No salvation for Salvesen

Article Abstract:

Christian Salvesen plans to demerge Aggreko, the group's equipment hire concern. Many of the company's institutional shareholders argue that Salvesen should not have rejected a bid from Hays in summer 1996, before assessing the details. Salvesen's shares reached 3.66 pounds sterling at the time of the bid. The shares fell by 4% to 3.13 pounds after news of the demerger. The demerger is a sensible move since Aggreko's activites have little synergy with those of Salvesen.

Trucking, General Freight Trucking, Trucking & Courier Services, Ex. Air, Misc. Equipment Rental & Leasing, Mergers, acquisitions and divestments, Logistics, Business logistics, Aggreko Inc.

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Christian Salvesen

Article Abstract:

Christian Salvesen is a UK distributor which has seen growth at Aggreko, the group's power generator and air conditioner leasing operations. The distribution side saw a rise in operating profit but a drop in operating margin for the six months to sep 1995. Changes in demand and poor crops in the UK have affected the group's food services profits. Profits for 1995-1996 are expected to be similar to those of the previous year, according to analysts.

Warehousing and Storage, Warehousing, Public Warehousing and Storage, Equipment rental & leasing, not elsewhere classified, Office Machinery and Equipment Rental and Leasing, Office & Business Eqp Leasing & Rental, Distribution of goods, Distribution (Commerce), Office equipment rental

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Bears to feast on Christian Salvesen

Article Abstract:

Christian Salvesen is a UK company which distributes products for large companies, stores and packages frozen food, and hires equipment for temperature control and power generation. The company faces competition in the market for distribution in Europe, and US operating profit for this activity fell in 1994. The company's share price has performed less well than the FT-A All-Share index, and investors are recommended to sell in Aug 1995.

Truck Transportation, Trucking & Warehousing, Food industry, Storage and moving industry, Industrial equipment leases

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