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

                           E U R O P E

           Thursday, December 2, 2004, Vol. 5, No. 239

                            Headlines

F I N L A N D

METSO CORPORATION: Selling U.S. Drill Tools Manufacturing Biz


F R A N C E

INDIGO DEVELOPPEMENT: Bidding Period Ends Tomorrow
VIVENDI UNIVERSAL: Canal+ Sale Is Above Board


G E R M A N Y

A-QUA-BE GMBH: Applies for Bankruptcy Proceedings
ASL PROJEKTENTWICKLUNG: PKL Keller Appointed Administrator
BRANKERS MONTAGEBAU: Creditors' Claims Due Next Week
CONSTRUCTION SYSTEMS: First Creditors' Meeting Set February
CONTINENTALE OFENBAUGES: Sets Creditors' Meeting January

GEMEINNUTZIGE GESELLSCHAFT: Under Bankruptcy Administration
GUTEKUNST BUROSYSTEME: Provisional Administrator Takes over Helm
MARK DIENSTLEISTUNGEN: Court to Verify Claims Next Month
M. HELLWEG GMBH: Creditors' Claims Due Later this Month
MODELLMANUFAKTUR BECKER: Provisional Administrator Moves in

NICO HEIDRICH: Sets Deadline for Filing of Claims
PRODOMIZIL BAUBETREUUNG: Calls First Creditors' Meeting
SHG SPEZIALZUGMASCHINEN: Sets Proofs of Claim Deadline
SSB SPEZIAL: Creditors' Meeting Set December 22
TIEFURTER BAU: Creditors' Claims Due January 17
VSD GESELLSCHAFT: Names Kurt Brandel Provisional Administrator


I R E L A N D

ELAN CORPORATION: Closes Tender Offer for EPIL III Notes


I T A L Y

PARMALAT U.S.A.: Cutting Jobs at Brooklyn Plant
PARMALAT U.S.A.: Wants Exclusive Filing Period Extended
VOLARE GROUP: State Drafts Turnaround Expert
VOLARE GROUP: Card Company Promises to Reimburse Ticket holders


L U X E M B O U R G

MILLICOM INTERNATIONAL: Proposed Convertible Bond Rated 'B-'
TEKSID ALUMINUM: Third-quarter Operating Result Heads South


N E T H E R L A N D S

AIR HOLLAND: Former Executives Linked to Illegal Drugs Trade
GETRONICS N.V.: PinkRoccade Offer Preparations on Track
ROYAL SHELL: Sets Timetable for 'Unification'


N O R W A Y

PETROLEUM GEO-SERVICES: Q3, 9-month Results Up Year-on-year
STOLT OFFSHORE: Wins US$90 Million Worth of North Sea Deals


R U S S I A

AGRO-COMBINE RUSICH: Stavropol Court Appoints Insolvency Manager
BELOVO-AGRO-TRANS: Declared Insolvent
EYSK-MILK: Sets Public Auction January
GNEZDOVO: Public Auction of Assets Next Week
MOVABLE MECHANIZED: Succumbs to Insolvency

OKHTINSKAYA GARMENT: Deadline for Proofs of Claim Set
REGION-AGRO-PROM: Declared Insolvent
RUBIKON: Hires V. Strizhkov as Insolvency Manager
TUSHINSKAYA HOSIERY: Moscow Court Appoints Insolvency Manager
UCHALINSKIY FACTORY: Creditors' Claims Due Later this Month


S L O V E N I A

NOVA KREDITNA: Individual Rating Affirmed at 'C/D'


U N I T E D   K I N G D O M

3I EUROPEAN: Calls EGM to Vote on Liquidation
A D BUILDING: Hires Begbies Traynor as Liquidator
ATBARA TW: Special Winding up Resolution Passed
AUCTIONWORLD: Business for Sale
CANARY WHARF: Owner Considers Divesting Assets

CANNON HILL: Top Honcho Receives Eight-year Ban
CDE SOLUTIONS: Parent Calls in Liquidators
CITY VEHICLE: Extraordinary Winding up Resolution Passed
DAWSON INTERNATIONAL: To Pay 40p for Each GBP1 Loan Stock
DECO MARBLE: Calls in Liquidator from Elloit, Woolfe & Rose

DESIGNED STORAGE: Names David Horner & Co Administrator
DIAMETRICS MEDICAL: Hires Liquidator from Valentine & Co.
FINMATICA LIMITED: Follows Fate of Italian Parent
F P C INSPECTION: Names PKF Liquidator
GARDENS & BEYOND: Hires Liquidator from SPW Poppleton & Appleby

GUARDION SECURITY: Appoints Liquidator from PKF
HAZELBEACH LTD: Final Meeting of Members Set End of Month
IMATION RESEARCH: Names Moore Stephens Liquidator
J R J DISTRIBUTION: Final Meeting Set Third Week of December
J SAINSBURY: Buys JB Beaumont Stores

KAYE & CO (HUDDERSFIELD): Winding up Resolutions Passed
LA DEFENSE: General Meeting Resumes January Next Year
L.D.E. LIMITED: Hires Harrisons as Administrator
MAXPORTAL LIMITED: Liquidator to Present Winding-up Report
MELLER HOME: Calls in Administrators from David Rubin & Partners


MERRYDOWN: Remains Loss-making in First Half
PARKFIELD MIDLANDS: Appoints The P&A Partnership Administrator
PARKSIDE PERFORMANCE: Hires PwC Administrator
RBP (TC): Names Joint Liquidators from Robson Rhodes
REGIS GROUP: Appoints Begbies Traynor Liquidator

RE-ORG 3: Members Final General Meeting Set January
SCORPION VEHICLE: Barclays Bank Appoints PwC Receiver
STERLING WORLDWIDE: Administrators from Menzies Move In
SUNDIAL LEISURE: Sets Creditors Meeting Next Week
SWISSPORT UK: Sells Logistics Activities

THIRD PARTY: Five-year Ban for Directors Served
TIMEBUY LIMITED: Hires Joint Liquidators from Robson Rhodes
WACE CORPORATE: Names UHY Hacker Young Administrator
WAYLAND HOLDINGS: HSBC Bank Appoints Ernst & Young Receiver


                            *********


=============
F I N L A N D
=============


METSO CORPORATION: Selling U.S. Drill Tools Manufacturing Biz
-------------------------------------------------------------
After reviewing the development alternatives for its rock
drilling equipment business, Reedrill, which is part of Metso
Minerals business area, Metso Corporation has signed an
agreement to sell the business to Terex Corporation. The
divestiture of Reedrill will be completed after the relevant
regulatory approvals.  The price will be based on the net asset
value at closing and to give Metso a slight gain.

Reedrill manufactures and sells surface and underground drilling
equipment, drilling tools and parts for mining and construction
industries and drilling contractors.  In 2003, its net sales
totaled EUR60 million, and it employed some 240 people.

Reedrill's main facility is in Sherman, Texas, U.S.A.  In
addition, the company has sales and maintenance service
facilities in the U.S.A., Canada, Australia and Indonesia.
Reedrill was established in 1941 in Texas, U.S.A.

Reedrill became part of Metso Corporation in 2001 as a result of
the Svedala acquisition.  Reedrill's business has developed
favorably in it's own focused product and market area during the
last few years, but it has only limited strategic connections
with other Metso Minerals businesses.

Terex Corporation is a diversified, U.S. based, global
manufacturer of a broad range of equipment for the construction,
infrastructure, quarrying, recycling, surface mining, shipping,
transportation, refining, utility and maintenance industries.
Terex Corporation's net sales in 2003 exceeded US$3.9 billion.

Metso Corporation is a global supplier of process industry
machinery and systems, as well as know-how and aftermarket
services.  The corporation's core businesses are fiber and paper
technology (Metso Paper), rock and mineral processing (Metso
Minerals) and automation and control technology (Metso
Automation).  In 2003, the net sales of Metso Corporation were
EUR4.3 billion.  Metso has approximately 23,000 employees in
more than 50 countries.  Metso Corporation is listed on the
Helsinki and New York Stock Exchanges.

CONTACT:  METSO CORPORATION
          Bertel Langenskiold
          President, Metso Minerals
          Phone: +358 204 84 100

          Eeva Makela
          Vice President, Investor Relations
          Phone: +358 204 84 3253

          Web sites: http://www.metso.com
                     http://www.terex.com


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


INDIGO DEVELOPPEMENT: Bidding Period Ends Tomorrow
--------------------------------------------------
Liquidator SCP Becheret-Thierry will sell the business and
assets of Indigo Developpement Centre Est, which is
headquartered at 72, Rue du General-Giraud, 71100 Chalon-sur-
Saone.

Bids, along with bank guarantee, should be submitted on or
before December 3, 2004, 11:00 a.m. to the clerk of the
Commercial Court of Chalon-sur-Saone, 1 Bis, Rue de Bourgogne,
71100 Chalon-sur-Saone.  Inspection of assets can be done upon
request with the liquidator.

CONTACT:  SCP BECHERET-THIERRY
          22, Quai Gambetta
          71100 Chalon-sur-Saone
          Fax: 03 85 48 98 10


VIVENDI UNIVERSAL: Canal+ Sale Is Above Board
---------------------------------------------
Vivendi Universal (Paris Bourse: EX FP; NYSE: V) has learnt
through the press that a complaint has been filed against X
regarding the terms of the sale of Canal+ Technologies in
September 2002.

Vivendi Universal and Groupe Canal+ intend to respond vigorously
to any false allegation against their management or regarding
the terms of this sale, which was properly conducted in
accordance with the corporate interests of Vivendi Universal and
Groupe Canal+.

They have instructed their lawyers to commence proceedings
against X for malicious prosecution, coupled with a claim for
civil damages, in respect of information of any kind capable of
affecting the share price of Vivendi Universal.

CONTACT:  VIVENDI UNIVERSAL
          Investor Relations, Paris
          Daniel Scolan
          Phone: +33 (0) 1 71 71 32 91
          Laurence Daniel
          Phone: +33 (0) 1 71 71 12 33
          Or
          New York
          Eileen McLaughlin
          Phone: +(1) 212.572.8961


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


A-QUA-BE GMBH: Applies for Bankruptcy Proceedings
-------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against A-Qua-Be GmbH on Nov. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until Dec. 14, 2004 to register their claims with
court-appointed provisional administrator Dr. Christoph Munz
from Munz Hille Beden.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 25, 2005, 10:15 a.m. at Saal D131,
Amtsgericht Dresden, Olbrichtplatz 1, 01099 Dresden of 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:  A-QUA-BE GMBH
          Rothenburger Str. 23 in 02923 Horka

          MUNZ HILLE BEDEN
          Dr. Christoph Munz, Insolvency Manager
          Gustav-Adolf-Str. 6b, 01219 Dresden
          Web site: http://www.mhb-anwalt.de


ASL PROJEKTENTWICKLUNG: PKL Keller Appointed Administrator
----------------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against ASL Projektentwicklung GmbH on Oct. 22.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until Dec. 6, 2004 to
register their claims with court-appointed provisional
administrator Jorg Spies from PKL Keller Koppenhofer Spies.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 19, 2005, 10:00 a.m. at Saal D131,
Amtsgericht Dresden, Olbrichtplatz 1, 01099 Dresden 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:  ASL PROJEKTENTWICKLUNG GMBH
          Freiberger Str. 39 in 01067 Dresden

          PKL KELLER KOPPENHOFER SPIES
          Jorg Spies, Insolvency Manager
          Lockwitzer Str. 17, 01219 Dresden
          Web site: http://www.pkl.com


BRANKERS MONTAGEBAU: Creditors' Claims Due Next Week
----------------------------------------------------
The district court of Darmstadt opened bankruptcy proceedings
against Brankers Montagebau GmbH on Nov. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Dec. 6, 2004 to register their
claims with court-appointed provisional administrator Frank
Volger.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 11, 2005, 10:00 a.m. at Saal U2, Gebaude E,
Landwehrstrasse 48, 64293 Darmstadt of 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:  BRANKERS MONTAGEBAU GMBH
          Odenwaldstr. 66c, 64853 Otzberg
          Contact:
          Josef Brankers, Manager
          Zange 16, 64853 Otzberg

          Frank Volger, Insolvency Manager
          Anne-Frank-Strasse 6, 64823 Gross-Umstadt
          Phone: 06078/912313
          Fax: 06078/912314


CONSTRUCTION SYSTEMS: First Creditors' Meeting Set February
-----------------------------------------------------------
The district court of Darmstadt opened bankruptcy proceedings
against Construction Systems Marketing GmbH on Nov. 1.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Dec. 22, 2004
to register their claims with court-appointed provisional
administrator Joachim Stumpf.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 2, 2005, 10:00 a.m. at Saal U2, Gebaude E,
Landwehrstrasse 48, 64293 Darmstadt 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:  CONSTRUCTION SYSTEMS MARKETING GMBH
          Unterweg 22, 64625 Bensheim
          Contact:
          Natalie Tzentis, Manager

          Joachim Stumpf, Insolvency Manager
          Lindberghstrasse 7, 64625 Bensheim
          Phone: 06251/984172
          Fax: 06251/984173


CONTINENTALE OFENBAUGES: Sets Creditors' Meeting January
--------------------------------------------------------
The district court of Berlin-Charlottenburg opened bankruptcy
proceedings against Continentale Ofenbauges. Pfanne & Sohn mbH
on Nov. 2.  Consequently, all pending proceedings against the
company have been automatically stayed.  Creditors have until
Feb. 11, 2005 to register their claims with court-appointed
provisional administrator Rudiger Wienberg.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 6, 2005, 9:20 a.m. at which time the
administrator will present his first report of the insolvency
proceedings.  The court will verify the claims set out in the
administrator's report on March 17, 2005, 9:35 a.m. at the
district court of Charlottenburg Amtsgerichtsplatz 1, 14057
Berlin, II. Stock Saal 218.

CONTACT:  CONTINENTALE OFENBAUGES. PFANNE & SOHN M.B.H.
          Luisenstr. 31,12209 Berlin

          Rudiger Wienberg, Insolvency Manager
          Markgrafenstrasse 25, 10117 Berlin


GEMEINNUTZIGE GESELLSCHAFT: Under Bankruptcy Administration
-----------------------------------------------------------
The district court of Darmstadt opened bankruptcy proceedings
against Gemeinnutzige Gesellschaft fur soziale und padagogische
Betreuung mit beschrankter Haftung on.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Dec. 6, 2004 to register their
claims with court-appointed provisional administrator Sylvia
Hofmann.

Creditors and other interested parties are encouraged to attend
the meeting on Dec. 9, 2004, 11:00 a.m. at Saal U2, Gebaude E,
Landwehrstrasse 48, 64293 Darmstadt at which time the
administrator will present his first report of the insolvency
proceedings.  The court will verify the claims set out in the
administrator's report on Jan. 12, 2005, 11:00 a.m. at the same
venue.

CONTACT:  GEMEINNUTZIGE GESELLSCHAFT FUR SOZIALE UND
          PADAGOGISCHE BETREUUNG MIT BESCHRANKTER HAFTUNG
          Industriestrasse 15, 64390 Erzhausen
          Contact:
          Wolfgang Kluge, Manager
          Industriestrasse 15, 64390 Erzhausen
          Peter Rauscher, Manager
          Industriestrasse 15, 64390 Erzhausen

          Sylvia Hofmann, Insolvency Manager
          Birkenweg 24, 64295 Darmstadt
          Phone: 06151/66729-0
          Fax: 06151/66729-20


GUTEKUNST BUROSYSTEME: Provisional Administrator Takes over Helm
----------------------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against Gutekunst Burosysteme GmbH on Nov. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Jan. 3, 2005 to register their
claims with court-appointed provisional administrator Jan
Gartner from Wolff, Rapp & Kollegen Dresden.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 31, 2005, 10:00 a.m. at Saal D132,
Amtsgericht Dresden, Olbrichtplatz 1, 01099 Dresden 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:  GUTEKUNST BUROSYSTEME GMBH
          Rankestrasse 78 in 01139 Dresden

          WOLFF, RAPP & KOLLEGEN DRESDEN
          Jan Gartner, Insolvency Manager
          Weisseritzstrasse 3, 01067 Dresden
          Web site: http://www.WORAKO.de


MARK DIENSTLEISTUNGEN: Court to Verify Claims Next Month
--------------------------------------------------------
The district court of Dusseldorf opened bankruptcy proceedings
against MARK Dienstleistungen GmbH on Nov. 10.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until Dec. 8, 2004 to
register their claims with court-appointed provisional
administrator Horst Piepenburg.

Creditors and other interested parties are encouraged to attend
the meeting on Dec. 21, 2004, 8:30 a.m. at the district court
of Dusseldorf, Hauptstelle, Muhlenstrasse 34, 40213 Dusseldorf,
3. OG Altbau, A 341 at which time the administrator will present
his first report of the insolvency proceedings.  The court will
verify the claims set out in the administrator's report on Jan.
7, 2005, 8:25 a.m. at the same venue.

CONTACT:  MARK DIENSTLEISTUNGEN GMBH
          Leostrasse 96, 40547 Dusseldorf

          Contact:
          Recep Kocaman, Manager
          Grullbadstrasse 83, 45661 Recklinghausen

          Horst Piepenburg, Insolvency Manager
          Heinrich-Heine-Allee 20,
          40213 Dusseldorf


M. HELLWEG GMBH: Creditors' Claims Due Later this Month
-------------------------------------------------------
The district court of Saarbrucken opened bankruptcy proceedings
against M. Hellweg GmbH on Oct. 28.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until Dec. 27, 2004 to register their claims with
court-appointed provisional administrator Martin Glasow.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 24, 2005, 8:50 a.m. at the district court of
Saarbrucken Aussenstelle Sulzbach, Vopeliusstrasse 2, 66280
Sulzbach, 2. Etage, Saal 24 at which time the administrator will
present his first report of the insolvency proceedings.  The
court will verify the claims set out in the administrator's
report on the same day at 9:00 a.m. at the same venue.

M. Hellweg rents out automobiles.

CONTACT:  M. HELLWEG GMBH
          Pirminusstrasse 42, 66424 Homburg
          Contact:
          Meinhard Hellweg, Manager

          Martin Glasow, Insolvency Manager
          Hauptstr. 8, 66740 Saarlouis-Beaumarais
          Phone: 06831/7682814
          Fax: 06831/7682810


MODELLMANUFAKTUR BECKER: Provisional Administrator Moves in
-----------------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against Modellmanufaktur Becker GmbH on November 5, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until December 21,
2004 to register their claims with court-appointed provisional
administrator Rudiger Wienberg.

Creditors and other interested parties are encouraged to attend
the meeting on February 2, 2005, 10:15 a.m. at the district
court of Dresden, Olbrichtplatz 1, 01099 Dresden 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:  MODELLMANUFAKTUR BECKER GmbH
          Kerbtalchen 26 in
          01328 Dresden

          Rudiger Wienberg
          Wasastrasse 15
          01219 Dresden
          Web site: http://www.hww-kanzlei.de


NICO HEIDRICH: Sets Deadline for Filing of Claims
-------------------------------------------------
The district court of Flensburg opened bankruptcy proceedings
against Nico Heidrich Heizung Sanitar GmbH on November 12, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until January 19,
2005 to register their claims with court-appointed provisional
administrator Sigrun Romer.

Creditors and other interested parties are encouraged to attend
the meeting on February 9, 2005, 11:25 a.m. at the district
court of Flensburg 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:  NICO HEIDRICH HEIZUNG SANITAR GmbH
          Paulinenallee 17
          24960 Glucksburg
          Nico Heidrich, manager

          Sigrun Romer, Insolvency Manager
          Westerallee 12
          24937 Flensburg


PRODOMIZIL BAUBETREUUNG: Calls First Creditors' Meeting
-------------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against proDOMIZIL Baubetreuung und Handel Aktiengesellschaft on
November 4, 2004.  Consequently, all pending proceedings against
the company have been automatically stayed.  Creditors have
until December 6, 2004 to register their claims with court-
appointed provisional administrator Gunter Tarkotta.

Creditors and other interested parties are encouraged to attend
the meeting on January 26, 2005, 10:00 a.m. at the district
court of Dresden, Olbrichtplatz 1, 01099 Dresden 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:  PRODOMIZIL BAUBETREUUNG UND HANDEL AKTIENGESELLSCHAFT
          Hohe Strasse 27
          01069 Dresden

          Gunter Tarkotta
          Konigsbrucker Str. 61
          01099 Dresden
          Web site: http://www.derra.de


SHG SPEZIALZUGMASCHINEN: Sets Proofs of Claim Deadline
------------------------------------------------------
The district court of Hagen opened bankruptcy proceedings
against SHG Spezialzugmaschinen Handels GmbH on November 15,
2004.  Consequently, all pending proceedings against the company
have been automatically stayed.  Creditors have until December
30, 2004 to register their claims with court-appointed
provisional administrator Rolf Rattunde.

Creditors and other interested parties are encouraged to attend
the meeting on January 20, 2005 at the district court of Hagen,
Haupthaus Neubau, Heinitzstrasse 42, 58097 Hagen, 2nd floor,
room 251 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:  SHG SPEZIALZUGMASCHINEN HANDELS GmbH
          Grundelbusch 3
          58099 Hagen

          Dr. Reiner Deussen, Liquidator
          Kornerstr. 84
          58095 Hagen

          Rolf Rattunde
          Neumarktstr. 2c
          58095 Hagen
          Phone: 02331-7887160
          Fax +4923317887162


SSB SPEZIAL: Creditors' Meeting Set December 22
-----------------------------------------------
The district court of Berlin-Charlottenburg opened bankruptcy
proceedings against SSB Spezial Strassenbau- und
Bodenstabilisierung Berlin GmbH on Nov. 3.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Feb. 23, 2005 to register their
claims with court-appointed provisional administrator Dr.
Christoph Schulte-Kaubrugger.

Creditors and other interested parties are encouraged to attend
the meeting on Dec. 22, 2004, 9:55 a.m. at which time the
administrator will present his first report of the insolvency
proceedings.  The court will verify the claims set out in the
administrator's report on March 23, 2005, 9:30 a.m. at the
district court of Charlottenburg, Amtsgerichtsplatz 1, 14057
Berlin, II. Stock Saal 218.

CONTACT:  SSB SPEZIAL STRASSENBAU- UND BODENSTABILISIERUNG
          BERLIN GMBH
          Vulkanstr. 13,10367 Berlin

          Dr. Christoph Schulte-Kaubrugger, Administrator
          Genthiner Str. 48, 10785 Berlin


TIEFURTER BAU: Creditors' Claims Due January 17
-----------------------------------------------
The district court of Erfurt opened bankruptcy proceedings
against Tiefurter Bau GmbH on Nov. 3.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until Jan. 17, 2005 to register their claims with
court-appointed provisional administrator Carsten Bloss.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 31, 2005, 8:30 a.m. at the district court of
Erfurt, im Justizzentrum, Rudolfstr. 46, 99092 Erfurt 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:  TIEFURTER BAU GMBH
          Udo Seidel, Manager
          Langer Weg 10/12, 99425 Tiefurt

          Carsten Bloss, Insolvency Manager
          Charlottenstr. 7, 99096 Erfurt


VSD GESELLSCHAFT: Names Kurt Brandel Provisional Administrator
--------------------------------------------------------------
The district court of Esslingen opened bankruptcy proceedings
against VSD - Gesellschaft fur Verkehrs-, Sicherheits- und
Datentechnik mbH on November 4, 2004.  Consequently, all pending
proceedings against the company have been automatically stayed.
The court also appointed Kurt Brandel provisional administrator.

CONTACT:  VSD GESELLSCHAFT FUR VERKEHRS-, SICHERHEITS- UND
          DATENTECHNIK mbH
          An den Kiesgruben 10
          73240 Wendlingen

          Christoph Karl Adelsbach, Manager
          Unterboihinger Str. 14
          73240 Wendlingen

          Kurt Brandel, Insolvency Manager
          Obertorstr. 2
          73728 Esslingen
          Phone: 0711/3969710
          Fax: 0711/3969716


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


ELAN CORPORATION: Closes Tender Offer for EPIL III Notes
--------------------------------------------------------
Elan Corporation, plc and its wholly owned subsidiary, Elan
International Services Ltd. (EIS), have accepted for payment a
total of US$350,971,000 aggregate principal amount of Series B
Guaranteed Notes (PPN: G2954# AB7) and Series C Guaranteed Notes
(PPN: G2954# AC5) issued by Elan's wholly owned subsidiary, Elan
Pharmaceutical Investments III, Ltd. (collectively, the Notes).

This amount includes US$317,406,000 aggregate principal amount
of Notes previously accepted for payment and paid for by EIS and
Elan.  The Notes were tendered and related consents delivered
pursuant to the previously announced cash tender offer by EIS to
purchase up to US$351 million (of $390 million) aggregate
principal amount of Notes and the related consent solicitation
by Elan.  Final settlement is expected to occur Nov. 30.  The
tender offer and consent solicitation expired at 12:00 midnight,
New York City time, on November 26, 2004.

A total of US$372,182,000 aggregate principal amount of Notes
were tendered and related consent delivered.  In accordance with
the terms of the tender offer and consent solicitation, EIS and
Elan accepted for payment, on a pro rata basis, US$350,971,000
aggregate principal amount of Notes for total consideration of
US$357,410,884, plus accrued and unpaid interest to, but not
including, the applicable settlement date.  The total
consideration includes an aggregate early tender premium of
US$4,489,884, paid only for Notes tendered prior to the early
tender deadline at 12:00 midnight, New York City time, on
November 26, 2004, and an aggregate consent payment of
US$1,950,000.  Consent payments were made to all holders of
Notes regardless of whether the holders tendered their Notes or
delivered consents.

As previously announced, as a result of the receipt of the
requisite consents from the holders of the Notes, Elan entered
into an amendment to the guarantee agreement governing Elan's
guarantee of the Notes (the EPIL III Guarantee Agreement) and a
consent agreement under the indenture governing the 6.50%
Convertible Guaranteed Notes issued by Elan Capital Corp. Ltd.
and guaranteed by Elan (the Convertible Note Indenture).  The
amendment to the EPIL III Guarantee Agreement eliminated many of
the restrictive covenants contained in the EPIL III Guarantee
Agreement and the consent agreement under the Convertible Note
Indenture effectively permanently waived compliance with all of
the restrictive covenants contained in the Convertible Note
Indenture that restrict certain activities of Elan and its
subsidiaries without the prior consent of a majority in
aggregate principal amount of the outstanding Notes.

The tender offer and consent solicitation were made solely on
the terms and conditions contained in the Offer to Purchase and
Consent Solicitation Statement, dated October 28, 2004, and
related documents.

Morgan Stanley & Co. Incorporated acted as dealer manager in
connection with the tender offer and solicitation agent in
connection with the consent solicitation.  Questions regarding
the tender offer and consent solicitation should be directed to
Morgan Stanley at (800) 624-1808 (toll free) or (212) 761-1941
(collect), Attention Francesco Cipollone.  The Depositary was
The Bank of New York.

This press release is for informational purposes only and does
not constitute an offer to purchase, or the solicitation of an
acceptance of the tender offer or the consent solicitation with
respect to, the Notes.  The tender offer and consent
solicitation are being made only pursuant to the Tender
Documents.

About Elan

Elan is a neuroscience-based biotechnology company that is
focused on discovering, developing, manufacturing, selling and
marketing advanced therapies in neurodegenerative diseases,
autoimmune diseases and severe pain.  Elan's (NYSE: ELN) shares
trade on the New York, London and Dublin Stock Exchanges.

CONTACT:  ELAN CORPORATION, PLC
          Investor Relations
          Emer Reynolds
          Phone: 353-1-709-4000
                 800-252-3526
          or
          Media Relations
          Anita Kawatra
          Phone: 212-407-5740
                 800-252-3526


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


PARMALAT U.S.A.: Cutting Jobs at Brooklyn Plant
-----------------------------------------------
Parmalat U.S.A. Corporation plans to cut nearly half of its
remaining unionized workforce at its Sunnydale Farms plant in
Brooklyn, according to Newsday.com.

The company, which filed for bankruptcy in Manhattan earlier
this year, informed workers in a letter last month it would axe
60 out of its 130 staff in the plant by Jan. 14 next year.  The
letter was in essence a 60-day notice required by the federal
Worker Adjustment and Retraining Notification Act for companies
planning to close plants or undertake massive job cuts.

Parmalat is a major supplier of fresh milk to supermarkets in
the metropolitan area through its Farmland Dairy subsidiary.  It
previously said it planned to sell its assets.  The operation
suffered after the bankruptcy of Italian parent Parmalat
Finanziaria in December 2003.

CONTACT:  PARMALAT USA CORPORATION
          520 Main Ave.
          Wallington, NJ 07057
          Phone: 973 777 2500
          Fax:   973 777 7648
          Toll Free: 888 727 6252
          Web site: http://www.parmalatusa.com


PARMALAT U.S.A.: Wants Exclusive Filing Period Extended
-------------------------------------------------------
Parmalat U.S.A Corporation and its U.S. debtor-affiliates ask
the U.S. Bankruptcy Court for the Southern District of New York
to extend the period within which:

   * they have the exclusive right to propose and file Chapter
     11 plans to and including January 22, 2005; and

   * they may solicit acceptances of any plans to and including
     March 28, 2005.

                    Lenders Support Extension

Gary T. Holtzer, Esq. of Weil, Gotshal & Manges, LLP in New
York assures the Court that the U.S. Debtors' post-petition
lenders -- General Electric Capital Corporation and Citicorp,
N.A. -- support the requested extension.  GE Capital Public
Finance, Inc., the lessor under the pre-petition Master Lease
Finance Agreement with Farmland Dairies, LLC, which agreement
governs the plant equipment at Farmland's Northeast and Michigan
facilities, also agrees to the proposed extension.

                 GECC Waives November 19 Deadline

The DIP Financing Facility currently provides that if the U.S.
Debtors fail to file a plan acceptable to GECC by Nov. 19, 2004,
or obtain the Court's approval for the disclosure statement by
December 27, 2004, they will no longer be authorized to borrow
funds, use cash collateral, or use any proceeds of their post-
petition loans already received.  Moreover, any obligation of
the Debtors' post-petition lenders to make loans or advances
would be terminated.  Subsequently, GECC has agreed in
principle, subject to documentation, to waive the November 19,
2004, milestone.

               Extension of Exclusivity is Necessary

According to Mr. Holtzer, the U.S. Debtors have made substantive
progress towards their goal of filing a plan that has the
support of their key creditor constituencies.  Farmland, the
Creditors Committee and GE Public Finance have tentatively
reached an agreement on the terms of a reorganization plan for
Farmland.

As for Parmalat U.S.A. Corp. and Milk Products of Alabama,
L.L.C. -- now known as Farmland Stremicks Sub, L.L.C. -- major
elements have already been worked out among the parties, and the
plan and disclosure statement have been drafted and are
currently being reviewed by, among others, the Creditors
Committee, GE Public Finance and the Debtors' post-petition
lenders.

However, the Debtors cannot be certain that the parties-in-
interest will have sufficient time to finish review, comment on,
and negotiate changes to the plan prior to the expiration of the
Exclusive Filing Period.  In addition, in light of the upcoming
holiday season, availability of the Court and the parties-in-
interest will be limited.  The Debtors, therefore, seek an
extension of their Exclusive Periods out of an abundance of
caution.

The Debtors believe that extending the Exclusive Periods will
assure a successful conclusion of their Chapter 11 cases and
avoid the litigation and significant loss of value that is
likely to occur if these Periods were terminated.

Since their chapter 11 filing, the U.S. Debtors have dealt with
a large number of matters on a daily basis, including
stabilizing their businesses and winning back the loyalty of
their suppliers, customers, and employees, and responding to
creditor-initiated legal proceedings and critical operational
issues related to their customers, vendors and certain state
regulatory agencies.  The Debtors also consummated complex
transactions like the sale of substantially all of the assets of
one of the Debtors' businesses.

Moreover, the U.S. Debtors' combined pre-petition assets of
US$335,642,406 and debts of $266,265,795 are sufficiently large
to warrant the modest extension requested.  In addition, due to
their varied locations, the affiliations with a worldwide
organization in the process of its own restructuring, the unique
issues surrounding the three separate U.S. Debtors, and the
numerous players involved, their Chapter 11 cases are complex.
The size and complexity of the U.S. Debtors' Chapter 11 cases
alone constitute sufficient cause to extend the Exclusive
Periods, Mr. Holtzer says.

The U.S. Debtors assure the Court that they are not seeking the
extension to delay the Chapter 11 process for some speculative
event or to pressure creditors to accede to a plan
unsatisfactory to them.  In fact, an extension of the Exclusive
Periods will allow the Debtors to preserve their value by
allowing their creditors the time necessary to carefully
evaluate and negotiate any objections to their plan.  The
Debtors' request is not a negotiation tactic, but merely a
reflection of the fact that their bankruptcy cases are not yet
ripe for the formulation and confirmation of a viable Chapter 11
plan.  To the contrary, the extension of the Exclusive Periods
will permit the plan process to move forward in an orderly
fashion.

The U.S. Debtors also contends that they have no intention of
discontinuing their dialogue with their constituencies.  The
extension of the Exclusive Periods simply recognizes the reality
of the current circumstances and is not being sought as a
strategic device.  It recognizes that additional time is needed
to provide the Debtors with a full and fair opportunity to
propose a confirmable plan.

Judge Drain will convene a hearing on December 8, 2004, to
consider the Debtors' request.  In a bridge order, Judge Drain
extends the U.S. Debtors' Exclusive Periods until the time a
final order is entered.

Headquartered in Wallington, New Jersey, Parmalat U.S.A.
Corporation -- http://www.parmalatusa.com/-- generates more
than EUR7 billion in annual revenue.  The Parmalat Group's 40-
some brand product line includes milk, yogurt, cheese, butter,
cakes and cookies, breads, pizza, snack foods and vegetable
sauces, soups and juices.  The company employs over 36,000
workers in 139 plants located in 31 countries on six continents.
It filed for chapter 11 protection on February 24, 2004 (Bankr.
S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq. and Marcia L.
Goldstein, Esq., of Weil Gotshal & Manges LLP, represent the
Debtors in their restructuring efforts.  On June 30, 2003, the
Debtors listed EUR2,001,818,912 in assets and EUR1,061,786,417
in debts.  (Parmalat Bankruptcy News, Issue No. 37; Bankruptcy
Creditors' Service, Inc., 215/945-7000)

CONTACT:  PARMALAT USA CORPORATION
          520 Main Ave.
          Wallington, NJ 07057
          Phone: 973 777 2500
          Fax:   973 777 7648
          Toll Free: 888 727 6252
          Web site: http://www.parmalatusa.com


VOLARE GROUP: State Drafts Turnaround Expert
--------------------------------------------
The government appointed Tuesday an extraordinary commissioner
for troubled low-cost carrier Volare Group, the Associated Press
says.

Industry Minister Antonio Marzano assigned the post to
turnaround expert Carlo Rinaldi following the approval of a
decree placing the insolvent carrier into administration.  The
decree likewise amended some provisions of the Marzano Law,
which governs extraordinary administration.  The amendments
allow companies with at least EUR300 million of debt and at
least 500 personnel to qualify for the protection of the law.
Volare has incurred around EUR300 million in debts and employs
around 1,400 people.

Volare recently grounded its fleet and suspended ticket sales
due to financial setbacks that include non-payment of lease
charges and the expiry of insurance coverage on its planes.
Ente Nazionale per l'Aviazione Civile (ENAC), the civilian
aviation authority, has suspended the group's license for a
month.

The group declared insolvency, allowing the government to
intervene and place the carrier into administration.  The
government applied a legal procedure similar to that of
collapsed food group Parmalat.  Volare Group is a holding
company composed of Volare Airlines, which takes care of regular
flights; and AirEurope, which operates the group's charter
business.  The group has 24 planes covering 20 routes across
Europe.

CONTACT:  VOLARE GROUP S.p.A.
          Via Pirelli, 20
          20124 Milan
          Phone: (+39) 02 673 631
          Fax: (+39) 02 673 630 90
          Web site: http://www.volare-group.it


VOLARE GROUP: Card Company Promises to Reimburse Ticket holders
---------------------------------------------------------------
Credit card provider CartaSi S.p.A. will refund cardholders who
bought Volare tickets on VolareWeb, Agencia Giornalistica Italia
says.

CartaSi assured it would repay around 10,000 clients who
purchased tickets using Cartasi cards on or before November 19,
when Volare suspended its flights.  The card company said it has
allocated a provisionary amount, which would be reflected in its
November accounts.  The clients would be subjected to "positive
outcome" clause, which means CartaSi could opt to withhold the
refund if the client has availed of the service through other
carrier or VolareWeb.

CartaSi said it has informed around 1,000 clients, who have not
indicated the date of their ticket purchase, to provide the said
data.  The group will evaluate each claim before refunding the
amount.

CONTACT:  VOLARE GROUP S.p.A.
          Via Pirelli, 20
          20124 Milan
          Phone: (+39) 02 673 631
          Fax: (+39) 02 673 630 90
          Web site: http://www.volare-group.it

          CARTASI S.p.A.
          Corso Sempione, 55
          20145 Milano
          Phone: 02.3488.1
          Fax: 02.3488.4180
          Web site: http://www.cartasi.it


===================
L U X E M B O U R G
===================


MILLICOM INTERNATIONAL: Proposed Convertible Bond Rated 'B-'
------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B-' senior
unsecured debt rating to the proposed US$175 million to US$200
million convertible bond offering by Luxembourg-headquartered
emerging markets wireless operator Millicom International
Cellular S.A.  At the same time Standard & Poor's affirmed its
'B+' long-term corporate credit rating and remaining 'B-' senior
unsecured debt ratings on Millicom.  The outlook remains
negative.

The convertible bond offering is part of a proposed combined
convertible and equity offering totaling a potential $400
million, the proceeds of which will primarily be used for
investments in Millicom's existing businesses.  This spending
will include license renewals and network investments, as well
as efforts to potentially increase Millicom's stake in any of
its existing holdings.  The rating on the notes is conditional
upon success of the offering of 8 million Millicom ordinary
shares and receipt of equity funds totaling about US$200
million.

"Given the importance and size of cash flows from Millicom's
Vietnam-based operation, it is crucial for the rating that the
company successfully negotiates terms with its Vietnamese
partner and continues operating in Vietnam, following the
expiration in the second quarter of 2005 of its current business
cooperation agreement with the Vietnamese government," said
Standard & Poor's credit analyst Michael O'Brien.

It is also expected that, in addition to any funds from the
current proposed funding transaction, future financing of its
operation in the Socialist Republic of Vietnam (foreign currency
BB-/Stable/B; local currency BB/Stable/B) will essentially
originate from internally generated cash.

Standard & Poor's considers recent clarifications relating to
license payments for its operations in the Islamic Republic of
Pakistan (foreign currency B+/Stable/B; local currency
BB/Stable/B) as positive, given that it provides some regulatory
visibility and has allowed the company to commence GSM services.
Nevertheless, license payments and network investments are
likely to significantly constrain free cash flow generation in
Pakistan for the time being.

On a positive note, US$108 million of cash was upstreamed in the
first nine months of 2004 via dividends or loan repayments to
the holding company, assisted by positive cash flow generation
at the operating level.  In addition, Standard & Poor's
considers Millicom's performance to be broadly in line with
expectations.

"We remain concerned regarding the visibility of conditions for
the renewal of the company's joint-venture agreement in Vietnam,
specifically regarding the potential related costs and the
structuring of these costs," said Mr. O'Brien.  "Adverse
outcomes could materially affect the company's current balance
sheet structure and its ability to upstream cash flow from these
operations, which would have a negative effect on the ratings."

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
          Group E-mail Address
          CorporateFinanceEurope@standardandpoors.com

          MILLICOM INTERNATIONAL CELLULAR S.A.
          Marc Beuls
          President and Chief Executive Officer
          Phone:  +352 27 759 327
          Web site: http://www.millicom.com

          ANDREW BEST
          Investor Relations
          Telephone:  +44 20 7321 5022


TEKSID ALUMINUM: Third-quarter Operating Result Heads South
-----------------------------------------------------------
TK Aluminum Ltd., the indirect parent of Teksid Aluminum
Luxembourg S.a.r.l., SCA, on Nov. 30, 2004 released its
unaudited consolidated financial results for Q3 2004 and for the
nine-month period ending September 30, 2004.

Starting with Q3 2004, the Company reported EBITDA differently
then in the past.  Following this release is a table showing the
differences between our method of calculating EBITDA as
previously reported and the one used to calculate EBITDA for Q3
and subsequent periods.  Also following this release is a
reconciliation of net loss to EBITDA and reconciliation of
EBITDA to adjusted EBITDA.

Net revenues totaled EUR207.3 million in the third quarter of
2004, a 2% increase over the consistent period in 2003. At
constant foreign exchange rates net revenue in Q3 would have
been EUR216.5 million, showing an increase of EUR13.1 million
compared to the same period of prior year.

For the nine months ending September 30, 2004, net revenues were
EUR677 million, approximately even with the corresponding period
in 2003 of EUR676.1 million.  Higher unit volume was offset by
lower tooling revenue, lower selling prices and by unfavorable
foreign exchange rate reflecting the strength of the Euro versus
the U.S. dollar.  At constant foreign exchange rates net revenue
for the nine-month period would have been EUR708.7 million, an
increase of EUR32.6 million compared to the same period of prior
year.

Adjusted EBITDA was EUR19.8 million in Q3 2004, or 9.6% of net
revenues, compared to EUR18.7 million, or 9.2% of net revenues,
in the corresponding period of 2003.  For the nine months ending
September 30, 2004, adjusted EBITDA was EUR53.3 million, or 7.9%
of net revenues, compared to EUR58.8 million, or 8.7% of net
revenues, in the corresponding period of 2003.  Adjusted EBITDA
is EBITDA adjusted for the effect of unusual and non-operating
items.  For the nine months ended September 30, 2004 Adjusted
EBITDA is EBITDA adjusted for certain management costs paid
subsequent to our acquisition, financing and separation costs
which included professional services costs related to audits for
historical periods, early retirement expenses associated with
special programs partially subsidized by the French government
and early retirement programs in Italy, severance expenses and
certain unusual maintenance expenses.

Operating loss was EUR3.1 million in Q3 2004 versus an operating
income of EUR3.5 million in the corresponding period of 2003.
For the nine months ending September 30, 2004, reported
operating loss equaled EUR3.9 million for the nine-month period
versus an operating income of EUR12.9 million in the
corresponding period of 2003.

The positive impact of increased volumes and cost reductions in
the third quarter were partially offset by negative mix, reduced
pricing, lower tooling profits and operating inefficiencies at
certain plants.  For the nine-month period ending September 30,
2004, the decrease in Adjusted EBITDA versus 2003 was due to
substantial volume increase more than offset by the effect of a
price dispute now resolved with a significant customer in North
America, a loss resulting from rapid changes in the price of the
aluminum alloy not passed through to our customers due to lag
time in our pass through pricing mechanisms, operating
inefficiencies at certain plants, reduced tooling profit, a
negative shift in the mix of products sold, and price decreases
which have not been fully offset by production efficiency.

Including EUR65.3 million of cash and cash equivalents, net debt
at September 30, 2004 amounted to EUR258.4 million, a EUR12.7
million increase from December 31, 2003.  This increase is
primarily due to seasonal increases in working capital, and a
EUR10.7 million decrease from September 30, 2003.  At September
30, 2004, total shareholders equity equaled EUR137.4 million.

Net capital expenditures in Q3 2004 were EUR10.6 million and for
the nine-month period ended September 30, 2004 totaled EUR35.1
million compared to EUR31.0 million in 2003.  Approximately
EUR4.4 million of capital expenditures in the nine-month period
ending September 30, 2004 were related to items for which the
Company expects to be reimbursed by Teksid S.p.A. under the
terms of the purchase agreement.

As of September 30, 2004 the Company was in compliance with its
covenants under its Senior Credit Agreement.

On November 8, 2004 Standard & Poor's took its "Credit Watch"
off and raised its long-term corporate credit rating on the
Company to "CCC+" from "CCC" and the long-term rating on the
guaranteed EUR240 million senior unsecured notes to "CCC-" from
"CC".

Terry Bernander, President and C.O.O., has communicated his
intention to resign from the Company, for personal reasons,
effective November 30, 2004.  Mr. Bernander agreed to assist the
Company in the transition period.  Jake Hirsch, C.E.O., will
assume the position of President and C.O.O. on an interim basis.

Results are unaudited and have been presented in accordance with
accounting principles generally accepted in the United States.
TK Aluminum Ltd. Unaudited Condensed Consolidated Financial
Statements for the nine-month period ended September 30, 2004
are available at http://www.teksidaluminum.com.

About Teksid Aluminum

Teksid Aluminum is a leading independent manufacturer of
aluminum engine castings for the automotive industry.  Our
principal products include cylinder heads, cylinder blocks,
transmission cases and suspension components.  We operate 15
manufacturing facilities in Europe, North America, South America
and Asia.  Information about Teksid Aluminum is available at
http://www.teksidaluminum.com.

Until September 2002, Teksid Aluminum was a division of Teksid
S.p.A., which was owned by Fiat.  Through a series of
transactions completed between September 30, 2002 and November
22, 2002, Teksid S.p.A. sold its aluminum foundry business to a
consortium of investment funds led by equity investors that
include affiliates of each Questor Management Company, LLC,
JPMorgan Partners, Private Equity Partners SGR S.p.A. and AIG
Global Investment Corp.  As a result of the sale, Teksid
Aluminum is owned by its equity investors through TK Aluminum
Ltd., a Bermuda holding company.

On July 17 2003, Teksid Aluminum Luxembourg S.a.r.l., SCA issued
EUR240 million aggregate principal amount of senior notes due in
2011.  The notes were sold to qualified institutional buyers in
the United States pursuant to Rule 144A of the U.S. securities
laws and to persons outside United States pursuant to Regulation
S of the U.S. securities laws.  The proceeds of the sale were
used to repay amounts borrowed to finance the acquisition of
Teksid Aluminum and pay certain fees and expenses.

Reconciliation of net income (loss) to Adjusted EBITDA

Adjusted EBITDA is a supplemental measure of our performance
that is not required by, or presented in accordance with U.S.
GAAP.  Furthermore, Adjusted EBITDA should not be considered as
an alternative to net income (loss) or any other performance
measures derived in accordance with U.S. GAAP, or to cash flows
from operating activities as a measure of liquidity.

The following is a reconciliation of net loss to Adjusted
EBITDA:

                         Nine-month       Nine-month
                         period ended     period ended
(in millions of euro)   Sept. 30, 2004   Sept. 30, 2003
(unaudited)

Net loss                   EUR(31.5)        EUR (26.2)
Depreciation and
amortization                   43.3               40.2
Interest (income) expenses
(including debt issuance
costs), net                    30.9               33.6
Income tax (benefit) expense   (1.7)              (1.3)

EBITDA                          41.0              46.3

Foreign exchange (gain) losses  (2.5)              7.7
Other (income) expenses          0.9              (0.9)

Reported EBITDA                                   53.1

Adjustments to EBITDA:
Transaction and separation
costs      [a]                     -               2.8

Early retirement
expenses   [b]                    2.2              1.2

Severance
employees
expenses   [c]                    2.3                -

Other
expenses   [d]                    4.6              1.7

Unusual and other
non-recurring
items      [e]                     4.8                -

Adjusted EBITDA                EUR53.3          EUR58.8

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
[a] Adjustment to eliminate (i) severance costs paid subsequent
to the acquisition of the Aluminum Division and (ii)
acquisition, financing, and separation costs.  Acquisition,
financing, and separation costs included professional services
costs related to the stand-alone audits of historical periods,
implementation of corporate treasury and accounting systems and
legal expenses.

[b] Adjustment to eliminate expenses associated with early
retirement programs partially subsidized by the French
government totaling EUR1.5 million.  The voluntary programs have
been offered to eligible workers between the ages of 55 and 60.
Between 2002 and 2005, we intend to replace workers who elect to
participate in the program with lower-wage workers.  Teksid
S.p.A. has agreed to reimburse us for the first EUR8.5 million
of payments made by us under the programs.  We expect that this
will be sufficient to cover our costs under that plan.
Additionally, EUR0.7 million refers to early retirement programs
activated in Italy.

[c] Adjustment to eliminate the impact of severance expenses
related to terminated executives in Italy and France.

[d] Adjustment to eliminate the impact of expenses that are
reimbursed by Teksid S.p.A. under the purchase agreement.

[e] Adjustment to eliminate the impact of additional accrual
made by the Company in the third quarter 2004 in respect of
developments in negotiations with an important customer
regarding a quality related issue, which is recorded in the P&L
report under "Unusual and other non-recurring items".

CONTACT:  TK ALUMINUM LTD.
          Demetrio Mauro
          Chief Financial Officer
          Phone: +39-011-979-4784

          Massimiliano Chiara
          Finance Manager
          Phone: +39-011-979-4889

          Domenico Orlandi
          Senior Vice President and General Counsel
          Phone: +39-011-979-4875


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


AIR HOLLAND: Former Executives Linked to Illegal Drugs Trade
------------------------------------------------------------
Two directors of bankrupt Air Holland have been arrested in
relation to allegations the company received illegal drugs money
to sustain operations, Expatica reports.

The executives were identified as former chief executive Cees
van Dormael and former financial director Paul Gruythuysen.
Their capture brings to seven the number of people arrested amid
allegations that the airline was used to set up a drugs route
between the Netherlands, the Netherlands Antilles and Suriname.

Police raided the homes of the suspects after the discovery of
at least 633 kg. of cocaine at Rotterdam Port several months
ago.  The raid discovered a total of EUR50,000 and a firearm,
according to the report.  Newspaper De Telegraaf said a
spokesman for the public prosecution has confirmed the arrests.

The suspects allegedly worked for a Hague resident, who is now
detained in Brazil after being caught possessing 50,000 ecstasy
pills on September 11.  The EUR25 million allegedly earned by
the drug dealing is believed to have been invested into Air
Holland.   It has been ruled out, however, that the company's
planes were used for drug smuggling.   Air Holland went bust in
April 2004 under a EUR30 million debt.  It was later bought by
Dutch entrepreneur Erik de Vlieger.


GETRONICS N.V.: PinkRoccade Offer Preparations on Track
-------------------------------------------------------
As required by section 9g paragraph 1 sub a of the Dutch
Securities Supervision Decree, Getronics and PinkRoccade confirm
that they are making good progress with the preparations for the
intended recommended public offer by Getronics for all
outstanding shares of PinkRoccade.

As previously indicated, Getronics expects to actually make the
offer in the course of December 2004 or in January 2005, subject
to the timing of, inter alia, the consents and regulatory
approvals, including from the Dutch competition authority, and
finalization of works council procedures, confirmatory due
diligence and financing documentation.

For further details and background of the envisaged transaction,
reference is made to the joint press release issued by
PinkRoccade and Getronics on 1 November, 2004.

About Getronics

With approximately 22,000 employees in over 30 countries and
ongoing revenues of EUR2.4 billion, Getronics is one of the
world's leading providers of vendor independent Information and
Communication Technology (ICT) solutions and services.
Getronics today combines the capabilities of the original Dutch
company with those of Wang Global, acquired in 1999, and of the
systems and services division of Olivetti.

Getronics designs, integrates and manages ICT infrastructures
and business solutions for many of the world's largest global
and local companies and organizations, helping them maximize the
value of their information technology investments.  Getronics'
headquarters are in Amsterdam, with regional offices in Boston,
Madrid and Singapore.

Getronics' shares are traded on Euronext Amsterdam (GTN).  For
further information about Getronics, visit
http://www.getronics.com.

About PinkRoccade

With 7,100 staff (September 2004), and EUR0.7 billion in
revenues (2003) PinkRoccade is one of the largest ICT service
providers in the Netherlands.  PinkRoccade enhances its clients'
business processes with intelligent and efficient ICT technology
applications at a strategic, operational and administrative
level, thereby enabling its clients to concentrate on their core
activities.  Organizations that work with information-intensive
processes, such as the public sector, financial service
providers, industry and care providers, will find in PinkRoccade
an experienced and reliable partner.  PinkRoccade shares are
traded on Euronext Amsterdam (PINK).

                            *   *   *

This is a joint press release of Getronics N.V.  Not for
release, publication or distribution, in whole or in part, in or
into the United States, Canada, Australia or Japan.  This
announcement and related materials do not constitute an offer
for ordinary shares in PinkRoccade, but is an announcement as
referred to in section 9g paragraph 1 sub a of the Dutch
Securities Supervision Decree (Besluit Toezicht Effectenverkeer
1995), which requires Getronics to make a public announcement
within 30 days after the initial joint press release of 1
November 2004.

Getronics reported net result of -EUR9 million for the year to
October.  Net result for full year 2004 is expected to be
positive.

In July, Standard & Poor's Ratings Services assigned its 'B+'
senior secured debt rating and a recovery rating of '4' to the
new EUR175 million (US$216 million) credit facilities of
Getronics (B+/Positive/--).

The facilities comprise a EUR100 million revolving credit
facility and a EUR75 million acquisition facility, both maturing
in 2007.  The bank loan has been rated 'B+', the same level as
the corporate credit rating on the group because, despite the
loan's secured status, recovery expectations are less than 100%
in the event of default.

CONTACT:  GETRONICS N.V.
          Media Relations
          Phone: +31 20 586 1581
          Fax: +31 20 586 1455
          E-mail: media@getronics.com

          Investor Relations
          Phone: +31 20 586 1964
          Fax: +31 20 586 1455
          E-mail: investor.relations@getronics.com

          PinkRoccade
          Media Relations
     Phone: + 31 79 347 1347
     Fax: + 31 79 347 1343

          Investor Relations
          Phone: + 31 79 347 1347
          Fax: + 31 79 347 1343


ROYAL SHELL: Sets Timetable for 'Unification'
---------------------------------------------
Background

On 28 October 2004, the Boards of N.V. Koninklijke Nederlandsche
Petroleum Maatschappij (RD) and the  'Shell' Transport and
Trading Company, Public Limited Company (ST&T) announced their
unanimous agreement to propose to their shareholders the
unification of the Royal Dutch/Shell Group of Companies under a
single parent company, Royal Dutch Shell plc.

Transaction Timetable

The preparation of definitive proposals and the required
extensive documentation for the Transaction are progressing,
along with required employee consultations.  Draft shareholder
documentation is being prepared for submission to regulators in
the Netherlands, the United Kingdom and the United States.
Internally, preparations are underway to implement the new
governance and structure upon completion of the Transaction.

As announced on 28 October 2004, the review of proved oil and
gas reserves is continuing on schedule, and to the extent
possible, the remaining proved reserves that have not yet
received detailed review will be audited prior to the end of
2004.  Also as announced on 28 October, this review may require
a restatement of previous periods to allocate revisions to the
year concerned.

The proved reserves information and its effects on the Group's
historical financial statements will also be subject to
regulatory review prior to publication.  Should restatements of
previous periods be required, publication of the Group's
financial statements for 2004 would be delayed.

The shareholder documents relating to the Transaction are
required to include the Group's 2004 financial statements.
Therefore, any delay in publishing those financial statements
would also result in delays in the publication of the
Transaction documents.

Given this potential for delay and to avoid uncertainty for
shareholders, the Annual General Meetings (AGMs) of RD and ST&T
will now be held on 28 June 2005.  The parent companies envisage
that the Transaction will be voted on by shareholders at
meetings on that day, with the Transaction expected to be
completed in July.

Fourth Quarter 2004 Results and Dividends

Fourth quarter 2004 results, including an update on proved
reserves and on the timetable of the Transaction, are expected
to be announced on 3 February 2005.  The second interim dividend
is also expected to be announced on this date, and it is
expected that the dividend will be paid in March 2005, as
confirmed on 3 November 2004.

It is also intended that a quarterly dividend will be paid in
respect of the first quarter of the 2005 financial year.   That
dividend is expected to be declared with the first quarter
results announcement and paid in June by RD and ST&T to their
respective shareholders.

                            *   *   *

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
INTO CANADA OR JAPAN

Joint Announcement by N.V. Koninklijke Nederlandsche Petroleum
Maatschappij (RD) and the  'Shell' Transport and Trading
Company, Public Limited Company (ST&T)

This announcement is also made on behalf of Royal Dutch Shell
plc pursuant to article 9(g) (1) (c) of the Dutch Decree on the
supervision of the securities trade.

CONTACT:  ROYAL SHELL
          Media
          Stuart Bruseth
          Phone: +44 20 7934 6238

          Simon Buerk
          Phone: +44 20 7934 3453
          Bianca Ruakere
          Phone: +44 20 7934 4323

          Netherlands
          Herman Kievits
          Phone: +31 70 377 8750

          Investors
          U.K.
          David Lawrence
          Phone: +44 20 7934 3855
          Gerard Paulides
          Phone: +44 20 7934 6287

          Europe
          Bart van der Steenstraten
          Phone: +31 70 377 3996

          USA
          Harold Hatchett
          Phone: +1 212 218 3112


===========
N O R W A Y
===========


PETROLEUM GEO-SERVICES: Q3, 9-month Results Up Year-on-year
-----------------------------------------------------------
Petroleum Geo-Services A.S.A. (OSE: PGS; OTC: PGEOY) announced
on Nov. 30, 2004 its unaudited third quarter 2004 results under
Norwegian generally accepted accounting principles (Norwegian
GAAP).

              Quarter ended     Nine months ended   Year ended
               September 30,    September 30,       December 31,


(In millions   2004      2003    2004       2003       2003
of dollars)  Unaudited Unaudited Unaudited Unaudited   Audited
                                                      (Restated)

Revenue      $ 308.3    $ 258.6  $ 838.2    $ 851.0    $ 1,120.7
Operating
profit (loss)   74.6       38.8    134.7     (130.4)     (645.3)
Net income
(loss)          28.2        0.8      1.4     (288.3)     (817.2)
Adjusted
EBITDA (A)     140.7      115.9    339.3      377.1       479.1
Cash
investment
in multi-
client (B)     (11.9)     (22.1)  (37.7)      (82.0)      (91.5)
Capital
expenditures
(C)            (41.0)      (6.2)  (103.4)     (32.8)      (57.7)
Cash Flow
Post Investment
(Defined as
A+B+C)         $87.8      $87.6   $198.2     $262.3      $329.9

Svein Rennemo, PGS Chief Executive Officer, commented: "Third
quarter reflects significant improvement in revenues and
financial performance both sequentially and year-on-year.  All
of our business units reported improved financial performance
from the preceding quarter.  Despite this clear improvement, we
are not yet satisfied with the profitability and return on
capital for all our operations.  Notably, we continue to pursue
improved returns for Marine Geophysical.

Our cash generation for the quarter was good, with cash flow
from operations of US$135.3 million and a US$74.3 million
increase in cash balances.

Despite negative impact from the labor conflict on the NCS and
the damaged main riser on the Varg field, we expect to deliver a
Cash Flow Post Investment for 2004 in line with US$231 million
forecasted in our Business Plan disclosed last year, both
including and excluding Pertra.

In November we finalized the re-audit of our historical U.S.
GAAP financial statements, thereby re-establishing a sound basis
for communication to the financial markets and a re-listing of
our ADSs in the U.S. "

                          Q3 Highlights

PGS group

(a) Completed and filed the 2003 Form 20-F on November 16, 2004;

(b) Revenues of US$308.3 million, up US$49.7 million (19%)
    compared to Q3 2003;

(c) Adjusted EBITDA of US$140.7 million, up US$24.8 million
    (21%) from Q3 2003;

(d) Operating profit of US$74.6 million, up US$35.8 million
    (92%) from Q3 2003;

(e) Net income of US$28.2 million compared to US$0.8 million in
    Q3 2003;

(f) Improvement in revenues, Adjusted EBITDA and operating
    profit largely driven by strong improvement in Pertra and
    Production as a result of increased oil production from the
    Varg field and improved Petrojarl Varg production contract;

(g) Favorable cash flow from operations, US$135.3 million and
    ending cash balance of US$151.5 million (excluding
    restricted cash of US$45.1 million), up US$74.3 million from
    June 30, 2004.

Marine Geophysical

(a) Contract revenues and margins significantly improved from
    first half of 2004;

(b) Continued strong order backlog into the winter season of
    US$95 million compared to US$115 million at the end of Q2;

(c) Multi-client sales in line with Q3 last year but at modest
    levels due primarily to seasonality.

Onshore

(a) Continued strong operational performance;

(b) High activity in the U.S. market with full crew schedule
    into April 2005;

(c) Significant new opportunities in Eastern Hemisphere
    Order backlog going into Q4 of 2004 - US$68 million.

Production

(a) Significantly increased revenues on Petrojarl Varg due to
    increased production and improved production contract;

(b) Slightly lower production on Petrojarl Foinaven due to
    planned maintenance shutdown and expected natural field
    production decline;

(c) Lower production on Petrojarl I due to expected field
    production decline and impact of labor conflict from
    September 12 into October.

Pertra

(a) Increased oil production at favorable prices;

(b) Successful enhanced oil recovery (EOR) drilling program on
    schedule;

(c) Process initiated to explore broader ownership solutions to
    facilitate Pertra growth strategy.

                             Outlook

Fourth Quarter 2004

(a) Continued focus on contract market in Marine Geophysical

    (i) Slightly weaker contract margins and more vessel
        steaming expected in Q4 due to seasonality,

   (ii) Strong multi-client late sales in Q4 assuming Brazil 6th
        round awards finalized as expected,

  (iii) Minimum amortization of US$15.5 million in addition to
        sales related amortization expected in Q4;

(b) Onshore reduced activity into Q4 because Mexico work was
    reduced from two to one crew during Q3;

(c) For Production, Petrojarl Foinaven oil production expected
    to increase in Q4.  Revenues on Petrojarl I and Ramform
    Banff are expected to be relatively unchanged in Q4;

(d) Varg production shut down October 13 to October 26, due to a
    labor conflict on NCS followed by a damaged main production
    riser November 5, will significantly affect Pertra revenues
    and revenues on the Petrojarl Varg FPSO;

(e) Expected to meet US$231 million Cash Flow Post Investment
    (Defined as adjusted EBITDA less CAPEX and cash investment
    in multi-client) for 2004 forecasted in previously disclosed
    Business Plan.

Longer Term

(a) Pertra and Production affected by Varg riser problem until
    riser is replaced, expected March 2005;

(b) Marine Geophysical contract demand and margins improved
    going into 2005;

(c) Natural field decline will affect revenues of several of the
    FPSOs.

CONTACT:  PETROLEUM GEO-SERVICES
          Ola Bosterud
          Svein T. Knudsen
          Sam R. Morrow
          Phone: +47 6752 6400

          Suzanne M. McLeod
          Phone: +1 281-589-7935


STOLT OFFSHORE: Wins US$90 Million Worth of North Sea Deals
-----------------------------------------------------------
Stolt Offshore S.A. (NasdaqNM: SOSA; Oslo Stock Exchange: STO)
won three contracts totaling approximately US$90 million for the
Northern Europe and Canada Region.

A US$30 million contract has been awarded for the tie-in of
various subsea valves and structures in the Norwegian sector of
the North Sea.  The offshore work will take place in 2006.

A US$25 million contract has been signed for pipelay and
construction work in the Danish Sector of the North Sea
involving the installation of one 12-inch diameter pipeline of
18 km. in length together with a power cable.

A contract valued at approximately US$35 million has been signed
for the tie-in and commissioning of various pipelines to
manifolds, platforms and subsea isolation valves and the
installation of in-field pipelines in the U.K. sector of the
North Sea.

The installation work on the latter two contracts will be
undertaken by the Seaway Falcon in 2005.

Oyvind Mikaelsen, Vice President Northern Europe and Canada
Region said: "These three awards reinforce our pre-eminent
position as a leading contractor in all national sectors of the
North Sea.  In its maturity, the North Sea continues to provide
substantial, complex and high value engineering and construction
opportunities."

CONTACT:  STOLT OFFSHORE S.A.
          Julian Thomson
          Fiona Harris
          Phone: (U.K.) +44 1224 718436
          Phone: (U.S.) +1 877 603 0267 (toll free)
          E-mails: julian.thomson@stoltoffshore.com
                   fiona.harris@stoltoffshore.com

          BRUNSWICK GROUP
          Patrick Handley (U.K.)
          Ellen Gonda (U.S.)
          Phone: (U.K.) +44 207 404 5959
          Phone: (U.S.) +1 212 333 3810
          E-mails: phandley@brunswickgroup.com
                   e.gonda@brunswickgroup.com


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


AGRO-COMBINE RUSICH: Stavropol Court Appoints Insolvency Manager
----------------------------------------------------------------
The Arbitration Court of Stavropol region has commenced
bankruptcy proceedings against Agro-Combine Rusich after finding
the limited liability company insolvent.  The case is docketed
as A63-270/2003-S5.  Mr. N. Mikhnev has been appointed
insolvency manager.  Creditors have until December 29, 2004 to
submit their proofs of claim to 356300, Russia, Stavropol
region, Aleksandrovskoye, Main Post Office, Post User Box 7.

CONTACT:  AGRO-COMBINE RUSICH
          357077, Russia, Stavropol region,
          Yankul, Krasnyj Per. 22

          Mr. N. Mikhnev
          Insolvency Manager
          356300, Russia, Stavropol region, Aleksandrovskoye,
          Main Post Office, Post User Box 7


BELOVO-AGRO-TRANS: Declared Insolvent
-------------------------------------
The Arbitration Court of Kemerovo region has commenced
bankruptcy proceedings against Belovo-Agro-Trans after finding
the open joint stock company insolvent.  The case is docketed as
A27-5038/2004-4.  Ms. A. Zakharova has been appointed insolvency
manager.  Creditors have until December 29, 2004 to submit their
proofs of claim to 653052, Russia, Kemerovo region, Prokopyevsk,
10th location, 13, Apartment 16.

CONTACT:  BELOVO-AGRO-TRANS
          Russia, Kemerovo region, Belovo, Inskoy

          Ms. A. Zakharova
          Insolvency Manager
          653052, Russia, Kemerovo region,
          Prokopyevsk, 10th Location, 13, Apartment 16


EYSK-MILK: Sets Public Auction January
--------------------------------------
Eysk-Milk' will sell its properties on Jan. 5, 2005, 12:00 noon.
The public auction will take place at Russia, Krasnodar region,
Eysk, Kommunisticheskaya Str. 16.

The assets for sale are:

(a) Hangar.  Starting price: RUB320,000;

(b) Oven.  Starting price: RUB350,000;

(c) Brick Factory.  Starting price: RUB300,000

Preliminary examination and reception of bids are done daily
from 8:00 a.m. to 5:00 p.m. (except on weekends).  The list of
documentary requirements is available at Russia, Krasnodar
region, Eysk, Kommunisticheskaya Str. 16.  To participate,
bidders must deposit an amount equivalent to 2% of the starting
price to the settlement account 407028108000000000502 at CJSC
ACB GAZBANK branch in Eysk, correspondent account
30101810300000000780, BIC 040393780, TIN 2306005465.

CONTACT:  EYSK-MILK
          Russia, Krasnodar region, Eysk,
          Kommunisticheskaya Str. 16
          Phone/Fax: (86132) 4-76-58


GNEZDOVO: Public Auction of Assets Next Week
--------------------------------------------
The bidding organizer of OJSC Gnezdovo will sell its properties
on Dec. 10, 2004, 2:00 p.m. (Moscow time).  The public auction
will take place at 214034, Russia, Smolensk, Gnezdovo location.
Up for sale is a property complex with building materials.
Starting price: RUB160,000,000.

Preliminary examination and reception of bids are done from
12:00 noon to 3:00 p.m. until Dec. 8, 2004.  The list of
documentary requirement is available at 117218, Russia, Moscow,
Kedrova Str. 14, Building 1, Office 415.  To participate,
bidders must deposit an amount equivalent to 10% of the starting
price to the settlement account 40702810759190102218,
correspondent account 30101810000000000632 at Smolenskoye OSB
#8609, Smolensk, BIC 046614632, TIN/KPP 6729006770/672901001 on
or before Dec. 6, 2004.

CONTACT:  GNEZDOVO
          214034, Russia, Smolensk, Gnezdovo
          Phone: (0812) 42-52-85
          Fax: 124-57-65

          The bidding organizer
          117218, Russia, Moscow,
          Kedrova Str. 14, Building 1, Office 415


MOVABLE MECHANIZED: Succumbs to Insolvency
------------------------------------------
The Arbitration Court of Ivanovo region has commenced bankruptcy
proceedings against Movable Mechanized Column #372 after finding
the open joint stock company insolvent.  The case is docketed as
A1182/1-B.  Mr. A. Runtsov has been appointed insolvency
manager.  Creditors have until December 29, 2004 to submit their
proofs of claim to 155800, Russia, Ivanovo region, Kineshma,
Sotsialisticheskaya Str. 25, Apartment 8.

CONTACT:  MOVABLE MECHANIZED COLUMN #372
          155800, Russia, Ivanovo region, Kineshma,
          Vichugskaya Str. 140-A

          Mr. A. Runtsov
          Insolvency Manager
          155800, Russia, Ivanovo region, Kineshma,
          Sotsialisticheskaya Str. 25, Apartment 8

          The Arbitration Court of Ivanovo region
          153022, Russia, Ivanovo,
          B. Khmelnitskogo Str. 59-B


OKHTINSKAYA GARMENT: Deadline for Proofs of Claim Set
-----------------------------------------------------
The Arbitration Court of Sakhalin region has commenced
bankruptcy proceedings against Okhtinskaya Garment Factory (TIN
6506001384) after finding the open joint stock company
insolvent.  The case is docketed as A59-3889/04-S9.  Mr. V.
Semenyak has been appointed insolvency manager.

Creditors have until December 29, 2004 to submit their proofs of
claim to:

(a) Insolvency Manager
    694496, Russia, Sakhalin region,
    Okha, Post User Box 224

(b) The Arbitration Court Of Sakhalin Region
    693000, Russia, Yuzhno-Sakhalinsk,
    Kommunisticheskiy Pr. 24

(c) Okhtinskaya Garment Factory
    694490, Russia, Sakhalin region,
    Okha, Lenina Str. 2-A


REGION-AGRO-PROM: Declared Insolvent
------------------------------------
The Arbitration Court of Khabarovsk region has commenced
bankruptcy proceedings against Region-Agro-Prom after finding
the limited liability company insolvent.  The case is docketed
as A73-3843/2004-036.  Ms. O. Serkina has been appointed
insolvency manager.  Creditors may submit their proofs of claim
to 680028, Russia, Khabarovsk, Komsomolskaya Str. 101.

CONTACT:  Ms. O. Serkina
          Insolvency Manager
          680028, Russia, Khabarovsk,
          Komsomolskaya Str. 101


RUBIKON: Hires V. Strizhkov as Insolvency Manager
-------------------------------------------------
The Arbitration Court of Chelyabinsk region has commenced
bankruptcy proceedings against Rubikon after finding the open
joint stock company insolvent.  The case is docketed as A76-
8168/04-55-13.  Mr. V. Strizhkov has been appointed insolvency
manager.  Creditors may submit their proofs of claim to 454021,
Russia, Chelyabinsk, Pobedy Pr. 380-44.

CONTACT:  RUBIKON
          Russia, Chelyabinsk region, Troitsk

          Mr. V. Strizhkov
          Insolvency Manager
          454021, Russia, Chelyabinsk,
          Pobedy Pr. 380-44


TUSHINSKAYA HOSIERY: Moscow Court Appoints Insolvency Manager
-------------------------------------------------------------
The Arbitration Court of Moscow has commenced bankruptcy
proceedings against Tushinskaya Hosiery Factory after finding
the close joint stock company insolvent.  The case is docketed
as A40-4933/04-95-5B.  Mr. M. Kotov has been appointed
insolvency manager.

CONTACT:  TUSHINSKAYA HOSIERY FACTORY
          125373, Russia, Moscow,
          Vasiliya Petushkova Str. 8

          Mr. M. Kotov
          Insolvency Manager
          123557, Russia, Moscow 557,
          Post User Box 11


UCHALINSKIY FACTORY: Creditors' Claims Due Later this Month
-----------------------------------------------------------
The Arbitration Court of Bashkortostan republic has commenced
bankruptcy proceedings against Uchalinskiy Factory Of Wood
Mechanical Engineering after finding the open joint stock
company insolvent.  The case is docketed as A-07-6958/04-G-FLE.
Mr. R. Abdrakipov has been appointed insolvency manager.
Creditors have until December 29, 2004 to submit their proofs of
claim to 453700, Russia, Bashkortostan republic, Uchaly, Lenina
Str. 48a, Apartment 32.

CONTACT:  UCHALINSKIY FACTORY OF WOOD MECHANICAL ENGINEERING
          453700, Russia, Bashkortostan republic,
          Uchaly, Energetikov Str. 27

          Mr. R. Abdrakipov
          Insolvency Manager
          453700, Russia, Bashkortostan republic,
          Uchaly, Lenina Str. 48a, Apartment 32


===============
S L O V E N I A
===============


NOVA KREDITNA: Individual Rating Affirmed at 'C/D'
--------------------------------------------------
Fitch Ratings affirmed Nova Kreditna banka Maribor's ratings at
Long-term 'A-', Short-term 'F2', Individual 'C/D' and Support
'1'.  The Outlook on the Long-term rating is Stable.

NKBM's Long-term, Short-term and Support ratings are derived
from the potential support from its sole owner, the Slovenian
state, in case of need.  NKBM is the largest fully state-owned
bank in Slovenia and the second largest in Slovenia overall in
terms of banking assets.

The Individual rating reflects NKBM's retail franchise, sound
credit profile and improving profitability.  It also considers
the bank's relatively high cost base, exposure to risk from
equity investments and the risks arising from acquiring the
Slovenian postal bank, Postna Banka Slovenije (PBS).

In September 2004, NKBM acquired a 55% stake in PBS.  The
acquisition was paid for by a SIT1.8 billion theoretical capital
injection from the state into NKBM, equivalent to the amount the
latter paid the state for PBS.  The acquisition will give NKBM
access to the Slovenian Post Office's national branch network
and will boost its market share by 1.5% to 13.4%.  NKBM hopes to
improve PBS' weak performance by boosting cross-selling to PBS'
large customer base and cutting overheads as well as by
transferring its IT and risk management systems.  Nevertheless,
the exact impact of the acquisition is as yet unclear.

Through the parent bank and its subsidiaries, NKBM is involved
in insurance, leasing, fund management, pensions, real estate
development, brokerage and loan workout.

CONTACT:  FITCH RATINGS
          Rosalie Pinkney, CFA, Barcelona
          Phone: +34 93 323 8400

          Tim Beck, London
          Phone: +44 (0) 20 7417 3460

          Media Relations:
          Campbell McIlroy, London
          Phone: +44 20 7417 4327

          Nova Kreditna banka Maribor d.d., Maribor
          Vita Kraigherja 4, 2505 Maribor
          Phone: +386 (0)2 / 22 92 290
          Fax: +386 (0)2 / 25 24 333
          E-mail: info@nkbm.si
          Web site: http://www.nkbm.si


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


3I EUROPEAN: Calls EGM to Vote on Liquidation
---------------------------------------------
Introduction

In accordance with the announcement made 5 November 2004, the
Board of 3i European Technology Trust plc announced on Friday
that it has decided to convene an Extraordinary General Meeting
to be held at 11.00 a.m. on Monday 20 December 2004 at the
offices of 3i plc, 91 Waterloo Road, London SE1 8XP at which it
will be proposed that the Company commences voluntary
liquidation.  A circular containing full details of the
Liquidation has been sent to all shareholders.

Background

On 7 July 2004, 3i Group plc announced an intention to sell its
quoted fund management business.  On 23 July 2004, it was
announced that, after representations from holders of the
ordinary shares of 10p each in the capital of the Company, the
Board was proposing and recommending a tender offer for up to
50% of the Shares at net realized value (after costs, including
realization costs) and that 3i had undertaken to acquire
sufficient Shares for it to hold, if the tender offer was fully
subscribed, 24% of the share capital in issue at its completion.

The Board also announced that it was in discussions with 3i in
relation to a potential change in the investment management
arrangements.

On 17 August 2004, the Board announced that a circular
containing full details of the tender offer had been sent to
Shareholders and that the Board expected, in the absence of any
realistic alternative, to bring forward proposals for the
liquidation of the Company if it was not possible to conclude
suitable management arrangements satisfactory to all parties
within a reasonable period following completion of the tender
offer.  3i had by this time already acquired all the Shares
required pursuant to the earlier undertaking.

On 9 September 2004, the Board announced the approval of the
tender offer and that, amongst other matters, discussions were
at an advanced stage with an appropriate third party management
house with a view to that house taking over the investment
management of the Company.

On 8 October 2004, the Board announced that conditional
agreement had been reached for the appointment of DWS Investment
Trust Managers Limited, the investment trust management arm of
Deutsche Asset Management, as investment manager to the Company.

Unfortunately, the Board was subsequently informed, as announced
on 27 October 2004, that, following changes to the senior
management structure of Deutsche Asset Management, DWS was
unable to proceed with arrangements for the transfer of the
Company's investment management to DWS on the agreed terms.

Throughout these developments and discussions the Board's
concern had been to ensure, if at all possible, continuity of
management by the individuals who have been responsible for the
Company's recent good performance and to satisfy itself that
Shareholders' interests would not be prejudiced.

Following the 27 October 2004 announcement, the Board met on a
number of occasions to consider the future of the Company.  On 5
November 2004, after, inter alia, taking account of the views of
major shareholders, the Board concluded and announced that, as
indicated in the circular of 17 August 2004, the Board had no
option but to propose that the Company commences voluntary
liquidation.

The Board considered whether to offer a roll-over into another
investment vehicle with a similar mandate but concluded there
was likely to be insufficient demand to justify the additional
costs, not least given that few Shareholders will have any
material exposure to United Kingdom capital gains tax as a
result of the Liquidation.  Shareholders may, of course, invest
the proceeds received from the Liquidators as they choose.

The decision by the Board was taken with great reluctance,
especially in the light of the Company's strong and consistent
performance since the current investment management team came
together under Pierre-Andre Boutin on 21 November 2002.  Between
then and 24 November 2004 (the last practicable day before the
dispatch of this document), the Company's Net Asset Value rose
by 62.1% compared to a rise in the benchmark index, the FTSE eTX
Innovation Index (sterling adjusted), of 43.3%.  The Company
also had the best Net Asset Value performance in its sector in
the twelve months to 31 October 2004. (Source:AITC).  The Board
wishes to record its appreciation to Pierre-Andre and his team,
Catriona Hamilton and Nitesh Patel, for delivering these
results.

The formal notice convening the Extraordinary General Meeting,
which is to be held at 11.00 a.m. on Monday, 20 December 2004 at
the offices of 3i plc, 91 Waterloo Road, London SE1 8XP is set
out in the Circular.  At that meeting, a special resolution will
be proposed that the Company commence liquidation and appoint
Patrick Joseph Brazzill and Margaret Elizabeth Mills of Ernst &
Young LLP as its liquidators, followed by an extraordinary
resolution, which will transfer certain powers to the
Liquidators that may assist the liquidation process.

Liquidation

If the Resolutions are approved, the portfolio will be realized
and the cash proceeds used by the Liquidators to settle all the
outstanding liabilities of the Company.  Once the liabilities
(including the expenses of the Liquidation) have been settled,
the balance will be distributed pro rata to the Shareholders on
the register when it closes, at 5.30 p.m. on Friday, 17 December
2004.

The Liquidators may make interim distributions if satisfied that
the cash retained after any interim distribution is sufficient
to meet all outstanding actual and contingent liabilities of the
Company.  The Liquidators will be retaining a sum of GBP40,000
as a reserve against unrecorded liabilities, with any unutilized
balance being included in the final distribution to
Shareholders.

The Manager has advised the Board that it considers that most of
the portfolio should be capable of realization, if the
Liquidation commences on 20 December 2004, in a manner that will
permit an initial distribution representing the bulk of the sums
that will be received by Shareholders as a result of the
Liquidation, to be paid before the end of January 2005.  The
Board is recommending that the Liquidators appoint the Manager
to undertake the realization of the portfolio and has instructed
the Manager to seek to realize the more illiquid holdings in
advance of the Extraordinary General Meeting, although the cash
and cash equivalent securities in the portfolio are not to
exceed 20% of the Net Asset Value prior to the Liquidation
commencing.

The Liquidators may hold the Liquidation open pending the
outcome of the test case brought by the AITC and JPMorgan
Fleming Claverhouse Investment Trust plc with regard to the VAT
treatment of fees relating to the management of investment
trusts.  Should the claimants succeed in the litigation,
management fees would be treated as exempt from VAT and the
Company and other investment trusts may be able to recover
certain amounts in respect of VAT payments.  Any sums so
recovered would be distributed, net of expenses, to the
Shareholders.

It must be appreciated that there can be no guarantee as to the
timing or amount of any distribution, as this will depend on the
progress of the Liquidation.

If the Resolutions are not approved by the requisite 75%
majority of votes cast, the Company will continue in existence.
The Manager has not given notice to terminate the Management
Agreement, which specifies that a minimum period of 12 months'
notice must be given.  If the Manager gives such notice, the
Directors will endeavor to conclude new management arrangements
before the end of the notice period.

Dealings and Settlement

The Register will be closed at 5.30 p.m. on 17 December 2004 and
the Shares will be disabled in CREST at 6.00 p.m. on 17 December
2004.  Transfers received after that time will be returned to
the person lodging them.  Application will be made to the U.K.
Listing Authority for dealings in Shares to be suspended on the
Official List of the UKLA at 7.30 a.m. on 20 December 2004.  The
last day for dealings in Shares on the London Stock Exchange for
normal rolling three-day settlement will be 14 December 2004.

After the final distribution by the Liquidators, the Company
will be dissolved and certificates in respect of Shares will
cease to be of value with any credit in respect of Shares in any
stock account in CREST redundant.  It is expected that the
listing of the Shares will be cancelled no later than 12 months
after the Liquidation commences.

Expenses

The direct costs (excluding the Liquidators' o40,000 retention
and the costs of portfolio realization) incurred in relation to
the Liquidation, including financial advice, other professional
advice and the Liquidators' charges, are estimated to amount to
GBP240,000, inclusive of VAT, representing 0.72% of the Net
Asset Value as at 24 November 2004.

The Manager has estimated that, based on current market
conditions, portfolio realization costs should not exceed 5% of
the Net Asset Value.  However, the actual realization costs and
the percentage they represent of Net Asset Value will depend on
the prevailing circumstances at the time of each realization and
could be materially less, as was the case for the realizations
made to fund purchases of Shares by the Company under the tender
offer.  Those realizations took place at a time of strong demand
for technology stocks, both generally and for certain specific
holdings of the Company.  There can be no assurance whatsoever
as to the conditions, nor as to the level of the realization
costs, when the realizations take place.

The Manager has agreed that, if the Resolutions are approved,
the Management Agreement will immediately terminate, with the
Manager receiving no compensation or formal notice of
termination.  The Manager has also indicated a willingness to
manage the realization of the portfolio if fee arrangements
similar to the existing arrangements (exclusive of performance
fee) can be agreed with the Liquidators.  The Directors' fees
will cease when the Liquidators are appointed and no payments
for loss of office will be made.

General

Words and expressions used in this document bear the same
meaning as those defined in the Circular dated 26 November 2004.

The full text of the Circular will be available for inspection
at the UKLA Document Viewing Facility, 25 The North Colonnade,
Canary Wharf, London E14 5HS.

26 November 2004

CONTACT: 3I EUROPEAN TECHNOLOGY TRUST PLC
         Patrick Gifford, Chairman
         Phone: 020 7625 3090

         DRESDNER KLEINWORT WASSERSTEIN LIMITED
         Financial Advisor to the Company
         Contact:
         Andrew Zychowski
         Phone: 020 7623 8000


A D BUILDING: Hires Begbies Traynor as Liquidator
-------------------------------------------------
At the extraordinary general meeting of the A D Building
Supplies Limited on Nov. 16, 2004 held at The Bonnington Hotel,
92 Southampton Row, London WC1B 4BH, the subjoined extraordinary
resolution to wind up the company was passed.  Lloyd Biscoe of
Begbies Traynor, The Old Exchange, 234 Southchurch Road,
Southend on Sea, Essex SS1 2EG has been appointed liquidator for
the purpose of such winding-up.

CONTACT:  BEGBIES TRAYNOR
          The Old Exchange, 234 Southchurch Road
          Southend-on-Sea SS1 2EG
          Phone: 01702 467255
          Fax: 01702 467201
          E-mail: southend@begbies-traynor.com
          Web site: http://www.begbies.com


ATBARA TW: Special Winding up Resolution Passed
-----------------------------------------------
At the extraordinary general meeting of the Atbara TW Limited
On Nov. 12, 2004 held at 27 Eaton Mews, North London SW1X 8AS,
the special resolution to wind up the company was passed.
Andreas Georgiou Kakouris, of 43 Blackstock Road, London N4 2JF
has been appointed liquidator for the purpose of such winding-
up.


AUCTIONWORLD: Business for Sale
-------------------------------
The Joint Administrators, Philip long and Brian Hamblin, offer
for sale as a going concern the business and assets of
AuctionWorld Limited (in administration).

Principal features:

(a) TV Shopping Channel Platform;

(b) Two studios at Teddington;

(c) Systems for customer interaction on live TV;

(d) Annual turnover over GBP30 million;

(e) Large database; and

(f) Leasehold premises at Waltham Cross

CONTACT:  PKF
          Farringdon Place
          20 Farringson Road
          London EC1M 3AP

          Brian Hamblin
          Phone: 020 7065 0000


CANARY WHARF: Owner Considers Divesting Assets
----------------------------------------------
Parts of Canary Wharf are likely to be sold or refinanced in the
near future, The Telegraph reports.

Canary wharf has offered several buildings in the market to take
advantage of buoyant prices for commercial property in London
and of several interests from institutional investors.

John Garwood, Canary Wharf's company secretary, confirmed the
plan, but declined to identify which buildings could be sold.
He said a number of British and German investors are interested
in the properties.  Investment bankers have been appointed to
handle the transaction, according to him.

A consortium led by Morgan Stanley bought the office park four
months ago.  The business lost GBP51.9 million after tax last
year.

CONTACT:  CANARY WHARF GROUP PLC
          1 Canada Sq., Canary Wharf
          London E14 5AB, United Kingdom
          Phone: +44-20-7418-2000
          Fax: +44-20-7418-2222
          Web site: http://www.canarywharf.com


CANNON HILL: Top Honcho Receives Eight-year Ban
-----------------------------------------------
A director of an information technology services business that
failed with debts of more than GBP2 million has been
disqualified in the High Court of Justice from acting as a
company director for eight years.

William Grant Hall, 51, of Hallam Street, London W1, was a
director of Cannon Hill Limited and Cannon Hill Consulting
Limited (CHC) which both carried on business from premises at 77
Grays Inn Road, London WC1X 8TS, and Scapa Consulting Limited,
which carried on business from premises at 12-16 Clerkenwell
Road, London EC1M 5PQ.

CHC was placed into liquidation on February 25, 2002 with
estimated debts of GBP1,375,583 owed to its creditors.  Cannon
Hill was placed into liquidation on October 30, 2002 with
estimated debts of GBP384,161 owed to its creditors.  Scapa was
placed into administration on October 13, 2003 with estimated
debts of GBP247,950 owed to creditors.

The Disqualification Order, made on November 15, 2004, prevents
Mr. Hall 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.

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 found by the court, not disputed by Mr.
Hall, were that:

(a) CHC

    (i) He caused CHC to trade in breach of its obligations and
        to the detriment of the Crown by failing to pay the
        monthly PAYE and NIC deductions due to Inland Revenue.
        The amount owed to the Inland Revenue increased from
        GBP160,990 to GBP899,737 at the date of liquidation;

   (ii) CHC failed to settle its VAT liabilities in full from
        February 2001 and the amount owed to HMCE increased from
        GBP292,518 to GBP440,522; and

  (iii) He caused CHC to pay him an excessive salary at a time
        when the Crown departments were not being paid and the
        amount due to the Crown was increasing.  The annual
        gross salary from the year ended April 2001 was
        GBP95,833 and this was increased to GBP124,000 in the
        last 10 months of trading.

(b) Cannon Hill

    (i) He caused Cannon Hill to trade in breach of it statutory
        obligation and to the detriment of creditors by failing
        to pay the monthly PAYE and NIC deductions due to the
        Revenue leaving an outstanding sum of GBP316,820 at the
        date of liquidation;

   (ii) he caused Cannon Hill to obtain credit of GBP37,261 from
        trade creditors in September 2002 at a time when he knew
        or ought to have known that the company was insolvent;
        and

  (iii) although the salary of GBP106,137 should produce a net
        salary of GBP54,187 he caused Canon Hill to pay him
        GBP98,775 which is without explanation and excessive,
        and was paid at a time when Crown departments were not
        being paid.

(c) Scapa

    (i) Prior to the date of administration he caused Scapa to
        trade in breach of its statutory obligations and to the
        detriment of Inland Revenue in that he failed to
        register a PAYE scheme with the Inland Revenue; and

   (ii) Payroll records show that despite deducting PAYE and NIC
        from employees' salaries, Scapa failed to pay them to
        the Revenue leaving an outstanding sum of GBP125,981
        whilst at the same time he caused Scapa to pay himself
        excessive remuneration of GBP109,000.

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


CDE SOLUTIONS: Parent Calls in Liquidators
------------------------------------------
The Board of Enition announces that it trading subsidiary, CDE
Solutions Limited, is to be placed into liquidation by its board
on 9 December 2004.  Enition itself, as the holding company, is
not being placed into liquidation.

CDE has been unable to secure sufficient sales of its Real
Enterprise Solution (RESolution) technology for the Directors of
Enition to want to continue to fund CDE.  This decision has left
the board of CDE with no option other than to appoint
liquidators.

Further announcements will be made in due course.

CONTACT:  ENITION PLC
          Anthony Leon, Chairman
          Phone: 07801 232 768

          SEYMOUR PIERCE
          Jonathan Wright/Jeremy Porter
          Phone: 020 7107 8000


CITY VEHICLE: Extraordinary Winding up Resolution Passed
--------------------------------------------------------
At the extraordinary general meeting of the City Vehicle
Contracts Limited on Nov. 23, 2004 held at Bridgestones, 125-127
Union Street, Oldham, Greater Manchester OL1 1TE, the
extraordinary resolutions to wind up the company were passed.
Jonathan Lord of Bridgestones, 125-127 Union Street, Oldham OL1
ITE has been appointed as liquidator of the company for the
purpose of such winding-up.

CONTACT:  BRIDGESTONES
          125-127 Union Street,
          Oldham OL1 ITE


DAWSON INTERNATIONAL: To Pay 40p for Each GBP1 Loan Stock
---------------------------------------------------------
On 18 Oct., the Company announced its intention to issue
Redemption Notices to Stockholders holding GBP1,000 or more
(Qualifying Stockholders) of the Company's zero coupon,
convertible, secured, redeemable Loan Stock 2009 in respect of
the early redemption of GBP4.0 million of the Loan Stock
(Tranche 1) in accordance with the conditions of the Loan Stock.

Redemption of Tranche 1 will be at a total cash cost to the
Company of approximately GBP4.3 million, comprising GBP4 million
of Loan Stock and approximately GBP300,000 in respect of the
accrued premium.  In respect of each Qualifying Stockholder,
approximately 40p of Loan Stock will be repaid for every GBP1 of
Loan Stock held as at 26 November 2004.  In addition, there will
be paid to Qualifying Stockholders an accrued premium at an
annual rate of 15% from issue of the Loan Stock until 14
December 2004, being the date fixed by the Company as the date
on which redemption will occur.

Redemption Notices will shortly be sent to each Qualifying
Stockholder in accordance with the conditions of the Loan Stock.
Each Redemption Notice will specify the amount due to be paid to
the relevant Qualifying Stockholder.

The Redemption Notices will advise that each Qualifying
Stockholder must, not later than the Redemption Date, deliver to
the Company at its registered office a certificate(s) for its
Loan Stock which is due to be redeemed, so that the
certificate(s) can be cancelled.  Upon such delivery, the
Company will pay to such Qualifying Stockholder the amount
payable to effect such redemption.

Qualifying Stockholders who hold their Loan Stock in CREST will
be advised to input an unmatched stock event instruction to
settle on or before the Redemption Date.

Certificates for the balance of the Loan Stock held following
redemption will be issued to Qualifying Stockholders following
the Redemption Date.

In accordance with the conditions of the Loan Stock, no transfer
of any of the Loan Stock held by Qualifying Stockholders and to
be redeemed will be permitted from the issue of this
Announcement until immediately after the Redemption Date.

The Company announces that the register of Loan Stock is
temporarily closed from the date of this Announcement until
immediately after the Redemption Date or such other date as the
Company may specify.

CONTACT:  DAWSON INTERNATIONAL
          Mike Hartley, Chairman
          Phone: 07711 734631
          Web site: http://www.dawson-international.co.uk


DECO MARBLE: Calls in Liquidator from Elloit, Woolfe & Rose
-----------------------------------------------------------
At the extraordinary general meeting of the Deco Marble &
Granite Ltd. on Nov. 17, 2004 held at the offices of Elliot,
Woolfe & Rose, 1st Floor, Equity House, 128-136 High Street,
Edgware, Middlesex HA8 7TT, the subjoined extraordinary
resolution to wind up the company was passed.  Melvyn L. Rose of
Elliot, Woolfe & Rose, 1st Floor, Equity House, 128-136 High
Street, Edgware, Middlesex HA8 7TT has been appointed liquidator
for the purpose of such winding-up.

CONTACT:  ELLIOT, WOOLFE & ROSE
          1st Floor, Equity House,
          128-136 High Street, Edgware, Middlesex HA8 7TT
          Phone: 020 8952 0707
          Fax: 020 8952 2332
          E-mail: advice@ewr.co.uk
          Web site: http://www.ewr.co.uk


DESIGNED STORAGE: Names David Horner & Co Administrator
-------------------------------------------------------
David Anthony Horner (IP No 008956) has been appointed
administrators for Designed Storage Solutions Limited.  The
appointment was made Nov. 19, 2004.

The company supplies and installs racks.  Its registered office
address is located at David Horner & Co, 11 Clifton Moor
Business Village, James Nicolson Link, York YO30 4XG.

CONTACT:  DAVID HORNER & CO.
          Kelham House, Kelham Street,
          Doncaster DN1 3RE
          Phone: 01302 760329
          Web site: http://www.davidhornerandco.co.uk


DIAMETRICS MEDICAL: Hires Liquidator from Valentine & Co.
---------------------------------------------------------
At the extraordinary general meeting of the Diametrics Medical
Limited on Nov. 22, 2004 held at the offices of Valentine & Co.,
4 Dancastle Court, 14 Arcadia Avenue, London N3 2HS, the
extraordinary and ordinary resolutions to wind up the company
were passed.  Mark S. Reynolds of 4 Dancastle Court, 14 Arcadia
Avenue, London N3 2HS has been appointed liquidator for the
purpose of such winding-up.

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


FINMATICA LIMITED: Follows Fate of Italian Parent
-------------------------------------------------
Allan Graham of KPMG Corporate Recovery has been appointed joint
administrator to Birmingham based IT business Finmatica Limited
following the collapse of the company's holding company
Finmatica S.p.A. in Italy.

Finmatica turns over GBP5 million per annum and it has 75
employees based in Aston, Birmingham.  It supplies software and
supply chain management related products to a blue chip customer
base.  The business also generates royalty revenue from overseas
subsidiaries in Australia and the U.S.

Andy McGill, Director for KPMG in Birmingham said: "The business
has a well established blue chip customer base but has been held
back during 2004 following the severe problems its parent
company has faced in Italy.

"We plan to continue to trade the business and are we are
optimistic a buyer will be found.  Given the historical
profitability of the business and its well respected name in the
market place we would expect there to be considerable interest
in the company."

CONTACT:  KPMG
          Judith Dow, Corporate Communications
          Phone: 0207 694 8584
          Mobile: 07786 197 718
          E-mail: Judith.dow@kpmg.co.uk

          KPMG Press Office
          Phone: 0207 694 8773


F P C INSPECTION: Names PKF Liquidator
--------------------------------------
At the extraordinary general meeting of the members of the F P C
Inspection Limited on Nov. 22, 2004 held at PKF, Sovereign
House, Queen Street, Manchester M2 5HR, the extraordinary and
ordinary resolutions to wind up the company were passed.  Kerry
Bailey and Jonathan Newell of PKF, Sovereign House, Queen
Street, Manchester M2 5HR have been appointed joint liquidators
for the purpose of such winding-up.

CONTACT:  PKF
          Sovereign House,
          Queen Street, Manchester M2 5HR
          Phone: 0161 8325481
          Fax:   0161 8323849
          E-mail: info.manchester@uk.pkf.com
          Web site: http://www.pkf.co.uk


GARDENS & BEYOND: Hires Liquidator from SPW Poppleton & Appleby
---------------------------------------------------------------
At the extraordinary general meeting of the members of the
Gardens & Beyond (Highgate) Ltd. on Nov. 23, 2004 held at Gable
House, 239 Regents Park Road, London N3 3LF, the extraordinary
and ordinary resolutions to wind up the company were passed.  S.
G. Taylor has been appointed liquidator for the purpose of such
winding-up.

CONTACT:  SPW Poppleton & Appleby
          Gable House
          239 Regents Park Road, London N3 3LF


GUARDION SECURITY: Appoints Liquidator from PKF
-----------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

       IN THE MATTER OF Guardion Security Systems Limited
                        (In Liquidation)

I, Bryan A Jackson, Chartered Accountant, PKF, Accountants and
business advisors, 78 Carlton Place, Glasgow, G5 9TH, hereby
give notice that I was appointed Liquidator of Guardion Security
Systems Limited by a Resolution of a Meeting of Creditors, duly
convened and held in 78 Carlton Place, Glasgow, G5 9TH, under
the terms of Section 138 of the Insolvency Act 1986 and Rule
4.12 of the Insolvency (Scotland) Rules 1986, on 15th November
2004.

No Liquidation Committee was formed at this Meeting.

I hereby give notice that, under Rule 4.18 of the Insolvency
(Scotland) Rules 1986, I do not intend to summon a further
Meeting for the purpose of establishing a Liquidation Committee.
However, under the terms of Section 142(3) of the Insolvency Act
1986, I am required to call such a Meeting if requested to do so
by one-tenth in value of the Company's creditors.

Bryan A Jackson, Liquidator

November 12, 2004

CONTACT:  PKF
          78 Carlton Place
          Glasgow G5 9TH
          Phone: 0141 4295900
          Fax: 0141 4295901
          E-mail: info.glasgow@uk.pkf.com
          Web site: http://www.pkf.co.uk


HAZELBEACH LTD: Final Meeting of Members Set End of Month
---------------------------------------------------------
The final meeting of the members of the Hazelbeach Ltd. will be
on Dec. 29, 2004 commencing at 10:00 a.m.  It will be held at
Critchleys, Greyfriars Court, Paradise Square, Oxford OX1 1BE.

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 Critchleys, Greyfriars Court, Paradise Square, Oxford OX1
1BE not later than 12:00 noon, Dec. 28, 2004.

CONTACT:  CRITCHLEYS
          Greyfriars Court,
          Paradise Square, Oxford OX1 1BE
          Phone: +44 (0) 1865 261100
          Fax:   +44 (0) 1865 261201
          E-mail: Oxford@critchleys.co.uk
          Web site: http://www.critchleys.co.uk


IMATION RESEARCH: Names Moore Stephens Liquidator
-------------------------------------------------
At the extraordinary general meeting of the Imation Research
Ltd. on Nov. 18, 2004 held at 3-5 Rickmansworth Road, Watford,
Hertfordshire WD18 0GX, the following resolutions to wind up the
company were passed.  Steven Draine and David Rolph of Moore
Stephens Corporate Recovery have been appointed as joint
liquidators of the company for the purpose of the voluntary
winding-up.

CONTACT:  MOORE STEPHENS CORPORATE RECOVERY
          Beaufort House
          94-96 Newhall Street, Birmingham B3 1PB
          Phone: 0121 233 2557
          Web site: http://www.moorestephens.co.uk


J R J DISTRIBUTION: Final Meeting Set Third Week of December
------------------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

            IN THE MATTER OF J R J Distribution Ltd.
                       (In Liquidation)

Notice is hereby given pursuant to section 146 of the Insolvency
Act 1986 that a final meeting of the creditors of J R J
Distribution will be held at 1 Royal Terrace, Edinburgh, EH7 5AD
on December 21, 2004 at 10:00 a.m. for the purposes of receiving
the Liquidator's report on the winding up and to determine
whether the Liquidator should be released.

K. R. Craig, Liquidator

CONTACT:  TENON RECOVERY
          One Royal Terrace
          Edinburgh EH7 5AD
          Phone: 0131 557 4455
          Fax: 0131 556 0662
          E-mail: edinburgh@tenongroup.com
          Web site: http://www.ey.com


J SAINSBURY: Buys JB Beaumont Stores
------------------------------------
J Sainsbury Plc announced Tuesday it has acquired JB Beaumont
Ltd., a long established neighborhood convenience store operator
with six stores in the East Midlands ranging from 2,220 sq. ft.
to 5,100 sq. ft.

For the financial year ended May 29, 2004, JB Beaumont's
turnover was GBP13 million and the value of net assets acquired
were GBP1.2 million.

The acquisition follows that of Bells Stores in February and
Jacksons in August and underlines Sainsbury's commitment to grow
sales in its convenience business by GBP400 million by the end
of 2007/08.  In its convenience store portfolio, Sainsbury's
currently has 260 convenience stores, which accounts for just
over 2% of the convenience store market.[1]

The six stores will operate as a separate business unit and will
continue to be run by the current strong management team led by
Louise Beaumont.  Sainsbury's and JB Beaumont will work together
to combine Beaumont's strong local and fresh offer with
Sainsbury's knowledge of convenience foods.

Jim McCarthy, managing director of convenience at Sainsbury's
said: "We are delighted that we have been able to acquire JB
Beaumont Ltd. and increase our presence in the East Midlands.
They have quality stores in good locations and it fits perfectly
with our new convenience strategy to grow our portfolio of
neighborhood convenience stores."

Louise Beaumont, managing director of JB Beaumont Ltd. said: "We
are entering a new and exciting era at Beaumont and this
agreement is in the best long term interests of the business and
staff.  We're delighted to be working alongside Sainsbury's and
this deal will enable us to continue to grow our business,
enhance our customer offer and preserve our local identity."

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
[1] Sainsbury's has 260 convenience stores before the closure of
    12 Locals announced on October 19, 2004.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

JB Beaumont is owned and run by the Beaumont family and one non-
family member and is currently number 48 in the Grocer Top 50.
The company first began trading as a butcher in Kirkby-in-
Ashfield (Nottinghamshire) in 1902.

The six JB Beaumont stores are located in Cotgrave, Bingham,
Keyworth, Long Eaton, Chilwell and Gedling.

All 193 staff will transfer with the business.

CONTACT:  J SAINSBURY PLC
          33 Holborn
          London EC1N 2HT
          Phone: +44-20-7695-6000
          Fax: +44-20-7695-7610
          Web site: http://www.j-sainsbury.co.uk

          Investor relations
          Roger Matthews
          Lynda Ashton
          Phone: +44 (0) 20 7695 7162

          Media Relations
          Pip Wood
          Gilian Taylor
          Phone: +44 (0) 20 7695 6127


KAYE & CO (HUDDERSFIELD): Winding up Resolutions Passed
-------------------------------------------------------
At the extraordinary general meeting of the Kaye & Co
(Huddersfield) Limited on Nov. 23, 2004 held at the offices of
Sargent & Co Limited, 36 Clare Road, Halifax HX1 2HX, the
special, 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.

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


LA DEFENSE: General Meeting Resumes January Next Year
-----------------------------------------------------
The general meeting of the members of La Defense Plc will be on
Jan. 6, 2005 commencing at 11:00 a.m.  It will be held at
Lyndean House, 43-46 Queens Road, Brighton, East Sussex BN1 3XB.

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.


L.D.E. LIMITED: Hires Harrisons as Administrator
------------------------------------------------
P. R. Boyle and J. C. Sallabank (IP Nos 008897, 008099) have
been appointed administrators for L.D.E. Limited.  The
appointment was made Nov. 19, 2004.

The company is engaged in networking solutions.  Its registered
office is located at 4 St Giles Court, Southampton Street,
Reading, Berkshire RG1 2QL.

CONTACT:  HARRISONS
          4 St Giles Court, Southampton Street,
          Reading RG1 2QL
          Phone: 0118 951 0798
          Fax:   0118 939 4409
          E-mail: info@harrisons.uk.com
          Web site: http://www.harrisons.uk.com


MAXPORTAL LIMITED: Liquidator to Present Winding-up Report
----------------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

                IN THE MATTER OF Maxportal Limited
                         (In Liquidation)

Notice is hereby given pursuant to section 146 of the Insolvency
Act 1986 that a final meeting of the creditors of Maxportal
Limited will be held at 1 Royal Terrace, Edinburgh, EH7 5AD on
December 21, 2004 at 10:30 a.m. for the purposes of receiving
the Liquidator's report on the winding up and to determine
whether the Liquidator should be released.

T. C. MacLennan, Liquidator

CONTACT:  TENON RECOVERY
          One Royal Terrace
          Edinburgh EH7 5AD
          Phone: 0131 557 4455
          Fax: 0131 556 0662
          E-mail: edinburgh@tenongroup.com
          Web site: http://www.ey.com


MELLER HOME: Calls in Administrators from David Rubin & Partners
----------------------------------------------------------------
Paul Appleton and Asher Miller (IP Nos 8883, 9251) have been
appointed administrators for Meller Home & Beauty Limited.  The
appointment was made Nov. 18, 2004.  The company assembles home
fragrances and toiletry gifts.

CONTACT:  DAVID RUBIN & PARTNERS
          26-28 Bedford Row, London WC1R 4HE
          E-mail: info@davidhornerandco.co.uk
          Web site: http://www.davidhornerandco.co.uk


MERRYDOWN: Remains Loss-making in First Half
--------------------------------------------
Cider and soft drinks company Merrydown said it will not
distribute dividends as it reported wider loss for the first
half.

The Sussex-based group reported net loss of GBP1.026 million, up
from GBP0.053 million in the same period a year ago.  It said
the loss includes an exceptional loss on termination of the
company's Horam operation of GBP2.19 million.  The figure takes
into account a GBP1.20 million impairment write-down of plant
and machinery.  It said the total costs of closure would likely
come at GBP2.5 million.

The company blamed unfavorable weather in late summer for the
general slump in sale in beverages.  Defying the trend, however,
Shloer, Merrydown's non-alcoholic grape juice drink, reported a
14% rise in sales.

Meanwhile, the company confirmed it is in early discussions,
which may or may not lead to an offer for the business.  It
refused to reveal the identity of its suitor, but analysts have
speculated that AG Barr, Britvic, Interbrew S.A., SABMiller or
Premier Foods could be involved, according to Times Online.


PARKFIELD MIDLANDS: Appoints The P&A Partnership Administrator
--------------------------------------------------------------
Andrew Philip Wood and John Russell (IP Nos 9148, 5544) have
been appointed administrators for Parkfield Midlands Limited.
The appointment was made Nov. 19, 2004.

The company designs and builds construction.  Its registered
office is located at 93 Queen Street, Sheffield S1 1WF.

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


PARKSIDE PERFORMANCE: Hires PwC Administrator
---------------------------------------------
Edward Klempka, Stephen Andrew Ellis and Ian David Stokoe (IP
Nos 5791, 8843, 6587) have been appointed administrators for
Parkside Performance Films Limited.  The appointment was made
Nov. 23, 2004.  The company is engaged in printing.

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


RBP (TC): Names Joint Liquidators from Robson Rhodes
----------------------------------------------------
At the extraordinary general meeting of the RBP (TC) Limited on
Nov. 18, 2004 held at 100 Dudley Road East, Oldbury, West
Midlands B69 3DY, the special, ordinary and extraordinary
resolutions to wind up the company were passed.  Gerald Clifford
Smith and John Neville Whitfield of RSM Robson Rhodes LLP,
Centre City Tower, 7 Hill Street, Birmingham B5 4UU have been
appointed as joint liquidators for the purpose of such winding-
up.

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


REGIS GROUP: Appoints Begbies Traynor Liquidator
------------------------------------------------
At the extraordinary general meeting of the Regis Group
(Nationwide Finn House) Limited on Nov. 19, 2004 held at Regis
Group PLC, 16-18 Warrior Square, Southend-on-Sea, Essex SS1 2WS,
the subjoined special resolutions to wind up the company were
passed.  Lloyd Biscoe of Begbies Traynor, The Old Exchange, 234
Southchurch Road, Southend-on-Sea, Essex SS1 2EG has been
appointed liquidator for the purpose of such winding-up.

CONTACT:  BEGBIES TRAYNOR
          The Old Exchange, 234 Southchurch Road
          Southend-on-Sea SS1 2EG
          Phone: 01702 467255
          Fax: 01702 467201
          E-mail: southend@begbies-traynor.com
          Web site: http://www.begbies.com


RE-ORG 3: Members Final General Meeting Set January
---------------------------------------------------
The final general meeting of the members of Re-Org 3 Limited
(formerly Sony Broadcast Communications Limited)will be on Jan.
12, 2005 commencing at 10:00 a.m.  It will be held at the
offices of BDO Stoy Hayward LLP, Kings Wharf, 20-30 Kings Road,
Reading, Berkshire RG1 3EX.

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.

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


SCORPION VEHICLE: Barclays Bank Appoints PwC Receiver
-----------------------------------------------------
Barclays Bank PLC called in Michael Horrocks and Craig Anthony
Livesey (Office Holder Nos 8026, 9186) administrative receivers
for Scorpion Vehicle Security Systems Limited (Reg No 01876743,
Trade Classification: 19).  The application was filed Nov. 22,
2004.  The company sells motor vehicle security systems.

CONTACT:  PRICEWATERHOUSECOOPERS L.L.P.
          101 Barbirolli Square
          Lower Mosley Street, Manchester M2 3PW
          Phone: [44] (161) 236 9191
          Fax: [44] (161) 247 4000 (ABAS)
                          245 2902/3/6/7 (TLS)
                          245 2910(MCS)
                          245 2905 (FAS)
          Web site: http://www.pwcglobal.com


STERLING WORLDWIDE: Administrators from Menzies Move In
-------------------------------------------------------
Andrew John Duncan and Andrew Gordon Stoneman (IP Nos 9319,
8728) have been appointed administrators for Sterling Worldwide
Limited.  The appointment was made Nov. 12, 2004.

The company is engaged in courier business.  Its registered
office is located at 17-19 Foley Street, London W1W 6DW.

CONTACT:  MENZIES CORPORATE RESTRUCTURING
          17-19 Foley Street
          London W1W 6DW
          Phone: 020 7291 9750
          Fax: 020 7291 9777
          E-mail: mcr@menzies.co.uk
          Web site: http://www.menzies.co.uk


SUNDIAL LEISURE: Sets Creditors Meeting Next Week
-------------------------------------------------
The creditors of Sundial Leisure Limited will meet on Dec. 7,
2004 commencing at 10:00 a.m.  It will be held at BDO Stoy
Hayward LLP, Prospect Place, 85 Great North Road, Hatfield,
Hertfordshire AL9 5BS.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to BDO Stoy Hayward LLP, Prospect Place, 85 Great
North Road, Hatfield, Hertfordshire AL9 5BS not later than 12:00
noon, Dec. 6, 2004.

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


SWISSPORT UK: Sells Logistics Activities
----------------------------------------
The Joint Administrators, Neville Kahn and Nick Dargan, offer
for sale two Swissport U.K. Limited Heathrow (in administration)
cargo handling operations:

(a) Warehousing services for a major international airline at
    Heathrow generating GBP1.8 million in annual turnover with
    40 employees; and

(b) Cargo handling services fro two major international airlines
    at Heeathrow generating GBP1 million in annual turnover with
    11 employees.

CONTACT:  DELOITTE
          Athene Place
          66 Shoe Lane
          London EC4A 3BQ
          Phone: +44 (0) 207 007 2507
          Fax: 44 (0) 207 007 3442

          Tom Keir
          E-mail: tkeir@deloitte.co.uk

          Ian Wormleighton
          E-mail: iwormleighton@deloitte.co.uk


THIRD PARTY: Five-year Ban for Directors Served
-----------------------------------------------
The directors of a supply of business machinery and maintenance
company that failed with total debts estimated at around
GBP885,000 have each been disqualified in the Bristol District
Registry from acting as company directors for 5 years.

Patricia Anne Downes, 47, of Marchwiel Hall Road, Marchwiel,
Wrexham, Clwyd and Victoria Joy Woolf, 43, of Chapel View,
Ellesmere Road, St. Martins, Oswestry, Salop were directors of
Third Party Maintenance Limited (TPML), which carried on
business from premises at Unit 102, Bryn Lane, Wrexham, LL13
9UW.

Third Party Maintenance Limited was placed into voluntary
liquidation on March 15, 2002 with estimated debts of GBP885,223
owed to creditors.

The Disqualification Order, made on October 19, 2004, prevents
Patricia Anne Downes and Victoria Joy Woolf from being directors
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.

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, found by the court with regard to
Patricia Anne Downes and Victoria Joy Woolf, were that:

(a) They caused or allowed TPML to enter into transactions to
    the detriment of its customers by entering into
    finance/lease agreements for new equipment when the
    equipment was not new despite the agreement stating it was

(b) They caused or allowed TPML to trade to the detriment of its
    creditors in that there were instances whereby the original
    lease company debt was not discharged, this led to two lease
    companies both having title to the same goods and the
    customer having to pay two lease agreements for the same
    goods thereby sustaining loss. The losses sustained by
    customers of Third Party Maintenance Limited in this respect
    totaled at least GBP209,453.

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


TIMEBUY LIMITED: Hires Joint Liquidators from Robson Rhodes
-----------------------------------------------------------
At the extraordinary general meeting of the Timebuy Limited on
Nov. 18, 2004 held at 100 Dudley Road East, Oldbury, West
Midlands B69 3DY, the special, ordinary and extraordinary
resolutions to wind up the company were passed.  Gerald Clifford
Smith and John Neville Whitfield of RSM Robson Rhodes LLP,
Centre City Tower, 7 Hill Street, Birmingham B5 4UU have been
appointed as joint liquidators for the purpose of such winding-
up.

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


WACE CORPORATE: Names UHY Hacker Young Administrator
----------------------------------------------------
Andrew Andronikou and Ladislav Hornan (IP Nos 1253, 2059) have
been appointed administrators for Wace Corporate Print Limited.
The appointment was made Nov. 18, 2004.  Its registered office
is located at St Alphage House, 2 Fore Street, London EC2Y 5DH.

CONTACT:  UHY HACKER YOUNG
          St Alphage House,
          2 Fore Street, London EC2Y 5DH
          Phone: 020 7216 4600
          Fax: 020 7638 2159
          Web site: http://www.uhy-uk.com


WAYLAND HOLDINGS: HSBC Bank Appoints Ernst & Young Receiver
-----------------------------------------------------------
HSBC Bank plc called in David K. Duggins and Ian Best (Office
Holder Nos 8324 and 8631) administrative receivers for holding
company Wayland Holdings Limited (Reg No 2544632, Trade
Classification: 38).  The application was filed Nov. 22, 2004.

CONTACT:  ERNST & YOUNG LLP
          No.1 Colmore Square
          Birmingham B4 6HQ
          Phone: +44 [0] 121 535 2000
          Fax:   +44 [0] 121 535 2001
          Web site: http://www.ey.com


                            *********


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.

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