:
          G S Kinlan
          Phone: 01707 255888
          Fax:   01707 255890
          E-mail: hatfield@bdo.co.uk
          Web site: http://www.bdo.co.uk


OSBORNE ALLIANCE: Brings in Liquidators from Baker Tilly
--------------------------------------------------------
At an extraordinary general meeting of the members of the
Osborne Alliance Limited on August 23, 2004 held at Baker Tilly,
City Plaza, Temple Row, Birmingham B2 5AF, the Extraordinary
Resolution to wind up the company was passed.  Guy Edward Brooke
Mander and Richard Paul Rendle of Baker Tilly, City Plaza,
Temple Row, Birmingham B2 5AF have been appointed as joint
liquidators for the purpose of such winding-up.

CONTACT:  BAKER TILLY
          City Plaza, Temple Row,
          Birmingham B2 5AF
          Joint Liquidators:
          Guy Edward Brooke Mander
          Richard Paul Rendle
          Phone: 0121 214 3100
          Fax:   0121 214 3101
          Web site: http://www.bakertilly.co.uk


P & J HOME: Appoints Tenon Recovery Liquidator
----------------------------------------------
At an extraordinary general meeting of the members of the P & J
Home Improvements Limited Company on July 29, 2004 held at The
White Hart, High Street, Lewes BN7 1XE, the Ordinary and
Extraordinary Resolutions to wind up the company were passed.
Carl Stuart Jackson of Tenon Recovery, Highfield Court,
Tollgate, Chandlers Ford, Eastleigh, Hampshire SO53 3TZ has been
appointed Liquidator for the purpose of such winding-up.

CONTACT:  TENON RECOVERY
          Highfield Court
          Tollgate, Chandlers Ford,
          Eastleigh, Hampshire SO53 3TZ
          Liquidator:
          Carl Stuart Jackson
          Phone: 023 8064 6464
          Fax:   023 8064 6666
          E-mail: southampton@tenongroup.com
          Web site: http://www.tenongroup.com


PLUMBING AND DRAINAGE: Winding up Resolution Passed
---------------------------------------------------
At an extraordinary general meeting of the Plumbing and Drainage
Services Limited on August 18, 2004 held at Tenon House,
Ferryboat Lane, Sunderland SR5 3JN, the subjoined Extraordinary
Resolution to wind up the company was passed.  Ian William Kings
of Tenon Recovery, Tenon House, Ferryboat Lane, Sunderland SR5
3JN has been appointed liquidator for the purpose of such
winding-up.

CONTACT:  TENON RECOVERY
          Tenon House
          Ferryboat Lane,
          Sunderland SR5 3JN
          Liquidator:
          Ian William Kings
          Phone: 0191 511 5000
          Fax:   0191 511 5001
          Web site: http://www.tenongroup.com


PPS LIMITED: Members Final Meeting Set September 17
---------------------------------------------------
The final meeting of the members of PPS Limited will be on
September 17, 2004 commencing at 9:00 a.m.  It will be held at
the offices of PricewaterhouseCoopers LLP, Benson House, 33
Wellington Street, Leeds LS1 4JP.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged
with PricewaterhouseCoopers LLP, Benson House, 33 Wellington
Street, Leeds LS1 4JP not later than 12:00 noon, September 16,
2004.

CONTACT:  PRICEWATERHOUSECOOPERS LLP
          Benson House,
          33 Wellington Street,
          Leeds LS1 4JP
          Joint Liquidator:
          T Walsh
          Phone: [44] (113) 289 4000
          Fax:   [44] (113) 289 4460
          Web site: http://www.pwcglobal.com


RANGER OIL: Final General Meeting September 29
----------------------------------------------
Name of companies:
Ranger Oil (North Sea) Limited
Ranger Oil (U.K.) Limited

The final general meeting of these companies will be on
September 29, 2004 commencing at 10:15 a.m. and 10:30 a.m.
respectively.  It will be held at Ten George Street, Edinburgh
EH2 2DZ.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
companies disposed of, and to hear any explanation that may be
given by the liquidator.

CONTACT:  ERNST & YOUNG LLP
          Ten George Street
          Edinburgh EH2 2DZ
          Liquidator:
          T M Burton
          Phone: +44 [0] 131 777 2000
          Fax: +44 [0] 131 777 2001
          Web site: http://www.ey.com


RENTOKIL INITIAL: Chairman Promises Deeper Restructuring
--------------------------------------------------------
Brian McGowan, new executive chairman of Rentokil Initial plc,
has promised a drastic shakeup of corporate culture at the
services company to turn it around, according to Times Online.

"This is not a soft option.  This is shaking the whole business
to its roots," he said.  "If you can't see improvement by the
end of next year you have to question whether you are doing the
right thing."

He calls the prevailing atmosphere in the company as embodiment
of "organizational arrogance, dogma and inflexibility."  He
plans to appoint a mergers and acquisitions specialist who will
oversee a buying spree, focused on the hygiene and security
divisions.

In line with the plan, he ruled out disposals of non-cores
businesses.  There have been rumors Rentokil would sell its
parcels and conferencing businesses.  He said disposals would be
just a "sideshow" as this would not greatly benefit
shareholders.

The former deputy chairman was appointed executive chairman in
May at a time the company made its worst set of results for many
years.  He has already sacked both chairman and chief executive
this year.  He warned it could take up to a year to find a new
chief executive.

Rentokil's profit before tax for the six months to the end of
June was GBP180.4 million, down 10% on the same period a year
earlier.


SPEA (UK): Creditors to Meet Today
----------------------------------
The creditors of Spea (UK) Limited will meet today, September 2,
2004 commencing at 3:00 p.m.  It will be held at BDO Stoy
Hayward LLP, Kings Wharf, 20-30 Kings Road, Reading, Berkshire
RG1 3EX.  Creditors who want to be represented at the meeting
may appoint proxies.

CONTACT:  BDO STOY HAYWARD LLP
          Kings Wharf
          20-30 Kings Road
          Reading RG1 3EX
          Joint Administrator:
          M J Thompson
          Phone: 0118 925 4400
          Fax: 0118 925 4470
          E-mail: reading@bdo.co.uk
          Web site: http://www.bdostoyhayward.co.uk


TEXAS BRITISH: Final General Meeting Set September 29
-----------------------------------------------------
The final general meeting of Texas British Oil Holdings Limited
will be on September 29, 2004 commencing at 10:45 a.m.  It will
be held at Ten George Street, Edinburgh EH2 2DZ.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.

CONTACT:  ERNST & YOUNG LLP
          Ten George Street
          Edinburgh EH2 2DZ
          Liquidator:
          T M Burton
          Phone: +44 [0] 131 777 2000
          Fax: +44 [0] 131 777 2001
          Web site: http://www.ey.com


VINI VIDI: C & D Limited Appoints Armida Business Receiver
----------------------------------------------------------
C & D Wines Limited called in Fiona Monson as administrative
receiver for Vini Vidi Vinci Ltd. (Reg No 3400216, Trade
Classification: 5530).  The application was filed August 18,
2004.

CONTACT:  ARMIDA BUSINESS RECOVERY LLP
          Bell Walk House,
          High Street, Uckfield,
          East Sussex TN22 5DQ
          Administrative Receiver:
          Fiona Monson
          (Office Holder No 8704)
          Phone: 01825 765077
          Fax:   01825 765011
          E-mail: info@abr.co.uk
          Web site: http://www.armida.co.uk


YELLOWBOND LIMITED: Hires Bartfields Administrator
--------------------------------------------------
General commercial company Yellowbond Limited has appointed
Gerald M Krasner of Bartfields as administrator.  The appointed
was made August 20, 2004.

Previously named Hartley Industrial Holdings Limited, its
registered office is located at Burley House, 12 Clarendon Road,
Leeds LS2 9NF.

CONTACT:  BARTFIELDS (UK) LIMITED
          Burley House,
          12 Clarendon Road,
          Leeds LS2 9NF
          Administrator:
          Gerald M Krasner
          (IP No 005532)
          Phone: 0113-244 9051
          Fax:   0113-242 0098
          Web site: http://www.bartfield.co.uk


                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Larri-Nil Veloso, Ma. Cristina Canson,
Liv Arcipe, and Julybien Atadero, Editors.

Copyright 2004.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
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