TCREUR_Public/051208.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

           Thursday, December 8, 2005, Vol. 6, No. 243

                            Headlines

C Z E C H   R E P U B L I C

VSEOBECNA ZDRAVOTNI: Parliament to Probe Financial Mismanagement


F R A N C E

ALSTOM SA: To Sign EUR450 Million Power Plant Deal
ALSTOM SA: Bids for Chinese Railway Contract
LBC HOLDINGS: Reports EUR5.351 Million Loss


G E R M A N Y

BLUM VERWALTUNGS: Under Bankruptcy Administration
DAIMLERCHRYSLER AG: November U.S. Sales Down 3%
DMF-HAUS: Dresden Court Appoints HWW Administrator
D+R IMMOBILIEN: Creditors' Claims Due Later this Month
ENTERTAINMENT FACTORY: Court to Verify Claims April

FLIESEN GMBH: Bochum Company Goes Bust
JENOPTIK AG: Loses Key Board Member to M+W Zander
KU ROHRSANIERUNGS: Court Names Schultze & Braun Administrator
MARSEILLE-KLINIKEN AG: Inks Sale-leaseback Agreement with CIT
NICKEL FENSTER: Claims Filing Deadline December 28

SCHUH-VITRINE: Creditors to Meet February
TBR GMBH: Buero Christ Administrator Takes over
VN VERWALTUNGS: Proofs of Claim Due Next Month


I T A L Y

ALITALIA SPA: Selling Maintenance Unit
IMPREGILO SPA: Wants to Regain Control of Fisia


N E T H E R L A N D S

ROYAL SHELL: Buyback Program Continues
VERSATEL TELECOM: Centaurus Erects Another Obstacle to Tele2 Bid


R U S S I A

ALTAYSKIY TRACTOR: Under Bankruptcy Supervision
CONVERSBANK CJSC: Fitch Assigns Bank Junk Ratings
GALICH-BREAD: Undergoes Bankruptcy Supervision Procedure
HOUSE BUILDING: Calls in Insolvency Manager
INOKAR: Perm Court Opens Bankruptcy Proceedings

ISKRA: Insolvency Manager Takes over Firm
KASYANOVKSIY: Undergoes Bankruptcy Supervision Procedure
KUZBASSKIYE INDUSTRIAL: Bankruptcy Hearing Resumes in Two Weeks
MAGNITOSTROY: Court to Hear Bankruptcy Case Next Year
SULINU-COAL: Claims Filing Period Ends Dec. 22
VOLGO-STEEL-CONSTRUCTION: Under Bankruptcy Supervision
YUKOS OIL: Arrest Warrant for New York Lawyer Out


S W E D E N

CONCORDIA BUS: To Buy back EUR145,000 of 2010 Senior Sub-notes
CONCORDIA BUS: Nimbus Launches Change of Control Offer for Notes


U K R A I N E

DUNAYIVTSI' BROADCLOTH: Declared Insolvent
FARMATSIYA: Creditors' Claims Due Next Week
INVESTOR-POSHUK: Insolvency Manager to Temporarily Run Business
INVEST-UKR: Applies for Bankruptcy Supervision
MELITOPOL' FOOD: Succumbs to Insolvency
MIKRON: Goes into Liquidation
PRESS CENTRE: Court Appoints Insolvency Manager


U N I T E D   K I N G D O M

A.Y. CARS: Files for Liquidation
BUTTERLEY CONSTRUCTION: Winds up After 20 Unprofitable Years
CH GAS: Calls in Joint Liquidators
CITY COOL: Names Benedict Mackenzie Liquidator
CLOCKHOUSE 2: Appoints Liquidator from BDO Stoy Hayward

CLOSURE MOULDS: Goes into Liquidation
CORUS GROUP: Invests GBP153 Million in Netherlands
DARTFORD RENTALS: Calls in Liquidator
DREAM DOORS: Kitchen Fitter Liquidates
E-QUALITAS LIMITED: Liquidator from Crane & Partners Moves in

ESSEX PLANT: Appoints Begbies Traynor Liquidator
F2 LEISURE: Creditors Meeting Set Friday
FEDERAL-MOGUL: Court Okays U.K. Insurance Settlement Pact
FIREWALKER LEISURE: Health Club Liquidates
F&R DUNLOP: Tile Retailer Falls into Administration

GATE GOURMET: Offers Axed Workers Severance, Option to Return
GECKO LTD.: EGM Passes Winding-up Resolution
HI-TEC HANDLING: Creditors Meeting Next Week
HM PRECISION: Calls in Joint Liquidators
HOLDEN MANUFACTURING: Creditors Meeting Set Next Week

JARVIS PLC: Unit Strikes 3-year Supply Deal with Network Rail
LANGBAR INTERNATIONAL: Main Investor Asks Interpol for Help
LONDON & MIDLAND: Calls in PwC Liquidators
PIPE ACQUISITION: S&P Rates Senior Secured Debt CCC+
RANK GROUP: Predicts Lower Second-half Profit

RENTOKIL INITIAL: Completes Sale of Style Conferences
RON DARBY: Names DTE Leonard Curtis Administrator
ROUBI L'ROUBI: Administrators from Tenon Recovery Enter Firm
SAVAGE MANUFACTURING: BDO Stoy Hayward Administrators Move in
SDL (SCOTLAND): Appoints Begbies Traynor Administrator

SEA CONTAINERS: Names Ian Durant Interim Chief Executive
SEWSCAN THREADS: Administrators from Bridgestones Enter Firm
SIMON FINCH: Creditors Meeting Set Next Week
SR GENT: HSBC Bank Appoints PricewaterhouseCoopers Receiver
WIGGINS FAIRFIELD: Sets Creditors Meeting December 14
WYRECROFT LIMITED: Energy Cable Manufacturer Hires Administrator


                            *********


===========================
C Z E C H   R E P U B L I C
===========================


VSEOBECNA ZDRAVOTNI: Parliament to Probe Financial Mismanagement
----------------------------------------------------------------
A parliamentary commission will probe the alleged financial
mismanagement at Vseobecna zdravotni pojistovna Ceske republiky
(The General Health Insurance Company, VZP), Czech Happenings
says.

Voting 128-14, the Chamber of Deputies decided to open an
investigation in April 2006.  The probe is expected to center on
VZP's multi-billion-crown debt.  At the meeting, the opposition
Civic Democratic Party (ODS) proposed that the commission also
look into the legality of the administration order on VZP and
into the role of the Health Ministry in incurring the debt.  The
Chamber, however, rejected both proposals.

Mr. Rath has accused some ODS members of drawing money from VZP.
In turn, the ODS filed several complaints against Mr. Rath,
claiming the health minister was corrupt when he headed the Czech
Doctors' Chamber (CLK).

The Health Ministry placed VZP under forced administration on
Nov. 10 and appointed Antonin Pecenka administrator.  VZP, which
operates on an annual budget of CZK200 billion, has racked up
debt of CZK14 billion, which Mr. Rath has blamed on the poor
performance of Ms. Musilkova.  She is resigning on January 1,
2006.

CONTACT:  VSEOBECNA ZDRAVOTNI POJISTOVNA CESKE REPUBLIKY
          Orlicka 4/2020
          130 00 Praha 3
          Phone: 221 751 111
          E-mail: info@vzp.cz
          Web site: http://www.vzp.cz


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


ALSTOM SA: To Sign EUR450 Million Power Plant Deal
--------------------------------------------------
Alstom S.A. has been selected for the turnkey construction of two
400 MW gas fired GT26 combined cycle power plants in Spain and
associated long-term service and maintenance agreements.  The
corresponding contract, worth more than EUR450 million will be
signed before the end of this month.

Hc energia, a subsidiary of the EDP-Energias de Portugal group,
has chosen ALSTOM to provide the engineering, supply, erection
and commissioning of the plants along with long-term
operation-supervision and maintenance services for the main power
generation equipment within the plants.

One unit will be built at Castejon, Navarra, where hc energia has
another ALSTOM GT26 combined cycle power plant, which has been in
operation for over three years. The other unit will be built at
Soto de Ribera, Asturias.

These new power plants will add 800MW to the capacity of the
ALSTOM GT26 combined cycle power plant fleet in Spain, bringing
the total to 4,000MW.

These latest awards in Spain follow other recent awards for
GT26-based power plants: Modugno, awarded by Energia S.p.A. in
Italy; and Lingen awarded by RWE in Germany.

Patrick Kron, ALSTOM's Chairman and Chief Executive Officer,
said: "This repeat award of a GT26-based power plant by hc
energia clearly demonstrates their satisfaction with ALSTOM
technology and the performance of ALSTOM in running the O&M
contract. The outstanding performance of these turbines, our
strong O&M experience and our ability to build an integrated
power plant, is giving us the competitive edge in the European
market."

                            *   *   *

Headquartered in 25 Avenue Kleber, 75795 Paris Cedex 16, Alstom
S.A. -- http://www.alstom.com-- is a leading maker of power-
generation systems and constructs power plants, rail equipment,
luxury passenger ships, naval vessels, and natural gas tankers.
Other businesses include electrical drives, motors, and
generators.  The group generates around EUR13 billion in annual
revenue and employs more than 70,000 people worldwide.  As of
March 2005, the group has EUR865 million in net loss and EUR1.4
billion in net debt.

CONTACT:  ALSTOM S.A.
          25 Avenue Kleber
          75795 Paris Cedex 16
          Phone: +33-1-47-55-20-00
          Fax: +33-1-47-55-25-99
          Web site: http://www.alstom.com

          Press Relations
          G. Tourvieille/S. Gagneraud
          Phone: +33 1 41 49  27 13
          E-mail: internet.press@chq.alstom.com

          Investor relations:
          E. Chatelain
          Phone: +33 1 41 49 37 38
          E-mail: Investor.relations@chq.alstom.com


ALSTOM SA: Bids for Chinese Railway Contract
--------------------------------------------
Troubled engineering giant Alstom SA mulls bidding for a part of
a 195-km high-speed railway project in China, AFX News says.

An unnamed company spokesman said Alstom is interested in
handling the electrical and signal aspects of the project,
connecting Taiyuan and Shijiazhuang towns.  China has said it
would not award the project to a single contractor.  The bidding
would start early year and is expected to attract other
engineering groups like Germany's Siemens, Japan's Kawasaki Heavy
Industries and Canada's Bombardier.

Alstom considers China a key target market.  The country is
planning to upgrade 28,000 km of railway to accommodate
high-speed trains, the spokesman said, adding that "selling in
China means having 70% of the production locally and importing
the technology."

France recently agreed to provide China EUR150 million of
financing for the project.

                            *   *   *

Headquartered in 25 Avenue Kleber, 75795 Paris Cedex 16, Alstom
S.A. -- http://www.alstom.com-- is a leading maker of
power-generation systems and constructs power plants, rail
equipment, luxury passenger ships, naval vessels, and natural gas
tankers.   Other businesses include electrical drives, motors,
and generators.  The group generates around EUR13 billion in
annual revenue and employs more than 70,000 people worldwide.  As
of March 2005, the group has EUR865 million in net loss and
EUR1.4 billion in net debt.

CONTACT:  ALSTOM S.A.
          25 Avenue Kleber
          75795 Paris Cedex 16
          Phone: +33-1-47-55-20-00
          Fax: +33-1-47-55-25-99
          Web site: http://www.alstom.com


LBC HOLDINGS: Reports EUR5.351 Million Loss
-------------------------------------------
LBC Holdings LLC reported consolidated net loss of EUR5.351
million for the nine-months ended Sept. 30, 2005.  Net sales were
EUR90.610 million and total revenues EUR93.239 million.  Loss
from ordinary activities was EUR629,000.  Net loss before
minority interests was EUR4.706 million.

Headquartered in Paris, France, the company operates twelve
storage terminals in Europe and the USA.  LBC specializes in the
storage of petrochemical products with the majority of its
operations in the petrochemical ports of Antwerp, Rotterdam, Le
Havre, Marseille and Houston.  LBC is a global leader in the
petrochemical storage field.

Copy of the result is available free of charge at
http://bankrupt.com/misc/LBC(9Mo_2005).pdf

                            *   *   *

Standard & Poor's Ratings Services revised its outlook on
France-based liquid chemical products storage company LBC
Holdings LLC to negative from stable, reflecting the company's
potentially tighter liquidity situation in the medium term if it
is unable to increase its cash flow enough in 2005 and 2006,
compared with 2004, or ceases to have access to credit lines when
needed.  At the same time, the 'B' long-term corporate credit
rating on the company was affirmed.

The rating continues to primarily reflect the company's very
aggressive financial profile, associated with contract
concentration; narrow leeway to reduce substantial fixed costs
amid weaker-than-expected demand; limited visibility on EBITDA
and cash flows; capital intensity; and delayed, uncertain
returns.  These factors are only somewhat offset by the
industry's high barriers to entry and the group's EBITDA margin,
historically wider than 35%.  Emphasizing these challenges, LBC's
2004 EBITDA margin contracted to 33.5%, falling far short of
expectations.

"The negative outlook reflects our concerns regarding LBC's
potentially weaker liquidity position, notably in light of LBC's
obligation to seek a waiver under one of its bank covenants,
raising doubts about the real availability of its revolving
credit facility," said Standard & Poor's credit analyst Khaled
Zitouni.  "We will monitor EBITDA, free cash flow generation,
compliance with covenants, and availability of undrawn, committed
lines."  Downward pressure on the rating could heighten if any of
these key factors deteriorate.

CONTACT:  LBC HOLDINGS LLC
          Phone: +33 (1) 44 34 15 00
          Fax: +33 (1) 44 34 15 01
          E-mail: investors@lbctt.com
          Web site: http://www.lbctt.com


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


BLUM VERWALTUNGS: Under Bankruptcy Administration
-------------------------------------------------
The district court of Bonn opened bankruptcy proceedings against
Blum Verwaltungs GmbH on November 21.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until December 30, 2005 to register their claims
with court-appointed provisional administrator Dr. Jorg Nerlich.

Creditors and other interested parties are encouraged to attend
the meeting on February 3, 2006, 9:35 a.m. at the district court
of Bonn, Insolvenzgericht, Wilhelmstrasse 21, 53111 Bonn, 1.
Stock, Saal W126, 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:  BLUM VERWALTUNGS GmbH
          Hellmaarstr. 3, 53340 Meckenheim
          Contact:
          Markus Blum, Manager

          Jorg Nerlich, Administrator
          Sternstr. 79, 53111 Bonn
          Phone: 0228/94 59 820
          Fax: 0228/9459829


DAIMLERCHRYSLER AG: November U.S. Sales Down 3%
-----------------------------------------------
DaimlerChrysler AG has reported total group sales of 178,182
passenger vehicles in the U.S. for November 2005, a 3% decrease
compared to November last year.

Chrysler Group, which consists of the Chrysler, Jeep and Dodge
brands, posted sales of 159,898 vehicles in the U.S., a decrease
of 3%.  Adjusted for one more selling day in November 2005, sales
fell 7%.

After launching a record nine new models in 2004, the Chrysler
Group continues to launch new vehicles at a brisk pace during
2005, including the all-new 2006 Jeep Commander, Dodge Ram Mega
Cab and Jeep Liberty CRD.  The company is currently shipping to
dealers the all-new 2006 Jeep Commander, which has received
enthusiastic feedback from the media and continues to sell well
in the marketplace.

Mercedes-Benz USA (MBUSA) posted sales of 18,284 units, down 3%
compared to the same month last year.  Mercedes-Benz offers the
widest product portfolio in the luxury vehicle market, and the
company expects to set another record year.

November 2005 had 25 selling days while November 2004 had 24.

CONTACT:  DAIMLERCHRYSLER AG
          70546 Stuttgart, Germany
          Phone: +49 711 17 0
          Fax: +49 711 17 22244
          Web site: http://www.daimlerchrysler.com


DMF-HAUS: Dresden Court Appoints HWW Administrator
--------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against dmf-Haus.de GmbH denkmit-family-Haus on November 14.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until December 20,
2005 to register their claims with court-appointed provisional
administrator Henning Schorisch.

Creditors and other interested parties are encouraged to attend
the meeting on January 31, 2006, 10:00 a.m. at the district court
of Dresden, Saal D132, 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:  DMF-HAUS.DE GmbH DENKMIT-FAMILY-HAUS
          Klosterbergweg 3 in 01877 Schmolln-Putzkau

          Henning Schorisch, Administrator
          HWW Wienberg Wilhelm
          Wasastrasse 15, 01219 Dresden
          Web site: http://www.hww-kanzlei.de


D+R IMMOBILIEN: Creditors' Claims Due Later this Month
------------------------------------------------------
The district court of Arnsberg opened bankruptcy proceedings
against D+R Immobilien- und Bautrager GmbH & Co. KG on November
11.  Consequently, all pending proceedings against the company
have been automatically stayed.  Creditors have until December
23, 2005 to register their claims with court-appointed
provisional administrator Dr. Axel Kampmann.

Creditors and other interested parties are encouraged to attend
the meeting on January 20, 2006, 8:30 a.m. at the district court
of Arnsberg, Eichholzstrasse 4, 59821 Arnsberg, EG, 328, 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:  D+R IMMOBILIEN- UND BAUTRAGER GmbH & Co. KG
          Hubertusstr. 3, 59757 Arnsberg

          Dr. Axel Kampmann, Manager
          Bronnerstrasse 7, 44141 Dortmund
          Phone: 0231/5411-0
          Fax: 0231/5411-220


ENTERTAINMENT FACTORY: Court to Verify Claims April
---------------------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against entertainment factory berlin GmbH Messen,
Konzerte, Sportevents on November 17.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until February 9, 2006 to register their claims
with court-appointed provisional administrator Knut Rebholz.

Creditors and other interested parties are encouraged to attend
the meeting on January 5, 2006, 10:00 a.m. at the district court
of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock
Saal 218, 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 on April 6,
2006, 10:00 a.m. at the same venue.

CONTACT:  ENTERTAINMENT FACTORY BERLIN GmbH MESSEN
          KONZERTE, SPORTEVENTS
          Briesener Weg 76, 12623 Berlin

          Knut Rebholz, Administrator
          Cicerostr. 22, 10709 Berlin


FLIESEN GMBH: Bochum Company Goes Bust
--------------------------------------
The district court of Bochum opened bankruptcy proceedings
against Fliesen GmbH Wattenscheid on November 24.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until January 5, 2006 to
register their claims with court-appointed provisional
administrator Uwe Hueggenberg.

Creditors and other interested parties are encouraged to attend
the meeting on February 9, 2006, 9:20 a.m. at the district court
of Bochum, Hauptstelle, Viktoriastrasse 14, 44787 Bochum,
Erdgeschoss, Saal A29, 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:  FLIESEN GmbH WATTENSCHEID
          Hochstrasse 47 - 49, 44866 Bochum
          Contact:
          Manfred Kuechler, Manager
          Bluetenweg 12, 44869 Bochum

          Uwe Hueggenberg, Administrator
          Huestrasse 34, 44787 Bochum
          Phone: 964 91-0
          Fax: 964 91-33


JENOPTIK AG: Loses Key Board Member to M+W Zander
-------------------------------------------------
Juergen Giessmann will focus on his role as chairman of the board
of directors of M+W Zander Holding AG.  As part of the planned
separation of M+W Zander from the Jenoptik Group, he has resigned
at his own request and, in agreement with the chairman of the
supervisory board, from his position as member of the JENOPTIK AG
executive board, effective Dec. 1, 2005, in particular to avoid
possible conflict situations.

Mr. Giessmann has been a part of the Jenoptik top management
since Jenoptik's acquisition of the Stuttgart-based facility
engineering firm M+W Zander (at the time, Meissner+Wurst GmbH+Co.
KG) in 1994.

Mr. Giessmann has been a member of the Jenoptik executive board
since January 1996, and deputy chairman of the board and director
of human resources of JENOPTIK AG since 2003.

On the Jenoptik board, Mr. Giessmann was responsible for
Jenoptik's largest business division, Clean Systems, represented
by the M+W Zander Group.  A graduate of business administration,
he has run M+W Zander since 1992 and is now the chairman of the
board of directors at M+W Zander Holding AG.  Under his
management, M+W Zander has developed from a medium-sized into a
globally operating engineering and service company with the
business volume increasing more than tenfold since then.

In June, the JENOPTIK AG annual general meeting agreed to the
board's future strategy of focusing on the Photonics business
division, while separating M+W Zander from the Jenoptik Group.
As hitherto, Juergen Giessmann will go on managing this process
as the chairman of M+W Zander Holding AG.

The executive board and the supervisory board of JENOPTIK AG
would like to thank Juergen Giessmann for his years of admirable
work at Jenoptik and for his fundamental contribution to the
growth of the Jenoptik Group.

The remaining members of the executive board, Alexander von
Witzleben (chairman of the board) and Norbert Thiel will assume
the responsibilities of Juergen Giessmann within the Jenoptik
board.  The supervisory board will also work on the assignment of
responsibilities and an addition to the executive board at its
regular meeting in mid-December.

Curriculum Vitae: Juergen Giessmann

Juergen Giessmann was born on Sept. 14, 1946 in Stuttgart,
Germany.

After completing his degree in business administration at the
Universities of Stuttgart and Nuremberg, Mr. Giessmann worked for
the RWG GmbH auditing firm in Stuttgart from 1974 to 1980, first
as a managerial assistant and then as department head.

In 1981, Mr. Giessmann began his work for Meissner+Wurst as the
manager of the human resources and legal departments.  He was
promoted to deputy manager of Meissner+Wurst in 1990 and general
manager in 1992.

Since Jenoptik's acquisition of Meissner+Wurst in 1994, Giessmann
was a member of the Jenoptik (formerly Jenoptik GmbH) managerial
team.  In January 1996, he was appointed to the JENOPTIK AG
executive board and in June 2003 became the deputy chairman of
the board of JENOPTIK AG.

Juergen Giessmann has been chairman of the board of directors of
M+W Zander Holding AG since January 2000, responsible for
strategy, distribution, marketing and human resources as well as
for the facility engineering, pharma/biotech, automation and IT
service business areas.

                            *   *   *

In June, Fitch Ratings downgraded Jenoptik AG's Senior Unsecured
rating and EUR150 million senior notes to 'B' from 'B+'.  The
Short-term rating is affirmed at 'B'.  The Senior Unsecured
rating Outlook remains Stable.

The downgrade is based on Fitch's concerns over Jenoptik's
corporate governance practices.  In October 2004, Fitch put
Jenoptik on Rating Watch Negative, following the announcement to
integrate caatoosee ag, an IT company with a poor operating track
record and significant liquidity problems.  After discussions
with Jenoptik's management, the Rating Watch was removed and the
ratings affirmed, since it was deemed unlikely that the
transaction would progress.

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

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


KU ROHRSANIERUNGS: Court Names Schultze & Braun Administrator
-------------------------------------------------------------
The district court of Chemnitz opened bankruptcy proceedings
against KU Rohrsanierungs GmbH on November 15.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until December 30, 2005 to register their
claims with court-appointed provisional administrator Dr. Dirk
Herzig.

Creditors and other interested parties are encouraged to attend
the meeting on February 14, 2006, 10:15 a.m. at the district
court of Chemnitz, Saal 24, im Gerichtsgebaude Fuerstenstrasse
21, Chemnitz, 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:  KU ROHRSANIERUNGS GmbH
          Contact:
          Peter Pfadenhauer, Manager
          Erlsweg 3, 08340 Schwarzenberg

          Dr. Dirk Herzig, Administrator
          Schultze & Braun
          Promenadenstr. 3, 09111 Chemnitz
          Web site: http://www.schubra.de


MARSEILLE-KLINIKEN AG: Inks Sale-leaseback Agreement with CIT
-------------------------------------------------------------
Marseille-Kliniken AG (Prime Standard, ISIN DE 0007783003, MKA)
concluded after the GE deal a second substantial
sale-and-leaseback contract with the properties investor CIT
Group Europe, Great Britain.  This involves Marseille-Kliniken AG
selling a total of 10 portfolio properties, 8 of which are from
the care sector and two from the rehabilitation sector, with
approximately 1,550 beds to the English investor by means of a
sale-and-leaseback agreement, and at the same time renting them
back in the long term.

With a volume of over EUR117 million, this transaction sets
another new milestone in the Marseille-Kliniken AG's strategy of
concentrating primarily on the health facilities business in
future, and expanding their overall bed capacity to 12,000 beds
by the year 2008.  Once successfully implemented, the
Marseille-Kliniken AG's property portfolio will be distributed
between approximately 30% facilities of their own and 70% rented
facilities, and will therefore represent a ratio, which the
company had set themselves as their target.

With this transaction, Marseille-Kliniken AG is able to pay off
long-term financial debt, it considerably improves its capital
ratio, and it creates further financial scope for the
implementation of its growth strategy.

                            *   *   *

In March, Standard & Poor's Ratings Services revised its outlook
on Germany-based private healthcare provider Marseille-Kliniken
AG to negative from stable, citing the weakening of the group's
capital base.  The 'BB-' long-term corporate credit rating was
affirmed.

"The outlook revision reflects our concern about the balance
between equity and debt holders, as Marseille-Kliniken has
continued paying out dividends despite the group's negative net
result in fiscal 2004, which has further constrained the already
weak capital base," said Standard & Poor's credit analyst
Christian Esters.  On a lease-adjusted basis,
Marseille-Kliniken's net debt stood at a very aggressive 84% of
capital at June 30, 2004.  The very high leverage is also the
result of large investment and acquisition expenses over the past
few years.

"We are also concerned that the currently negative contribution
of the rehabilitation division to the group's performance could
take longer to eradicate if the restructuring of the division
proves to be more difficult than Marseille-Kliniken currently
expects," said Mr. Esters.  The rehabilitation division
contributed 27% to group sales in 2004.

The rating on Marseille-Kliniken reflects its weak financial
profile, as the company is highly leveraged and posts low free
operating cash flows compared with its lease-adjusted debt
obligations.  The rating also reflects Marseille-Kliniken's good
competitive position, supported by its cost efficiency and the
high quality of its facilities.  The rating furthermore benefits
from the highly predictable growth in future nursing-care needs.
In the short term, the company's flexibility has increased
following a sale-and-leaseback transaction that is generating
EUR100 million cash flow for Marseille-Kliniken for 2005.

Marseille-Kliniken's competitive position in the German nursing
care market is supported by its cost efficiency and by the high
quality of its facilities, most of which have been constructed
since the 1990s or have been entirely renovated.

CONTACT:  MARSEILLE-KLINIKEN AG
          Axel Holzer, CEO
          Alte Jakobstrasse 79/80
          10709 Berlin
          Phone: 030/246 32-400
          Fax: 030/246 32-401

          HILLERMANN CONSULTING
          Christian Hillermann, Investor Relations
          Eppendorfer Baum 5
          20249 Hamburg
          Phone:040/414 069-13
          Fax: 040/414 069-14


NICKEL FENSTER: Claims Filing Deadline December 28
--------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against Nickel Fenster GmbH & Co. KG on November 16.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until December 28,
2005 to register their claims with court-appointed provisional
administrator Helgi Heumann.

Creditors and other interested parties are encouraged to attend
the meeting on February 2, 2006, 10:15 a.m. at the district court
of Dresden, Saal D131, 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:  NICKEL FENSTER GmbH & Co. KG
          Heinrich-Heine-Str. 82 in 02943 Weisswasser
          Contact:
          Rainer Lengl, Manager

          Helgi Heumann, Administrator
          Heumann Rechtsanwalte
          Konigsbruecker Str. 31/33, 01099 Dresden
          Web site: http://www.raheumann.de


SCHUH-VITRINE: Creditors to Meet February
-----------------------------------------
The district court of Aachen opened bankruptcy proceedings
against Schuh-Vitrine Schuh- und Lederwarenvertriebsgesellschaft
mbH on November 23.  Consequently, all pending proceedings
against the company have been automatically stayed.  Creditors
have until January 17, 2006 to register their claims with
court-appointed provisional administrator Thomas Georg.

Creditors and other interested parties are encouraged to attend
the meeting on February 13, 2006, 10:30 a.m. at the district
court of Aachen, Augustastrasse 78-80, 52070 Aachen, 1. Etage,
Sitzungssaal 14, 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:  SCHUH-VITRINE SCHUH- UND
          LEDERWARENVERTRIEBSGESELLSCHAFT mbH
          Arnold-Sommerfeld-Ring 40, 52499 Baesweiler
          Contact:
          Wilhelmus Henricus Maria Tiddens, Manager
          Dorpsstraat 20, NLD-6082 AP Buggenum

          Thomas Georg, Administrator
          Juelicher Strasse 116, 52070 Aachen


TBR GMBH: Buero Christ Administrator Takes over
-----------------------------------------------
The district court of Cottbus opened bankruptcy proceedings
against TBR GmbH Transport-, Beforderungs- und Reiseservice on
November 23.  Consequently, all pending proceedings against the
company have been automatically stayed.  Creditors have until
January 10, 2006 to register their claims with court-appointed
provisional administrator Willi Christ.

Creditors and other interested parties are encouraged to attend
the meeting on February 15, 2006, 8:30 a.m. at the district court
of Cottbus, Gerichtsplatz 2, 03046 Cottbus, Saal 210, 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:  TBR GmbH TRANSPORT-, BEFORDERUNGS- UND REISESERVICE
          Finsterwalder Strasse 17, 03253 Doberlug-Kirchhain
          Contact:
          Karl Stein, Manager

          Willi Christ, Administrator
          Buero Christ
          Rudolf-Breitscheid-Strasse 69, 03046 Cottbus
          Web site: http://www.buero-christ.de


VN VERWALTUNGS: Proofs of Claim Due Next Month
----------------------------------------------
The district court of Bochum opened bankruptcy proceedings
against VN Verwaltungs GmbH on November 21.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until January 5, 2006 to register their
claims with court-appointed provisional administrator Uwe
Hueggenberg.

Creditors and other interested parties are encouraged to attend
the meeting on February 16, 2006, 8:45 a.m. at the district court
of Bochum, Hauptstelle, Viktoriastrasse 14, 44787 Bochum,
Erdgeschoss, Saal A29, 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:  VN VERWALTUNGS GmbH
          Wieschermuehlenstr. 23, 44791 Bochum
          Contact:
          Paulus Martinus Maria van Noort, Manager

          Uwe Hueggenberg, Administrator
          Huestrasse 34, 44787 Bochum
          Phone: 964 91-0
          Fax: 964 91-33


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


ALITALIA SPA: Selling Maintenance Unit
--------------------------------------
Alitalia S.p.A. is holding talks with Finmeccanica S.p.A. unit,
Alenia Aeronautica, over the sale of its Atitech plane
maintenance unit, AFX News says.

According to Giovanni Contento, head of the UILM union, Alenia is
particularly interested in acquiring Atitech's Grottaglie site.
He predicts a deal between Alitalia and Alenia before the year
ends.

                          About Alitalia

Headquartered in Viale A. Marchetti 111, 00148 Rome, Italy,
Alitalia S.p.A. -- http://www.alitalia.it-- generates more than
EUR4 billion in annual revenue and employs more than 20,000
people.  As of December 2004, group net debt stood at EUR1.76
billion in 2004.  Alitalia flies to about 80 destinations in more
than 60 countries from its hubs in Rome and Milan and operates a
fleet of about 185 aircraft.  Despite a EUR1.4 billion
state-backed restructuring in 1997 and a EUR1.4 billion capital
injection two years ago, the carrier remains in deep financial
crisis.  Alitalia has posted an annual profit only four times in
the past 16 years.

A turnaround plan approved late 2004 will split the airline's
flight and ground operations.  The group recently completed it
EUR1.009 capital hike.

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

          ALENIA AERONAUTICA S.p.A.
          Via Campania, 45
          00187 Rome
          Phone: +39 06420881
          Fax: +39 42824528
          Web site: http://www.alenia-aeronautica.it


IMPREGILO SPA: Wants to Regain Control of Fisia
-----------------------------------------------
Troubled construction group Impregilo S.p.A. is holding talks
with Equinox Investment Company to acquire the latter's stake in
joint venture Fisia Italimpianti, La Stampa says.

Impregilo sold Fisia to wholly owned Hiatus S.p.A. for EUR280
million in late 2002.  Shortly after, it sold 49% of Hiatus to
Equinox for EUR39.2 million.  Impregilo now wants to recover the
stake.

Monza prosecutors recently expanded their probe on Impregilo to
include the stake sale, with focus on the price and a repurchase
option.  Fisia Italimpianti specializes in the fields of water
treatment and desalination, among others.

                            *   *   *

Headquartered in Viale Italia 1, Sesto S. Giovanni, 20099 Milan,
Impregilo S.p.A. -- http://www.impregilo.it-- is a leading
engineering group in Italy that has existed since 1906.  It
generates more than EUR2.96 billion in annual revenue and employs
more than 11,703 people.  As of December 2004, group net result
and net financial position stand at -EUR1.76 billion and -EUR499
million respectively.

In June, Impregilo reached agreements with banks on:

(a) The re-scheduling of short-term borrowings totaling EUR200.3
    million (the banks include Banca Intesa Group, the
    Unicredito Group, the SanPaolo IMI Group, the Capitalia
    Group); and

(b) The restructuring of Fisia Italimpianti debt.  Fisia
    Italimpianti, a company under the group, agreed with a pool
    of banks led by Banca di Roma S.p.A. for the restructuring
    of a residual amount of EUR76 million on a medium-term loan
    granted at the time of Fisia's acquisition by Hiatus S.p.A.
    As of Dec. 31, 2004, Fisia has EBITDA of EUR28.8 million,
    net indebtedness of EUR123 million, and shareholders equity
    of EUR87 million.  It has employees of 588.

(c) The Conversion of EUR680 Million Bridging Loan used to cover
    the company's short-term requirement, mainly bonds that
    matured May and June

The contract also provided a facility whereby Impregilo may
convert up to EUR500 million of the bridging loan into a
seven-year financing.  Impregilo intends to repay the remaining
EUR180 million using a portion of the proceeds raised by its
EUR650 million share capital increase launched in June.

Corporate restructuring specialist Lazard Freres & Co. LLC is
advising Impregilo.

CONTACT:  IMPREGILO S.p.A.
          Viale Italia 1,
          Sesto S. Giovanni
          20099 Milan
          Phone: +39-02-244-22111
          Fax: +39-02-244-22293
          Web site: http://www.impregilo.it

          GENERALE MOBILIARE INTERESSENZE AZIONARIE S.p.A.
          Via Turati n. 16/18
          Milan
          Phone: +39-02-444-23121
          Fax: +39-02-444-23120
          E-mail: investor.relator@gemina.it
          Web site: http://www.gemina.it


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


ROYAL SHELL: Buyback Program Continues
--------------------------------------
On 6 December 2005, Royal Dutch Shell plc purchased for
cancellation 1,350,000 'A' Shares at a price of EUR26.89 per
share.  It further purchased for cancellation 480,000 'A' Shares
at a price of 1,823.16 pence per share.

Following the cancellation of these shares, the remaining number
of 'A' Shares of Royal Dutch Shell plc will be 3,947,650,000.

As of that date, 2,759,360,000 'B' Shares of Royal Dutch Shell
plc were in issue.

                            *   *   *

Shell's buyback scheme is aimed at reviving shareholders' and
investors' confidence.  The buyback program follows a damaging
reserves overestimation scandal last year.

                        About the Company

Royal Dutch Shell plc, incorporated in England and Wales, is
headquartered in The Hague and listed on the London, Amsterdam,
and New York stock exchanges.  Shell companies have operations in
more than 145 countries with businesses including oil and gas
exploration and production; production and marketing of Liquefied
Natural Gas and Gas to Liquids; manufacturing, marketing and
shipping of oil products and chemicals and renewable energy
projects including wind and solar power.

                           The Trouble

Shell admitted overstating proved reserves by almost 6 billion
barrels between January 2004 and February this year.  This led to
the ouster of three top executives, including former Chairman
Philip Watts.  The company was fined EUR150 million in total
after investigations launched by U.S. and British regulators.
Shell has since revised the method by which it calculates
reserves to comply with U.S. regulations.  Shell's proved
reserves stood at 10.2 billion barrels at the end of
2004.

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


VERSATEL TELECOM: Centaurus Erects Another Obstacle to Tele2 Bid
----------------------------------------------------------------
Versatel Telecom International N.V. has disclosed that Centaurus
Capital Limited and the other petitioners mentioned in its press
release of 20 September 2005 have filed a second request for
injunctive relief with the Enterprise Chamber of the court of
appeals in Amsterdam.

The petitioners have requested the Enterprise Chamber to prohibit
Versatel to amend its existing corporate governance policy; and
to appoint two supervisory board members of Versatel who will be
exclusively authorized to represent Versatel in all discussions,
negotiations and transactions with Tele2 companies, including the
contemplated legal merger.

Versatel shall oppose the requests of Centaurus and others.  A
hearing is scheduled before the Enterprise Chamber on Friday, 9
December 2005 at 1:00 p.m.

                            *   *   *

In September, Versatel received notice that a group of
shareholders headed by Centaurus Capital has filed a request with
the Enterprise Chamber of the court of appeals in Amsterdam for a
judicial investigation into the affairs of Versatel.

This is in relation to the recommended cash offers made by Tele2
Finance B.V. for all issued and outstanding ordinary shares in
the capital of Versatel and for all the issued and outstanding
3.875% convertible senior notes due 2011 convertible into
ordinary shares in the capital of Versatel.

The other petitioners were SG Amber Fund, Arnhold & S.
Bleichroeder Advisers LLC, Mellon HBV Alternative Strategies
Limited and Barclays Capital Securities Limited.  The Enterprise
Chamber rejected all arguments underlying their requests.

CONTACT:  VERSATEL TELECOM INTERNATIONAL N.V.
          Investor Relations Department
          Hullenbergweg 101
          1101 CL Amsterdam
          The Netherlands
          Phone: +31 20 750 2362
          Fax: +31 20 750 1019
          E-mail: investor.relations@versatel.com


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


ALTAYSKIY TRACTOR: Under Bankruptcy Supervision
-----------------------------------------------
The Arbitration Court of Altay region has commenced bankruptcy
supervision procedure on open joint stock company Altayskiy
Tractor.  The case is docketed as A03-14680/05-B.  Mr. V. Lyutov
has been appointed temporary insolvency manager.  Creditors may
submit their proofs of claim to 656049, Russia, Altay region,
Barnaul, Post User Box 3503.  A hearing will take place on April
12, 2006.

CONTACT:  ALTAYSKIY TRACTOR
          658212, Russia, Altay region,
          Rubtsovsk, Traktornaya Str. 17

          V. LYUTOV
          Temporary Insolvency Manager
          656049, Russia, Altay region,
          Barnaul, Post User Box 3503


CONVERSBANK CJSC: Fitch Assigns Bank Junk Ratings
-------------------------------------------------
Fitch Ratings has assigned Conversbank CJSC ratings of Long-term
'CCC+', Short-term 'C', Support '5', Individual 'D/E', and
National Long-term 'B+(rus)'.  The Outlooks on the Long-term and
National Long-term ratings are Stable.

The Long-term, Short-term and Individual ratings reflect
Conversbank's limited franchise, potentially unsustainable
business volumes, high concentration on both sides of the balance
sheet, and certain regulatory risk inherent in some operations.
At the same time, they also consider its adequate capital
position, acceptable liquidity and fairly good market-risk
management.

Upside potential for the ratings would result from an improvement
of corporate governance practices and the development of a more
sustainable business franchise, diversification of business, and
improvement of performance.  Downside pressure may arise from a
significant deterioration in asset quality or capital adequacy.

Conversbank was established in 1989 and acted as a captive bank
for the Russian nuclear industry until it was privatized at
end-2002.  The bank is now part of a wider banking group, of
which it is also the holding company.  Conversbank is
headquartered in Moscow and currently ranks within the top 100
Russian banks, with total unconsolidated assets of US$367
million, net loans of US$191 million and shareholders equity of
US$69 million at end-2004.  It does not have any branches.

The banking group consists of five banks in Russia and Eastern
Europe: Conversbank; Conversbank Moscow (formerly
Akademchembank), ENISEY Bank, Bankas Snoras, (rated 'BB-') in
Lithuania, and Latvijas Krajbanka (rated 'B+') in Latvia.  The
group is ultimately owned by a Russian individual.  At end-2004,
total consolidated assets of the group (which at that date
included only Conversbank and Bankas Snoras) were US$1,119
million, net assets were US$533 million and equity was US$159
million.

CONTACT:  CONVERSBANK CJSC
          12/1 Goncharnaya Str., 109240, Moscow
          Phone: +7 (095) 411-6811
          Fax: +7 (095) 411-6812
          E-mail: info@conversbank.com

          FITCH RATINGS
          Dmitriy Piskulov
          Alexei Kechko
          James Watson, Moscow
          Phone: +7 095 956 9901

          Media Relations
          Alex Clelland, London
          Phone: +44 20 7862 4084
          Web site: http://www.fitchratings.com


GALICH-BREAD: Undergoes Bankruptcy Supervision Procedure
--------------------------------------------------------
The Arbitration Court of Kostroma region has commenced bankruptcy
supervision procedure on limited liability company Galich-Bread.
The case is docketed as A31-7312/2005-12.  Mr. V. Kolesnyuk has
been appointed temporary insolvency manager.  A hearing will take
place on January 12, 2006.

CONTACT:  GALICH-BREAD
          157200, Russia, Kostroma region,
          Galich, Naberezhnaya, 117

          V. KOLESNYUK
          Temporary Insolvency Manager
          157200, Russia, Kostroma region,
          Galich, Naberezhnaya, 117

          THE ARBITRATION COURT OF KOSTROMA REGION
          156012, Russia, Kostroma region,
          Shagova Str. 20


HOUSE BUILDING: Calls in Insolvency Manager
-------------------------------------------
The Arbitration Court of Bashkortostan republic has commenced
bankruptcy supervision procedure on open joint stock company
House Building Combine (TIN 5609018540).  The case is docketed as
A07-16040/05-G-FLE.  Mr. A. Shipitsyn has been appointed
temporary insolvency manager.

CONTACT:  HOUSE BUILDING COMBINE
          460000, Russia, Orenburg,
          Tereshkovoy Str. 2, Apartment 3

          A. SHIPITSYN
          Temporary Insolvency Manager
          644043, Russia, Omsk,
          Post User Box 5222


INOKAR: Perm Court Opens Bankruptcy Proceedings
-----------------------------------------------
The Arbitration Court of Perm region has commenced bankruptcy
supervision procedure on close joint stock company Inokar.  The
case is docketed as A50-35165/2005-B.  Mr. V. Tsygankov has been
appointed temporary insolvency manager.

Creditors may submit their proofs of claim to 614002, Russia,
Perm, Fontannaya Str. 8a.  A hearing will take place on February
22, 2006, 10:00 a.m. at 617990, Russia, Perm, Lunacharskogo Str.
3-104.

CONTACT:  INOKAR
          614068, Russia, Perm region,
          Danshina Str. 5

          V. TSYGANKOV
          Temporary Insolvency Manager
          614002, Russia, Perm region,
          Fontannaya Str. 8a


ISKRA: Insolvency Manager Takes over Firm
-----------------------------------------
The Arbitration Court of Novosibirsk region has commenced
bankruptcy supervision procedure on open joint stock company
Iskra.  The case is docketed as A45-21107/05-27/286.  Mr. Y.
Gomerov has been appointed temporary insolvency manager.  A
hearing will take place on March 6, 2006, 9:30 a.m. at the
Arbitration Court of Novosibirsk region at 630007, Russia,
Novosibirsk, Kirova Str. 3, Room 915.

CONTACT:  ISKRA
          632748, Russia, Novosibirsk region, Kupinskiy region,
          Novonikolaevka, Tsentralnaya Str. 2

          Y. GOMEROV
          Temporary Insolvency Manager
          630501, Russia, Novosibirsk region,
          Krasnoobsk, Post User Box 325
          Phone: 348-6-77


KASYANOVKSIY: Undergoes Bankruptcy Supervision Procedure
--------------------------------------------------------
The Arbitration Court of Irkutsk region has commenced bankruptcy
supervision procedure on auto-repair factory Kasyanovksiy (TIN
3843000585).  The case is docketed as A19-24051/05-37.  Mr. P.
Zhdanov has been appointed temporary insolvency manager.  A
hearing will take place on December 23, 2005, 11:00 a.m.

CONTACT:  KASYANOVKSIY
          Russia, Irkutsk region, Cheremkhovskiy region,
          Alyekhino, Truda Square, 4

          P. ZHDANOV
          Temporary Insolvency Manager
          665458, Russia, Usolye-Sibirskoye,
          Post Office 8, Post User Box 16
          Phone/Fax: (395 43) 6-10-26


KUZBASSKIYE INDUSTRIAL: Bankruptcy Hearing Resumes in Two Weeks
---------------------------------------------------------------
The Arbitration Court of Kemerovo region has commenced bankruptcy
supervision procedure on limited liability company Kuzbasskiye
Industrial Explosives.  The case is docketed as A27-20675/2005-4.
Mr. S. Shmidt has been appointed temporary insolvency manager.
Creditors may submit their proofs of claim to 650004, Russia,
Kemerovo, Kavaleriyskaya Str. 76.  A hearing will take place on
December 19, 2005, 2:00 p.m.

CONTACT:  S. SHMIDT
          Temporary Insolvency Manager
          650004, Russia, Kemerovo region,
          Kavaleriyskaya Str. 76


MAGNITOSTROY: Court to Hear Bankruptcy Case Next Year
-----------------------------------------------------
The Arbitration Court of Chelyabinsk region has commenced
bankruptcy supervision procedure on open joint stock company
Magnitostroy (OGRN 1027402053755, TIN 7414000992).  The case is
docketed as A76-35437/05-48-230.  Mr. S. Kurbyko has been
appointed temporary insolvency manager.  A hearing will take
place on March 21, 2006 at the Arbitration Court of Chelyabinsk
region.

CONTACT:  MAGNITOSTROY
          Russia, Chelyabinsk region,
          Magnitogorsk, Gagarina Str. 50

          S. KURBYKO
          Temporary Insolvency Manager
          454080, Russia, Chelyabinsk region,
          Engelsa Str. 36a

          THE ARBITRATION COURT OF VLADIMIR REGION
          600025, Russia, Vladimir, Oktyabrskiy Pr. 14


SULINU-COAL: Claims Filing Period Ends Dec. 22
----------------------------------------------
The Arbitration Court of Rostov region commenced bankruptcy
proceedings against Sulinu-Coal after finding the close joint
stock company insolvent.  The case is docketed as
A53-22742/2005-S2-8.  Mr. A. Dolzhenko has been appointed
insolvency manager.  Creditors have until December 22, 2005 to
submit their proofs of claim to 344007, Russia, Rostov-na-Donu,
Moskovskaya Str. 68.  A hearing will take place on February 6,
2006, 2:30 p.m.

CONTACT:  SULINU-COAL
          346350, Russia, Rostov region, Krasnosulinskiy region,
          Zverevo, Vladimirskiy s/s, Mine #40

          A. DOLZHENKO
          Insolvency Manager
          344007, Russia, Rostov-na-Donu,
          Moskovskaya Str. 68


VOLGO-STEEL-CONSTRUCTION: Under Bankruptcy Supervision
------------------------------------------------------
The Arbitration Court of Tatarstan republic has commenced
bankruptcy supervision procedure on building-assembly enterprise
Volgo-Steel-Construction.  The case is docketed as
A65-18567/2005-SG4-26.  Mr. A. Zakirzyanov has been appointed
temporary insolvency manager.  A hearing will take place on
December 19, 2005, 11:50 a.m. at Russia, Kazan, Kremlin, building
1, Entrance 2, Room 12.

CONTACT:  VOLGO-STEEL-CONSTRUCTION
          Russia, Tatarstan republic, Kazan

          A. ZAKIRZYANOV
          Temporary Insolvency Manager
          420073, Russia, Tatarstan republic, Kazan,
          Gvardeyskaya Str. 42, Post User Box 222


YUKOS OIL: Arrest Warrant for New York Lawyer Out
-------------------------------------------------
The Moscow District Basmanny Court has issued a warrant of arrest
for Yukos Oil lawyer Pavel Ivlev on charges of embezzlement,
according to MosNews.

Mr. Ivlev lives in New York and is employed by U.S. firm ALM
Feldmans.  In July, the Prosecutor General's Office accused him
of helping Yukos evade taxes, embezzling US$2.4 billion, as well
as laundering US$810 million of company money.

Mr. Ivlev denies the charges.  According to him, the action is
retaliation for his refusal to testify against Yukos shareholders
accused of fraud and tax evasion.

Yukos is an oil-and-gas company headquartered in Moscow, Russia.
It filed for chapter 11 protection in December 2004 (Bankr. S.D.
Tex. Case No. 04-47742), but the case was dismissed in February.
A few days after, its main production unit Yugansk was sold by
the government to a little-known firm OOO Baikalfinansgroup for
US$9.35 billion, as payment for US$27.5 billion in tax arrears
for 2000-2003.  The company still has US$7.5 billion in
outstanding tax liabilities and US$1.3 billion in debt to banks.

CONTACT:  YUKOS OIL
          Web site: http://www.yukos.com/
          International Information Department
          Hugo Erikssen
          Phone: +7 095 540 6313
          E-mail: inter@yukos.ru

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


===========
S W E D E N
===========


CONCORDIA BUS: To Buy back EUR145,000 of 2010 Senior Sub-notes
--------------------------------------------------------------
Concordia Bus AB (publ) (Bus) said that on October 4, 2005
holders of an aggregate principal amount of EUR159,855,000 of its
11% Senior Subordinated Notes due 2010 exchanged their Notes for
shares in Bus and that such exchange constitutes a Change of
Control under the indenture governing the Notes.

Pursuant to Section 1015 of the Indenture, Bus on Nov. 11
commenced a Change of Control Offer for the EUR145,000 aggregate
principal amount of Notes outstanding.  Promptly after the close
of the Change of Control Offer on December 12, 2005, Bus will,
subject to the terms and conditions of the Change of Control
Offer, which are included in the Change of Control Offer Document
dated Nov. 11, repurchase the Notes validly tendered and not
withdrawn in the Change of Control Offer for cash equal to 101%
of the principal amount of Notes so tendered plus accrued
interest, if any.

The Change of Control Offer is being made solely pursuant to the
Change of Control Offer Document, which sets forth and governs
the terms and conditions of the Change of Control Offer and sets
forth information about how to tender Notes.  The Change of
Control Document contains important information that should be
read carefully before any decision is made with respect to the
Change of Control Offer.  The Change of Control Offer Document
may be obtained from Lucid Issuer Services (Phone: +44 20 7704
0880, E-mail: Concordia@lucid-is.com).

UNDER NO CIRCUMSTANCES SHALL THIS NOTICE CONSTITUTE AN INVITATION
OR OFFER TO SELL OR THE SOLICITATION OF AN INVITATION OR OFFER TO
BUY THE NOTES.

CONTACT:  CONCORDIA BUS NORDIC AB
          Ragnar Norback, CEO
          Phone: + 46 701 87 10 40

          Per Skargard, CFO
          Phone: + 46 701 87 10 52
          Web site: http://www.concordiabus.com/


CONCORDIA BUS: Nimbus Launches Change of Control Offer for Notes
----------------------------------------------------------------
Nimbus Limited, a company incorporated under the laws of Jersey
(BidCo), said that on Oct. 4, 2005 holders of an aggregate
principal amount of EUR159,855,000 of the 11% Senior Subordinated
Notes due 2010 issued by Concordia Bus AB (Bus AB) exchanged
their Subordinated Notes for shares in Bus AB (the Exchange) and
that the Exchange constitutes a Change of Control Event under the
indenture governing Nordic's EUR130,000,000 9.125% Senior Secured
Notes due 2009.

Pursuant to Section 1015 of the Indenture, BidCo commenced on
Nov. 11 a Change of Control Offer.  Certain holders of Notes
(including those who consented to the Nordic's Amended and
Restated Consent Solicitation Statement, dated July 28, 2005 and
holders whose Notes were tendered to BidCo in its Offer to
Purchase, dated July 28, 2005) have contractually bound
themselves not to receive the Change of Control Offer.  Such
persons hold an aggregate principal amount of EUR129,188,000 of
Notes and therefore only holders of the remaining EUR812,000
aggregate principal amount of Notes are contractually eligible to
accept the Change of Control Offer.

Promptly after the close of the Change of Control Offer on Dec.
12, 2005, BidCo will, subject to the terms and conditions of the
Change of Control Offer which are included in the Change Offer
Document dated Nov. 11, purchase the Notes of Eligible Holders
validly tendered and not withdrawn in the Change of Control Offer
for cash equal to 101% of the principal amount of Notes so
tendered plus accrued interest, if any.

The Change of Control Offer is being made solely pursuant to the
Change of Control Offer Document, which sets forth and governs
the terms and conditions of the Change of Control Offer and sets
forth information about how to tender Notes.  The Change of
Control Document contains important information that should be
read carefully before any decision is made with respect to the
Change of Control Offer.  The Change of Control Offer Document
may be obtained from Lucid Issuer Services (Tel: +44 20 7704
0880, E-mail: nimbus@lucid-is.com).

UNDER NO CIRCUMSTANCES SHALL THIS NOTICE CONSTITUTE AN INVITATION
OR OFFER TO SELL OR THE SOLICITATION OF AN INVITATION OR OFFER TO
BUY THE NOTES.

CONTACT:  CONCORDIA BUS NORDIC AB
          Ragnar Norback, CEO
          Phone: + 46 701 87 10 40

          Per Skargard, CFO
          Phone: + 46 701 87 10 52
          Web site: http://www.concordiabus.com/


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


DUNAYIVTSI' BROADCLOTH: Declared Insolvent
------------------------------------------
The Economic Court of Hmelnitskij region commenced bankruptcy
proceedings against Dunayivtsi' Broadcloth Factory (code EDRPOU
26003641) on October 28, 2005 after finding the open joint stock
company insolvent.  The case is docketed as 4/169-B.  Mr. Viktor
Matushak (License Number AA 485213) has been appointed
liquidator/insolvency manager.

Creditors have until December 15, 2005 to submit their proofs of
claim to:

(a) DUNAYIVTSI' BROADCLOTH FACTORY
    Ukraine, Hmelnitskij region,
    Dunayivtsi, Shevchenko Str. 59

(b) VIKTOR MATUSHAK
    Liquidator/Insolvency Manager
    29008, Ukraine, Hmelnitskij region,
    Skovoroda Str. 14/151

(c) ECONOMIC COURT OF HMELNITSKIJ REGION
    29000, Ukraine, Hmelnitskij region,
    Nezalezhnosti Square 1


FARMATSIYA: Creditors' Claims Due Next Week
-------------------------------------------
The Economic Court of Dnipropetrovsk region commenced bankruptcy
proceedings against Farmatsiya (code EDRPOU 31016877) on October
28, 2005 after finding the close joint stock company insolvent.
The case is docketed as B 40/59/04.  Mr. Tishkevich Vladislav has
been appointed liquidator/insolvency manager.  The company holds
account number 26007106919057 at CB Privatbank, Dnipropetrovsk
branch, MFO 305299.

Creditors have until December 15, 2005 to submit their proofs of
claim to:

(a) FARMATSIYA
    49000, Ukraine, Dnipropetrovsk region,
    Karl Marks Avenue 54/2

(b) TISHKEVICH VLADISLAV
    Liquidator/Insolvency Manager
    49000, Ukraine, Dnipropetrovsk region,
    Ovrazhna Str. 54

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


INVESTOR-POSHUK: Insolvency Manager to Temporarily Run Business
---------------------------------------------------------------
The Economic Court of Harkiv region commenced bankruptcy
proceedings against LLC Investor-Poshuk (code EDRPOU 31063123) on
November 8, 2005 after finding the limited liability company
insolvent.  The case is docketed as B-31/80-05.  Mr. Dizha
Valerij (License Number AB 116288) has been appointed
liquidator/insolvency manager.

Creditors have until December 15, 2005 to submit their proofs of
claim to:

(a) INVESTOR-POSHUK
    Ukraine, Harkiv region,
    Valkivskij district, Visokopillya,
    Radyanska Str. 22

(b) DIZHA VALERIJ,
    Liquidator/Insolvency Manager
    61001, Ukraine, Harkiv region, a/b 11544

(c) ECONOMIC COURT OF HARKIV REGION
    61022, Ukraine, Harkiv region,
    Svobodi Square 5, Derzhprom 8th Entrance


INVEST-UKR: Applies for Bankruptcy Supervision
----------------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
supervision procedure on LLC Invest-Ukr (code EDRPOU 31027242) on
October 7, 2005.  The case is docketed as 43/798.  Mr. Taras
Tarasenko (License Number AA 783074) has been appointed temporary
insolvency manager.  The company holds account number
26002001230001 at JSCB Nadra, Kyiv region branch, MFO 320973.

Creditors have until December 15, 2005 to submit their proofs of
claim to:

(a) INVEST-UKR
    03150, Ukraine, Kyiv region,
    Dimitrov Str. 16-G

(b) TARAS TARASENKO
    Temporary Insolvency Manager
    04070, Ukraine, Kyiv region,
    Voloska Str. 2/19V-10

(c) ECONOMIC COURT OF KYIV REGION
    01030, Ukraine, Kyiv region,
    B. Hmelnitskij Boulevard 44-B


MELITOPOL' FOOD: Succumbs to Insolvency
---------------------------------------
The Economic Court of Zaporizhya region commenced bankruptcy
proceedings against LLC Melitopol' Food Products and Drinks Plant
(code EDRPOU 25493676) on October 17, 2005 after finding the
limited liability company insolvent.  The case is docketed as
19/50 (05).  Mr. Rabushko Vyacheslav (License Number AA 719883)
has been appointed liquidator/insolvency manager.

Creditors have until December 15, 2005 to submit their proofs of
claim to:

(a) MELITOPOL' FOOD PRODUCTS AND DRINKS PLANT
    72312Ukraine, Zaporizhya region,
    Melitopol, Pivnichnij Lane, 2

(b) RABUSHKO VYACHESLAV
    Liquidator/Insolvency Manager
    72319, Ukraine, Zaporizhya region,
    Melitopol, Fuchik Str. 14

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


MIKRON: Goes into Liquidation
-----------------------------
The Economic Court of Lviv region commenced bankruptcy
proceedings against Instrumental Plant Mikron (code EDRPOU
25549945) after finding the company insolvent.  The case is
docketed as 6/218-8/197.  Ms. Slidzyona Nadiya (License Number AA
630095) has been appointed liquidator/insolvency manager.

Creditors have until December 15, 2005 to submit their proofs of
claim to:

(a) MIKRON
    79014, Ukraine, Lviv region,
    Nishinskij Str. 35

(b) SLIDZYONA NADIYA
    Liquidator/Insolvency Manager
    79056, Ukraine, Lviv region,
    Novoznesenska Str. 103

(c) ECONOMIC COURT OF LVIV REGION
    79010, Ukraine, Lviv region,
    Lichakivska Str. 81


PRESS CENTRE: Court Appoints Insolvency Manager
-----------------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
proceedings against Press Centre (code EDRPOU 32767006) on
October 31, 2005 after finding the limited liability company
insolvent.  The case is docketed as 15/763-b.  Mr. Yurij
Ulyanchuk (License Number AB 116097) has been appointed
liquidator/insolvency manager.

Creditors have until December 15, 2005 to submit their proofs of
claim to:

(a) PRESS CENTRE
    03039, Ukraine, Kyiv region
    Chervonozoryanij Avenue 119

(b) YURIJ ULYANCHUK
    Liquidator/Insolvency Manager
    Ukraine, Kyiv region,
    Sichnevogo povstannya Str. 11-a/54

(c) ECONOMIC COURT OF KYIV REGION
    01030, Ukraine, Kyiv region,
    B. Hmelnitskij Boulevard 44-B


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


A.Y. CARS: Files for Liquidation
--------------------------------
M. Y. Rab, director of A.Y. Cars Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Nov. 8 at Gable House, 239 Regents Park Road, Finchley, London N3
3LF.  S. G. Taylor, Gable House, 239 Regents Park Road, London N3
3LF was appointed liquidator.

CONTACT:  AY CARS LTD.
          35 - 41 Lea Bridge Road
          Clapton
          Hackney
          London
          E5 9QB
          Phone: 0208 88068522
                 020 88064970


BUTTERLEY CONSTRUCTION: Winds up After 20 Unprofitable Years
------------------------------------------------------------
Butterfly Construction Ltd. has gone into liquidation after more
than 20 years in business, said ICC Credit.

The Birmingham-based company, founded in 1979, has remained
unprofitable after three name changes and ten board departures in
the last ten years.  In 2002, turnover reached GBP40 million, but
net result remained in the red.  It entered liquidation this
month with unsatisfied County Court Judgments (CCJ) worth
GBP57,000.

Barclays Bank plc and BDO Stoy Hayward LLP act as its banker and
auditor, respectively.

ICC Credit says the construction and civil engineering sector has
the largest number of companies (17,000) with CCJs filed against
them.  The industry also led ICC Credit's annual poll of sectors
with the largest number of unpaid debt, representing 2% of the
total number of companies across all industries with unpaid debt.
6% of businesses in this sector are in liquidation.

CONTACT:  BUTTERFLY CONSTRUCTION LTD.
          Beaufort House, 94-96 Newhall Street
          Birmingham B3 1PB

          BARCLAYS BANK plc
          1 Churchill Place
          London E14 5HP
          Phone: +44-20-7116-1000
          Web site: http://www.barclays.com

          BDO STOY HAYWARD LLP
          8 Baker St.
          London W1U 3LL
          Phone: +44-20-7486-5888
          Fax: +44-20-7487-3686
          Web site: http://www.bdo.co.uk


CH GAS: Calls in Joint Liquidators
----------------------------------
C. Hancox, director of CH Gas Services Limited, informs that a
resolution to wind up the company was passed at an EGM held on
Nov. 7 at Insol House, 39 Station Road, Lutterworth,
Leicestershire LE17 4AP.  Richard Frank Simms and Martin Richard
Buttriss of Insol House, 39 Station Road, Lutterworth,
Leicestershire LE17 4AP were appointed Joint Liquidators.

CONTACT:  CH GAS SERVICES LTD.
          42 Queens Road
          Coventry CV1 3DX
          Phone: 024 7632 0280


CITY COOL: Names Benedict Mackenzie Liquidator
----------------------------------------------
C. P. Constable, chairman of City Cool Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Nov. 10 at 5-6 The Courtyard, East Park, Crawley, West Sussex
RH10 6AG.  Julie P. Vahey and Graham P. Petersen of Benedict
Mackenzie, 5-6 The Courtyard, East Park, Crawley, West Sussex
were appointed Joint Liquidators.

CONTACT:  CITY COOL LTD.
          Halcyon Court, Spinney Lane
          West Chiltington
          Pulborough
          RH20 2NX
          West Sussex
          Phone: 01798 815777
          Fax: 01798 812789

          BENEDICT MACKENZIE
          4 The Courtyard
          East Park
          Crawley
          West Sussex RH10 6AG
          Phone: 01293 410333
          Fax: 01293 428530
          E-mail: m.fillmore@benemack.com


CLOCKHOUSE 2: Appoints Liquidator from BDO Stoy Hayward
-------------------------------------------------------
Company Names: CLOCKHOUSE 2 PLC
               CLOCKHOUSE 3 LIMITED

J. Sacks, chairman of these companies, informs that the subjoined
special resolution to wind up the company was passed at an EGM
held on Nov. 11 at Arenson Centre, Arenson Way, Dunstable,
Bedfordshire LU5 5UL.  Malcolm Cohen of BDO Stoy Hayward LLP, 8
Baker Street, London W1U 3LL was appointed liquidator.

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


CLOSURE MOULDS: Goes into Liquidation
-------------------------------------
P. Ellse, chairman of Closure Moulds Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Nov. 10 at 2 Rutland Park, Sheffield S10 2PD.  Graham Leslie
Stuart-Harris of Barber Harrison & Platt, 2 Rutland Park,
Sheffield S10 2PD was appointed liquidator.

CONTACT:  CLOSURE MOULDS LTD.
          12 Wentworth Road
          Scunthorpe
          DN17 2AX
          Humberside
          Phone: 01724 282460

          BARBER HARRISON & PLATT
          2 Rutland Park
          Sheffield
          South Yorkshire S10 2PD
          Phone: 0114 266 7171
          Fax: 0114 266 9846
          E-mail: philippab@bhp.co.uk


CORUS GROUP: Invests GBP153 Million in Netherlands
--------------------------------------------------
Corus Group plc has unveiled a major investment of GBP153 million
at IJmuiden in the Netherlands to further expand its product
range capabilities for the automotive and construction markets,
including Advanced High Strength Steels (AHSS).  The investment
in downstream processes will include a new galvanizing line and a
new cold mill.  The new facilities are expected to be operational
in 2008.

Rauke Henstra, Divisional Director Strip Products, said: "We have
evaluated a number of strategic investment opportunities to
further strengthen our capabilities in key customer sectors to
achieve our 'Best supplier to best customer' objectives.  This
investment is a key element of The Corus Way, the Company's
long-term strategy to reinforce the company's market position and
continually improving its performance though selective and
profitable internal growth opportunities."

                        About the Company

Corus Group plc is one of the world's largest metal producers
with turnover of over GBP9 billion and major operating facilities
in the U.K., the Netherlands, Germany, France, Norway, Belgium
and Canada.

Corus' four divisions comprising Strip Products, Long Products,
Aluminium and Distribution & Building Systems provide innovative
solutions to the construction, automotive, rail, general
engineering and packaging markets worldwide.  Corus has over
48,000 employees in over 40 countries and sales offices and
service centers worldwide.

Corus was created through the merger of British Steel plc and
Koninklijke Hoogovens N.V.  It suffered five years ago from the
crisis in British manufacturing, which prompted it to shake up
management, close plants, cut jobs, and sell assets to lower
debt.  Its debt was thought to stand at GBP1.6 billion in 2002.

After posting a net loss of GBP458 million in 2003, it embarked
on a restructuring program, signed a new EUR1.2 billion banking
facility, and issued GBP307 million worth of shares.  It returned
to operating profit in the first quarter of 2004.  The recent
recovery of steel prices and the strength of the euro are
expected to help it achieve relatively strong earnings.

CONTACT:  CORUS GROUP PLC
          30 Millbank
          London SW1P 4WY
          United Kingdom
          Phone: +44-20-7717-4444
          Fax: +44-20-7717-4455
          Web site: http://www.corusgroup.com


DARTFORD RENTALS: Calls in Liquidator
-------------------------------------
K. Simes, director of Dartford Rentals Ltd. (t/a Longfield
Radio), informs that a resolution to wind up the company was
passed at an EGM held on Nov. 10 at 141 Parrock Street,
Gravesend, Kent DA12 1EY.  K. B. Stout, 141 Parrock Street,
Gravesend, Kent DA12 1EY.
Office Holder Number: 5327 was appointed liquidator.

CONTACT:  DARTFORD RENTALS LTD.
          10 Station Road, Dartford,
          Kent, DA3 7QD
          Phone: 01474 703624


DREAM DOORS: Kitchen Fitter Liquidates
--------------------------------------
D. Clark, director of Dream Doors (Northants) Ltd., informs that
a resolution to wind up the company was passed at an EGM held on
Nov. 11 at 15 Main Road, Grendon, Northamptonshire.  R. Neil
Marshman of Marshman & Co, 15 Main Road, Grendon,
Northamptonshire NN7 1JW was appointed liquidator.

CONTACT:  DREAM DOORS (NORTHANTS) LTD.
          9 St Leonards Drive
          Far Cotton
          Northants
          NN4 8DL
          Phone: 01604 677477
          Fax: 07917 302262
          E-mail:  dreamdoorsnorthantsltd@fsmail.net
          Web site: http://www.dreamdoorsltd.co.uk/


E-QUALITAS LIMITED: Liquidator from Crane & Partners Moves in
-------------------------------------------------------------
A. Solesbury, chairman of E-Qualitas Limited, informs that the
subjoined special resolution to wind up the company was passed at
an EGM held on Nov. 22 at Sussex House, 8-10 Homesdale Road,
Bromley, Kent BR2 9LZ.  Guy Charles David Harrison of Crane &
Partners, Sussex House, 8-10 Homesdale Road, Bromley, Kent BR2
9LZ was appointed liquidator.

Creditors are required on or before February 17, 2006 to send in
their send their details, in writing, of any claim against the
company to Guy Charles David Harrison and if so required in
writing their debt or claims.

CONTACT:  CRANE & PARTNERS
          Sussex House,
          8-10 Homesdale Road,
          Bromley, Kent BR2 9LZ
          Phone: 020 8464 0131
          Fax:   020 8464 6018
          Web site: http://www.craneandpartners.com


ESSEX PLANT: Appoints Begbies Traynor Liquidator
------------------------------------------------
Essex Plant Limited informs that a resolution to wind up the
company was passed at an EGM held on Nov. 9 at The Old Exchange,
234 Southchurch Road, Southend-on-Sea, Essex SS1 2EG.  David Paul
Hudson and Lloyd Biscoe of Begbies Traynor, The Old Exchange, 234
Southchurch Road, Southend-on-Sea, Essex SS1 2EG were appointed
Joint Liquidators.

CONTACT:  ESSEX PLANT LTD.
          Machine & Plant Equipment Hire
          New Wick Farm, Southend On Sea, Essex, SS3 0QA
          Phone: 01702 580956

          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


F2 LEISURE: Creditors Meeting Set Friday
----------------------------------------
Creditors of F2 Leisure Limited (Company No 4090755) will meet on
December 9, 2005, 9 p.m. at Crewe Hall Hotel, Weston Road, Crewe,
Cheshire CW1 6UZ.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to Clive Morris, administrator of Marshall Peters,
Heskin Hall Farm, Wood Lane, Heskin, Lancashire PR7 5PA not later
than 12:00 noon, December 8, 2005.

CONTACT:  MARSHALL PETERS
          Heskin Hall Farm, Wood Lane,
          Heskin, Lancashire PR7 5PA


FEDERAL-MOGUL: Court Okays U.K. Insurance Settlement Pact
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware approved
the settlement agreement inked by Federal-Mogul Corporation and
its debtor-affiliates based in the United Kingdom, including T&N
Limited and two insurers resolving the litigation and dispute
over the employers' liability insurance coverage of
asbestos-related claims of employees of T&N and the U.K. Debtors.

A list of the 58 U.K. Debtors is available for free at
http://ResearchArchives.com/t/s?36e

The Employers' Liability Insurers are:

   (a) Royal Insurance Company, now Royal & SunAlliance; and
   (b) Brian Smith Syndicate at Lloyd's.

         The Settlement Agreement Under the EL Schemes

The principal terms of the Employers' Liability Settlement are:

Settlement Amount:     The EL Insurers have placed GBP36,740,000
                       as Settlement Sum in escrow to be
                       transferred on the effective date of the
                       EL Schemes to a trust established
                       Pursuant to the EL Schemes and the Trust
                       Deed and administered by trustees in
                       accordance with the Trust Deed and the
                       Trust Distribution Procedures.

Release:               On the effective date of the EL Schemes,
                       neither the trustees, the Scheme
                       Proposing Companies nor the EL Claimants
                       will be entitled to claim or assert any
                       rights of any nature against the EL
                       Insurers arising out of any EL Claim.

Payment of
Settlement Sum
to EL Claimants:       The Settlement Sum will be distributed in
                       accordance with the Trust Deed and the
                       TDP to the EL Claimants.

Payments to the
EL Insurers:           Upon the effective date of the EL
                       Schemes, the EL Insurers will be deemed
                       to have received the Indemnity Rights
                       Sum, which will be GBP1,260,000.

Contribution to
Costs:                 On the effective date of the EL Schemes,
                       GBP2,000,000 will be released from the
                       Settlement Sum to the Administrators to
                       be applied by the Administrators against
                       fees and expenses they incur in the EL
                       Insurance Litigation.

A full-text copy of the EL Scheme among T&N and the EL claimants
regulating the distribution of the EL settlement fund is
available for free at http://ResearchArchives.com/t/s?370

Headquartered in Southfield, Michigan, Federal-Mogul Corporation
-- http://www.federal-mogul.com/-- is one of the world's largest
automotive parts companies with worldwide revenue of some US$6
billion.  The Company filed for chapter 11 protection on Oct. 1,
2001 (Bankr. Del. Case No. 01-10582).  Lawrence J. Nyhan Esq.,
James F. Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin
Brown & Wood, and Laura Davis Jones Esq., at Pachulski, Stang,
Ziehl, Young, Jones & Weintraub, P.C., represent the Debtors in
their restructuring efforts.  When the Debtors filed for
protection from their creditors, they listed US$10.15 billion in
assets and US$8.86 billion in liabilities.  At Mar. 31, 2005,
Federal-Mogul's balance sheet showed a US$2.048 billion
stockholders' deficit, compared to a US$1.926 billion deficit at
Dec. 31, 2004.  Federal-Mogul Corp.'s U.K. affiliate, Turner &
Newall, is based at Dudley Hill, Bradford.  (Federal-Mogul
Bankruptcy News, Issue No. 98; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


FIREWALKER LEISURE: Health Club Liquidates
------------------------------------------
Kirkwood Walker, chairman of Firewalker Leisure Limited, informs
that resolutions to wind up the company were passed at an EGM
held on Nov. 10 at Birmingham Chamber of Commerce, 75 Harborne
Road, Birmingham B15 3DH.  Alisdair J. Findlay of Findlay James,
Saxon House, Saxon Way, Cheltenham GL52 6QX was appointed
liquidator.

Health club Firewalker Leisure has a membership of 1,500, 45% of
whom are women.  It has a Slim and Fit Club and special deals for
senior citizens.  It also has a nursery, beauty therapist, life
coach and a Malaysian restaurant.  It provides stress busting and
team-building courses for businesses.

CONTACT:  FIREWALKER LEISURE LTD.
          1 Salisbury Street
          Wolverhampton West Midlands WV3 0BG
          Phone: (01902 311800)

          FINDLAY JAMES
          Saxon House
          Saxon Way
          Cheltenham
          Gloucestershire GL52 6QX
          Phone: 01242 576555
          Fax: 01242 576999
          E-mail: ajf@finjam.com


F&R DUNLOP: Tile Retailer Falls into Administration
---------------------------------------------------
Rob Lewis and Derek Howell of PricewaterhouseCoopers were
appointed joint administrators of F&R Dunlop Services Limited,
trading as Tiles R Us, on 5 December 2005.

Tiles R Us is a retailer of tiles, bathrooms, kitchens and
domestic appliances headquartered in Bridgend, South Wales and
operating a network of over 90 retail stores throughout the U.K.
Annual turnover is around GBP40 million.

Following their appointment the joint administrators will
continue to trade the company whilst implementing an operational
restructuring plan and seeking to agree a financial restructuring
plan with the company's creditors.  Immediately following the
appointment of administrators, 30 stores were closed and as a
consequence 131 of the company's 450 staff have been made
redundant.

Customers who are concerned about out standing orders should
contact their local store in the first instance or alternatively
the company's customer care helpline on 08707 775533.

Rob Lewis, joint administrator and director at
PricewaterhouseCoopers, said: "Tiles R Us is one of the largest
tile retailers in the U.K. and the administrators intend to seek
a solution that allows as much of the business to survive as
possible.  Unfortunately however it has been necessary to close
30 stores and as a consequence 131 people have been made
redundant.

"This restructuring should improve the prospects of the remaining
business, and should provide a significantly better outcome than
could be delivered if the business had ceased trading.  Provided
that a workable solution can be agreed with creditors then the
restructured business has a good prospect of trading successfully
in the future.

"In the meantime we would ask for the support of all of the
company's employees and suppliers during the period of
administration in order to provide the administrators with the
best chance of securing the survival of the company as a going
concern."

CONTACT:  F&R DUNLOP SERVICES LIMITED
          Tottenham Hale Retail Park
          Broad Lane
          London N15 4QD
          Phone: 020-8808-8022

          PRICEWATERHOUSECOOPERS
          Jenny Britton
          Business Recovery Services PR Manager
          Phone: 020 7212 2970
          Mobile: 07855 522485

          Rob Lewis
          Director
          Phone: 029 2064 3236


GATE GOURMET: Offers Axed Workers Severance, Option to Return
-------------------------------------------------------------
Gate Gourmet has started rehiring and paying voluntary
compensation to workers under a labor agreement struck in
September.

According to Caterer Search, 19 workers have received payments,
and 16 have received offers to return to work after their
dismissal in August because of wildcat strikes.  The T&G union
believes about 200 staff have been given the option of returning
or taking severance pay.  According to a Gate Gourmet spokesman,
the firm might call back up to 300 workers.  667 strikers were
sacked in August.  The company is still cutting 670 jobs to
improve the performance of its U.K. operation.

Piqued by Gate Gourmet's decision to cut jobs and hire temporary
seasonal workers, several employees staged a walkout in August,
which resulted in their dismissal and triggered a sympathy strike
by British Airways workers at Heathrow.

Gate Gourmet is owned by U.S. private equity firm Texas Pacific
Group.  It has dual headquarters in Reston, Va., and Zurich,
Switzerland and employs 22,000 people in 29 countries.  Its U.K.
operations lost GBP22 million in 2004; a further GBP25 million in
losses is expected this year.  The company has not made a profit
since 2000.

The firm's restructuring adviser is Weil Gotshal & Manges
partners Chris Mallon in London and Steve Karotkin in the U.S.
Clarks Legal Services, of which Michael Sippitt is managing
partner, is advising the company on employment issues.

Latham & Watkins London is advising mezzanine debtors.  The
Latham team is composed of John Houghton, together with corporate
partners Ian Clark and Charles Fuller, employment partner Stephen
Brown and New York restructuring partner Mitchell Seider.  The
senior creditors are advised by Bingham McCutchen partner Barry
Russell.

CONTACT:  GATE GOURMET U.K. & IRELAND
          Phone: 0208 5135013
          Mobile: 07810 561816
          Web site: http://www.gategourmet.com

          BINGHAM MCCUTCHEN
          99 Gresham Street
          London, England EC2V 7HG
          Web site: http://www.bingham.com/bingham/default.asp

          LATHAM & WATKINS
          99 Bishopsgate
          London EC2M 3XF
          England
          Phone: +44-20-7710-1000
          Fax: +44-20-7374-4460
          Web site: http://www.lw.com/

          WEIL GOTSHAL & MANGES
          One South Place
          London EC2M 2WG, England
          Phone: +44 20 7903 1000
          Fax: +44 20 7903 0990
          Web site: http://www.weil.com/

          CLARKS LEGAL SERVICES
          12 Henrietta Street
          Covent Garden
          London
          WC2E 8LH
          England
          Phone: 020 7 539 8000
          Fax: 020 7 539 8001
          Web site: http://www.clarkslegal.com/


GECKO LTD.: EGM Passes Winding-up Resolution
--------------------------------------------
S. Dean, director of Gecko Ltd., informs that a resolution to
wind up the company was passed at an EGM held on Nov. 7 at 8-10
Eastern Road, Romford, Essex RM1 3PJ.  Keith Barry Stout of KSA,
8-10 Eastern Road, Romford, Essex RM1 3PJ was appointed
liquidator.

CONTACT:  GECKO LTD.
          Granville Way, Bicester
          Oxfordshire OX26 4JT
          Phone: 01869246163


HI-TEC HANDLING: Creditors Meeting Next Week
--------------------------------------------
Creditors of Hi-Tec Handling Ltd. (Company No 03867125) will meet
on December 12, 2005, 10:30 a.m. at Monahans, 38-42 Newport
Street, Swindon SN1 3DR.  Creditors who want to be represented at
the meeting may appoint proxies.  Proxy forms must be submitted
together with written debt claims to P. M. McConnell,
administrator of Monahans, 38-42 Newport Street, Swindon SN1 3DR
not later than 12:00 noon, December 9, 2005.

CONTACT:  MONAHANS
          38-42 Newport Street
          Swindon
          Wiltshire SN1 3DR
          Phone: 01793 521231
          Fax: 01793 512188
          E-mail: paulm@monahans.co.uk


HM PRECISION: Calls in Joint Liquidators
----------------------------------------
S. Holford, chairman of HM Precision Fabrications Limited,
informs that resolutions to wind up the company were passed at an
EGM held on Nov. 9 at The Holiday Inn, Clayton Road, Newcastle,
Staffordshire ST5 4DL.  Peter Jones and Roderick M. Withinshaw of
Royce Peeling Green Limited, The Copper Room, Deva Centre,
Trinity Way, Manchester M3 7BG were appointed Joint Liquidators.

CONTACT:  HM PRECISION FABRICATIONS LIMITED
          Units 6-7
          Grove Road Industrial Estate
          Grove Road
          Stoke-On-Trent
          ST4 4LG
          United Kingdom
          Phone: (01782) 333595
          Fax: (01782) 330584

          ROYCE PEELING GREEN
          The Copper Room
          Deva Center, Trinity Way,
          Manchester M3 7BG
          Phone: 0161 6080000
          Fax:   0161 608 0001
          E-mail: info@rpg.co.uk
          Web site: http://www.rpg.co.uk


HOLDEN MANUFACTURING: Creditors Meeting Set Next Week
-----------------------------------------------------
Creditors of Holden Manufacturing Limited (Company No 2719233)
will meet on December 12, 2005, 12 noon at The Holiday Inn,
Carburton Street, London W1W 5EE.  Creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms must
be submitted together with written debt claims to Bernard Hoffman
and Ian Douglas Yerrill of Kent House, Station Road, Ashford,
Kent TN23 1PP not later than 12:00 noon, December 9, 2005.

CONTACT:  GERALD EDELMAN BUSINESS RECOVERY
          Phone: 020 7299 1400
          Fax: 020 7637 1440
          E-mails: bhoffman@GeraldEdelman.com
                   insolvency@edelman.co.uk


JARVIS PLC: Unit Strikes 3-year Supply Deal with Network Rail
-------------------------------------------------------------
Fastline Ltd., a unit of Jarvis plc, has signed a
multi-million-pound contract with Network Rail for the delivery
of on-track machines, as part of a three-year contract, with
options to extend up to five years.  The contract will be worth
GBP22 million in the first year.

The Fastline contract, which will start in April 2006, is part of
Network Rail's national tender for 107 tampers, regulators and
dynamic track stabilizers.  Fastline will supply a good
proportion of the on-track machines.  Fastline is one of a number
of companies to be awarded contracts under the tender.

         Statement of Managing Director Michael Houghton

This contract represents Fastline's growing reputation within the
rail infrastructure services industry for high quality,
innovative, cost-effective and high performance equipment.

It is a testament to the hard work of the Fastline team that we
have secured a significant part of the tender.  We are delighted
to play a part in Network Rail's drive to achieve the most
effective, reliable and efficient way of managing the rail
infrastructure.

While Fastline has an extensive range of on-track machines across
the U.K. rail network, we also take an innovative approach to
technology development, designing and producing niche rail
products that deliver proven efficiencies for our customer.

We will be working very hard to provide Network Rail with the
quality and service they require to meet their targets, and in
turn to secure further extensions to this contract.

We will be working very hard to provide Network Rail with the
quality and service they require to meet their targets, and in
turn to secure further extensions to this contract.

CONTACT:  JARVIS PLC
          Meridian House
          The Crescent
          York
          YO24 1AW
          Phone: +44-20-7017-8000
          Fax: +44-20-7017-0083
          Web site: http://www.jarvisplc.com


LANGBAR INTERNATIONAL: Main Investor Asks Interpol for Help
-----------------------------------------------------------
Corporate investigations firm Kroll suspects serious fraud at
Langbar International, formerly Crown Corporation, according to
Times Online.

Kroll could not account for some GBP365 million of the company's
cash deposits, the report said.   Stuart Pearson, Langbar's chief
executive, has asked the Serious Fraud Office to investigate the
matter.

Last year, Langbar's auditor Baker Tilly refused to sign the
firm's accounts and subsequently resigned over the wide-ranging
role of major shareholder Abraham "Avi" Arad.  Mr. Arad arranged
the initial GBP150 million backing for Crown in 2003 and set up
its biggest deals.  He invested in Crown via investment vehicle
Lambert Financial, taking a 59% stake.  Lambert runs funds for
2,000 Jewish pensioners in Israel, Argentina and Germany.  It is
considered the largest cash shell on the Alternative Investment
Market (AIM).  Mr. Arad has asked Interpol to participate in the
investigation.

When Baker Tilly resigned, Mr. Arad suggested as replacement
small Spanish firm Gironella Velasco, which Jean-Pierre Regli,
Crown's co-founder and treasurer, describes as a very reputable
firm.

Mr. Pearson joined Crown in June when Crown bought Langbar
Capital, his small corporate-finance boutique.  He agreed to
become chief executive only after receiving assurances that it
had substantial cash deposits according to the audit of Gironella
Velasco.  However, doubts regarding the asset resurfaced, and
Kroll was appointed.

Mr. Regli refused to sign the most recent financial statements of
Langbar.  He said Mr. Pearson won't allow him to look into the
firm's bank accounts.  He said he had already planned to resign
when the alleged fraud was discovered.  He insists the missing
account exists: "I was in Brazil with Keith Smith (of Nabarro
Wells, Crown's financial adviser).  We met officers of Banco do
Brasil.  We saw the money was there."

He denies opening a US$294 million (GBP169 million) account in
ABN Amro in the Netherlands.  He said: "I don't know who did, but
I did not.  Stuart Pearson went to Brazil with Avi Arad and he
came back with these funny documents."

Meanwhile, shareholders, led by Duncan Soukup of Acquisitor
Holdings, are considering appointing insolvency specialist David
Buchler to replace Mr. Pearson.  Acquisitor invested about
GBP350,000 in Langbar in the final weeks before the shares were
suspended in October.

Mr. Soukup wants an independent figure for the investigation.
Some leading shareholders, however, think a probe would be futile
since there is unlikely any substantial assets to be recovered
from the company.

Crown floated in October 2003.  It pursued a wide variety of
possible investments in Argentina, Canada, Russia, Eastern
Europe, Spain and Portugal.  It was renamed Langbar after Mr.
Pearson became chief executive.

CONTACT:  LANGBAR INTERNATIONAL
          Reid House, 31 Church Street
          Hamilton HM 12

          KROLL EUROPE, MIDDLE EAST & AFRICA
          10 Fleet Place
          London EC4M 7RB
          United Kingdom
          Phone: 44 (0) 207 029 5000
          Fax: 44 (0) 207 029 5001


LONDON & MIDLAND: Calls in PwC Liquidators
------------------------------------------
J. W. Hetherington, chairman of London & Midland Industrials
Limited, informs that the special and ordinary resolutions to
wind up the company were passed at an EGM held on Nov. 24.
Jonathan Sisson and Richard Setchim of PricewaterhouseCoopers
LLP, 12 Plumtree Court, London EC4A 4HT were appointed joint
liquidators.

CONTACT:  PRICEWATERHOUSECOOPERS LLP
          Plumtree Court
          London EC4A 4HT
          Phone: [44] (20) 7583 5000
          Fax:   [44] (20) 7822 4652
          Web site: http://www.pwc.com


PIPE ACQUISITION: S&P Rates Senior Secured Debt CCC+
----------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B-' long-term
corporate credit rating to U.K.-based steel distributor Pipe
Acquisition Ltd. and related entity Murray International Metals
Ltd.  The outlook on both entities is stable.  In addition,
Standard & Poor's assigned its 'CCC+' senior secured debt rating
to PAL's proposed senior secured bond issue.

PAL will use the proceeds of the issue to acquire 100% of MIM,
which is the sister company of U.S.-based specialty metal
distributor Edgen Corp. (B-/Stable/--).

"PAL remains vulnerable, owing to its relatively small scale, and
high dependence on the cyclical oil and gas industry upstream and
the competitive steel industry downstream," said Standard &
Poor's credit analyst Olivier Beroud. "The company's narrow scope
of operations, variable pipeline of projects, limited liquidity,
and high leverage also weigh heavily on the ratings."

In the near term, these negative factors outweigh MIM's
successful track record and proven expertise in offshore
projects, good geographical diversification, low fixed costs, and
minimal capital expenditure requirements.

MIM specializes in the worldwide supply of high-grade steel
products to oil and gas companies, for offshore projects outside
the U.S. Average operating income for the three-years to January
2005 was a respectable 12.1%, reflecting the company's strong
niche position, and we expect this to remain at similar levels
for the next couple of years.  MIM's niche position, however,
renders it highly sensitive to market changes, and the company
remains subject to potential pressure from new competitors in
emerging markets.

"We expect that PAL will benefit from MIM's strengthening
position as a niche distributor outside the U.S., and from
recently built assets in Singapore and the United Arab Emirates,"
said Mr. Beroud.  "A modest near-term improvement in financial
performance is also likely, which should keep PAL in line with
the ratings level."

Prolonged and successful business development, especially in
emerging markets, would strengthen PAL's financial profile
through debt reduction, and could lead to a ratings upgrade.
Conversely, a reversal in the trend of oil and gas investments,
or further strain on the capital structure, would have negative
implications for the ratings.

Ratings information is available to subscribers of RatingsDirect
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: Client Support Europe (44)
20-7176-7176; 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


RANK GROUP: Predicts Lower Second-half Profit
---------------------------------------------
Since the half-year, the trading performance of The Rank Group
plc has followed similar trends to those witnessed in the first
half.  Revenues are up year-on-year, but operating costs are
higher and sportsbook margins remain weak.  As a consequence we
expect adjusted profit before tax for continuing operations to be
slightly lower than in 2004.

Gaming

In Mecca U.K., revenue for the year to date is broadly flat,
driven by 6% growth in spend per head and a 6% fall in
admissions.  Operating margin remains under pressure from labor
and energy related cost inflation.  Top Rank Espana, the Spanish
bingo operation, continues to deliver steady growth.

In Grosvenor Casinos, we have generated 3% growth in revenue for
the year-to-date, with admissions up 9% but handle per head down
7%.  Revenue growth has accelerated since the start of October as
a result of higher admissions and increased contributions from
slot machines.  However, it is too early to ascribe with
precision how much of this may be driven by the changes in
gambling regulations, due to current levels of promotional
activity in the business.

Since the half-year, we have secured a license for a new casino
in Stockton-on-Tees, bringing the total of new licenses granted
this year to six.  Applications are in place for a further four
casinos.

Blue Square's performance has stabilized following a weak first
half.  In sports betting, win margins remain down year-on-year
but we are generating strong customer and volume growth in on
line gaming, largely from our casino, poker room and bingo
products.

Hard Rock

At Hard Rock we have generated 4% growth year-to-date in
like-for-like sales (company-owned operations only) with food and
beverage up 5% and merchandise ahead by 1%.  Strong trading at
the relocated Hard Rock Cafe New York (which opened in September)
contributed to this performance.

Hard Rock Casinos and Hard Rock Hotels continue to drive revenue
growth within franchised operations, albeit at a slower rate than
in the first half (which benefited from the year-on-year impact
of the opening of the Seminole casinos in May 2004).

Deluxe Film

Deluxe Film has performed well, with Film Laboratories delivering
year-on-year growth in footage processed and distributed.
Creative Services continues to be the main driver of profit
growth and is well positioned to take advantage of developments
in the digital sector of the market.

Sale of Deluxe Film and sale of Deluxe Media Services

We are making steady progress with the planned sales of both
Deluxe Film and Deluxe Media Services.  We have preferred but not
exclusive bidders for each business.

CONTACT:  THE RANK GROUP PLC
          Investor Relations
          6 Connaught Place
          London W2 2EZ
          Phone: +44 (0) 20 7706 1111
          Fax: +44 (0) 20 7706 1092
          Web site: http://www.rank.com


RENTOKIL INITIAL: Completes Sale of Style Conferences
-----------------------------------------------------
Further to the announcement on 29 November 2005, Rentokil Initial
plc has revealed that the disposal of Initial Style Conferences
to Alternative Hotel Group has now been completed.

Greenhill & Co. International LLP, which is regulated by the
Financial Services Authority, is acting for Rentokil Initial plc
in connection with the disposal of Style Conferences and for no
one else and will not be responsible to anyone other than
Rentokil Initial plc for providing the protections afforded to
customers of Greenhill & Co. nor for providing advice in relation
to this transaction.

                        About the Company

Rentokil Initial is one of the largest business services
companies in the world, operating in the major economies of
Europe, North America, Asia Pacific and Africa.  The company has
some 90,000 employees providing a range of support services in
over 40 countries.

Rentokil's restructuring took effect in June and the New
Rentokil Initial shares were admitted to the Official List and to
trading on the London Stock Exchange's market for listed
securities at that time.

In August, the company reported that turnover in the first half
of 2005 was up 3.2% to GBP1,167.2 million, while operating income
was down 33% to GBP119.2 million.  Profit before tax plunged
40.3% to GBP93.2 million.

CONTACT:  RENTOKIL INITIAL PLC
          Felcourt
          East Grinstead
          West Sussex RH19 2JY
          Phone: +44-1342-833-022
          Fax: +44-1342-326-229
          E-mail: pr@rentokil-initial.co.uk
          Web site: http://www.rentokil-initial.com

          GREENHILL & CO. INTERNATIONAL LLP
          Simon Borrows
          Edward Wakefield
          Phone: +44 (0) 20 7440 0400


RON DARBY: Names DTE Leonard Curtis Administrator
-------------------------------------------------
P. D. Masters and A. Clifton (IP Nos 8262, 8766) of DTE Leonard
Curtis were appointed administrators of Ron Darby Products
Limited (Company No 02706794) on Nov. 22.  Its registered office
is at 5 Tamarisk Close, Selly Oak, Birmingham, West Midlands B29
4DB.  The company produces meat and poultry products.

CONTACT:  RON DARBY PRODUCTS LTD.
          Hayseech Road
          Halesowen
          West Midlands
          Phone: 0121-503-0718

          DTE LEONRD CURTIS
          85-89 Colmore Row
          Birmingham
          West Midlands B3 2BB
          Phone: 0121 200 2111
          Fax: 0121 200 2122
          E-mail: AClifton@dte-leonardcurtis.com


ROUBI L'ROUBI: Administrators from Tenon Recovery Enter Firm
------------------------------------------------------------
S. R. Thomas and S. J. Parker (IP Nos 8920, 8989) of Tenon
Recovery were appointed administrators of Roubi L'Roubi Limited
(Company No 4978200) on Nov. 18.

Roubi L'Roubi -- http://www.roubi.co.uk/-- sells and designs
wardrobes, from occasion evening dresses to bespoke tailoring for
executive and leisure wear.

CONTACT:  ROUBI L'ROUBI LIMITED
          9A Fitzgeorge Avenue
          London W14 0SY
          Phone: +44 (0) 207 602 9867
          E-mail: roubi@roubi.co.uk

          TENON RECOVERY
          Sherlock House
          73 Baker Street
          London W1U 6RD
          Phone: 020 7935 5566
          Fax: 020 7935 3512
          E-mail: bakerstreet@tenongroup.com
          Web site: http://www.tenongroup.com


SAVAGE MANUFACTURING: BDO Stoy Hayward Administrators Move in
-------------------------------------------------------------
Mark Peter George Roach and Simon Edward Jex Girling (IP Nos
009231, 009283) of BDO Stoy Hayward LLP were appointed
Savage Manufacturing Limited (Company No 04524071) on Nov. 22.
The company manufactures steel shelving.

CONTACT:  SAVAGE MANUFACTURING LIMITED
          Linden Close,
          Torrington, Devon EX38 7AL
          Phone: 01805 624977

          BDO STOY HAYWARD
          Fourth Floor
          One Victoria Street
          Bristol BS1 6AA
          Phone: 0117 934 2800
          Fax: 0117 922 5191
          E-mail: graham.randall@numerica.biz


SDL (SCOTLAND): Appoints Begbies Traynor Administrator
------------------------------------------------------
Paul Stanley and Richard William Traynor (IP Nos 8123, 6730) of
Begbies Traynor were appointed administrators of SDL (Scotland)
Limited (Company No 04339544) on Nov. 16

SDL (Scotland) -- http://www.sdlscotland.co.uk/-- sells exhaust
systems for vehicles.

CONTACT:  SDL (SCOTLAND) LIMITED
          23 Hewitt Business Park
          Winstanley Road
          Orrell, Wigan WN5 7XB
          Phone: 01695 627670
          Fax: 01695 627679

          BEGBIES TRAYNOR
          Elliot House
          151 Deansgate
          Manchester M3 3BP
          Phone: 0161 839 0900
          Fax: 0161 839 7436
          E-mail: manchester@begbies-traynor.com
          Web site: http://www.begbies.com


SEA CONTAINERS: Names Ian Durant Interim Chief Executive
--------------------------------------------------------
Sea Containers Ltd. said on Dec. 1 that its President and Chief
Executive Officer, James B. Sherwood, has asked to be relieved of
his Chief Executive duties on an interim basis for health
reasons.  He will remain as Chairman of the Board.

Mr. Sherwood recently underwent successful surgery and has now
returned to the office on a part time basis.  He and the rest of
the board feel that implementation of the company restructuring
program which was announced on November 3, 2005 plus supervision
of day to day operations should not be delayed pending his full
time return to the company.  The board met on Nov. 25, 2005 and
agreed to Mr. Sherwood's request that the Chief Executive role be
transferred to Mr. Durant, who has been performing this role
during Mr. Sherwood's hospitalization.

The previously announced search for a new Chief Executive is now
well advanced and it is hoped that an appointment will be made
early in the new year.

Mr. Durant said: "I am happy to assume this new responsibility on
an interim basis and can assure investors that the restructuring
program is being pursued with full speed."

Sea Containers -- http://www.seacontainers.com-- (NYSE: SCRA and
SCRB) is a marine container lessor, railways and ferries
operator.

                          Restructuring Plan

Sea Containers is restructuring its loss-making ferries division,
which consists of Finnish-based Silja Oy Ab (the largest), a
car-carrying ferries business with 9 ships, and New York-based
commuter ferry service SeaStreak.  It has hired Societe Generale
to sell Silja.  Further, it is selling cruise ship m.v. Walrus,
Swedish flag cruise ship m.v. Silja Opera, and m.v. Finnjet.  It
is also taking out one of its three SuperSeaCat fast ferries, and
investing US$12 million to upgrade its flagship vessels Silja
Serenade and Silja Symphony.  The funding for the modernization
will be raised through asset sales.  It is reducing staff and
offices in Finland, Sweden and Germany to save up to US$18
million.

The company has a third-quarter net loss of US$34.4 million on
revenue of US$456 million, and a nine-month net loss of US$58.5
million on revenue of US$1.3 billion.

CONTACT:  SEA CONTAINERS LTD.
          Media and general enquiries:
          Lisa Barnard, Director of Communications
          Phone: +44 20 7805 5850
          E-mail: lisa.barnard@seacontainers.com

          Investor Relations enquiries:
          William W. Galvin III, The Galvin Partnership
          Phone: +1 (203) 618-9800
          E-mail: wwg@galvinpartners.com


SEWSCAN THREADS: Administrators from Bridgestones Enter Firm
------------------------------------------------------------
Jonathan Guy Lord and Robert Lochmohr Cooksey (IP Nos 9040 and
9041) of Bridgestones were appointed administrators of Sewscan
Threads Ltd. (Company No 003398166) on Nov. 23.  The company
wholesales thread and upholstery materials.

CONTACT:  SEWSCAN THREADS LTD.
          10 Harding Street
          Leicester LE1 4DH
          Leicestershire
          Phone: 0116 251 4333
          Fax: 0116 262 7762

          BRIDGESTONES
          125-127 Union Street
          Oldham
          Lancashire OL1 1TE
          Phone: 0161 785 3700
          Fax: 0161 785 3701
          E-mail: rlc@bridgestones.co.uk


SIMON FINCH: Creditors Meeting Set Next Week
--------------------------------------------
Unsecured creditors or Simon Finch Rare Books Limited (Reg No
02584075) will meet on December 15, 2005, 11 p.m. at
PricewaterhouseCoopers LLP, Plumtree Court, London EC4A 4HT.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to PricewaterhouseCoopers LLP, Plumtree Court, London
EC4A 4HT not later than 12:00 noon, December 14, 2005.

Simon Finch Rare Books -- http://www.simonfinch.com/-- was
established in the early 1980s.  The company is based in Maddox
Street, London.  It specializes in English and continental
literature, science and medicine, early printing, art,
architecture and design, photography, and the social sciences.

CONTACT:  SIMON FINCH RARE BOOKS LIMITED
          53 Maddox Street
          London W1S 2PN
          Phone: 020 7499 0974

          PRICEWATERHOUSECOOPERS LLP
          Plumtree Court
          London EC4A 4HT
          Phone: [44] (20) 7583 5000
          Fax:   [44] (20) 7822 4652
          Web site: http://www.pwc.com


SR GENT: HSBC Bank Appoints PricewaterhouseCoopers Receiver
-----------------------------------------------------------
Company Names: SR GENT (INTERNATIONAL) LIMITED
               (formerly Broomco (393) Limited)
               (Reg No 02516071)

               SR GENT PLC
               (Reg No 00373330)

HSBC Bank Plc appointed Michael David Gercke, Ian David Green and
Steven Anthony Pearson (Office Holder Nos 2360, 9045 and 8832) of
PricewaterhouseCoopers LLP joint administrative receivers of
these companies on Nov. 22.

SR Gent International -- http://www.srgent.com/-- supplies
ladies and children's clothing.

CONTACT:  SR GENT INTERNATIONAL LTD.
          8 Harewood Row
          London NW1 6SE
          Phone: 020 7723 4243
          Fax: 020 7616 2269

          PRICEWATERHOUSECOOPERS LLP
          Plumtree Court
          London EC4A 4HT
          Phone: [44] (20) 7583 5000
          Fax:   [44] (20) 7822 4652
          Web site: http://www.pwc.com


WIGGINS FAIRFIELD: Sets Creditors Meeting December 14
-----------------------------------------------------
Creditors of Wiggins Fairfield Limited will meet on December 14,
2005, 2 p.m. at Grant Thornton House, Melton Street, Euston
Square, London NW1 2EP.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to A. Conquest, joint administrator of Grant Thornton
House, Melton Street, Euston Square, London NW1 2EP not later
than 12:00 noon, December 12, 2005.

CONTACT:  GRANT THORNTON U.K. LLP
          Grant Thornton House
          Melton Street
          Euston Square
          London NW1 2EP
          Phone: 020 7383 5100
          Fax: 020 7383 4715
          Web site: http://www.grant-thornton.co.uk


WYRECROFT LIMITED: Energy Cable Manufacturer Hires Administrator
----------------------------------------------------------------
Martin A. Shaw and Charles M. Brook (IP Nos 6334, 9157) of Tenon
Recovery were appointed administrators of Wyrecroft Limited
(Company No 01865731) on Nov. 22.

Wyrecroft Limited -- http://www.wyrecroft.com/-- manufactures
energy cables.

CONTACT:  WYRECROFT LTD.
          Castle Street
          Flint CH6 5PF
          Flintshire
          Phone: 01352 761101
          Fax: 01352 761102

          TENON RECOVERY
          100 Wakefield Road
          Lepton
          Huddersfield
          West Yorkshire HD8 0DL
          Phone: 01484 607444
          Fax: 01484 608776
          E-mail: cmb@marchands.org.uk


                            *********


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

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

Copyright 2005.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

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

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


                 * * * End of Transmission * * *