TCREUR_Public/051228.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

          Wednesday, December 28, 2005, Vol. 6, No. 257

                            Headlines

B U L G A R I A

DSK BANK: Moody's Mulls Rating Upgrade
PIRAEUS EUROBANK: Moody's Reviews Ratings for Upgrade


C Z E C H   R E P U B L I C

CZECH AIRLINES: Cuts Dubai Flights; Suspends Sri Lanka Service
VSEOBECNA ZDRAVOTNI: Audit Results Out January


F R A N C E

BULL S.A.: Carries out Share Consolidation
LANSON INTERNATIONAL: Owners Reach Deal with Boizel Chanoine


G E R M A N Y

ANDREAS FORSTREUTER: Creditors Meeting Set March
AUTOHAUS STANKE: Succumbs to Bankruptcy
DAIMLERCHRYSLER AG: Mercedes Recalls 61,000 C-Class Sedans
DRITTE NAUTIRA: Creditors' Claims Due February
ELOP DRESDEN: Court Calls in Administrator from HWW

ERKO-GRUNDSTUECKS: Under Bankruptcy Administration
GIESE GMBH: Claims Filing Period Ends January 11
GREUTER & KERSCHER: Fuerth Company Goes Bust
GSS GEMINI: Proofs of Claim Due Next Month
HANTZSCH-BAUUNTERNEHMEN: Court Names HWW Administrator

KUKA ROBOTER: Cutting Sites, Jobs Next Year
PFLEIDERER AG: Exclusivity Agreement with Vossloh Expires
SCHEWE BAU: Derra, Meyer & Partner Takes over
SKS - AUSBAUSYSTEME: Creditors to Meet March
STEINBACHER UND SCHWARZ: Creditors' Claims Due February
ZWEITE NAUTIRA: Bremen Court Calls in Administrator


K Y R G Y Z S T A N

AEAN LEGAL: Sets Proofs of Claim Deadline
AK-ORGO-SERVICE: Creditors' Claim Due February
JBI-20: Public Auction Set January 10


N E T H E R L A N D S

ROYAL SHELL: Bids for LPG Biz Fall Short; Sale may be Scrapped
ROYAL SHELL: Pumps up Global LNG Portfolio


R U S S I A

AGRO-MINERAL: Court Appoints Insolvency Manager
AZOV-K: Bankruptcy Hearing Resumes January 25
BUILDING ASSEMBLY: Under Bankruptcy Supervision
GAZPROMBANK: Financial Strength Raised to D-
KUZNETSKIY FACTORY: Undergoes Bankruptcy Supervision Procedure

METALLIST: Declared Insolvent
MINE KOTUY: Insolvency Manager Takes over Helm
MIXI-CERAMICS: Succumbs to Bankruptcy
PROMSVYAZ FINANCE: Ratings Upgraded to Ba3/D-
RAZREZ-COAL HOLDING: Falls under Bankruptcy Supervision
SEVER-SPETS-REMONT: Bankruptcy Hearing Set January 16
VYKSA-METALLURG-STROY: Claims Filing Period Ends January 8


U K R A I N E

GALICHTSUKOR: Claims Deadline Expires Tomorrow
KRASNOGRAD FOOD: Court Appoints Liquidator
PRESTIGE: Declared Insolvent
RENTA: Gives Creditors Until Tomorrow to File Claims
STRIMTEKS: Insolvency Manager Steps in

SUMIAGROTEHSERVICE: Court Grants Debt Moratorium
TRANS-SV: Succumbs to Insolvency
TYAZHPROMKOMPLEKT: Creditors' Claims Due Thursday


U N I T E D   K I N G D O M

A1 COMPANY: Calls in Liquidator from Berley
ARLESTON LIMITED: Claims Deadline January 9
BAL NOMINEES: Appoints Deloitte & Touche Liquidator
COLEMAN-COHEN: Hires Begbies Traynor as Liquidator
FISHER MANAGEMENT: Files for Liquidation

FRIEDRICH KOCKS: Names Sutcliffe & Co. Liquidator
GEO. LINNECOR: Hires Begbies Traynor to Liquidate Business
GROBY LIMITED: Gives Creditors Until January 5 to File Claims
HOUSING ORGANISATION: Liquidators Move in
IGE HEALTHCARE: Claims Deadline Expires December 31

INTERNATIONAL MEDICAL: Names Geoffrey Martin & Co. Liquidator
JARVIS PLC: Prismo Unit Wins GBP600,000 Contract
K9 MEDIA: Claims Filing Period Ends Tomorrow
MISYS PLC: Banking Systems Unit to Boost Asian Presence
OFFERTON HOLDINGS: Calls in Deloitte & Touche Liquidator
PRIORY MRI: Hires Poppleton & Appleby Liquidator
RBQ MANAGEMENT: Liquidator from Oury Clark Enters Firm


                            *********


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


DSK BANK: Moody's Mulls Rating Upgrade
--------------------------------------
Moody's Investors Service has placed on review for upgrade the
Ba1/Not-Prime long- and short-term foreign currency deposit
ratings of DSK Bank plc.

This action follows placing of Bulgaria's Ba1 and Not-Prime
foreign currency deposit ceilings on review for possible
upgrade.  The bank's other ratings remain unaffected by this
action.

Moody's states that ceilings for such deposits in Bulgaria
constrain the ratings of DSK Bank at the Ba1/Not-Prime level,
and therefore move in line with these ceilings.  The long-term
foreign currency deposit ratings of DSK Bank and Piraeus
Eurobank are pushed up to the Ba1 ceiling because of the high
likelihood of support from parent OTP Bank (Hungary), rated
A1/Prime-1/B-.

Headquartered in Sofia, DSK Bank plc had total assets of
BGL3,966 million (EUR2.028 billion) in June 2005.

CONTACT:  MOODY'S INVESTORS SERVICE CYPRUS LIMITED (LIMASSOL)
          Mardig Haladjian, General Manager
          Financial Institutions Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454

          George Chrysaphinis, Asst Vice President - Analyst
          Financial Institutions Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454


PIRAEUS EUROBANK: Moody's Reviews Ratings for Upgrade
-----------------------------------------------------
Moody's Investors Service has placed on review for upgrade the
Ba1/Not-Prime long- and short-term foreign currency deposit
ratings of Piraeus Eurobank AD.

This action follows placing of Bulgaria's Ba1 and Not-Prime
foreign currency deposit ceilings on review for possible
upgrade.  The bank's other ratings remain unaffected by this
action.

Moody's states that ceilings for such deposits in Bulgaria
constrain the ratings of Piraeus Eurobank at the Ba1/Not-Prime
level, and therefore move in line with these ceilings.  The
long-term foreign currency deposit ratings of Piraeus Eurobank
are pushed up to the Ba1 ceiling because of the high likelihood
of support from parent Piraeus Bank S.A. (Greece), rated
Baa1/Prime-2/C-).

Headquartered in Sofia, Piraeus Eurobank AD had total assets of
BGL473 million (EUR241.87 million) in June 2005.

CONTACT:  MOODY'S INVESTORS SERVICE CYPRUS LIMITED (LIMASSOL)
          Mardig Haladjian, General Manager
          Financial Institutions Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454

          George Chrysaphinis, Asst. Vice President - Analyst
          Financial Institutions Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454


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


CZECH AIRLINES: Cuts Dubai Flights; Suspends Sri Lanka Service
--------------------------------------------------------------
Czech Airlines A.S. (CSA) will reduce in May 2006 the number of
flights from Prague to Dubai to three times weekly from four,
Pravo says.

According to Jakub Kolar, CSA's director for countries in the
Gulf region, the reduction was due to Czech Republic's very
strict visa policy towards Arab countries.  CSA will also
suspend flight to Sri Lanka due to a significant decline in
number of tourist going to the country after the tsunami
incident in December 2004.

The carrier recently decided to end flights to Baku, Azerbaijan
on Jan. 6, 2005 as part of a program to abandon flights to the
West to concentrate on destinations in the East, where markets
are fairly small, but steadily growing.

Czech Airlines reported a loss of CZK464 million, instead of an
expected CZK177 million profit in the first half due to high
fuel prices.  It now expects a loss for the full year of between
CZK350 million and CZK550 million, and not a profit of CZK522
million as projected.

CONTACT:  CESKE AEROLINIE A.S.
          Prague Ruzyni Airport
          160 08 Prague, 6, Czech Republic
          Phone: +42 220 104 310
          Fax: +42 224 81 04 26
          Web site: http://www.csa.cz


VSEOBECNA ZDRAVOTNI: Audit Results Out January
----------------------------------------------
The Health Ministry has until January 11, 2006 to submit the
result of its audit on Vseobecna zdravotni Pojistovna Ceske
Republiky (The General Health Insurance Company, VZP), Czech
News Agency says.

On that day, the Chamber of Deputies Commission of Investigation
will also meet to discuss the report and may grill members of
the auditing team, Commission chair Jozef Kubinyi said.  Later
in April, the Commission will look into the alleged
mismanagement at VZP, which accordingly caused its debt to
balloon.

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.  The ministry blames it on the poor
performance of outgoing director Jirina Musilkova.  She leaves
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
===========


BULL S.A.: Carries out Share Consolidation
------------------------------------------
In accordance with commitments made earlier this year, the
consolidation of Bull S.A. shares has been implemented from
Monday, December 19, 2005 as of market open.

This consolidation involves:

(a) consolidation parity: exchange of 10 old shares against 1
    new share;

(b) quantity of shares to be consolidated: 967,857,990 with a
    EUR0.01 nominal value;

(c) quantity of new shares to be created by the consolidation:
    96,785,799 with a EUR0.10 nominal value;

(d) trading place of shares to be consolidated: Eurolist B,
    Euronext Paris;

(e) ISIN code of shares to be consolidated: FR0000052607; and

(f) ISIN code of post consolidation shares: FR0010266601.

The consolidation will happen automatically for each lot of 10
old shares.  Shareholders who did not have a quantity of old
shares corresponding to a multiple of 10 will be responsible for
dealing with leftover shares.  Old shares will remain listed
until December 19, 2007.

At the end of the two-year period, post consolidation shares
corresponding to any shares that have not been consolidated will
be sold automatically.  The proceeds of the sale will be
redistributed to indemnify holders of non-consolidated shares.
In case this repayment is not immediately feasible, the
corresponding amount will be held for a period of 10 years by
Credit Agricole Investor Services (CAIS) CT, 14, rue Rouget de
Lisle, 92130 Issy-les-Moulineaux Cedex 9, in an account for the
benefit of the shareholder.

                        About the Company

Bull designs and develops servers, software and services for an
open environment, integrating the most advanced technologies.
It implemented a three-step turnaround plan in 2002 after being
hurt by steadily declining revenues since 1997.  Its position
deteriorated owing to the stock market crisis affecting
technology stocks, the crisis in the Internet sector and the
collapse of telecommunications markets.

                          Restructuring

In 2004, the last and essential steps of the recapitalization
process were completed.  The market operations launched in June
2004 (capital increase, and Oceane bonds public exchange offer)
were successfully carried out allowing Bull to raise EUR61
million.

On December 1, 2004 the European Commission approved the EUR517
million restructuring aid proposed by the government.  Bull
received the amount on January 14 this year.  This aid is tied
to a profit sharing agreement under the terms of which Bull will
pay the French State 23.5% of the consolidated profit before tax
exceeding EUR10 million for 8 years.

The payment of this aid was subject to Bull's reimbursement of a
shareholder advance of the same amount (capital & interests)
granted by the French State in 2001 and 2002 and converted in
March 2004 into a subordinated loan.  This reimbursement took
place in January 2005.  The recapitalization of Bull is now
complete.

                         Status to date

The action plan launched in 2002 helped Bull record its first
six months of growth since 1999 in July.  It reported net income
of EUR9.4 million.  It hopes to bring its Italian operations to
breakeven at the end of 2005.

In February, Standard & Poor's Ratings Services revised its
outlook on Bull to positive from stable, primarily reflecting
the sequential stabilization, in second-half 2004, of the
company's business performance, including revenues and EBIT,
growing bookings, and rising free cash flow.  At the same time,
Standard & Poor's affirmed its 'B-' long-term corporate credit
rating on the group.

CONTACT:  BULL S.A.
          Anne-Marie Jourdain
          rue Jean Jaures
          78340 Les Clayes sous Bois
          France
          Phone: +33(0)1 30 80 32 52
          E-mail: anne-marie.jourdain@bull.net
          Web site: http://www.bull.com/fr


LANSON INTERNATIONAL: Owners Reach Deal with Boizel Chanoine
------------------------------------------------------------
The Boizel Chanoine Champagne (BCC) will acquire debt-laden
Lanson International, Les Echos says.

After more than a week of exclusive talks, BCC will acquire the
44% stake of Caisse Nationale des Caisses d'Epargne et de
Prevoyance (CNCE) and the 56% holdings of majority owner Mora
family.  CNCE approved the sale Thursday.

BCC had bid for Lanson, offering EUR120 million, but withdrew
the offer along with Jean-Claude Darmon, leaving Capital Butler
the sole bidder.  Butler, however, withdrew after the Mora
family and CNCE refused to open its accounts for review.  In
addition, grape growers had refused to guarantee supply to
Lanson.

Meanwhile, Lanson employees staged Monday a demonstration
outside CNCE's head office, calling on the group to fulfill its
promise to keep track of the champagne maker's development.

Lanson is the country's second-largest champagne producer by
volume.  It has been up for sale since June.  Set up in 1760,
Lanson manufactures Champagne Lanson, Besserat de Bellefon and
Gauthier.  The group has annual sales of EUR220 million and debt
of EUR410 million.

CONTACT:  LANSON INTERNATIONAL
          12 Boulevard Lundy
          51100 Reims
          Phone: +33 (0) 3 26 78 50 50
          Fax: +33 (0) 3 26 78 50 99
          E-mail: info@lanson.fr
          Web site: http://www.lanson.fr


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


ANDREAS FORSTREUTER: Creditors Meeting Set March
------------------------------------------------
The district court of Aachen opened bankruptcy proceedings
against Andreas Forstreuter u. Thomas Hery GbR Internet Service
on December 9.  Consequently, all pending proceedings against
the company have been automatically stayed.  Creditors have
February 6, 2006 until to register their claims with court-
appointed provisional administrator Heinrich C. Friedhoff.

Creditors and other interested parties are encouraged to attend
the meeting on March 7, 2006, 11:10 a.m. at the district court
of Aachen, Augustastrasse 78-80, 52070 Aachen, 2. Etage,
Sitzungssaal 21, 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:  ANDREAS FORSTREUTER U. THOMAS HERY GbR
          INTERNET SERVICE
          Goethestr. 25 A, 52064 Aachen
          Contact:
          Andreas Forstreuter
          Thomas Hery
          Elsassstrasse 90, 52068 Aachen

          Heinrich C. Friedhoff, Administrator
          Viktoriastrasse 73-75, 52066 Aachen


AUTOHAUS STANKE: Succumbs to Bankruptcy
---------------------------------------
The district court of Duesseldorf opened bankruptcy proceedings
against Autohaus Stanke GmbH on December 14.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until February 3, 2006 to register their
claims with court-appointed provisional administrator Dr. Frank
Kebekus.

Creditors and other interested parties are encouraged to attend
the meeting on February 24, 2006, 8:30 a.m. at the district
court of Duesseldorf, Hauptstelle, Muehlenstrasse 34, 40213
Duesseldorf, 3. OG Altbau, A 341, 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:  AUTOHAUS STANKE GmbH
          Buellenkothenweg 35, 40229 Duesseldorf
          Contact:
          Ursula Mahlich, Manager

          Dr. Frank Kebekus, Administrator
          Scheibenstrasse 45, 40479 Duesseldorf


DAIMLERCHRYSLER AG: Mercedes Recalls 61,000 C-Class Sedans
----------------------------------------------------------
DaimlerChrysler AG's Mercedes Benz division is recalling 61,000
units of C-Class sport sedans due to defects involving the
driver's side airbag.

The recall, which affects the 2005-2006 models, came after the
U.S. National Highway Traffic Safety Administration found the
irregularities on the vehicles during government compliance
testing.  New driver's side air bag modules that are compatible
with government rules will be installed as part of the move.

Mercedes Benz spokesman Rob Moran said the automaker did not
"feel this represents a risk in real-world situations, only in
this clinical situation."

In October, DaimlerChrysler revealed that Mercedes was recalling
some 50,000 vehicles due to defective windshield wipers.  The
recall included Vaneo units built between April 2002 and March
2003 as well as A-Class vehicles produced between April 2002 and
2003.  It affected mostly clients from Germany.

Mercedes has been described a "tarnished" brand in the wake of
slipups in design and engineering, which forced the division to
recall 1.3 million units this year, the largest in Daimler's
history.  Mercedes has also seen falling profits due to model
changeovers, the strong euro, and losses at its Smart venture,
which has already cost the company EUR512 million.

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


DRITTE NAUTIRA: Creditors' Claims Due February
----------------------------------------------
The district court of Bremen opened bankruptcy proceedings
against Dritte Nautira Schiffahrtsgesellschaft mbH & Co.
Kommanditgesellschaft on December 7.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until February 14, 2006 to register their claims
with court-appointed provisional administrator Dr. Jochen
Orgelmann.

Creditors and other interested parties are encouraged to attend
the meeting on January 26, 2006, 11:15 a.m. at the district
court of Bremen, Saal 115, Gerichtshaus (Neubau), Ostertorstr.
25-31, 28195 Bremen, 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 March 9, 2006, 10:15 a.m. at the same venue.

CONTACT:  DRITTE NAUTIRA SCHIFFAHRTSGESELLSCHAFT mbH
          & Co. KOMMANDITGESELLSCHAFT
          Contrescarpe 4, 28203 Bremen

          Rolf Bastian, Administrator
          Christernstrasse 14 a, 28307 Bremen


ELOP DRESDEN: Court Calls in Administrator from HWW
---------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against elop dresden GmbH training.engineering. on November 29.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors had until December 27,
2005 to register their claims with court-appointed provisional
administrator Ulrich Kraft.

Creditors and other interested parties are encouraged to attend
the meeting on February 7, 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:  ELOP DRESDEN GmbH TRAINING.ENGINEERING.
          Zur Wetterwarte 10, Haus 107, 01109 Dresden
          Contact:
          Georg Kronbichler, Manager
          Paul-Eipper-Weg 7, 82166 Grafelsing

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


ERKO-GRUNDSTUECKS: Under Bankruptcy Administration
--------------------------------------------------
The district court of Halle-Saalkreis opened bankruptcy
proceedings against ERKO-Grundstuecks- und
Wohnungsverwaltungsgesellschaft mbH on December 1.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until January 23,
2006 to register their claims with court-appointed provisional
administrator Thomas Jacobs.

Creditors and other interested parties are encouraged to attend
the meeting on February 20, 2006, 9:00 a.m. at the district
court of Halle-Saalkreis, Saal 1.044, Justizzentrum, Thueringer
Str. 16, 06112 Halle, 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:  ERKO-GRUNDSTUECKS- UND WOHNUNGSVERWALTUNGSGESELLSCHAFT
          mbH
          Weinbergstrasse 37, 06712 Zeitz (HRB 7939)
          Contact:
          Heinz-Holger Theilig, Manager

          Thomas Jacobs, Administrator
          Tieckstrasse 3, 04275 Leipzig
          Phone: 0341/303850
          Fax: 0341/3038511


GIESE GMBH: Claims Filing Period Ends January 11
------------------------------------------------
The district court of Halle-Saalkreis opened bankruptcy
proceedings against Giese GmbH on November 18.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until January 11, 2006 to
register their claims with court-appointed provisional
administrator Dr. Dieter Kuehne.

Creditors and other interested parties are encouraged to attend
the meeting on February 8, 2006, 9:15 a.m. at the district court
of Halle-Saalkreis, Saal 1.043, Justizzentrum, Thueringer Str.
16, 06112 Halle, 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:  GIESE GmbH
          Dresdner Strasse 21, 06132 Halle
          Contact:
          Juergen Hans Peter Giese, Manager
          Eubacher Str. 21, 34286 Spangenberg

          Dr. Dieter Kuehne, Administrator
          Walter-Kohn-Strasse 1b, D-04356 Leipzig
          Phone: 0341/339890
          Fax: 0341/3398929


GREUTER & KERSCHER: Fuerth Company Goes Bust
--------------------------------------------
The district court of Fuerth opened bankruptcy proceedings
against Greuter & Kerscher GmbH on December 7.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until January 16, 2006 to
register their claims with court-appointed provisional
administrator Joachim Exner.

Creditors and other interested parties are encouraged to attend
the meeting on February 20, 2006, 9:00 a.m. at the district
court of Fuerth, Zi. 216/II, Dienstgebaude, Baumenstrasse 28, 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:  GREUTER & KERSCHER GmbH
          Boxdorfer Str. 2 in 90765 Fuerth

          Joachim Exner, Administrator
          Stahlstrasse 17, 90411 Nuernberg
          Phone: 0911/9512850
          Fax: 0911/95128510


GSS GEMINI: Proofs of Claim Due Next Month
------------------------------------------
The district court of Braunschweig opened bankruptcy proceedings
against GSS Gemini Security Service GmbH on December 6.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until January 30,
2006 to register their claims with court-appointed provisional
administrator Joachim Hausherr.

Creditors and other interested parties are encouraged to attend
the meeting on February 22, 2006, 9:00 a.m. at the district
court of Braunschweig, An der Martinikirche 8, 38100
Braunschweig, 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:  GSS GEMINI SECURITY SERVICE GmbH
          Neue Strasse 26, 38100 Braunschweig
          Contact:
          Stefan Buck, Manager
          Eichendorffstrasse 24, 38364 Schoningen

          Joachim Hausherr, Administrator
          Bruchtorwall 6, 38100 Braunschweig
          Phone: 0531/2448020
          Fax: 0531/2448080


HANTZSCH-BAUUNTERNEHMEN: Court Names HWW Administrator
------------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against HANTZSCH-Bauunternehmen Karl Abbel GmbH Hoch- und
Tiefbau on December 1.  Consequently, all pending proceedings
against the company have been automatically stayed.  Creditors
have until January 6, 2006 to register their claims with court-
appointed provisional administrator Ulrich Kraft.

Creditors and other interested parties are encouraged to attend
the meeting on February 7, 2006, 10:30 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:  HANTZSCH-BAUUNTERNEHMEN KARL ABBEL GmbH
          HOCH- UND TIEFBAU
          Lohmener Strasse 12B in 01796 Pirna-Copitz
          Contact:
          Karl Abbel, Manager
          Lohmener Strasse 12B, 01796 Pirna-Copitz

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


KUKA ROBOTER: Cutting Sites, Jobs Next Year
-------------------------------------------
Kuka Roboter GmbH, robotics unit of engineering group IWKA, will
shut down in mid-2006 three production sites and slash 191 of
its 1,284 employees, Borsen Zeitung says.

The group will close its Weingarten, Goppingen, and
Gunzburg/Ichenhausen sites and transfer production to plants in
Augsburg and Gersthofen.  The group will also start focusing on
robots for the other industrial sectors aside from the car
industry.  According to Borsen Zeitung, the group has been
suffering from falling book orders due to declining investment
from the car industry.

Kuka saw its EUR23.3 million nine-month profits dwindle to -
EUR2.3 million.  For the first nine months, turnover fell 36.6%
year-on-year to EUR182.6 million while order bookings dropped by
23.9% to EUR196.3 million.  Due to the group's dismal
performance, U.S. investor Guy Wyser-Pratte, who reportedly owns
more than 7% of IWKA, has set aside his plans to transform Kuka
into a robot technology specialist.  He has agreed to keep the
group's packaging technology operations, Borsen Zeitung said.

Kuka Roboter GmbH is considered one of the world's leading
makers of industrial robots.  The company's core competencies
are the development, production and sales of industrial robots,
controllers, software and linear units.  Kuka is the market
leader in both Germany and Europe and ranks third worldwide.
The Kuka Robot Group has over 20 subsidiaries and employs 1,650
people in Europe, U.S.A. and Asia.

CONTACT:  KUKA ROBOTER GmbH
          Zugspitzstrasse 140
          D-86165 Augsburg
          Phone: +49 (0) 821/797-4000
          Fax: +49 (0) 821/797-1616
          E-mail: info@kuka-roboter.de
          Web site: http://www.kuka-roboter.de


PFLEIDERER AG: Exclusivity Agreement with Vossloh Expires
---------------------------------------------------------
The German anti-trust authority (Bundeskartellamt) has expressed
serious reservations during the authorization procedure for the
takeover of the Pfleiderer AG's (ISIN DE0006764749) business
segment track systems by Vossloh AG (ISIN DE0007667107).  Hence
for Pfleiderer AG's Board of Management there is serious doubt
as to whether the transaction with Vossloh AG can be concluded
in the near future. As a result, the contractually agreed
exclusivity with Vossloh AG will expire at the end of 2005.  The
contract with Vossloh AG can be rescinded by Pfleiderer AG at
any time from January 1, 2006 onwards.

In January 2006, Pfleiderer AG will be restarting talks with
other potential purchasers who have since expressed their
interest.  The business segment track systems achieved operating
results for the current fiscal year well in excess of
expectations.

                            *   *   *

As reported by TCR-Europe in July, Fitch Ratings affirmed
Pfleiderer's (ISIN DE0006764749) Senior Unsecured 'BB' rating
and removed it from Rating Watch Negative (RWN).  A Stable
Outlook has been assigned.  The Short-term 'B' rating is also
affirmed.

The rating action follows Pfleiderer's announcement to acquire
Kunz Group's engineered wood activities in Canada, the United
States and Germany.  In FY04, the acquired activities had total
sales of EUR556 million and EBITDA of EUR85 million.  The
transaction is expected to close in August/September and subject
to regulatory approval.

CONTACT:  PFLEIDERER AG
          Ingolstadter Strasse 51
          93218 Neumarkt
          Deutschland

          Head of Corporate Communication
          Mr. Richard Berg
          Phone: + 49 (0) 91 81 / 28 - 80 44
          Fax: + 49 (0) 91 81 / 28 - 606
          E-mail: richard.berg@pfleiderer.com


SCHEWE BAU: Derra, Meyer & Partner Takes over
---------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against Schewe Bau GmbH on December 1.  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 Gunter
Tarkotta.

Creditors and other interested parties are encouraged to attend
the meeting on February 21, 2006, 9:30 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:  SCHEWE BAU GmbH
          Enderstr. 59 in 01277 Dresden

          Gunter Tarkotta, Administrator
          Derra, Meyer & Partner
          Konigsbruecker Str. 61, 01099 Dresden
          Web site: http://www.derra.de


SKS - AUSBAUSYSTEME: Creditors to Meet March
--------------------------------------------
The district court of Cottbus opened bankruptcy proceedings
against sks - Ausbausysteme GmbH on December 13.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until January 25, 2006 to
register their claims with court-appointed provisional
administrator Thomas Krafft.

Creditors and other interested parties are encouraged to attend
the meeting on March 2, 2006, 10:00 a.m. at the district court
of Cottbus, Gerichtsplatz 2, 03046 Cottbus, Saal 313, 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:  SKS - AUSBAUSYSTEME GmbH
          Contact:
          Frau Jutta Conrad, Manager
          Am Schiessplatz 13, 01968 Schipkau/OT Horlitz

          Thomas Krafft, Administrator
          Jagerallee 37 H, 14469 Potsdam


STEINBACHER UND SCHWARZ: Creditors' Claims Due February
-------------------------------------------------------
The district court of Fuerth opened bankruptcy proceedings
against Steinbacher und Schwarz Tief- und Kabelleitungsbau GmbH
on December 6.  Consequently, all pending proceedings against
the company have been automatically stayed.  Creditors have
until February 8, 2006 to register their claims with court-
appointed provisional administrator Prof. Dr. Reinhard
Urbanczyk.

Creditors and other interested parties are encouraged to attend
the meeting on January 23, 2006, 9:30 a.m. at the district court
of Fuerth, Zi. 216/II, Dienstgebaude, Baumenstrasse 28, 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 March 20, 2006, 9:30
a.m. at the same venue.

CONTACT:  STEINBACHER UND SCHWARZ TIEF- UND KABELLEITUNGSBAU
          GmbH
          Kornstr. 4 in 90763 Fuerth

          Prof. Dr. Reinhard Urbanczyk, Administrator
          Leipziger Platz 21, 90491 Nuernberg
          Phone: 0911/88180260
          Fax: 0911/88180266


ZWEITE NAUTIRA: Bremen Court Calls in Administrator
---------------------------------------------------
The district court of Bremen opened bankruptcy proceedings
against Zweite NAUTIRA Schiffahrtsgesellschaft mbH & Co.
Kommanditgesellschaft on December 7.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until February 14, 2006 to register their claims
with court-appointed provisional administrator Dr. Jochen
Orgelmann.

Creditors and other interested parties are encouraged to attend
the meeting on January 26, 2006, 11:15 a.m. at the district
court of Bremen, Saal 115, Gerichtshaus (Neubau), Ostertorstr.
25-31, 28195 Bremen, 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 March 9, 2006, 10:15 a.m. at the same venue.

CONTACT:  ZWEITE NAUTIRA SCHIFFAHRTSGESELLSCHAFT mbH
          & Co. KOMMANDITGESELLSCHAFT
          Contrescarpe 4, 28203 Bremen
          Contact:
          Rolf Bastian, Manager
          Christernstrasse 14 a, 28307 Bremen

          Dr. Jochen Orgelmann, Administrator
          Schillerstr. 10, 28195 Bremen
          Phone: 0421/337790
          Fax: 0421/3377933


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


AEAN LEGAL: Sets Proofs of Claim Deadline
-----------------------------------------
LLC Aean Legal Service (INN 02611200310146), which recently
became insolvent, will accept proofs of claim until February 6,
2006.  Call (0-312) 65-92-28 for more information.


AK-ORGO-SERVICE: Creditors' Claim Due February
----------------------------------------------
LLC Ak-Orgo-Service (INN 02609200110183, code OKPO 22854553),
which recently became insolvent, will accept proofs of claim at
Bishkek, Erkindik Ave. 63/83 until February 6, 2006.  Call (0-
312) 68-02-00 for more information.


JBI-20: Public Auction Set January 10
-------------------------------------
The Subdivision Service of the Court Officers of Osh will
auction CJSC JBI-20's properties on January 10, 2006, 2:00 p.m.
at Osh, Ashimhanov Str. 7, City Court of Osh.  For sale are six
lots of technical equipment, finished concrete products,
buildings and constructions.

To participate, bidders are required to deposit an amount
equivalent to 5% of the starting price to the settlement account
8384172080101002, personal account 701804405, MFO 330608838, at
Branch of the Settlement and Saving Company in Osh on or before
January 9, 2006.

CONTACT:  J. Shermatov
          Bidding organizer
          Phone: (0-3222) 3-60-92


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


ROYAL SHELL: Bids for LPG Biz Fall Short; Sale may be Scrapped
--------------------------------------------------------------
Bids for Royal Dutch Shell's Liquefied Petroleum Gas unit are
EUR1 billion (GBP685 million) lower than the company expects,
reports The Telegraph.

The slow-paced auction, which started in September 2004, has
seen the exit of Blackstone, Goldman Sachs and Kohlberg Kravis
Roberts, cutting the number of bidders to three.  Last week, BC
Capital, a consortium of Bain Capital and PAI Partners, and
Spain-based Repsol YPF tabled their final offers, which were
believed to have been under EUR1.5 billion (GBP1.03 billion).

Shell had hoped to pocket EUR2.5 billion for the business, but a
sharp downturn in the LPG industry has prompted sources to
consider even EUR1.5 billion too high a price.  The unit's
declining underlying earnings didn't help either.

"It is not a EUR2.5 billion business, although Repsol has been
known to overpay in the past.  If Shell had the choice, they
would probably not sell to a competitor," one source told the
Telegraph.

While Repsol had already acquired Shell's LPG unit in Portugal
for EUR100 million, the sale of the entire business may be
subject to inquiry by the European Commission.

Shell, meanwhile, has refused to say whether the bids are too
low.  A spokesman said: "The process is on track but we are not
commenting on bidders or the process.  We will take a decision
if the values offered are sufficiently high in order to go ahead
with this divestment."

If the offers fail to satisfy Shell, the company could leave the
unit, which employs over 3,000 people, as a stand-alone business
after spending the past year restructuring it.  A decision is
expected early next year.

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

          BAIN CAPITAL, LLC
          111 Huntington Ave.
          Boston MA 02199
          Phone: 617-516-2000
          Fax: 617-516-2010
          Web site: http://www.baincapital.com

          PAI PARTNERS
          43 avenue de l'Opera
          75002 Paris, France
          Phone: +33-1-55-77-91-01
          Fax: +33-1-55-77-91-43
          Web site: http://www.paimanagement.com

          REPSOL YPF, S.A.
          Paseo de la Castellana, 278
          28046 Madrid, Spain
          Phone: +34-91-348-80-00
          Fax: +34-91-348-28-21
          Web site: http://www.repsol-ypf.com


ROYAL SHELL: Pumps up Global LNG Portfolio
------------------------------------------
Royal Dutch Shell plc has unveiled two major additions to its
global Liquefied Natural Gas (LNG) portfolio.  In Qatar, the
company joined forces with Qatar Petroleum (QP) in the
development of the large-scale Qatargas 4 LNG project, while in
the United States Shell agreed to acquire additional capacity at
the Elba Island LNG import terminal in Georgia.

Speaking from Doha in Qatar at the award of the Engineering,
Procurement and Construction (EPC) contract for the Qatargas 4
project, Linda Cook, Shell executive director of Gas and Power,
said: "We are honored to join Qatar Petroleum in partnership for
the Qatargas 4 LNG venture.  The project will contribute to
Shell's goal of growing our natural gas production and reserves
position, as well as to increased security and diversity of
natural gas supply to North America."

Qatargas 4 is Shell's seventh global LNG supply project and
reaffirms the company's leadership position among international
oil companies in the global LNG business.

An integrated upstream and LNG project, Qatargas 4 will produce
1.4 billion cubic feet per day of natural gas, including an
average of approximately 70 thousand barrels per day of
associated natural gas liquids from Qatar's North Field over the
25-year life of the project.  The project also includes a 7.8
million tonnes-per-annum (mtpa) liquefaction plant and related
LNG shipping capability.  Qatargas 4 is a joint venture between
Qatar Petroleum (70%) and Shell (30%).  The majority of the LNG
will be delivered to the growing natural gas market in North
America.  LNG deliveries are expected to commence around the end
of the decade.

Shell's LNG equity sales in 2004 were 10.15 million tonnes from
projects in Nigeria, Malaysia, Brunei, Oman and Australia.
Three new LNG trains are currently nearing start-up, within
budget and schedule expectations, in Oman and Nigeria.  Good
construction progress is being made on additional new trains in
Australia, Russia and Nigeria for start up in the coming years.
Now, with the addition of Qatargas 4, Shell's equity LNG
production capacity is expected to approximately double by the
end of the decade.

Shell also announced that it has reached agreement with Southern
LNG Inc., a wholly owned subsidiary of El Paso Corporation's
Southern Natural Gas Company (SNG), to acquire additional
capacity at the Elba Island LNG import terminal in Georgia in
the United States.  In addition Shell has reached agreement with
Elba Express Pipeline Company LLC, a wholly owned subsidiary of
SNG, to acquire capacity in a new natural gas pipeline.  Both
projects will be filed with the U.S. Federal Energy Regulatory
Commission (FERC) for approval in the third quarter of 2006.
The intention is that this capacity will be utilized to import
Qatargas 4 volumes into natural gas markets in the eastern
United States.

The deal with El Paso will further strengthen Shell's LNG import
position in North America.  In addition to Elba Island, Shell
has capacity rights at the existing Cove Point LNG terminal in
Maryland and in the Altamira LNG terminal under construction on
Mexico's east coast.  Shell also has capacity rights at the
Energia Costa Azul terminal currently under construction on the
Pacific coast of Mexico.

LNG supplies for these projects are planned from Shell's
portfolio of existing and future LNG projects.

Linda Cook added: "With global demand for LNG expected to double
this decade, the addition of Qatargas 4 and additional Elba
Island capacity to Shell's global portfolio of LNG assets will
further strengthen our leading industry position in this
exciting sector."

                        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


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


AGRO-MINERAL: Court Appoints Insolvency Manager
-----------------------------------------------
The Arbitration Court of Orel region has commenced bankruptcy
supervision procedure on limited liability company Agro-Mineral.
The case is docketed as A48-6022/05-17b.  Mr. A. Volchkov has
been appointed temporary insolvency manager.  A hearing will
take place on January 27, 2006.

CONTACT:  AGRO-MINERAL
          Russia, Orel region, Uritskiy region,
          Naryshkino, Lenina Str. 158

          A. VOLCHKOV
          Temporary Insolvency Manager
          302004, Russia, Orel region,
          9rd Kurskaya Str. 15

          THE ARBITRATION COURT OF OREL REGION
          302021, Russia, Orel region,
          S-Shedrina Str. 22


AZOV-K: Bankruptcy Hearing Resumes January 25
---------------------------------------------
The Arbitration Court of Moscow region has commenced bankruptcy
supervision procedure on close joint stock company Azov-K.  The
case is docketed as A14-K2-2150/05.  Mr. V. Podkorytov has been
appointed temporary insolvency manager.  Creditors may submit
their proofs of claim to 111250, Russia, Moscow,
Krasnokazarmennaya Str. 9.  A hearing will take place on January
25, 2006, 10:15 a.m.

CONTACT:  AZOV-K
          142181, Russia, Moscow region,
          Klimovsk, Zavodskaya Str. 2

          V. PODKORYTOV
          Temporary Insolvency Manager
          111250, Russia, Moscow region,
          Krasnokazarmennaya Str. 9


BUILDING ASSEMBLY: Under Bankruptcy Supervision
-----------------------------------------------
The Arbitration Court of Kareliya republic has commenced
bankruptcy supervision procedure on CJSC Building Assembly
Enterprise-2.  The case is docketed as A26-8254/2005-13.  Mr. N.
Topparev has been appointed temporary insolvency manager.
Creditors may submit their proofs of claim to 185002, Russia,
Kareliya republic, Petrozavodsk, Chkalova Str. 48-39.  A hearing
will take place on February 15, 2006.

CONTACT:  BUILDING ASSEMBLY ENTERPRISE-2
          185005, Russia, Kareliya republic,
          Petrozavodsk, Pravdy Str. 29

          N. TOPPAREV
          Temporary Insolvency Manager
          185002, Russia, Kareliya republic,
          Petrozavodsk, Chkalova Str. 48-39


GAZPROMBANK: Financial Strength Raised to D-
--------------------------------------------
Moody's Investors Service upgraded to D- from E+ the Financial
Strength Rating (FSR) of Russia's Gazprombank (GPB); the bank's
Baa2/Prime-2 long-term and short-term foreign currency deposits
ratings as well as its Baa1 long-term senior debt rating remain
unchanged.  The outlook for the ratings is stable.

According to Moody's, this upgrade reflects:

(a) The significant improvements in Russia's operating
    environment with buoyant macroeconomic conditions and
    booming international prices for natural resources, which
    have increased the prosperity of the bank's customers and
    benefited significantly its asset quality and liquidity;

(b) A downward trend in related-party lending; and

(c) The bank's well-established international profile, which
    brings much needed diversification and improves the maturity
    profile of the bank's funding.

Moody's notes that owing to notable interweaving of GPB's
activities with those of its parent (OJSC Gazprom), both sides
of the bank's balance sheet still display a high single-name and
sectoral concentrations, which remains the key constraint on the
bank's FSR, although still compatible with its new FSR level of
D-.

The bank's FSR also remains constrained by:

(a) GPB's relatively weak institutional development -- including
    potential corporate governance issues -- and by the high
    dependence of the bank's strategic direction on its parent;
    and

(b) The bank's modest recurring revenues combined with high
    operating costs, which translate into relatively weak core
    earnings.

Further upward potential of the bank's FSR would be very much
dependent on its ability to diversify its business away from the
parent's activities, thereby securing the major part of its
future growth through types of business that would not be
directly or indirectly related to Gazprom Group.

Headquartered in Moscow, Russian Federation, Gazprombank
reported total assets of US$12.3 billion under IFRS as at end of
the first half 2005.

CONTACT:  MOODY'S INVESTORS SERVICE LTD. (LONDON)
          Adel Satel, Managing Director
          Financial Institutions Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454

          MOODY'S INVESTORS SERVICE CYPRUS LIMITED (LIMASSOL)
          Dmitry Polyakov, Asst Vice President - Analyst
          Financial Institutions Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454


KUZNETSKIY FACTORY: Undergoes Bankruptcy Supervision Procedure
--------------------------------------------------------------
The Arbitration Court of Penza region has commenced bankruptcy
supervision procedure on OJSC Kuznetskiy Factory of Condensers
(TIN 5803008937, KPP 580301001).  The case is docketed as A49-
6442/2005-109b/26.  Mr. D. Sherban has been appointed temporary
insolvency manager.  A hearing will take place on March 2, 2006,
2:30 p.m. at the Arbitration Court of Penza region at 440600,
Russia, Penza, GSP, Belinskogo Str. 2.

CONTACT:  KUZNETSKIY FACTORY OF CONDENSERS
          442530, Russia, Penza region,
          Kuznetsk, Grazhdanskaya Str. 85

          D. SHERBAN
          Temporary Insolvency Manager
          440600, Russia, Penza region,
          Suvorova Str. 111A


METALLIST: Declared Insolvent
-----------------------------
The Arbitration Court of Vladimir region commenced bankruptcy
proceedings against Metallist after finding the close joint
stock company insolvent.  The case is docketed as A11-839/2005-
K1-20B.  Mr. A. Savrasov has been appointed insolvency manager.
Creditors have until January 8, 2006 to submit their proofs of
claim to Russia, Vladimir region, Kovrov, Liberetskaya Str. 5A.

CONTACT:  METALLIST
          Russia, Vladimir region,
          Kovrov, Liberetskaya Str. 5A

          A. SAVRASOV
          Insolvency Manager
          Russia, Vladimir region,
          Kovrov, Liberetskaya Str. 5A


MINE KOTUY: Insolvency Manager Takes over Helm
----------------------------------------------
The Arbitration Court of Krasnoyarsk region commenced bankruptcy
proceedings against Mine Kotuy after finding the open joint
stock company insolvent.  The case is docketed as A33-7290/2005.
Mr. Kh. Malaev has been appointed insolvency manager.

Creditors have until January 8, 2006 to submit their proofs of
claim to:

(a) MINE KOTUY
    Russia, Krasnoyarsk region, Raymyrskiy (Dolgano-Nenetskiy)
    autonomous region, Khatangskiy region, Kayak

(b) KH. MALAEV
    Insolvency Manager
    660017, Russia, Krasnoyarsk region,
    Post User Box 20647

(c) THE ARBITRATION COURT OF KRASNOYARSK REGION
    660021, Russia, Krasnoyarsk region,
    Lenina Str. 143


MIXI-CERAMICS: Succumbs to Bankruptcy
-------------------------------------
The Arbitration Court of Udmurtiya republic commenced bankruptcy
proceedings against Mixi-Ceramics after finding the open joint
stock company insolvent.  The case is docketed as A71-67/20005-
G2.  Mr. M. Degtyarev has been appointed insolvency manager.

CONTACT:  MIXI-CERAMICS
          Russia, Udmurtiya republic,
          Sarapul, Azina Str. 176

          M. DEGTYAREV
          Insolvency Manager
          426035, Russia, Udmurtiya republic,
          Izhevsk, Post User Box 4352


PROMSVYAZ FINANCE: Ratings Upgraded to Ba3/D-
---------------------------------------------
Moody's Investors Service has upgraded to D- from E+ the
Financial Strength Rating (FSR) of Russia's Promsvyazbank, and
has raised the bank's long-term foreign currency deposit and
senior unsecured debt ratings to Ba3 from B1.  The bank's short-
term deposit rating remains unchanged at Not-Prime.  The outlook
for the ratings is stable.

According to Moody's, this upgrade reflects:

(a) The bank's growing franchise and strengthening positions
    within the banking sector reflected in its 12th ranking in
    terms of total assets as of 1 October 2005 according to
    Interfax;

(b) Its relatively good financial fundamentals; and

(c) An overall improvement in the bank's operating environment.

Moody's notes that Promsvyazbank's balance sheet still displays
high, though declining, single-name concentrations heightening
the bank's credit and liquidity risk under adverse scenarios.
Although these levels are still compatible with the current
Ba3/NP/D- ratings and well comparable with the bank's similarly
rated peers, further diversification would be essential for the
bank to attain higher ratings.

Promsvyazbank's future ratings direction will also depend on:

(a) Its ability to diversify its revenues and grow its earnings
    while cutting its reliance on the level of net interest
    margins;

(b) The ultimate success of its branch network expansion
    program and ability to withstand the rising competition; and

(c) Continued capital support from the bank's shareholders to
    fuel its rapid balance sheet growth and maintenance of its
    presently good financial fundamentals.

Affected ratings:

(a) Long-term foreign currency deposit ratings upgraded to Ba3
    from B1

(b) Long-term foreign currency senior unsecured debt upgraded to
    Ba3 from B1

(c) The bank's FSR upgraded to D- from E+

Outlooks on all ratings are stable.

Promsvyazbank, headquartered in Moscow, Russian Federation,
reported total assets of US$2.5 billion under IFRS (reviewed by
the auditors) as of June 30, 2005.

CONTACT:  MOODY'S INVESTORS SERVICE LTD. (LONDON)
          Adel Satel, Managing Director
          Financial Institutions Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454

          MOODY'S INVESTORS SERVICE CYPRUS LIMITED (LIMASSOL)
          Dmitry Polyakov, Asst Vice President - Analyst
          Financial Institutions Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454


RAZREZ-COAL HOLDING: Falls under Bankruptcy Supervision
-------------------------------------------------------
The Arbitration Court of Sakhalin region has commenced
bankruptcy supervision procedure on open joint stock company
Razrez-Coal Holding.  The case is docketed as A59-4362/05-S16.
Mr. G. Polenka has been appointed temporary insolvency manager.

CONTACT:  RAZREZ-COAL HOLDING
          693000, Russia, Uzhno-Sakhalinsk,
          K. Marksa Str. 32

          G. POLENKA
          Temporary Insolvency Manager
          693020, Russia, Sakhalin region,
          Uzhno-Sakhalinsk, Post User Box 36


SEVER-SPETS-REMONT: Bankruptcy Hearing Set January 16
-----------------------------------------------------
The Arbitration Court of Khanty-Mansiyskiy autonomous region has
commenced bankruptcy supervision procedure on close joint stock
company Sever-Spets-Remont.  The case is docketed as A75-
6328/2005.  Mr. R. Gaynetdinov has been appointed temporary
insolvency manager.

Creditors may submit their proofs of claim to 628381, Russia,
Tyumen region, Khanty-Mansiyskiy autonomous region - Yugra, Pyt-
Yakh-1, Post User Box 38.  A hearing will take place on January
16, 2006, 9:30 a.m.

CONTACT:  SEVER-SPETS-REMONT
          628601, Russia, Khanty-Mansiyskiy autonomous region-
          Yugra, Nizhnevartovsk, Klubnyj Per. 150

          R. GAYNETDINOV
          Temporary Insolvency Manager
          628381, Russia, Tyumen region, Khanty-Mansiyskiy
          autonomous region-Yugra, Pyt-Yakh-1, Post User Box 38


VYKSA-METALLURG-STROY: Claims Filing Period Ends January 8
----------------------------------------------------------
The Arbitration Court of Nizhniy Novgorod region commenced
bankruptcy proceedings against Vyksa-Metallurg-Stroy (TIN
5247005353) after finding the open joint stock company
insolvent.  The case is docketed as A43-4982/2005-18-176.  Mr.
V. Samsonov has been appointed insolvency manager.  Creditors
have until January 8, 2006 to submit their proofs of claim to
603029, Russia, Nizhniy Novgorod region, Pamirskaya Str. 11.

CONTACT:  VYKSA-METALLURG-STROY
          607060, Russia, Nizhniy Novgorod region,
          Vyksa, Oktyabrskoy Revolyutsii Square, 48

          V. SAMSONOV
          Insolvency Manager
          603029, Russia, Nizhniy Novgorod region,
          Pamirskaya Str. 11


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


GALICHTSUKOR: Claims Deadline Expires Tomorrow
----------------------------------------------
The Economic Court of Ivano-Frankivsk region commenced
bankruptcy proceedings against LLC Galichtsukor (code EDRPOU
32068054) on October 28, 2005 after finding the limited
liability company insolvent.  The case is docketed as B-16/130.
Mr. Gudyak Tetyana (License Number AA 779183) has been appointed
liquidator/insolvency manager.  The company holds account number
2600001544469 at OJSC State Export-Import Bank of Ukraine,
Ivano-Frankivsk branch, MFO 336688.

Creditors have until December 29, 2005 to submit their proofs of
claim to:

(a) GALICHTSUKOR
    Ukraine, Ivano-Frankivsk region,
    Galitskij district, Zadnistryansk,
    S. Bandera Str. 1

(b) GUDYAK TETYANA
    Liquidator/Insolvency Manager
    Ukraine, Ivano-Frankivsk region,
    Kalush, Lesya Ukrainka Avenue 16a/106

(c) ECONOMIC COURT OF IVANO-FRANKIVSK REGION
    76000, Ukraine, Ivano-Frankivsk region,
    Shevchenko Str. 16a


KRASNOGRAD FOOD: Court Appoints Liquidator
------------------------------------------
The Economic Court of Harkiv region commenced bankruptcy
proceedings against Krasnograd Food Products Plant (code EDRPOU
00380126) on November 17, 2005 after finding the close joint
stock company insolvent.  The case is docketed as B-39/01-04.
Mr. Andrij Fedorchenko (License Number AA 779212) has been
appointed liquidator/insolvency manager.

Creditors have until December 29, 2005 to submit their proofs of
claim to:

(a) KRASNOGRAD FOOD PRODUCTS PLANT
    40022, Ukraine, Harkiv region,
    Krasnograd, Lenin Str. 2

(b) ANDRIJ FEDORCHENKO
    Liquidator/Insolvency Manager
    61058, Ukraine, Harkiv region,
    S. Gritsevtsya Str. 24/15

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


PRESTIGE: Declared Insolvent
----------------------------
The Economic Court of Zaporizhya region commenced bankruptcy
proceedings against Prestige on November 14, 2005 after finding
the limited liability company insolvent.  The case is docketed
as 19/89.  Mr. R. Kravchenko (License Number AA 783025) has been
appointed liquidator/insolvency manager.

Creditors have until December 29, 2005 to submit their proofs of
claim to:

(a) PRESTIGE
    71300, Ukraine, Zaporizhya region,
    Kamyanko-Dniprovka, Promislova Str. 1

(b) R. KRAVCHENKO
    Liquidator/Insolvency Manager
    71500, Ukraine, Zaporizhya region,
    Energodar, Skifska Str. 18/17, a/b 42

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


RENTA: Gives Creditors Until Tomorrow to File Claims
----------------------------------------------------
The Economic Court of Dnipropetrovsk region commenced bankruptcy
proceedings against Renta (code EDRPOU 32241172) on November 17,
2005 after finding the limited liability company insolvent.  The
case is docketed as B 24/256/05.  Mr. Talan Rostislav has been
appointed liquidator/insolvency manager.

Creditors have until December 29, 2005 to submit their proofs of
claim to:

(a) RENTA
    49106, Ukraine, Dnipropetrovsk region,
    Dobrovoltsiv Lane 3

(b) TALAN ROSTISLAV
    Liquidator/Insolvency Manager
    49000, Ukraine, Dnipropetrovsk region, a/b 158
    Phone: (056) 370-74-70

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


STRIMTEKS: Insolvency Manager Steps in
--------------------------------------
The Economic Court of Dnipropetrovsk region commenced bankruptcy
proceedings against Strimteks (code EDRPOU 32287059) on November
17, 2005 after finding the limited liability company insolvent.
The case is docketed as B 24/258/05.  Mr. Talan Rostislav has
been appointed liquidator/insolvency manager.

Creditors have until December 29, 2005 to submit their proofs of
claim to:

(a) STRIMTEKS
    49064, Ukraine, Dnipropetrovsk region,
    Kachalov Str. 1

(b) TALAN ROSTISLAV
    Liquidator/Insolvency Manager
    49000, Ukraine, Dnipropetrovsk region, a/b 158
    Phone: (056) 370-74-70

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


SUMIAGROTEHSERVICE: Court Grants Debt Moratorium
------------------------------------------------
The Economic Court of Sumi region commenced bankruptcy
supervision procedure on LLC Sumiagrotehservice (code EDRPOU
32462458) and ordered a moratorium on satisfaction of creditors
claims.  The case is docketed as 7/102-05.  Mr. Roman Korobka
(License Number AA 779130) has been appointed temporary
insolvency manager.  The company holds account number
26004310394101 at CB Volodimirskij, Sumi branch, MFO 337836.

Creditors have until December 29, 2005 to submit their proofs of
claim to:

(a) SUMIAGROTEHSERVICE
    40022, Ukraine, Sumi region,
    Privokzalna Str. 25

(b) ROMAN KOROBKA
    Temporary Insolvency Manager
    40030, Ukraine, Sumi region,
    Kozatskij val Str. 2-a, office 4

(c) ECONOMIC COURT OF SUMI REGION
    40030, Ukraine, Sumi region,
    Shevchenko Avenue 18/1


TRANS-SV: Succumbs to Insolvency
--------------------------------
The Economic Court of Hmelnitskij region commenced bankruptcy
proceedings against Trans-SV (code EDRPOU 22774179) on November
16, 2005 after finding the close joint stock company insolvent.
The case is docketed as 2/165-B.  Mr. Volodimir Poberezhnij
(License Number AA 668306) has been appointed
liquidator/insolvency manager.

Creditors have until December 29, 2005 to submit their proofs of
claim to:

(a) TRANS-SV
    29000, Ukraine, Hmelnitskij region,
    Svobodi Str. 11A/7

(b) VOLODIMIR POBEREZHNIJ
    Liquidator/Insolvency Manager
    29000, Ukraine, Hmelnitskij region,
    Starokostyantinivske Shose Str. 22/64

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


TYAZHPROMKOMPLEKT: Creditors' Claims Due Thursday
-------------------------------------------------
The Economic Court of Donetsk region commenced bankruptcy
proceedings against Tyazhpromkomplekt (code EDRPOU 19376920) on
November 16, 2005 after finding the limited liability company
insolvent.  The case is docketed as 5/68 B.  Ms. Geza Yanina
(License Number AA 779261) has been appointed
liquidator/insolvency manager.

Creditors have until December 29, 2005 to submit their proofs of
claim to:

(a) TYAZHPROMKOMPLEKT
    84301, Ukraine, Donetsk region,
    Kramatorsk, Sotsialistichna Str. 45

(b) GEZA YANINA
    Liquidator/Insolvency Manager
    83000, Ukraine, Donetsk region,
    Glavposhtamt, Artema Str. 72, a/b 6

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


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


A1 COMPANY: Calls in Liquidator from Berley
-------------------------------------------
At the extraordinary general meeting of A1 Company Services
(2003) Limited, the special resolutions to wind up the company
were passed.  Jeremy Berman of Berley, 76 New Cavendish Street,
London W1G 9TB has been appointed liquidator.

CONTACT:  BERLEY
          76 New Cavendish Street
          London W1M 7LB
          Phone: 020 7636 9094
          Fax: 020 7636 4115
          E-mail: mark.levy@berley.co.uk


ARLESTON LIMITED: Claims Deadline January 9
-------------------------------------------
P. M. Sissons, chairman of Arleston Limited, informs that the
special resolution to wind up the company was passed at an EGM
held on Nov. 23 at 4 Arleston Way, Shirley, Solihull B90 4LH.
Tom Lukic and Ian Best of Ernst & Young, No 1 Colmore Square,
Birmingham B4 6HQ were appointed joint liquidators.  Creditors
are required on or before January 9, 2006 to send their full
names and addresses and particulars of debts or claims to T.
Lukic.

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


BAL NOMINEES: Appoints Deloitte & Touche Liquidator
---------------------------------------------------
Company Names: BAL NOMINEES LIMITED
               BARONSMEAD (BBF) NOMINEES LIMITED
               BARONSMEAD (BRF) NOMINEES LIMITED
               BARONSMEAD (CARRY) LIMITED
               BARONSMEAD FUND MANAGEMENT LIMITED
               BARONSMEAD FUND MANAGEMENT 2 LIMITED
               BARONSMEAD FUND NOMINEES LIMITED
               BARONSMEAD (LP) LIMITED
               BARONSMEAD NOMINEES LIMITED
               BARONSMEAD TRUSTEE LIMITED
               F&C AIM VCT FUND MANAGEMENT LIMITED
               ROYAL & SUN ALLIANCE SAVINGS
               AND INVESTMENTS LIMITED
               SUN ALLIANCE INVESTMENT MANAGEMENT LIMITED
               TOVIL (GP) LIMITED

I. P. Brown, chairman of these companies, informs that the
special resolution to wind up the firms was passed and Thomas
Merchant Burton and Patrick Joseph Brazzill of Ernst & Young
LLP, Ten George Street, Edinburgh EH2 2DZ were appointed joint
liquidators.

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


COLEMAN-COHEN: Hires Begbies Traynor as Liquidator
--------------------------------------------------
T. Bernstein, director of Coleman-Cohen (Insurance Agents)
Limited, informs that the special resolution to wind up the
company was passed at an EGM held on Dec. 5 at Begbies Traynor,
2-3 Pavilion Buildings, Brighton, East Sussex BN1 1EE.  G. W.
Rhodes of Begbies Traynor was appointed liquidator.

CONTACT:  BEGBIES TRAYNOR
          2-3 Pavilion Buildings
          Brighton
          Sussex BN1 1EE
          Phone: 01273 747847
          Fax: 01273 747743
          E-mail: geoff.rhodes@begbies-traynor.com


FISHER MANAGEMENT: Files for Liquidation
----------------------------------------
At the extraordinary general meeting of Fisher Management, the
special and ordinary resolutions to wind up the company were
passed.  Mark Reynolds of 4 Dancastle Court, 14 Arcadia Avenue,
London N3 2HS was appointed liquidator.

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


FRIEDRICH KOCKS: Names Sutcliffe & Co. Liquidator
-------------------------------------------------
A. Bindernagel, director/chairman of Friedrich Kocks (U.K.)
Limited, informs that the special resolution to wind up the
company were passed at an EGM held on Nov. 29 at Neustrasse 69,
40721 Hilden, Germany.  Michael Sutcliffe of Sutcliffe & Co, 288
High Street, Dorking, Surrey RH4 1QT, England was appointed
liquidator.

CONTACT:  SUTCLIFFE & CO.
          288 High Street
          Dorking
          Surrey RH4 1QT
          Phone: 01306 888199
          Fax: 01306 881611
          E-mail: michael@sutcliffeandco.com


GEO. LINNECOR: Hires Begbies Traynor to Liquidate Business
----------------------------------------------------------
C. Alcock, director of Geo. Linnecor & Son Limited (Company
Registration No 366711), informs that the special, ordinary and
extraordinary resolutions to wind up the company were passed at
an EGM held on Nov. 30 at 33 Lionel Street, Birmingham.  James
Patrick Nicholas Martin and William John Kelly of Begbies
Traynor, Newater House, 11 Newhall Street, Birmingham B3 3NY
were appointed joint liquidators.

CONTACT:  BEGBIES TRAYNOR
          Newater House
          11 Newhall Street
          Birmingham B3 3NY
          E-mail: birmingham@begbies-traynor.com
          Web site: http://www.begbies.com


GROBY LIMITED: Gives Creditors Until January 5 to File Claims
-------------------------------------------------------------
Rolls-Royce Group plc, shareholder of Groby Limited, informs
that the special and ordinary resolutions to wind up the company
were passed.  J. R. D. Smith and N. J. Dargan of Athene Place,
66 Shoe Lane, London EC4A 3WA were appointed joint liquidators.
Creditors are required on or before January 5, 2006, to send in
their names, addresses, debt or claims to J. R. D. Smith.

CONTACT:  DELOITTE & TOUCHE LLP
          Athene Place
          66 Shoe Lane
          London EC4A 3BQ
          Phone: 00 44 (0) 207 936 3000
          Fax: 00 44 (0) 207 779 4001
          Web site: http://www.deloitte.com


HOUSING ORGANISATION: Liquidators Move in
-----------------------------------------
At the extraordinary general meeting of Housing Organisation
Mobility And Exchange Services Limited, the special, ordinary
and extraordinary resolutions to wind up the company were passed
at an EGM held on Nov. 23 at the offices of Lawrence Graham, 190
Strand, London WC2R 1JN.  Nicholas John Miller and Ian Robert of
Kingston Smith & Partners LLP, Devonshire House, 60 Goswell
Road, London EC1M 7AD were appointed joint liquidators.

CONTACT:  KINGSTON SMITH AND PARTNERS LLP
          Devonshire House, 60 Goswell Road,
          London EC1M 7AD
          Phone: 020 7566 4000
          Fax:   020 7566 4010
          Web site: http://www.kingstonsmith.co.uk


IGE HEALTHCARE: Claims Deadline Expires December 31
---------------------------------------------------
K. O'Neill, chairman of IGE Healthcare Services Limited, informs
that the special resolution to wind up the company was passed at
an EGM held on Nov. 11 at 352 Buckingham Avenue, Slough,
Berkshire SL1 4ER.  John Twizell of Geoffrey Martin & Co, St
James's House, 28 Park Place, Leeds LS1 2SP was appointed
liquidator.  Creditors are required on or before December 31,
2005, to send in their names, addresses, debts or claims to John
Twizell.

CONTACT:  GEOFFREY MARTIN & CO.
          St. James's House
          28 Park Place
          Leeds
          West Yorkshire LS1 2SP
          Phone: 0113 244 5141
          Fax: 0113 242 3851
          E-mail: geoffrey.martin@geoffreymartin.co.uk


INTERNATIONAL MEDICAL: Names Geoffrey Martin & Co. Liquidator
-------------------------------------------------------------
K. O'Neill, chairman of International Medical Systems (U.K.)
Limited, informs that the special resolution to wind up the firm
was passed at an EGM held on Nov. 11 at 352 Buckingham Avenue,
Slough, Berkshire SL1 4ER.  John Twizell of Geoffrey Martin &
Co, St James's House, 28 Park Place, Leeds LS1 2SP was appointed
liquidator.

CONTACT:  GEOFFREY MARTIN & CO.
          St. James's House
          28 Park Place
          Leeds
          West Yorkshire LS1 2SP
          Phone: 0113 244 5141
          Fax: 0113 242 3851
          E-mail: geoffrey.martin@geoffreymartin.co.uk


JARVIS PLC: Prismo Unit Wins GBP600,000 Contract
------------------------------------------------
Prismo Contracting Services, a unit of Jarvis plc, has won a
GBP600,000 contract over 1.5 years for the installation and
maintenance of road markings and reflective road studs for
Durham County Council.  The contract has the potential for a
three-year extension, which would bring its total value to
GBP1.8 million.

The contract includes a managed partnership agreement that
defines the landmark working relationship between Prismo and
Durham County Council.  As part of the managed partnership
agreement, the two organizations will undertake a mobile
reflectometer survey (Ecodyn system) for the A road network.
The results will be used to ensure the roads are maintained to a
high standard, with data linked to monitoring of road traffic
accidents and primary winter maintenance routes.

Durham County Council is recognized nationally and
internationally for its traffic management and road safety
engineering works.  It is working towards Year 2010 casualty
reduction targets, which includes a 40% reduction in the number
of people killed or seriously injured in road accidents.

The partnership will drive clear two-way communication between
the two organizations with collaboration on safety, product
development and deployment, and on-line management systems.

The contract renewal consolidates the existing partnership
between the two organizations, which during the past five years
has seen the development and trial of Prismo's leading-edge
Colourbright road surfacing application that works in wet and
unlit conditions.  Prismo and Durham County Council will
continue their pioneering approach, looking for new and improved
ways to address and effectively manage road safety issues.

Durham County Council's Team Leader for Accident Investigation,
Prevention and Safety Audit, Don Waller, said: "Our partnership
with Prismo has proven extremely successful during the past five
years, enabling us to identify and address road safety issues
using new and emerging technologies.

"We undertake constant analysis of accident data to design and
implement remedial schemes and Prismo has been integral to this
process, enabling us to respond quickly to issues where a new
road markings approach is needed.

"As well as having the research and development capabilities to
address our diverse road marking needs, now and in the future,
Prismo has a local depot and is able to respond quickly and
efficiently as part of our team."

Prismo's commitment to the environment was also considered key
to the contract win, with the company having in place ISO 14001-
compliant Environmental Management System.  New products are
developed with a view to minimizing environmental impact.  For
instance, the polythene bags that hold the thermoplastic
material are designed to melt and become part of the mix within
the boilers of road marking vehicles.

Prismo Managing Director Andrew Martin said: "Durham County
Council has demonstrated its commitment to developing a safe
road network and we are delighted to be continuing our
partnership approach, which has already yielded several safety
innovations including Colourbright.

"75% of the Prismo team working on the Durham contract are based
at our local Belmont depot and live within the County of Durham.
That makes us very much part of the local community and it is
one we are committed to serving well."

                        About the Company

Jarvis plc operates in a number of markets delivering solutions
for the public sector, specifically rail services, road
maintenance and products, and plant hire operations.  Based in
York, Jarvis has over 3,000 employees across a nationwide
network of facilities.

The Admission of the Placing Shares on Sept. 29 completed the
group's financial restructuring plan announced on 27 May 2005
and approved by Shareholders on 4 August 2005.  The
restructuring involved GBP378 million of the Company's
liabilities exchanged for new equity; GBP50 million of new
equity capital raised through a Placing and Open Offer; and
GBP38.5 million of Additional Funding Facilities secured.

The Directors believe the successful completion of the
restructuring and the continuation of the Group's strategy of
focusing on the core businesses of Rail Plant and Road, aligned
with further cost saving measures and exit from or stabilization
of the non-core activities of construction and FM, will provide
a much improved base from which to develop the business.

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


K9 MEDIA: Claims Filing Period Ends Tomorrow
--------------------------------------------
J. Williamson, chairman of K9 Media Solutions Limited, informs
that the subjoined special resolution to wind up the firm was
passed at an EGM held on Dec. 5 at 2 Axon, Commerce Road,
Lynchwood Business Park, Peterborough PE2 6LR.  Graham Stuart
Wolloff and David John Watchorn of Elwell Watchorn & Saxton LLP,
2 Axon, Commerce Road, Peterborough PE2 6LR were appointed
liquidators.

Creditors are required on or before December 29, 2005, to send
their names and addresses and particulars of debts or claims and
the names and addresses of Solicitors (if any) to Graham Stuart
Wolloff and David John Watchorn and if so required by notice in
writing their debt or claims.

CONTACT:  ELWELL WATCHORN & SAXTON
          2 Axon, Commerce Road,
          Lynchwood, Peterborough PE2 6LR
          Phone: (+44) 01733 235253
          Fax: (+44) 01733 236391
          E-mail: office@ews-insolvency.co.uk
          Web site: http://www.ews-insolvency.co.uk


MISYS PLC: Banking Systems Unit to Boost Asian Presence
-------------------------------------------------------
Misys Banking Systems has revealed its intention to strengthen
its presence in Asia with a specialized team focused on the
Asian capital markets arena, based in Beijing.  This extension
to the Misys Banking Systems offering in the Asia Pacific region
will be headed by Murray Sargant, who will lead a dedicated team
of Misys Treasury & Capital Markets specialists.

The strengthening of the Treasury & Capital Markets operation in
Beijing signals Misys Banking Systems objective to further
enhance its product offering and to respond to clients' growing
business needs to seize the opportunities this region
represents.  The impetus for this focus comes from the huge
transformation in China in recent years offering the potential
for double-digit growth for institutions operating in the
financial services market.

                   Statement of Murray Sargant

We are finding that the Treasury & Capital Markets area in China
is increasingly seeing newly listed financial institutions
driving significant revenue in a more deregulated market place.
China offers huge growth potential, particularly given the
significant rise in FX trading and the birth of the derivatives
market.

With our world-class solutions in this sector comprising Misys
Opics, Misys Summit and Misys Loan IQ, we offer clients the
technology to take advantage of this burgeoning market.
Currently in China we have a number of consultants and full time
staff with treasury and capital markets expertise in our Beijing
office, with projects ongoing in Beijing, Tanjin and Shanghai.
Some recent customers that have signed contracts with us include
China Zheshang Bank, China Bohai Bank and Bank of China.  We
expect to grow our position over the next six months.

We are keen to help our clients take advantage of the
opportunities to capitalize on the growth this market
represents.  There is the prospect of banks in this region
expanding to the extent that they displace many U.S., Japanese
and European banks currently among the top 20 of the world's
largest banks.

About Misys Banking Systems

Misys Banking Systems supplies over 1,200 customers in over 120
countries, among them 49 of the world's top 50 banks, with
software and solutions for retail banking, wholesale banking,
treasury and capital markets and risk management. It has 2,600
people around the world, over 70% of whom are outside of the
United Kingdom, and sales, implementation and customer support
teams in over 28 countries.  Misys Banking Systems is part of
Misys plc.

CONTACT:  MISYS PLC
          Burleigh House, Chapel Oak, Salford Priors,
          Evesham, WR11 8SP, United Kingdom
          Phone: 44 (0) 1386 871373
                 44 (0) 1386 871045
          E-mail: group.secretariat@misys.co.uk
          Web site: http://www.misys.com


OFFERTON HOLDINGS: Calls in Deloitte & Touche Liquidator
--------------------------------------------------------
T. Spitzenpfeil, chairman of Offerton Holdings Limited, informs
that the ordinary resolutions to wind up the company were passed
at an EGM held on Nov. 22 at Hoechsterstrasse 8, A-6850
Dornbirn, Austria.  Nicholas James Dargan of Athene Place, 66
Shoe Lane, London EC4A 3WA was appointed liquidator.

CONTACT:  DELOITTE & TOUCHE LLP
          Athene Place
          66 Shoe Lane
          London EC4A 3BQ
          Phone: 00 44 (0) 207 936 3000
          Fax: 00 44 (0) 207 779 4001
          Web site: http://www.deloitte.com


PRIORY MRI: Hires Poppleton & Appleby Liquidator
------------------------------------------------
At the extraordinary general meeting of Priory MRI plc held on
Dec. 1 at Priory Dene Conference Room, Priory Hospital, Priory
Road, Edgbaston, Birmingham B5 7UG, the special resolution to
wind up the company was passed.  M. T. Coyne of Poppleton &
Appleby, 35 Ludgate Hill, Birmingham B3 1EH was appointed
liquidator.

CONTACT:  POPPLETON & APPLEBY
          35 Ludgate Hill,
          Birmingham B3 1EH
          Phone: 0121 200 2962
          Web site: http://www.pandabirmingham.co.uk


RBQ MANAGEMENT: Liquidator from Oury Clark Enters Firm
------------------------------------------------------
Company Names: RHM HOLDINGS LIMITED
               RBQ MANAGEMENT LIMITED

A F Irby III, director of these companies, informs that the
special, ordinary and extraordinary resolutions to wind up the
firms were passed at an EGM held on Nov. 29 at 27 Knightsbridge,
London SW1X 7LY.  Derrick Arthur Smith of Oury Clark, Herschel
House, 58 Herschel Street, Slough, Berkshire SL1 1HD was
appointed liquidator.

Creditors are required on or before January 30, 2006, to send in
their full forenames and surnames, addresses and descriptions,
full particulars of debts or claims, and names and addresses of
Solicitors (if any) to Derrick Arthur Smith and if so required
by notice in writing their debt or claims.

CONTACT:  OURY CLARK
          PO Box 150
          Herschel House
          58 Herschel Street
          Slough
          Berkshire SL1 1HD
          Phone: 01753 551111
          Fax: 01753 550544
          E-mail: elliot.green@ouryclark.com


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

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members of the same firm for the term of the initial
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information, contact Christopher Beard at 240/629-3300.


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