HSA-Spaarkrediet devient Centea
Article Abstract:
The Belgian savings bank, HSA-Spaarkrediet, subsidiary at 100% of Kredietbank and part of the banking group KBC, will be known as Centea from Spring 1999. HSA-Spaarkrediet (1997 turnover Bfr 307,1bn, net profits BFr 1,54bn) who are presently number seven in the Belgian banking sector with 1,085 agencies, wish to modernise and professionalise their service through encouraging the opening of independent agents and maximising their network throughout the country. A regional centre will be created at Namur to be used in the recruitment of new agents and the training of new agencies. The expansion plans will be particularly focused on Wallonia, in the south of Belgium, an area which at present accounts for only 10% of their business. A five year business plan aims to increase the number of branches in the region as well as improving the existing service, and 100 new agencies will be opened between 1999 and 2004. Furthermore, the company's advertising budget will rise 40% to BFr 60mn, a campaign to market Centea will begin in March 1999.
Comment:
Is planning to modernize & professionalize its service by encouraging opening of independent agents & maximising its network
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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Mobistar : les actionnaires c dent 20-25%/
Article Abstract:
France T l com should cut its share in the capital of Mobistar to 51% as the Belgian operator is to float in the end of September 1998, from 57% today. Compared to the stake held, the French telecoms operator will thus sell a lower amount than the other shareholders of Mobistar, which are expected to sell a 20-25% share in the company's capital. The details, which were revealed by the Flemish paper De Financieel-Economische Tijd, also include a price per share between BFr 1,075 and BFr 1,613. Mobistar is expected to introduce 3.5mn new stocks while issuing 5.8mn existing stocks as part of the operation. According to the Dutch bank ING-Barings, Mobistar is worth a stock market value of BFr 87bn.
Comment:
Telecommunication firm should cut share in the capital of Mobistar to 51% as it is to float in end of 9/98, from 57% today
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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HOLDING
Article Abstract:
Groupe Bruxelles Lambert (GBL) wants to support the strategy of PetroFina, which has to consolidate its positions, confirm its leading position in its core businesses, and keep developing in a number of fast-growing sectors. The Belgian banking group said that PetroFina is one of the companies in which it is willing to concentrate as part of the development of its industrial activities. The 23% stake that GBL has in the oil company's capital is not for sale, the bank said.
Comment:
Wants to support strategy of PetroFina, which will consolidate its positions, to strengthen leading position in its core bsns
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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