TCREUR_Public/040923.mbx         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 23, 2004, Vol. 5, No. 189

                            Headlines

B U L G A R I A

BEXX AIR: Demands Government Compensation for Office Closure
TEREM: Government Moves to Cut Losses; Speeds up Privatization


F R A N C E

ALSTOM SA: Vossloh to Acquire Spanish Locomotive Plant
EURO DISNEY: Only One Creditor Remains a Holdout


G E R M A N Y

A.T.U. AUTO: EUR150 Million Bond Gets 'B-', Negative Outlook
BOLD-FERTIGBAU GMBH: Court Appoints Insolvency Manager
BUROHAUS KAISERSWERTHER: Last Day for Filing Claims October 19
C. NIKOLAI: Administrator's Report Out November 16
ELEKTRO-SERVICE: Court Brings in Provisional Administrator

EUROFORMS GMBH: Provisional Administrator Takes over Helm
GRUNDIG INTERMEDIA: Ex-managers Named in Several Lawsuits
HT-HORST TERASKE: Creditors Have Until October 27 to File Claims
IMEXO IMPORT: Sets First Creditors Meeting November 3
JENOPTIK GROUP: Integrating Electronics Engineering Activity
PIRATENLAND-FEHMARN: Under Bankruptcy Administration
TERRAVETRO GMBH: Provisional Administrator Takes over Management


I T A L Y

ALITALIA SPA: E.U. Leans Toward Approval of Rehabilitation Plan
PARMALAT FINANZIARIA: Consumer Association to Sue Tanzi, Cohorts


N E T H E R L A N D S

ROYAL SHELL: Enhancing Productivity at Athabasca Oil Project
VERSATEL TELECOM: Increases Bond Offering by EUR25 Million


P O L A N D

AIRPOLONIA: Board Undergoes Radical Restructuring

* First-half Corporate Bankruptcies Down by a Third


R U S S I A

BRYANSK-SLATE: Undergoes Bankruptcy Supervision Procedure
CHEBUL-AGRO-PROM-KHIMIYA: Applies for Bankruptcy Proceedings
DASKO-INVEST: Bashkortostan Court Appoints Insolvency Manager
ELECTRON: Names V. Korotaev Insolvency Manager
KALININSKIY DAIRY-CANNERY: Under Bankruptcy Supervision

KUZINSKY MECHANICAL: Deadline for Proofs of Claim September 23
NORTH-SIBERIAN COAL: Kemerovo Court Appoints Insolvency Manager
SECOND PERM: Perm Court Opens Bankruptcy Proceedings
UMNOVSKY SPIRIT-VODKA FACTORY: Declared Insolvent
YAMAL-GIS-SERVICE: Deadline for Proofs of Claim October 16
YUKOS OIL: Production Constant Despite China Export Suspension


S P A I N

IZAR: SEPI to Bare Industrial Plan to Trade Unions Today


S W I T Z E R L A N D

CONVERIUM AG: To Hold Conference Call Today


U K R A I N E

AGROSOYUZPOSTACH: Court Appoints Temporary Insolvency Manager
DNIPRO: Bankruptcy Proceedings Begin
DNIPROVSKIJ FERTILIZERS: Under Bankruptcy Supervision
DONETSKMOREPRODUKTI: Deadline for Proofs of Claim October 2
KERAMIKA: Zaporizhya Court Brings in Liquidator

KVIT: Court Starts Bankruptcy Supervision
MEBELUKS: Proofs of Claim Deadline Set October 2
PROMBITSERVICE: Last Day for Filing Claims October 2


U N I T E D   K I N G D O M

ABBEYZONE LIMITED: Appoints Sargent & Company Limited Liquidator
ALLIS-CHALMERS: Sets Final General Meeting October 29
ARTISAN PARTNERS: Names Liquidator from Wilkins Kennedy
A. S. DECOR: Director Gets Four-year Ban
ASHLEY CARTER: Members, Creditors Final Meeting October 18

BFC LTD.: Schedules Meeting of Creditors September 28
BOILERHOUSE SUPPLIES: Final Meeting Set October 28
BRITISH ENERGY: Seeks to Stop EGM Requested by Polygon
CONTRACT AGENCIES: Members, Creditors Final Meeting October 18
CYMRU IT: Calls in Liquidator from Purnells

FASTLINK RECRUITMENT: Seven-year Ban for Top Honcho
FASTRAC EUROPEAN: Names Joint Liquidators from Oury Clark
GEMMA LIMITED: Extraordinary Winding up Resolution Passed
GRASMERE PRESS: Business for Sale
HAYMES FARM: Creditors May Appoint Liquidator Tuesday

LANCASTER PRIVATE: Creditors Meeting Set October 5
LINCOLN DIESELS: Hires KPMG as Administrator
META RETAIL: Names BDO Stoy Hayward Liquidator
NORCAST LIMITED: Names Joint Administrators from McTear Williams
NORTHUMBRIAN WATER: Hires Baker Tilly as Liquidator

PREMIER CASTLE: Insolvency Service Disqualifies Director
PRINT SV2: Hires Tenon Recovery as Administrator
PROMENADE AUTO: Special Winding up Resolution Passed
R AND L PRESSINGS: Hires DTE Leonard Curtis Administrator
READYPRIDE LTD: Sets Final General Meeting October 29

S.J.S. CIVIL: HSBC Bank Appoints P&A Partnership Receiver
SPECIALIST OFFICE: Director Served Four-year Disqualification
SVEDALA BARMAC: Final General Meeting Set October 29
TECHTRONICS (EUROPEAN): Names PKF Administrator
THE LD GROUP: Names Joint Administrators from KPMG

TJ REFRIGERATED: Sets Creditors Meeting September 30
TRAVELSCENE SERVICES: Creditors Meeting Set September 27
TRENPORT INVESTMENTS: Appoints Deloitte & Touche Liquidator
UNIVERSAL EASTERN: Calls in Liquidator from Grant Thornton


                            *********


===============
B U L G A R I A
===============


BEXX AIR: Demands Government Compensation for Office Closure
------------------------------------------------------------
Low fare air charter Bexx Air is planning to sue the government
for the closure of its headquarters that allegedly cost it more
than EUR5.2 million, Novinite.com reports.

Authorities shut down Bexx Air's office in Sofia last week,
claiming it had no license to operate.  Rumyana Yakimova, a
spokesperson for the Transport Ministry, told Novinite.com Bexx
Air lacked any of the four possible types of license required to
operate a legitimate tourism business.  The carrier admits it
does not have a license, but reasoned its operations require no
permission under any of the Bulgarian laws.  The company, which
opened for business in March, is only selling tickets for
charter flights performed by private air carrier Hemus Air.

"As there is no word about charter flights in the Bulgarian law,
a court would have to decide on the license required," a
statement posted on the company Web site reads.

At a news conference last week, CEO Dirk Wiesemann said
authorities had approached the company several times about the
matter, but could not point out what kind of license it should
get.  Ms. Yakimova said Bexx Air only applied for a license
after the scandal broke out.

Bexx Air said it is now operating from an Internet cafe.  It
plans to resume flights on November 8.  It promised to
compensate 900 ticket-holders who were stranded following the
closure.

The company is said to have urged the government to take care of
the passenger, leaving questions why it did not take
responsibility itself.  Bexx Air has accused the government of
corruption and of protecting national flag carrier Bulgaria Air,
which is slated for privatization.

The country has remained unaffected by the low fare craze in
Western Europe.  The shutdown of its first and only low fare air
charter is considered bad publicity for a nation planning to
open its airspace for European carriers.

CONTACT:  BEXX AIR
          Sofia, Bulgaria
          Web site: http://www.flybexx.com


TEREM: Government Moves to Cut Losses; Speeds up Privatization
--------------------------------------------------------------
The government has ordered Bulgaria's Privatization Agency to
sell 75% of the assets of TEREM military repair plants within
two months, Sofia Echo reports.

Defense Minister Nikolai Svinarov said: "I hope that we will be
able to congratulate ourselves with a successful deal for at
least half of the holding's units by the end of this year."

He did not specify how many people will be made redundant
following the transaction, saying the matter is up for the new
owners to decide.  He said he will require potential buyers to
promise to preserve the core activity of the operating plants.

The sale has the blessings of the Confederation of Independent
Trade Unions in Bulgaria (CITUB).  "It would be better that we
have privatization than liquidation," CITUB leader Zheliazko
Hristov said.

Podkrepa Labour Confederation proposed the expedited sale of the
eight units of TEREM to stop "the chronic agony" of the company.
Podkrepa representative Todor Videnov says the privatization
plan just needs the approval of the defense ministry.  The units
have already been transformed into single-owned limited
liability companies.

TEREM owes employees BGL5.6 million in unpaid salaries and
social security contributions.  The company has pledged to use
the money derived from the sale of assets to settle the amount.
Buyers linked to the process are Swiss-Norwegian consortium
Defence Strategy Group and some Russian and Ukrainian
businesses.  The consortium has presented an investment plan
worth EUR500 million.


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


ALSTOM SA: Vossloh to Acquire Spanish Locomotive Plant
------------------------------------------------------
Vossloh AG is currently negotiating with the Alstom Group the
purchase of the diesel locomotive plant in Valencia, Spain.  The
sale and purchase agreement may be finalized in the coming
weeks, contingent upon the satisfactory result of the ongoing
due diligence and the approval of the relevant boards.  The
consummation of the transaction would be subject to further
preconditions, including the consent of the relevant antitrust
authorities.

Vossloh develops and produces through its subsidiary Vossloh
Locomotives GmbH in Kiel low- and medium-power two- and
four-axles diesel hydraulic locomotives.  Over the last years,
Vossloh has established itself as one of the most prominent
supplier in this segment.  Sales in the fiscal year 2003 were
approximately EUR235 million.

Alstom Valencia develops and produces diesel electric
locomotives for passenger and freight transport as well as
shunting.  Key products include high power six axle diesel
electric locomotives for passenger and freight applications.
Furthermore, Alstom Valencia produces bogies for a variety of
rail vehicles and produces vehicles for light rail and metro
projects in the region of Valencia.  Sales in the fiscal year
ended March 31, 2004 amounted to approximately EUR90 million.

CONTACT:  ALSTOM S.A.
          25, Avenue Kleber
          75795 Paris
          Cedex 16, France
          Web site: http://www.alstom.com

          G. Tourvieille
          Press relations
          Phone: +33 1 47 55 23 15
          E-mail: internet.press@chq.alstom.com

          E. Chatelain
          Investor relations:
          Phone: +33 1 47 55 25 33
          E-mail: investor.relations@chq.alstom.com

          ALSTOM SPAIN
          Paseo de la Castellana
          257 - 6
          28046 Madrid

          Andres Lopez Morancho
          External Relations
          Phone: 34 91 334 58 10
          Fax: 34 91 334 58 80
          E-mail: spain.dircom@crn.alstom.com

          VOSSLOH AKTIENGESELLSCHAFT
          Postfach 18 60
          58778 Werdohl
          Vosslohstrasse 4, Germany
          58791 Werdohl
          Phone: (+49-2392) 52-0
          Fax: (+49-2392) 52-219
          Web site: http://www.vossloh.de

          Christiane Konrad
          Investor Relations
          Phone: (+49-2392) 52-249
          Fax: (+49-2392) 52-264
          E-mail: investor.relations@ag.vossloh.com


EURO DISNEY: Only One Creditor Remains a Holdout
------------------------------------------------
Majority of Euro Disney creditors reportedly support the
company's debt-restructuring plan.  All but one creditor
approved the plan, Agence-France Presse said citing La Tribune
newspaper.

The business plan failed to win approval in July, prompting the
theme park operator to push back its restructuring plan to
September 30.  Euro Disney said it still aims to sign an
agreement before the end of the month, the report says.

Euro Disney, which is 39.1%-owned by Walt Disney Co., has missed
several deadlines to reach a deal with creditors.  The company
moved to restructure its debts after warning in August last year
that it would likely miss payments on loan obligations due 2003
and 2004.

CONTACT:  EURO DISNEY S.C.A.
          Philippe Marie
          Corporate Communication
          Phone: +331 64 74 59 50
          Fax:   +331 64 74 59 69
          E-mail: philippe.marie@disney.com

          Sandra Picard-Rame
          Investor Relations
          Phone: +331 64 74 56 28
          Fax:   +331 64 74 56 36
          E-mail:  sandra.picard@disney.com
          Web site: http://www.eurodisney.com


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


A.T.U. AUTO: EUR150 Million Bond Gets 'B-', Negative Outlook
------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B+' long-term
corporate credit rating to Germany-based auto parts retailer and
integrated workshop operator A.T.U. Auto-Teile-Unger, reflecting
its high leverage.  The outlook is negative.

At the same time, Standard & Poor's assigned a 'B-' senior
subordinated debt rating to the proposed EUR150 million bond to
be issued by financial vehicle A.T.U. Investment GmbH & Co. KG,
guaranteed by A.T.U., reflecting its contractual and structural
subordination to higher priority debt.

"The rating on A.T.U. reflects its very aggressive financial
risk profile, owing to its high leverage following the second
leveraged buyout of the company by U.S. investor Kohlberg Kravis
Roberts & Co. in June 2004," said Standard & Poor's credit
analyst Olaf Toelke.  Furthermore, the company operates in
Germany's highly competitive and low-growth automotive
aftermarkets.  It also lacks geographical diversification, as
nearly 100% of revenues are generated in Germany.

These negative factors are mitigated by A.T.U.'s fair business
profile, due mainly to the company's discount business model,
its offer of branded products, and high service content.  This
concept has resulted in strong growth, industry-leading margins,
and strong underlying cash flow generation.  The ratings are
also supported by the recent relaxation of the formerly tight
E.U. regulations in the auto sector.  At June 30, 2004, the
group had total pro forma financial debt outstanding of EUR950
million (US$1.1 billion).

"The negative outlook reflects the risks associated with
A.T.U.'s very high leverage, which is demonstrated by the ratio
of net lease-adjusted debt to earnings before interest, taxes,
depreciation, amortization, and rents of more than 6x in 2004,"
said Mr. Toelke.  "Furthermore, we believe that the group's
underlying strong free cash flow generation could be
significantly constrained by possible drawings under A.T.U.'s
capital expenditure facility for the next three years."

Ratings information is available to subscribers of
RatingsDirect, Standard & Poor's Web-based credit analysis
system, at http://www.ratingsdirect.com. It can also be found
at http://www.standardandpoors.com. Alternatively, call one of
the following Standard & Poor's numbers: London Ratings Desk
(44) 20-7176-7400; London Press Office Hotline (44)
20-7176-3605; Paris (33) 1-4420-6708; Frankfurt (49)
69-33-999-225; Stockholm (46) 8-440-5916; or Moscow (7)
095-783-4017.  Members of the media may also contact the
European Press Office via e-mail:
media_europe@standardandpoors.com.

CONTACT:  STANDARD AND POOR'S RATING SERVICES
          Analyst E-mail Addresses
          olaf_toelke@standardandpoors.com
          maria_bissinger@standardandpoors.com
          Corporate_Finance_Europe@standardandpoors.com


BOLD-FERTIGBAU GMBH: Court Appoints Insolvency Manager
------------------------------------------------------
The district court of Baden-Baden opened bankruptcy proceedings
against Bold-Fertigbau GmbH & Co KG on September 1.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until October 11,
2004 to register their claims with court-appointed provisional
administrator Tobias Hoefer.

Creditors and other interested parties are encouraged to attend
the meeting on November 15, 2004, 10:15 a.m. at the district
court of Baden-Baden at which time the administrator will
present his first report of the insolvency proceedings.  The
court will also verify the claims set out in the administrator's
report during this meeting, while creditors may constitute a
creditors committee and or opt to appoint a new insolvency
manager.

CONTACT:  BOLD-FERTIGBAU GMBH & CO KG
          Dipl.-Ing. Peter Bold
          Mittelfeldstr. 2, 76532 Baden-Baden

          Tobias Hoefer, Insolvency Manager
          Soldnerstr. 2, 68219 Mannheim. 2

          DISTRICT COURT OF BADEN-BADEN
          76532 Baden-Baden, Gutenbergstr. 17, EG 022


BUROHAUS KAISERSWERTHER: Last Day for Filing Claims October 19
--------------------------------------------------------------
The district court of Dusseldorf opened bankruptcy proceedings
against Burohaus Kaiserswerther Strasse GmbH on September 7.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until October 19,
2004 to register their claims with court-appointed provisional
administrator Dr. Jorg Nerlich.

Creditors and other interested parties are encouraged to attend
the meeting on November 9, 2004, 9:40 a.m. at the district court
of Dusseldorf at which time the administrator will present his
first report of the insolvency proceedings.  The court will also
verify the claims set out in the administrator's report during
this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  BUROHAUS KAISERSWERTHER STRASSE GMBH
          Burggrafenstr. 5, 40545 Dusseldorf
          Contact:
          Bernd Voswinkel, Manager
          Kaiser-Wilhelm-Ring 49, 40545 Dusseldorf

          Dr. Jorg Nerlich, Insolvency Manager
          Louise-Dumont-Str. 25, 40211 Dusseldorf

          DISTRICT COURT OF DUSSELDORF
          Hauptstelle, Muhlenstrasse 34
          40213 Dusseldorf, 3. OG Altbau, A 341


C. NIKOLAI: Administrator's Report Out November 16
--------------------------------------------------
The district court of Hannover opened bankruptcy proceedings
against C. Nikolai Sanitatshauser und Werkstatten GmbH on
September 1.  Consequently, all pending proceedings against the
company have been automatically stayed.  Creditors have until
October 13, 2004 to register their claims with court-appointed
provisional administrator Ralph Bunning.

Creditors and other interested parties are encouraged to attend
the meeting on November 16, 2004, 11:00 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
also verify the claims set out in the administrator's report
during this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  C. NIKOLAI SANITATSHAUSER UND WERKSTATTEN GMBH
          Leinstr. 33, 30159 Hannover

          Am Pferdemarkt 84a, 30853 Langenhagen
          (AG Hannover, HRB 52520)
          Contact:
          Michael Luning, Manager
          Richard-Partzsch-Weg 35, 30455 Hannover

          Angelo Berretta, Manager
          Heinrichstr. 6g, 31303 Burgdorf

          Bernd Siggelow, Manager
          Basthoop 9, 30974 Wennigsen

          Ralph Bunning, Insolvency Manager
          Karl-Wiechert-Allee 1c, 30625 Hannover
          Phone: 0511/554706-0
          Fax: 0511/554706-99

          DISTRICT COURT OF HANNOVER
          Saal 2145, I. Stock (Altbau)
          Volgersweg 1, 30175 Hannover


ELEKTRO-SERVICE: Court Brings in Provisional Administrator
----------------------------------------------------------
The district court of Eutin opened bankruptcy proceedings
against Elektro-Service-Meyenborg Gesellschaft on September 1.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until October 20,
2004 to register their claims with court-appointed provisional
administrator Dr. Peer Moller.

Creditors and other interested parties are encouraged to attend
the meeting on November 12, 2004, 10:15 a.m. at the district
court of Eutin at which time the administrator will present his
first report of the insolvency proceedings.  The court will also
verify the claims set out in the administrator's report during
this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  ELEKTRO-SERVICE-MEYENBORG GESELLSCHAFT
          Contact:
          Frank Meyenborg, Manager
          Geschwister-Scholl-Weg 25, 23623 Ahrensbok

          Dr. Peer Moller, Insolvency Manager
          Untere Querstrasse 1, 23730 Neustadt/H.

          DISTRICT COURT OF EUTIN
          Jungfernstieg 3, 23701 Eutin
          1. Stock, Saal B.


EUROFORMS GMBH: Provisional Administrator Takes over Helm
---------------------------------------------------------
The district court of Gifhorn opened bankruptcy proceedings
against Euroforms GmbH on August 27.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until October 18, 2004 to register their claims
with court-appointed provisional administrator Dr. Martin
Moderegger.

Creditors and other interested parties are encouraged to attend
the meeting on November 8, 2004, 10:00 a.m. at the district
court of Gifhorn at which time the administrator will present
his first report of the insolvency proceedings.  The court will
also verify the claims set out in the administrator's report
during this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  EUROFORMS GMBH
          Nordstr. 10, 31311 Uetze
          (AG Hildesheim, HRB 22130)
          Contact:
          Rolf-Dietrich Bracht, Manager
          Nordstr. 10, 31311 Uetze

          Dr. Martin Moderegger, Insolvency Manager
          Schiffgraben 21, 30159 Hannover

          DISTRICT COURT OF GIFHORN
          Saal 114, Am Schlossgarten 4
          38518 Gifhorn


GRUNDIG INTERMEDIA: Ex-managers Named in Several Lawsuits
---------------------------------------------------------
Former managers of insolvent consumer electronics group Grundig
Intermedia face several lawsuits, according to Suddeutsche
Zeitung.  All of these cases relate to the firm's bankruptcy and
purportedly seek damages from former executives.

A court in Vienna began hearing the case pending in that
jurisdiction on Wednesday.  Further hearings have been schedule
to determine in particular whether the auditor's certificate for
the 2002 financial year at Grundig Austria was correct and
whether the company's insolvency, which occurred in the spring
of 2003, could have been foreseen.

Four other cases are pending in various jurisdictions and
involve Anton Kathrein, former chairman of the supervisory board
and owner of Grundig; Werner Saalfrank, a former member of the
management board; Gunter Moissl, the head of finance; and
Hans-Peter Kohlhammer, the former chairman of the management
board.

CONTACT:  GRUNDIG INTERMEDIA GMBH
          Beuthener Strasse 41
          D-90471 Nurnberg
          Phone: ++49-911-703-0
          E-mail: info@grundig.com
          Web site: http://www.grundig.com


HT-HORST TERASKE: Creditors Have Until October 27 to File Claims
----------------------------------------------------------------
The district court of Hannover opened bankruptcy proceedings
against HT-Horst Teraske Kommunikation & Design Werbeagentur
GmbH & Co. KG., on September 1.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until October 27, 2004 to register their claims
with court-appointed provisional administrator Jens Wilhelm.

Creditors and other interested parties are encouraged to attend
the meeting on November 24, 2004, 11:00 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
also verify the claims set out in the administrator's report
during this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  HT-HORST TERASKE KOMMUNIKATION
          & DESIGN WERBEAGENTUR GMBH & CO. KG.
          Oskar-Winter-Str. 3, 30161 Hannover
         (AG Hannover, HRA 26301)
          Contact:
          HT-Horst Teraske Verwaltungs GmbH
          Horst Teraske, Manager

          Jens Wilhelm, Insolvency Manager
          Oskar-Winter-Str. 8, 30161 Hannover
          Phone: 0511/696846-0
          Fax: 0511/696846-79

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


IMEXO IMPORT: Sets First Creditors Meeting November 3
-----------------------------------------------------
The district court of Hannover opened bankruptcy proceedings
against IMEXO Import Export Orient GmbH on August 31.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until October 4, 2004
to register their claims with court-appointed provisional
administrator Manuel Sack.

Creditors and other interested parties are encouraged to attend
the meeting on November 3, 2004, 8:30 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 also
verify the claims set out in the administrator's report during
this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  IMEXO IMPORT EXPORT ORIENT GMBH
          Tempelhofer Str. 18, 30853 Langenhagen
          (AG Hannover, HRB 56788)
          Contact:
          Abdelkader Dabbagh, Langenhagen, Manager

          Manuel Sack, Insolvency Manager
          Theater str. 3, 30159 Hannover
          Phone: 0511/36602-0
          Fax: 0511/36602-55

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


JENOPTIK GROUP: Integrating Electronics Engineering Activity
------------------------------------------------------------
M+W Zander's global facility engineering activities for the
electronics industry will be pooled into a separate business
unit.  This autumn, the Jenoptik Group will take another measure
in the ongoing realignment of its Clean Systems business
division, pooling the M+W Zander Group's worldwide facility
engineering activities for the electronics industry into a
separate business unit.  This represents another move towards a
worldwide efficient service offering for M+W Zander's globally
active customers.  The facility engineering activities for the
global electronics industry encompass mainly the engineering and
construction both of chip factories and production facilities
for the flat-panel industry.

The business unit will be headquartered in Singapore, which has
already served as M+W Zander's Southeast Asian base of
operations for several years.  The company's facility
engineering operations for the electronics industry will thus be
managed from Asia, reflecting the continuous shift of electronic
production to the region.  In April, Jenoptik announced the
expansion of the Asian capacities in line with the future
development of M+W Zander's international electronics facility
engineering business.

                    Core Competences Combined

In July, the company combined its technical facility system
activities into a separate company.  By pooling its global
engineering activities for the electronics sector, Jenoptik's
Clean Systems business division will now include three large
units, each reflecting its core competences: a globally active
facility engineering unit based in Singapore, the largest unit
of M+W Zander; its technical facility systems unit and its
facility management unit, both headquartered in Stuttgart.
Clean Systems' service offering is rounded off by the smaller,
yet strategically important units of life-science facility
engineering, automation, products, and IT.

Jenoptik has already enjoyed the benefits from its policy of
granting its portfolio companies clearly defined operational
management responsibilities within Photonics, the Group's other
business division.

                            *   *   *

The Jenoptik Group recorded increases in sales of 13.2% to
EUR752.9 million (1st half 2003: EUR665.3 million).  The Group
EBIT came to -EUR8.4 million, a rise, however, of EUR4.8 million
from the previous first half (1st half 2003: -EUR13.2 million).
This figure, moreover, included planned restructuring costs for
the Clean Systems business division, of which EUR9.0 million
were social plan costs.  Without these costs, the Jenoptik
operative result for the first half would have returned to
positive figures.

In addition to restructuring costs, the Group result for the
period was weighed down by EUR12.3 million in interest expense
(1st half 2003: EUR7.3 million) due to the bond issued in autumn
2003, and a EUR2.4 million-increase in tax burden from the
previous year.  The Group result for the period, at -EUR19.3
million, therefore reflected only a slight improvement from the
first half of 2003 (-EUR20.1 million).

CONTACT:  JENOPTIK AG
          Investor Relations
          Cornelia Todt
          Phone/Fax: ++49(0) 3641-652290/2484

          PR
          Markus Wild
          Phone/Fax: +49(0) 3641-652255/2484
          Web site: http://www.jenoptik.com


PIRATENLAND-FEHMARN: Under Bankruptcy Administration
----------------------------------------------------
The district court of Eutin opened bankruptcy proceedings
against Piratenland-Fehmarn Betriebs-Gesellschaft mbH on
September 1.  Consequently, all pending proceedings against the
company have been automatically stayed.  Creditors have until
October 15, 2004 to register their claims with court-appointed
provisional administrator Dr. Beate Backhaus.

Creditors and other interested parties are encouraged to attend
the meeting on November 19, 2004, 10:00 a.m. at the district
court of Eutin at which time the administrator will present his
first report of the insolvency proceedings.  The court will also
verify the claims set out in the administrator's report during t
his meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

Further publications regarding the process is available at
http://www.Insolvenzveroeffentlichungen.de.

CONTACT:  PIRATENLAND-FEHMARN BETRIEBS-GESELLSCHAFT MBH
          Contact:
          Rudiger Zarnekow, Manager
          Strandallee, 23769 Fehmarn

          Dr. Beate Backhaus, Insolvency Manager
          Wendenstrasse 4, 20097 Hamburg

          DISTRICT COURT OF EUTIN
          Jungfernstieg 3, 23701 Eutin, 1. Stock, Saal C.


TERRAVETRO GMBH: Provisional Administrator Takes over Management
----------------------------------------------------------------
The district court of Augsburg opened bankruptcy proceedings
against TERRAVETRO GmbH on August 27.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until October 4, 2004 to register their claims
with court-appointed provisional administrator Dr. Jobst
Wiesner.

Creditors and other interested parties are encouraged to attend
the meeting on October 19, 2004, 9:15 a.m. at Justizgebaude,
Sitzungssaal 162, Am Alten Einlass 1, 86150 Augsburg at which
time the administrator will present his first report of the
insolvency proceedings.  The court will also verify the claims
set out in the administrator's report during this meeting, while
creditors may constitute a creditors committee and or opt to
appoint a new insolvency manager.

CONTACT:  TERRAVETRO GMBH
          Terrazzo Bodenplatten
          Hauptstr. 25a, 86922 Eresing
          HRB 14718 Augsburg
          Contact: Frank Martiny, Manager

          Dr. Jobst Wiesner, Insolvency Manager
          Fuggerstr. 16, 86150 Augsburg


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


ALITALIA SPA: E.U. Leans Toward Approval of Rehabilitation Plan
---------------------------------------------------------------
The European Commission will approve Alitalia's four-year
business plan provided it will not receive further state aid
from the Italian government, International Herald Tribune says.

Transport Commissioner Loyola de Palacio said she was very
satisfied with Alitalia's business plan.  The commissioner added
the recent job-cut deal between the carrier's management and
workers "bode[s] well for the future."

The commission has yet to review Alitalia's full business plan.
According to Amador Sanchez Rico, spokesman of the transport
commissioner, the plan could be blocked if it includes further
state aid, aside from the approved EUR400 million
state-guaranteed loan.

Mr. Sanchez Rico added, "We hope there is no element of state
aid in the plan. If there is, then the commission will have to
stop it."

The business plan entails reducing the workforce and separate
the company's flying division from ground operations to form two
different business units.  Unions have only agreed with the job
cuts but disapproved of the split.  Unions argue the split would
result to further job losses.  Alitalia, in which the Italian
government owns a 62% stake, is mulling to sell the ground
operations to Fintecna, a state financial holding company.
According to International Herald Tribune, the commission "might
find this illegal state involvement in the rescue."

Once the commission approves the plan, Alitalia will gain access
to a EUR400 million loan to prop up its finances and pay its
employees next month.  In 2005, Alitalia hopes to finance its
recovery through fresh cash injections of around EUR1 billion to
EUR1.5 billion from private investors.

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 FINANZIARIA: Consumer Association to Sue Tanzi, Cohorts
----------------------------------------------------------------
Consumer advocate association Confconsumatori is suing persons
and entities responsible for the collapse of Parmalat
Finanziaria to recover compensation for investors.

The national president of the association, Mara Colla, said the
group will pursue lawsuits against group founder Calisto Tanzi,
and Bank of America, among others, Agenzia Giornalistica Italia
reports.  She is inviting shareholders to register their
representatives to the association by September 29.

"We want to mobilize all the investors who were swindled to give
them a hope of reimbursement from the moral damaged done," she
said.  A preliminary hearing is set for October 5 at the
Tribunale di Milano.

Shareholders are accusing Mr. Tanzi of market rigging.  He was
granted house arrest in April together with former Chief
Financial Officer Fausto Tonna, and another finance executive,
Luciano Del Soldato.

CONTACT:  PARMALAT FINANZIARIA S.p.A.
          Legal Seat
          43044 Collecchio (Pr)
          Via Oreste Grassi, 26

          Administrative Seat
          20122 Milan
          Piazza Erculea, 9
          Phone: +39 02 806 8801
          Fax: +39 02 869 3863
          Web site: http://www.parmalat.net


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


ROYAL SHELL: Enhancing Productivity at Athabasca Oil Project
------------------------------------------------------------
Shell Canada Limited outlined growth plans for the Athabasca Oil
Sands Project (AOSP) that would increase bitumen production to
between 270,000 and 290,000 barrels per day by 2010.

During the first year of operations for the AOSP, the focus was
on improving reliability and ramping-up bitumen production to
the design rate of 155,000 barrels per day.

Over the next three years, a number of de-bottlenecking projects
are proposed at the Muskeg River Mine and Scotford Upgrader to
increase the bitumen production rate to between 180,000 and
200,000 barrels per day.  Modifications are also proposed at the
upgrader to enable the processing of the heaviest product stream
into lighter, higher value crude blend components.

Over the 2006 to 2010 period, planned expansions of the Muskeg
River Mine and Scotford Upgrader are expected to further
increase bitumen throughputs by approximately 90,000 barrels per
day, taking total expected AOSP production to between 270,000
and 290,000 barrels per day.  Expansion of the Muskeg River Mine
would include mining plans and additional mining equipment to
recover resources from additional areas located on Lease 13 and
from Lease 90, and an additional train for bitumen extraction
and froth treatment processing.  Expansion of the Scotford
Upgrader would include the addition of a third hydro-conversion
unit and associated utilities.  The preliminary capital cost
estimate for these expansion projects is in the range of US$4.0
billion.

"The successful ramp-up of the Athabasca Oil Sands Project is
now behind us.  While we need to continue working hard on
increasing reliability and reducing costs -- we're now ready to
take the next steps towards our long-term growth target of over
500,000 barrels per day," said Neil Camarta, Shell Canada's
Senior Vice President of Oil Sands.

It is expected that construction of the Muskeg River Mine and
Scotford Upgrader expansions would take place over the 2006 to
2009 timeframe and that full bitumen production would be
achieved in 2010.  Peak construction workforces are expected to
be 2500 at the mine and 4000 at the upgrader.  Actual timing for
these projects will depend on the outcome of the regulatory
process, market conditions, final project costs and approvals
and sustainable development considerations.

Draft terms of reference for related Environmental Impact
Assessments for the Muskeg River Mine and Scotford Upgrader
expansions will be available for public inspection and comment
in October 2004.  It is expected that applications for these
projects will be filed with regulatory authorities in 2005 and
approvals are anticipated in 2006.

Pipeline and infrastructure capacity would need to be increased
to handle increased production volumes from the expansion
projects and discussions with third-party owners of related
facilities are ongoing.

Additional growth projects could follow over the longer term,
including the mining of oil sands resources on the eastern part
of Lease 13 and Leases 88/89 and on the recently acquired Leases
9 and 17 to increase total bitumen production to over 500,000
barrels per day.  Planning is currently focused on ways to
integrate the development of resources on the east side of Lease
13 (the Jackpine Mine development) with operations at the Muskeg
River Mine.  Upgrading options to process this additional
bitumen production are also currently under review.

The AOSP consists of the Muskeg River Mine located north of Fort
McMurray, Alberta and the Scotford Upgrader located near
Edmonton and is a joint venture among Shell Canada Limited
(60%), Chevron Canada Limited (20%) and Western Oil Sands L.P.
(20%).  Chevron Canada Limited and Western Oil Sands L.P. have
the option to participate with Shell Canada Limited in
developing additional oil sands resources in the Athabasca area.

CONTACT:  ROYAL DUTCH/SHELL GROUP OF COMPANIES
          Carel van Bylandtlaan 30
          2596 HR The Hague, The Netherlands
          Phone: +31 70 377 9111
          Fax:   +31 70 377 3115
          Web site: http://www.shell.com


VERSATEL TELECOM: Increases Bond Offering by EUR25 Million
----------------------------------------------------------
Versatel Telecom International N.V. announces that in connection
with the offering of EUR100 million in principal amount of
unsubordinated Convertible Bonds due 2011 launched on September
17, 2004, JPMorgan, acting as Sole Book runner and Lead Manager
in this transaction, has given notice exercising in full the
option to subscribe for additional Bonds in an aggregate
principal amount of EUR25 million (the Option) to cover
over-allotments in connection with the offering.

The exercise of the Option increases the size of the offering to
EUR125 million.  As announced on September 17, 2004, the Bonds
will be issued by Versatel at 100% of their principal amount.
The coupon on the Bonds will be 3.875% per annum payable
annually in arrear and the initial conversion price will be
EUR2.033, a premium of 28% to the 'volume weighted average price
' of the shares over the book building period of the ordinary
shares of Versatel as traded on Euronext Amsterdam.
Application will be made for the Bonds to be listed on the
official segment of Euronext Amsterdam's stock exchange.

Versatel Telecom International N.V.

Versatel, based in Amsterdam, is a competitive communications
network operator and a leading alternative to the former
monopoly telecommunications carriers in its target market of the
Netherlands, Belgium and Germany.  Founded in October 1995, the
Company holds full telecommunication licenses in The
Netherlands, Belgium and Germany and has over 1 million
customers and approximately 1,700 employees.  Versatel operates
a facilities-based local access broadband network that uses the
latest network technologies to provide business customers with
high bandwidth voice, data and Internet services.  Versatel is a
publicly traded company on Euronext Amsterdam under the symbol
"VRSA".

                            *   *   *

Versatel's net loss for the quarter ended June 30, 2004 was EUR4
million compared with a net loss of EUR12 million in 2Q03 and a
net loss of EUR7 million in 1Q04.

CONTACT:  VERSATEL TELECOM INTERNATIONAL N.V.
          AJ Sauer
          Corporate Finance & Investor Relations Manager
          Phone: +31-20-750-1231
          E-mail: aj.sauer@versatel.nl

          Anoeska van Leeuwen
          Director Corporate Communications
          Phone: +31-20-750-1322
          E-mail: anoeska.vanleeuwen@versatel.nl


===========
P O L A N D
===========


AIRPOLONIA: Board Undergoes Radical Restructuring
-------------------------------------------------
Conor McCarthy from Crescent Venture Partners has sacked almost
the entire management board of Airpolonia, proving his control
of the budget airline, according to Warsaw Business Journal.

Mr. McCarthy wiped the board clean except for its president Jan
Litwinski.  According to him, "This was a necessary change, as
high costs had to be brought down.  There was far too much
unnecessary and unjustified costs.  Moreover, a company like
Airpolonia does not need so many management layers and units."

He added the financial situation of the carrier is just "fine."

Airpolonia was rescued by an unnamed investor described only as
a shareholder in air carriers across the world in June.  It was
then reported the investor will provide the company with new
capital and additional know-how in the business.

According to the report, CVP does not hold a majority stake in
the venture, but nevertheless it is likely to soon pump at least
a dozen million dollars into the carrier.


* First-half Corporate Bankruptcies Down by a Third
---------------------------------------------------
The number of bankrupt companies in Poland during the first half
dropped by 30% to 634 compared to year-ago period, Warsaw
Business Journal reports citing Coface Intercredit Company.

Wholesale traders and building companies going bankrupt was 30%
less this year, but it still accounted for more than 40% of the
total number.  The significant rise is seen in the number of
companies from the recreation, culture and sport sectors, which
doubled since the first-half of 2003.  The number of financial
brokers declaring insolvency increased 120%.

The report said Coface's survey of bankruptcies in Poland
between 1997 and 2004 showed 2002 as having the most number at
1,863.

For 2005, Coface remains optimistic Polish companies will
benefit from improving economic conditions in Poland and in
countries where its companies have economic ties.


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


BRYANSK-SLATE: Undergoes Bankruptcy Supervision Procedure
---------------------------------------------------------
The Arbitration Court of Bryansk region has commenced bankruptcy
supervision procedure on OJSC Bryansk-Slate.  The case is
docketed as A09-4939/04-26.  Mr. G. Zinakov has been appointed
temporary insolvency manager.

Creditors may submit their proofs of claim to 241050, Russia,
Bryansk, Post User Box 200.  A hearing will take place at the
Arbitration Court of Bryansk region on November 25, 2004, 10:00
a.m.

CONTACT:  BRYANSK-SLATE
          242610, Russia,
          Bryansk region, Dyatkovskiy region,
          Fokino, Krupskoy Str. 1

          Mr. G. Zinakov
          Temporary Insolvency Manager
          241050, Russia,
          Bryansk, Post User Box 200

          The Arbitration Court of Bryansk region
          Russia, Bryansk,
          Trudovoy Per. 6, Room 603


CHEBUL-AGRO-PROM-KHIMIYA: Applies for Bankruptcy Proceedings
------------------------------------------------------------
The Arbitration Court of Kemerovo region has declared OJSC
Chebul-Agro-Prom-Khimiya insolvent and introduced bankruptcy
proceedings.  The case is docketed as A27-5739/2004-4.  Mr. A.
Tarasov has been appointed insolvency manager.

Creditors may submit their proofs of claim to:

(a) Mr. A. Tarasov
    Insolvency Manager
    650099, Russia,
    Kemerovo, Vesennaya Str. 24A-204

(b) The Arbitration Court of Kemerovo region
    650099, Russia,
    Kemerovo, Krasnaya Str. 8

(c) Chebul-Agro-Prom-Khimiya
    652170, Russia, Kemerovo region,
    Chebulinskiy region,
    Verkh-Chebula, Sovetskaya Str. 1A

A hearing will take place on January 7, 2005, 11:30 a.m.


DASKO-INVEST: Bashkortostan Court Appoints Insolvency Manager
-------------------------------------------------------------
The Arbitration Court of Bashkortostan republic has declared
Dasko-Invest insolvent and introduced bankruptcy proceedings.
The case is docketed as A07-19911/03-A-PAV.  Mr. A. Abdullin has
been appointed insolvency manager.  Creditors have until October
16, 2004 to submit their proofs of claim to 450009, Russia,
Bashkortostan republic, Ufa, Komsomolskaya Str. 96/1.

CONTACT:  DASKO-INVEST
          450009, Russia,
          Bashkortostan republic,
          Ufa, Komsomolskaya Str. 96/1

          Mr. A. Abdullin
          Insolvency Manager
          450009, Russia,
          Bashkortostan republic,
          Ufa, Komsomolskaya Str. 96/1


ELECTRON: Names V. Korotaev Insolvency Manager
----------------------------------------------
The Arbitration Court of Vologda region has declared CJSC
Electron insolvent and introduced bankruptcy proceedings.  The
case is docketed as A13-5992/04-22.  Mr. V. Korotaev has been
appointed insolvency manager.  Creditors may submit their proofs
of claim to 160029, Russia, Vologda, Prokatova Str. 8 - 14.

CONTACT:  ELECTRON
          Russia, Vologda,
          Kozlenskaya Str. 35

          Mr. V. Korotaev
          Insolvency Manager
          160029, Russia, Vologda,
          Prokatova Str. 8 - 14


KALININSKIY DAIRY-CANNERY: Under Bankruptcy Supervision
-------------------------------------------------------
The Arbitration Court of Saratov region has commenced bankruptcy
supervision procedure on OJSC Kalininskiy Dairy-Cannery (TIN
6415000440).  The case is docketed as A-57-141B/04-31.  Mr. K.
Stoyankin has been appointed temporary insolvency manager.
Creditors may submit their proofs of claim to 460000, Russia,
Orenburg, Gaya Str. 23A.

CONTACT:  KALININSKIY DAIRY-CANNERY
          413483, Russia,
          Saratov region, Kalininsk,
          Zavodskaya Str. 44

          Mr. K. Stoyankin
          Temporary Insolvency Manager
          410054, Russia,
          Saratov, 2nd Detskiy Pr. 55/57,
          Apartment 30

          The Arbitration Court of Saratov region
          Russia, Saratov,
          Pervomayskaya Str. 74


KUZINSKY MECHANICAL: Deadline for Proofs of Claim September 23
--------------------------------------------------------------
The Arbitration Court of Vologda region has declared OJSC
Kuzinsky Mechanical Plant insolvent and introduced bankruptcy
proceedings.  The case is docketed as A13-9577/03-17.  Mr. Y.
Shubin has been appointed insolvency manager.  Creditors have
until September 23, 2004 to submit their proofs of claim to
160001, Russia, Vologda, Mira Str. 34-514.

CONTACT:  KUZINSKY MECHANICAL PLANT
          162340, Russia,
          Velikiy Ustyug,
          Kuzino, Gogolya Str. 2

          Mr. Y. Shubin
          Insolvency Manager
          160001, Russia,
          Vologda, Mira Str. 34-514


NORTH-SIBERIAN COAL: Kemerovo Court Appoints Insolvency Manager
---------------------------------------------------------------
The Arbitration Court of Kemerovo region has declared CJSC
North-Siberian Coal Company insolvent and introduced bankruptcy
proceedings.  The case is docketed as A27-4184/2004-4.  Mr. A.
Reshto has been appointed insolvency manager.  Creditors may
submit their proofs of claim to 65002, Russia, Kemerovo,
Institutskaya Str. 28-282.

CONTACT:  NORTH-SIBERIAN COAL COMPANY
          654901, Russia, Kemerovo,
          Novokuznetsky region, Sosnovka,
          Kardonnaya Str. 13

          Mr. A. Reshto
          Insolvency Manager
          65002, Russia, Kemerovo,
          Institutskaya Str. 28-282


SECOND PERM: Perm Court Opens Bankruptcy Proceedings
----------------------------------------------------
The Arbitration Court of Perm region has declared Second Perm
State Air Enterprise insolvent and introduced bankruptcy
proceedings.  The case is docketed as A50-20672/2004-B.  Mr. V.
Koryakin has been appointed insolvency manager.

Creditors have until October 13, 2004 to submit their proofs of
claim to 614000, Russia, Perm, Post User Box 5551.  A hearing
will take place at the Arbitration Court of Perm region on
November 30, 2004, 10:00 a.m.

CONTACT:  SECOND PERM STATE AIR ENTERPRISE
          614990, Russia, Perm,
          GSP, airport Bakharevka

          Mr. V. Koryakin
          Insolvency Manager
          614000, Russia, Perm,
          Post User Box 5551.

          The Arbitration Court of Perm region
          614990, Russia, Perm,
          Lunacharskogo Str. 3


UMNOVSKY SPIRIT-VODKA FACTORY: Declared Insolvent
-------------------------------------------------
The Arbitration Court of Orenburg region has declared state
unitary enterprise Umnovsky Spirit-Vodka Factory insolvent and
introduced bankruptcy proceedings.  The case is docketed as
A47-1933/2004-14 GK.  Mr. A. Taushev has been appointed
insolvency manager.  Creditors have until September 23, 2004 to
submit their proofs of claim to 460000, Russia, Orenburg,
Privokzalnaya Square, Post User Box 63.

CONTACT:  UMNOVSKY SPIRIT-VODKA FACTORY
          461036, Russia,
          Orenburg region, Buzuluksky region,
          Krasnogvardeets,
          Zavodskaya Str. 31

          Mr. A. Taushev
          Insolvency Manager
          460000, Russia,
          Orenburg, Privokzalnaya Square,
          Post User Box 63


YAMAL-GIS-SERVICE: Deadline for Proofs of Claim October 16
----------------------------------------------------------
The Arbitration Court of Yamalo-Nenetskiy autonomous region has
declared LLC Yamal-Gis-Service (TIN 8901009645) insolvent and
introduced bankruptcy proceedings.  The case is docketed as
A81-551/1492B-04.  Mr. A. Menshenin has been appointed
insolvency manager.   Creditors have until October 16, 2004 to
submit their proofs of claim to 629003, Russia, Yamalo-Nenetskiy
autonomous region, Tyumen region, Salekhard, Angalskiy Cape, 35.

CONTACT:  YAMAL-GIS-SERVICE
          629003, Russia,
          Yamalo-Nenetskiy autonomous region,
          Tyumen region, Salekhard,
          Angalskiy Cape, 35

          Mr. A. Menshenin
          Insolvency Manager
          629003, Russia,
          Yamalo-Nenetskiy autonomous region,
          Tyumen region, Salekhard,
          Angalskiy Cape, 35


YUKOS OIL: Production Constant Despite China Export Suspension
--------------------------------------------------------------
Yukos Oil Company wishes to clarify news reports of changes in
its oil exports to China.

Yukos oil production remains constant.

As of 28 September 2004, Yukos will temporarily suspend a
portion of its direct exports to China representing about 1
million tons until the end of 2004.  This suspension is due to
Yukos' inability to continue pre-financing of exports to China
National Petroleum Corporation.  Yukos notified its Chinese
partners last week of the export changes.

Yukos will not reduce current production levels, but will
redirect these Chinese export volumes into other crude oil
marketing channels.  Yukos hopes to resume exports to China
National Petroleum Corporation as soon as possible.

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 Contact
          Alexander Gladyshev
          Phone: +7095 788 00 33
          E-mail: investors@yukos.ru


=========
S P A I N
=========


IZAR: SEPI to Bare Industrial Plan to Trade Unions Today
--------------------------------------------------------
Sociedad Estatal de Participaciones Industriales (SEPI) will
meet with trade unions today to present its industrial plan for
the new Izar.

The new state-owned shipbuilder will be composed of military
shipyards and strategically important civilian shipyards such as
Cadiz and Puerto Real.  SEPI will also present its plans for
civilian shipyards, which may be clustered into one company to
entice the private sector to bring in investments.

Enrique Martinez Robles, chairman of SEPI, said Monday they are
currently looking for interested parties in the new Izar.  Mr.
Robles added the union's proposal to group Izar's six
shipbuilders into one company would be perfectly workable as
part of SEPI's plan, which according to him does not include
redundancies or upheavals for Izar workers.

CONTACT:  IZAR
          Velazquez Street 132
          28006 Madrid
          Spain
          Phone: +34 91 335 84 00
          Fax: +34 91 335 86 52
          E-mail: izar@izar.es
          Web site: http://www.izar.es

          SOCIEDAD ESTATAL DE PARTICIPACIONES INDUSTRIALES
          Velasquez, 134
          28006 Madrid, Spain
          Phone: +34-91-396-10-00
          Fax: +34-91-562-87-89
          Web site: http://www.sepionline.com


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


CONVERIUM AG: To Hold Conference Call Today
-------------------------------------------
Converium will hold a conference call for the investment
community and is pleased to invite you to participate.

This call will be Web cast live on the Internet, via the
Company's Web site, at http://www.converium.com. Please dial in
10 - 15 minutes before and ensure that you have Real Media
Player(TM) or Windows Media Player (TM).

The conference call will be held on Thursday, September 23, 2004

at 10:00 a.m. Central European Time (CET)
    9:00 a.m. Greenwich Mean Time (GMT)
    4:00 a.m. Eastern Standard Time (EST)
    1:00 a.m. Pacific Standard Time (PST)

call +41 (0) 91 610 5600 (Europe)
     +44 (0) 207 107 0611 (UK)
     +1 (1) 866 291 4166 (Toll Free USA only)
     +1 866 519 5086 (Toll Free Canada)
     +1 866 519 5087 (Toll Free Mexico)

     and quote "Converium"

For those of you unable to participate actively in this
conference call, an audio recording will be available one hour
after the event for 24 hours. The number to dial and the access
code are as follows:

+44 (0) 207 866 4300 from UK
+41 (0) 91 612 4330 from Europe
+1 412 317 0088 from North America

followed by the access code 196 #

A few hours after the event the full Web cast with Q&A is for
the period of one month available on http://www.converium.com.

CONTACT:  CONVERIUM AG
          Marco Circelli
          Phone: +41 (0) 1 639 9131
          E-mail: marco.circelli@converium.com

          Sonja Geissler
          Phone: +41 (0) 1 639 9137


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


AGROSOYUZPOSTACH: Court Appoints Temporary Insolvency Manager
-------------------------------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
supervision procedure on LLC Agrosoyuzpostach (code EDRPOU
23238804) on August 13, 2004.  The case is docketed as
54/11-B-04.  Arbitral manager Mr. V. Bakumenko (License Number
AA 719796) has been appointed temporary insolvency manager.  The
company holds account number 260002381 at JSPPB Aval, Kyiv
branch.

CONTACT:  AGROSOYUZPOSTACH
          08800, Ukraine, Kyiv region,
          Mironivka, Lenin Str. 73

          ECONOMIC COURT OF KYIV REGION
          01033, Ukraine, Kyiv region,
          Zhelyanska Str. 58 b


DNIPRO: Bankruptcy Proceedings Begin
------------------------------------
The Economic Court of Cherkassy region declared Agricultural LLC
Dnipro (code EDRPOU 03793277) insolvent and introduced
bankruptcy proceedings on May 6, 2004.  The case is docketed as
08/688.  Arbitral manager Mr. I. Nikiforov has been appointed
liquidator/insolvency manager.

CONTACT:  DNIPRO
          Ukraine, Cherkassy region,
          Cherkassy district, Leski

          Mr. I. Nikiforov
          Liquidator/Insolvency Manager
          Ukraine, Cherkassy region,
          Rizdvyana Str. 170

          ECONOMIC COURT OF CHERKASSY REGION
          18005, Ukraine, Cherkassy region,
          Shevchenko Avenue, 307


DNIPROVSKIJ FERTILIZERS: Under Bankruptcy Supervision
-----------------------------------------------------
The Economic Court of Dnipropetrovsk region commenced bankruptcy
supervision procedure on CJSC Dniprovskij Plant of Mineral
Fertilizers (code EDRPOU 31980517) on August 5, 2004.  The case
is docketed as B 15/49/04.  Mr. O. Vozdvizhenskij (License
Number AA 485221) has been appointed temporary insolvency
manager.  The company holds account number 26001301172006 at Pro
minvestbank, Dniprodzerzhinsk branch, MFO 305501.

Creditors have until October 2, 2004 to submit their proofs of
claim to:

(a) Mr. O. Vozdvizhenskij
    Temporary Insolvency Manager
    51900, Ukraine, Dnipropetrovsk region,
    Dniprodzerzhinsk,
    Internatsionalistiv Str. 2/53

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


DONETSKMOREPRODUKTI: Deadline for Proofs of Claim October 2
-----------------------------------------------------------
The Economic Court of Donetsk region declared LLC
Donetskmoreprodukti (code EDRPOU 25095243) insolvent and
introduced bankruptcy proceedings on August 18, 2004.  The case
is docketed as 15/225 B.  Mr. Oleksandr Polishuk (License Number
AA 140445) has been appointed liquidator/insolvency manager.
The company holds account number 26008980706 at Ukrsocbank,
Donetsk branch, MFO 334353.

Creditors have until October 2, 2004 to submit their proofs of
claim to:

(a) DONETSKMOREPRODUKTI
    83112, Ukraine, Donetsk region,
    Adigejska Str. 14

(b) Mr. Oleksandr Polishuk
    Liquidator/Insolvency Manager
    83045, Ukraine, Donetsk region,
    Vorovskij Str. 5/1

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


KERAMIKA: Zaporizhya Court Brings in Liquidator
-----------------------------------------------
The Economic Court of Zaporizhya region declared CJSC KERAMIKA
(code EDRPOU 30490834) insolvent and introduced bankruptcy
proceedings on July 15, 2004.  The case is docketed as 21/147.
Arbitral manager Mr. Roman Sinyavskij (License Number AA 699650)
has been appointed liquidator/insolvency manager.  The company
holds account number 26006301190682 at Prominvestbank, Energodar
branch, MFO 313098.

Creditors have until October 2, 2004 to submit their proofs of
claim to:

(a) KERAMIKA
    71500, Ukraine, Zaporizhya region,
    Energodar, Komsomolska Str. 3

(b) Mr. Roman Sinyavskij
    Liquidator/Insolvency Manager
    71500, Ukraine, Zaporizhya region,
    Energodar, Budivelnikiv Avenue, 38/189
    Phone: (06139) 3-34-34

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


KVIT: Court Starts Bankruptcy Supervision
-----------------------------------------
The Economic Court of Zaporizhya region commenced bankruptcy
supervision procedure on CJSC Kvit (code EDRPOU 00445587) on
August 3, 2004.  The case is docketed as 21/43.  Arbitral
manager Mr. Sergij Dovganchuk (License Number AA 047738) has
been appointed temporary insolvency manager.

Creditors have until October 2, 2004 to submit their proofs of
claim to:

(a) KVIT
    69000, Ukraine, Zaporizhya region,
    Dimitrov Str. 50

(b) Mr. Sergij Dovganchuk
    Temporary Insolvency Manager
    Ukraine, Zaporizhya region,
    Vognetrivna Str. 25/16.

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


MEBELUKS: Proofs of Claim Deadline Set October 2
------------------------------------------------
The Economic Court of Zaporizhya region declared LLC Mebeluks
(code EDRPOU 31522730) insolvent and introduced bankruptcy
proceedings on August 19, 2004.  The case is docketed as 25/118.
Arbitral manager Mr. Oleksij Zavgorodnij (License Number AA
630113 approved on December 22, 2003) has been appointed
liquidator/insolvency manager.  The company holds account number
26009301066 at JSCB MT-Bank, Zaporizhya branch, MFO313816.

Creditors have until October 2, 2004 to submit their proofs of
claim to:

(a) MEBELUKS
    Juridical address:
    69002, Ukraine, Zaporizhya region,
    Zaporizka Str. 2 V

    Mailing address:
    69118, Ukraine, Zaporizhya region,
    Chubanov Str. 5.

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


PROMBITSERVICE: Last Day for Filing Claims October 2
----------------------------------------------------
The Economic Court of Zaporizhya region declared LLC
Prombitservice (code EDRPOU 25214587) insolvent and introduced
bankruptcy proceedings on June 21, 2004.  The case is docketed
as 19/85.  Arbitral manager Mr. Roman Sinyavskij (License Number
AA 699650) has been appointed liquidator/insolvency manager.
The company holds account number 26007000022001 at Ukrinbank,
Zaporizhya branch, MFO 313184.

Creditors have until October 2, 2004 to submit their proofs of
claim to:

(a) PROMBITSERVICE
    69000, Ukraine, Zaporizhya region,
    Doroshenko Str. 6/66

(b) Mr. Roman Sinyavskij
    Liquidator/Insolvency Manager
    71500, Ukraine, Zaporizhya region,
    Energodar, Budivelnikiv Avenue, 38/189
    Phone: (06139) 3-34-34

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


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


ABBEYZONE LIMITED: Appoints Sargent & Company Limited Liquidator
----------------------------------------------------------------
At an extraordinary general meeting of the members of the
Abbeyzone Limited on September 14, 2004 held at the office of
Sargent & Company Limited, 36 Clare Road, Halifax HX1 2HX, the
extraordinary and ordinary resolutions to wind up the company
were passed.  Peter Sargent of Sargent & Company Limited, 36
Clare Road, Halifax HX1 2HX has been appointed liquidator of the
company for the purpose of the voluntary winding-up.

CONTACT:  SARGENT & COMPANY LIMITED
          36 Clare Road,
          Halifax HX1 2HX
          Liquidator:
          Peter Sargent


ALLIS-CHALMERS: Sets Final General Meeting October 29
-----------------------------------------------------
Name of Companies:
Allis-Chalmers Limited
Babbitless Company (Great Britain) Limited
Braham Millar Company Limited
Burleigh Marine International Limited
Charlestown Engineering Limited
Conrad Scholtz (Great Britain) Limited
Denver Process Equipment Limited
Goodwin Barsby Limited
Orion Pumps Limited
Skega Limited

The final general meeting of these companies will be on October
29, 2004 commencing at 10:30 a.m. and thereafter at 15-minute
intervals.  It will be held at One Bridewell Street, Bristol BS1
2AA.

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
          One Bridewell Street,
          Bristol BS1 2AA
          Liquidator:
          I Best
          Phone: +44 [0] 117 981 2050
          Fax:   +44 [0] 117 981 2051
          Web site: http://www.ey.com


ARTISAN PARTNERS: Names Liquidator from Wilkins Kennedy
-------------------------------------------------------
At an extraordinary general meeting of the members of the
Artisan Partners Limited on September 8, 2004 held at Chapel
House Hotel, Friars Gate, Market Square, Atherstone,
Warwickshire CF9 1EY, the extraordinary and ordinary resolutions
to wind up the company were passed.  Keith Aleric Stevens of
Wilkins Kennedy, Gladstone House, 77-79 High Street, Egham,
Surrey TW20 9HY has been appointed liquidator of the company for
the purpose of the voluntary winding-up.

CONTACT:  WILKINS KENNEDY
          Gladstone House
          77-79 High Street,
          Egham, Surrey TW20 9HY
          Liquidator:
          Keith Aleric Stevens
          Phone: +44 (0) 1784 435561
          Fax:   +44 (0) 1784 430584
          E-mail: egham@wilkinskennedy.com
          Web site: http://www.wilkinskennedy.com


A. S. DECOR: Director Gets Four-year Ban
----------------------------------------
A director of a painting contractor business has given an
Undertaking not to hold directorships or take any part in
company management for 4 years.

The Undertaking by Tristan Michael Prosser, 24, of Darien Way,
Thorpe, Astley, Leicester, Leicestershire, was given in respect
of his conduct as a director of A. S. Decor Limited which
carried out business from premises at Unit 3, Site 4 Cold
Heseldon Industrial Estate, Murton, County Durham.

Acceptance of the Undertaking on September 10, 2004 prevents
Tristan Michael Prosser from being a director of a company or,
in any way, whether directly or indirectly, being concerned in
or taking part in the promotion, formation or management of a
company for the above period.

A S Decor Limited was placed into voluntary liquidation on
September 13, 2002 with estimated debts of GBP142,141 owed to
its creditors.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility (under Section (6) of the
Company Directors Disqualification Act 1986) for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered to be
unfit to be involved in the management of companies in the
future.

The matters of unfit conduct, not disputed by Tristan Michael
Prosser solely for the purpose of the undertaking was that he
caused A. S. Decor Limited to fail to deal properly with its
taxation affairs in relation to VAT from August 2000 and in
relation to PAYE/NIC from May 2000, and to operate a policy of
retention of monies due to Crown departments totaling at least
GBP75,335.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


ASHLEY CARTER: Members, Creditors Final Meeting October 18
----------------------------------------------------------
The final meeting of the members and creditors of Ashley Carter
Design Consultants Limited will be on October 18, 2004
commencing at 12:00 noon and 12:15 p.m. respectively.  It will
be held at the offices of Valentine & Co, 4 Dancastle Court, 14
Arcadia Avenue, London N3 2HS.

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 of creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms
must be lodged with Valentine & Co, 4 Dancastle Court, 14
Arcadia Avenue, London N3 2HS not later than 12:00 noon, October
15, 2004.

CONTACT:  VALENTINE & CO.
          4 Dancastle Court
          14 Arcadia Avenue
          London N3 2HS
          Liquidator:
          R Valentine
          Phone: 020 8343 3710
          Fax: 020 9343 4486
          Web site: http://www.valentine-co.com


BFC LTD.: Schedules Meeting of Creditors September 28
-----------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

                    IN THE MATTER OF BFC Ltd.

Notice is hereby given, pursuant to section 98 of the Insolvency
Act 1986, that a meeting of Creditors of BFC Ltd. will be held
at Express by Holiday Inn M1 Junction 15 Cheaney Drive
Northampton NN4 5FB on September 28, 2004 at 11:00 a.m. for the
purpose of having a full statement of the position of the
Company's affairs, together with a list of the Creditors of the
Company and the estimated amount of their claims, laid before
them, and for the purpose, if thought fit, of nominating a
Liquidator and of appointing a Liquidation Committee. (Sections
99-101 of the said Act)

In accordance with section 98 (2) Insolvency Act 1986, a list of
Creditors' names and addresses will be available for inspection,
free of charge, at The P&A Partnership, 93 Queen Street
Sheffield S1 1WF two business days prior to the meeting.

By Order of the Board.

S. G. Mold, Director
September 2, 2004

CONTACT:  THE P&A PARTNERSHIP
          93 Queen Street
          Sheffield S1 1WF
          Phone: (0114) 275 5033
          Fax: (0114) 276 8556
          E-mail: info@poppletonappleby.co.uk
          Web site: http://www.thepandapartnership.com


BOILERHOUSE SUPPLIES: Final Meeting Set October 28
--------------------------------------------------
The final meeting of the members and creditors of Boilerhouse
Supplies Limited will be on October 28, 2004 commencing at 10:30
a.m. and 10:45 a.m. respectively.  It will be held at
Tomlinsons, St John's Court, 72 Gartside Street, Manchester M3
3EL.

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 Tomlinsons, St John's Court, 72 Gartside
Street, Manchester M3 3EL not later than 12:00 noon, October 27,
2004.

CONTACT:  TOMLINSONS
          St John's Court,
          72 Gartside Street,
          Manchester M3 3EL
          Liquidator:
          Alan H Tomlinson
          Phone: 0870 60 70 170
          Fax:   0870 60 70 180
          E-mail: advice@tomlinsons.co.uk
          Web site: http://www.tomlinsons.co.uk


BRITISH ENERGY: Seeks to Stop EGM Requested by Polygon
------------------------------------------------------
British Energy plc on Tuesday applied to the United States
District Court, Southern District of New York, for an order
against Polygon Investment Partners, LLP and its associates
relating to its Schedule 13D filing in respect of British Energy
which British Energy considers was filed late and defective
because it failed to include material information.  The effect
of this order if granted would be to require Polygon to re-file
a Schedule 13D and withdraw its requisition of an Extraordinary
General Meeting of British Energy, submitted on 3 September, for
a period of time to be determined by the Court.

Under U.S. Securities law (which is applicable to British Energy
as a company registered with the S.E.C.) any shareholder
acquiring an interest in more than 5% of a registered company
with a view to influencing the conduct of that company is
obliged to inform the market of that fact under Schedule 13D
within 10 days of making such an acquisition.  Polygon acquired
35,000,000 ordinary shares in British Energy (representing 5.64%
of the ordinary share capital outstanding) on 23 July 2004.

Polygon filed a Schedule 13D notice in respect of this
acquisition only on 12 September 2004 more than six weeks after
British Energy believes it was required to do so.

The effect of the resolutions to be proposed at the EGM
requisitioned by Polygon would, if they are passed and nothing
else is done, be to prevent British Energy from taking action
without which British Energy believes there would be a breach of
the binding Creditor Restructuring Agreement entered into by
British Energy.

In the event of a breach of the CRA and its subsequent
termination, the Company would come under an immediate
obligation to pay approximately GBP1.5 billion to creditors.
The Company has nothing like the available resources to pay
these sums.  Furthermore the Company may be subject to
significant claims for damages from creditors for breach of
contract.  In these circumstances, there is a very real
possibility that British Energy would be forced to commence
insolvency proceedings.

In these highly unusual circumstances British Energy believes it
ought to take every step available to it to avoid these risks
and compel compliance with applicable securities laws; hence the
court action.

CONTACT:  BRITISH ENERGY
           Andrew Dowler
           Phone: 020 7831 3113
           (Media Enquiries)
           John Searles
           Phone: 01355 26 2202
           (Investor Relations)
           Web site: http://www.british-energy.com


CONTRACT AGENCIES: Members, Creditors Final Meeting October 18
--------------------------------------------------------------
The final meeting of the members and creditors of Contract
Agencies Services Limited will be on October 18, 2004 commencing
at 2:00 p.m. and 2:15 p.m. respectively.  It will be held at the
offices of Valentine & Co, 4 Dancastle Court, 14 Arcadia Avenue,
London N3 2HS.

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 Valentine & Co, 4 Dancastle Court, 14
Arcadia Avenue, London N3 2HS not later than 12:00 noon, October
15, 2004.

CONTACT:  VALENTINE & CO.
          4 Dancastle Court
          14 Arcadia Avenue
          London N3 2HS
          Liquidator:
          R Valentine
          Phone: 020 8343 3710
          Fax: 020 9343 4486
          Web site: http://www.valentine-co.com


CYMRU IT: Calls in Liquidator from Purnells
-------------------------------------------
At an extraordinary general meeting of the members of the CYMRU
IT Ltd. (formerly Redbridge Export Services) on September 9,
2004 held at St Marks House, 3 Gold Tops, Newport, South Wales
NP20 4PG, the extraordinary resolution to wind up the company
was passed.  Ray Purnell of Purnells, St Marks House, 3 Gold
Tops, Newport, South Wales NP20 4PG has been nominated
liquidator for the purpose of the winding-up.

CONTACT:  PURNELLS
          St Marks House
          3 Gold Tops, Newport
          South Wales NP20 4PG
          Liquidator:
          Ray Purnell
          Phone: 01633 214712
          Fax:   01633 246599
          E-mail: ray@purnells.co.uk
          Web site: http://www.purnells.co.uk


FASTLINK RECRUITMENT: Seven-year Ban for Top Honcho
---------------------------------------------------
A director of an employment agency business that failed with
total debts estimated at around GBP222,000 has given an
Undertaking not to hold directorships or take any part in
company management for seven years.

The Undertaking by Behzad Malik, 28, of Beresford Road,
Southall, Middlesex, was given in respect of his conduct as a
director of Fastlink Recruitment Services Limited (FRS), which
carried out business from premises at 32 Sussex Road, Southall,
Middlesex, UB2 5EQ.

Acceptance of the Undertaking on September 14, 2004 prevents Mr.
Malik from being a director of a company or, in any way, whether
directly or indirectly, being concerned or taking part in the
promotion, formation or management of a company for the above
period.

FRS was placed into voluntary liquidation on June 14, 2002 with
an estimated total deficiency of GBP222,246 owed to creditors.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility (under Section 6 of the
Company Directors Disqualification Act 1986) for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered unfit
to be involved in the management of companies in the future.

Matters of unfit conduct, not disputed by Mr. Malik, were that
he:

(a) caused FRS to trade to the detriment of the Crown;

(b) allowed payments to be made to himself free of income tax;
    and

(c) failed to ensure that FRS maintained or preserved adequate
    accounting records.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


FASTRAC EUROPEAN: Names Joint Liquidators from Oury Clark
---------------------------------------------------------
At an extraordinary general meeting of the Fastrac European
Services Limited on September 8, 2004 held at RAC Plc, RAC
House, Boston Drive, Bourne End, Buckinghamshire SL8 5YS, the
ordinary and extraordinary resolutions to wind up the company
were passed.  Derrick Arthur Smith and Richard Anthony Oury of
Oury Clark, Herschel House, 58 Herschel Street, Slough,
Berkshire SL1 1HD have been appointed joint liquidators for the
purpose of such winding-up.

CONTACT:  OURY CLARK
          Herschel House,
          58 Herschel Street,
          Slough, Berkshire SL1 1HD
          Joint Liquidators:
          Derrick Arthur Smith
          Richard Anthony Oury
          Phone: 01753 551111
          Fax:   01753 55044
          E-mail: client-care@ouryclark.com
          Web site: http://www.ouryclark.com


GEMMA LIMITED: Extraordinary Winding up Resolution Passed
---------------------------------------------------------
At an extraordinary general meeting of the Gemma Limited on
September 13, 2004 held at Albert Chambers, 221-223 Chingford
Mount Road, London E4 8LP, the subjoined extraordinary
resolution to wind up the company was passed.  Mandy Jane Smart
of Baker Tilly, Marlborough House, Victoria Road South,
Chelmsford CM1 1LN, and Richard Andrew Segal, of A. Segal & Co,
Albert Chambers, 221-223 Chingford Mount Road, London E4 8LP
have been appointed joint liquidators for the purpose of such
winding-up.

CONTACT:  BAKER TILLY
          Marlborough House
          Victoria Road South,
          Chelmsford CM1 1LN
          Joint Liquidator:
          Mandy Jane Smart
          Phone: 01245 354 402
          Fax:   01245 490 243
          Web site: http://www.bakertilly.co.uk

          A. SEGAL & CO
          Albert Chambers
          221-223 Chingford Mount Road,
          London E4 8LP
          Joint Liquidator:
          Richard Andrew Segal


GRASMERE PRESS: Business for Sale
---------------------------------
Derek Oakley and Simon Thomas, Joint Administrators, offer for
the businesses and assets of Grasmere Press Limited (GP) and
Grasmere (Digital Imaging) Limited (GDI).

Blackpool-based GP is a manufacturer of printed products for
document management and information systems and has an annual
turnover of GBP1.8 million.

GDI is engaged in reprographics and digital imaging business,
generating an annual turnover of GBP2 million from its freehold
premises in Leeds.  Both businesses have U.K. customer bases.

CONTACT:  TENON RECOVERY
          Jeremy Woodside or David Shaw
          Phone: 0161 827 8421
          Fax: 0161 827 8402
          E-mail: jeremy.woodside@tenongroup.com


HAYMES FARM: Creditors May Appoint Liquidator Tuesday
-----------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

            IN THE MATTER OF Haymes Farm Produce Ltd.

Notice is hereby given, pursuant to section 98 of the Insolvency
Act 1986, that a meeting of Creditors of Haymes Farm Produce
Ltd. will be held at 1 Georges Square Bristol BS1 6BP on
September 28, 2004 at 11:30 a.m. for the purpose of having a
full statement of the position of the Company's affairs,
together with a list of the Creditors of the Company and the
estimated amount of their claims, laid before them, and for the
purpose, if thought fit, of nominating a Liquidator and of
appointing a Liquidation Committee. (Sections 99-101 of the said
Act)

A Form of Proxy, if intended to be used by creditors wishing to
vote at the Meeting, must be duly completed and accompanied by
their statement of claim, and must be lodged at 1 Georges Square
Bristol BS1 6BP not later than 12:00 noon on the business day
before the Meeting.

Notice is also given, for the purpose of voting, that secured
Creditors must (unless they surrender their security) lodge at 1
Georges Square Bristol BS1 6BP before the Meeting, a statement
giving particulars of their security, the date when it was
given, and the value at which it is assessed.

In accordance with section 98 (2) Insolvency Act 1986, a list of
Creditors' names and addresses will be available for inspection,
free of charge, at Baker Tilly, 1 Georges Square Bristol BS1 6BP
two business days prior to the meeting.

By Order of the Board.

S. Walsh, Director
September 1, 2004

CONTACT:  BAKER TILLY
          1 Georges Square
          Bristol BS1 6BP
          Phone: 0117 945 2000
          Fax: 0117 945 2001
          Web site: http://www.bakertilley.co.uk


LANCASTER PRIVATE: Creditors Meeting Set October 5
--------------------------------------------------
The creditors of Lancaster Private Hire Limited will meet on
October 5, 2004 commencing at 10:00 a.m.  It will be held at the
offices of Smith & Williamson Limited, No 1 Bishops Wharf,
Walnut Tree Close, Guildford, Surrey GU1 4RA.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to Smith & Williamson Limited, 1 Bishops Wharf,
Walnut Tree Close, Guildford, Surrey GU1 4RA not later than
12:00 noon, October 4, 2004.

CONTACT:  SMITH & WILLIAMSON LIMITED
          1 Bishops Wharf,
          Walnut Tree Close,
          Guildford, Surrey GU1 4RA
          Joint Administrative Receiver:
          R Tulloch
          Phone: 01483 407 100
          Fax:   01483 301 232
          Web site: http://www.smith.williamson.co.uk


LINCOLN DIESELS: Hires KPMG as Administrator
--------------------------------------------
Julian Richard Whale and Francis Graham Newton have been
appointed as administrators for Lincoln Diesels Plc.  The
appointment was made September 14, 2004.  The company sells auto
and truck parts.

CONTACT:  KPMG
          Corporate Recovery,
          1 The Embankment,
          Neville Street,
          Leeds LS1 4DW
          Administrators:
          Julian Richard Whale
          Francis Graham Newton
          (IP Nos 7252, 9310)
          Phone: (0113) 231 3000
          Fax: (0113) 231 3200
          Web site: http://www.kpmg.co.uk


META RETAIL: Names BDO Stoy Hayward Liquidator
----------------------------------------------
At a meeting of the Meta Retail Limited on September 16, 2004,
the special, ordinary and extraordinary resolutions to wind up
the company were passed.  Malcom Cohen and Antony Nygate of BDO
Stoy Hayward LLP, 8 Baker Street, London W1U 3LL have been
appointed as joint liquidators of the Company for the purpose of
the winding-up.

CONTACT:  BDO STOY HAYWARD LLP
          8 Baker Street,
          London W1U 3LL
          Joint Liquidators:
          Malcom Cohen
          Antony Nygate
          Phone: 020 7486 5888
          Fax:   020 7487 3686
          E-mail: london@bdo.co.uk
          Web site: http://www.bdo.co.uk


NORCAST LIMITED: Names Joint Administrators from McTear Williams
----------------------------------------------------------------
Andrew McTear and Chris Williams have been appointed joint
administrators for Norcast Limited.  The appointment was made
September 10, 2004.

The company is engaged in iron casting.  Its registered office
is located at 90 St Faiths Lane, Norwich NR1 1NE.

CONTACT:  MCTEAR WILLIAMS & WOOD
          90 St Faiths Lane,
          Norwich NR1 1NE
          Joint Administrators:
          Andrew McTear
          Chris Williams
          (IP Nos 007242, 008772)
          Phone: 01603 877540
          Fax:   01603 877549
          E-mail: mail@mw-w.com
          Web site: http://www.mw-w.com


NORTHUMBRIAN WATER: Hires Baker Tilly as Liquidator
---------------------------------------------------
At an extraordinary general meeting of the Northumbrian Water
Environmental Trust Ltd. on September 3, 2004 held at
Northumbria House, Abbey Road, Pity Me, Durham DH1 5FJ, the
special resolution to wind up the company was passed.  Robert
Henry Barker and Alec David Pillmoor of Baker Tilly, 2 Whitehall
Quay, Leeds LS1 4HG have been appointed joint liquidators for
the purpose of such winding-up.

CONTACT:  BAKER TILLY
          2 Whitehall Quay
          Leeds LS1 4HG
          Joint Liquidator:
          Robert Henry Barker
          Alec David Pillmoor
          Phone: 0113 285 5000
          Fax:   0113 285 5001
          Web site: http://www.bakertilly.co.uk


PREMIER CASTLE: Insolvency Service Disqualifies Director
--------------------------------------------------------
A director of a Chinese Restaurant that failed with debts of
more than GBP261,000 has given an Undertaking not to hold
directorships or take any part in company management for a
period of four years.

The Undertaking by Pak Luong Ho, 46, of Eden Terrace, Chilton,
Ferryhill, was given in respect of his conduct as a director of
Premier Castle Limited which carried on business trading as New
Ming Dynasty from premises at 41 Stowell Street,
Newcastle-Upon-Tyne, NE1 1YB.

Premier was placed into voluntary liquidation on 20 September
2002 with estimated debts of GBP261,000 owed to its creditors.

The acceptance of the Undertaking on September 13, 2004,
prevents Pak Luong Ho from being a director of a company or, in
any way, whether directly or indirectly, being concerned in or
taking part in the promotion, formation or management of a
company for four years.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility (under Section (6) of the
Company Directors Disqualification Act 1986) for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered to be
unfit to be involved in the management of companies in the
future.

Matters of unfit conduct, not disputed by Pak Luong Ho were
that:

(a) He allowed Premier to fail to declare all its takings in its
    accounts, to the Inland Revenue and to HMCE;

(b) He allowed Premier to enter into a transaction at an
    undervalue to the detriment of creditors and to the benefit
    of Teamrespect Limited, a company of which Mr. Lok, a co-
    director of Premier, was a former director.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


PRINT SV2: Hires Tenon Recovery as Administrator
------------------------------------------------
S R Thomas and T J Binyon have been appointed as joint
administrators for Print SV2 Limited.  The appointment was made
September 8, 2004.

The company is engaged in printing.  Its registered office is
c/o Tenon Recovery, Sherlock House, 73 Baker Street, London W1U
6RD.

CONTACT:  TENON RECOVERY
          Sherlock House,
          73 Baker Street,
          London W1U 6RD
          Joint Administrators:
          S R Thomas
          T J Binyon
          (IP Nos 8920, 9825)
          Phone: 020 7935 5566
          Fax: 020 7935 3512
          E-mail: bakerstreet@tenongroup.com
          Web site: http://www.tenongroup.com


PROMENADE AUTO: Special Winding up Resolution Passed
----------------------------------------------------
At an extraordinary general meeting of the members of the
Promenade Auto Limited on September 10, 2004 held at 37 De
Verdun Avenue, Belton, Loughborough, Leicestershire LE12 9TY,
the special resolution to wind up the company was passed.  Brian
Andrew Scott of Johnson Tidsall, 81 Burton Road, Derby DE1 1TJ
has been appointed liquidator for the purpose of such
winding-up.

CONTACT:  JOHNSON TIDSALL
          81 Burton Road,
          Derby DE1 1TJ
          Liquidator:
          Brian Andrew Scott
          Phone: 01332 363116
          Fax:   01332 349984
          E-mail: general@johnsontidsall.co.uk
          Web site: http://www.johnsontidsall.co.uk


R AND L PRESSINGS: Hires DTE Leonard Curtis Administrator
---------------------------------------------------------
A Poxon and J M Titley have been appointed as joint
administrators for R and L Pressings Limited.  The appointment
was made September 8, 2004.  The company manufactures steel
pressings and welded assemblies for the automotive industry.

CONTACT:  DTE LEONARD CURTIS
          DTE House,
          Hollins Mount,
          Bury, Lancashire BL9 8AT
          Joint Administrators:
          A Poxon
          J M Titley
          (IP Nos 8620, 8617)
          Phone: 0161 767 1200
          Fax: 0161 767 1201
          Web site: http://www.dtegroup.com


READYPRIDE LTD: Sets Final General Meeting October 29
-----------------------------------------------------
The final general meeting of the members of Readypride Ltd. will
be on October 29, 2004 commencing at 10:00 a.m.  It will be held
at 1 More London Place, London SE1 2AF.

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 Ernst & Young, 1 More London Place, London SE1 2AF not
later than 4:00 p.m., October 28, 2004.

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Joint Liquidator:
          M Fishman
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


S.J.S. CIVIL: HSBC Bank Appoints P&A Partnership Receiver
---------------------------------------------------------
HSBC Bank plc called in Philip Andrew Revill and John Russell as
joint administrative receivers for S.J.S. Civil Engineering
Limited (Reg No 03686839).  The application was filed September
13, 2004.

CONTACT:  THE P&A PARTNERSHIP
          93 Queen Street
          Sheffield S1 1WF
          Joint Administrative Receivers:
          Philip Andrew Revill
          Andrew Philip Wood
          Phone: (0114) 275 5033
          Fax: (0114) 276 8556
          E-mail: info@poppletonappleby.co.uk
          Web site: http://www.thepandapartnership.com


SPECIALIST OFFICE: Director Served Four-year Disqualification
-------------------------------------------------------------
A director of a computer retail business that failed with total
debts estimated at around GBP158,000 has given an Undertaking
not to hold directorships or take any part in company management
for four years.

The Undertaking by David Reginald Brayshaw, 32, of Goldhawk
Road, Hammersmith, London, was given in respect of his conduct
as a director of Specialist Office Solutions Limited (SOS),
which carried out business from his home address.

Acceptance of the Undertaking on September 15, 2004 prevents Mr.
Brayshaw from being a director of a company or, in any way,
whether directly or indirectly, being concerned or taking part
in the promotion, formation or management of a company for the
above period.

SOS was placed into voluntary liquidation on September 26, 2002
with estimated debts of GBP158,755 owed to creditors.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility (under Section (6) of the
Company Directors Disqualification Act 1986) for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered unfit
to be involved in the management of companies in the future.

The matter of unfit conduct, not disputed by Mr. Brayshaw, was
that between October 1, 2001 and September 26, 2002 he failed to
ensure that SOS maintained and/or preserved adequate accounting
records or alternatively he failed to deliver them up to the
Liquidator.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


SVEDALA BARMAC: Final General Meeting Set October 29
----------------------------------------------------
Name of Companies:
Svedala Barmac U.K. Limited
Weda Pump (U.K.) Limited

The final general meeting of these companies will be on October
29, 2004 commencing at 1:00 p.m. and 1:15 p.m. respectively.  It
will be held at One Bridewell Street, Bristol BS1 2AA.

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
          One Bridewell Street,
          Bristol BS1 2AA
          Liquidator:
          I Best
          Phone: +44 [0] 117 981 2050
          Fax:   +44 [0] 117 981 2051
          Web site: http://www.ey.com


TECHTRONICS (EUROPEAN): Names PKF Administrator
-----------------------------------------------
Brian J Hamblin and Ian J Gould have been appointed as joint
administrators for Techtronics (European) Limited.  The
appointment was made September 13, 2004.  The company
distributes home entertainment.

CONTACT:  PKF
          Pannell House,
          159 Charles Street,
          Leicester LE1 1LD
          Joint Administrators:
          Brian J Hamblin
          Ian J Gould
          (IP Nos 2085, 7866)
          Phone: 0117 906 4000
          Fax:   0117 974 1238
          E-mail: info.bristol@uk.pkf.com
          Web site: http://www.pkf.co.uk


THE LD GROUP: Names Joint Administrators from KPMG
--------------------------------------------------
Julian Richard Whale and Francis Graham Newton have been
appointed as joint administrators for holding company The LD
Group Plc.  The appointment was made September 14, 2004.

CONTACT:  KPMG
          Corporate Recovery,
          1 The Embankment,
          Neville Street,
          Leeds LS1 4DW
          Joint Administrators:
          Julian Richard Whale
          Francis Graham Newton
          (IP Nos 7252, 9310)
          Phone: (0113) 231 3000
          Fax: (0113) 231 3200
          Web site: http://www.kpmg.co.uk


TJ REFRIGERATED: Sets Creditors Meeting September 30
----------------------------------------------------
The creditors of TJ Refrigerated Transport Limited will meet on
September 30, 2004 commencing at 10:00 a.m.  It will be held at
the offices of Baker Tilly, Garrick House, 76-80 High Street,
Old Fletton, Peterborough PE2 8ST.

Creditors who want to be represented at the meting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to Baker Tilly, Garrick House, 76-80 High Street,
Old Fletton, Peterborough PE2 8ST not later than 12:00 noon,
September 29, 2004.

CONTACT:  BAKER TILLY
          Garrick House
          76-80 High Street, Old Fletton,
          Peterborough PE2 8ST
          Joint Administrator:
          Adrian David Allen
          Phone: 01733 342444
          Fax:   01733 554704
          Web site: http://www.bakertilly.co.uk


TRAVELSCENE SERVICES: Creditors Meeting Set September 27
--------------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

           IN THE MATTER OF Travelscene Services Ltd.

Notice is hereby given, pursuant to section 98 of the Insolvency
Act 1986, that a meeting of Creditors of Travelscene Services
Ltd. will be held at Hendon Hall Ashley Lane London NW4 1HF on
September 27, 2004 at 10:15 a.m. for the purpose of having a
full statement of the position of the Company's affairs,
together with a list of the Creditors of the Company and the
estimated amount of their claims, laid before them, and for the
purpose, if thought fit, of nominating a Liquidator and of
appointing a Liquidation Committee. (Sections 99-101 of the said
Act)

In accordance with section 98 (2) Insolvency Act 1986, a list of
Creditors' names and addresses will be available for inspection,
free of charge, at SPW Poppleton & Appleby, Gable House 239
Regents Park Road London N3 3LF two business days prior to the
meeting.

By Order of the Board.

J. Monfort, Director
September 9, 2004

CONTACT:  SPW POPPLETON & APPLEBY
          Gable House
          239 Regents Park Road
          London N3 3LF


TRENPORT INVESTMENTS: Appoints Deloitte & Touche Liquidator
-----------------------------------------------------------
At a meeting of the Trenport Investments Partner Limited, the
special and ordinary resolutions to wind up the company were
passed.  J R D Smith and N J Dargan of 66 Shoe Lane, London EC4A
3WA have been appointed joint liquidators of the company.

CONTACT:  DELOITTE AND TOUCHE LLP
          Athene Place,
          66 Shoe Lane,
          London EC4A 3WA
          Joint Liquidators:
          J R D Smith
          N J Dargan
          Phone: 00 44 (0) 207 936 3000
          Fax:   00 44 (0) 207 779 4001
          Web site: http://www.deloitte.com


UNIVERSAL EASTERN: Calls in Liquidator from Grant Thornton
----------------------------------------------------------
At a meeting of the Universal Eastern Europe Limited on
September 7, 2004, the special resolution to wind up the company
was passed.  Roy Welsby of Grant Thornton UK LLP, 1 Westminster
Way, Oxford OX2 0PZ has been appointed liquidator of the company
for the purpose of the voluntary winding-up.

CONTACT:  GRANT THORTON UK LLP
          1 Westminster Way,
          Oxford OX2 0PZ
          Liquidator:
          Roy Welsby
          Phone: 01865 799899
          Fax:   01865 724420
          Web site: http://www.grant-thornton.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
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.

Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$575 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *