Thrane & Thrane to Breach Agreement With Nera

Tuesday, December 11, 2001
Nera ASA has been informed that Thrane & Thrane will not close the agreement relating to the sale of the Nera SatCom AS. Based on this, Nera has considered taking legal action. Nera CEO Bjorn Ove Skjeie said: “Nera’s percetion is that this is regarded as a clear breach of agreement. We consider it to be very serious that Thrane & Thrane breach an agreement which both is signed and approved by the board of directors, and which expressly obliged them to work actively to give effect to the agreement.” Skjeie regrets that the planned merger will not be carried through, as this would have been a good industrial solution. Nera SatCom will now continue as a wholly owned Nera Group company. Terje Ask-Henriksen, president of Nera SatCom states, “Nera Satcom will now focus on continued development of the company as a leading and profitable unit, with a focus on mobile satellite communications.”

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Cautious Optimism on Pacific NorthWest LNG Report

Canadian Environmental Assessment Agency (CEAA)  has ruled that Pacific NorthWest LNG’s project in British Columbia would likely harm harbour porpoises and contribute to climate change,

UPS Oposes CP-NS Merger

UPS, one of North America’s largest intermodal shippers, has told federal regulators that it is against Canadian Pacific Railway's (CP's) proposed acquisition of Norfolk Southern Corp.

SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors

Finance

Brazil's CEEE to sell stakes in Wind Farms, Dams

Brazil's Companhia Estadual de Energia Elétrica (CEEE), a power utility controlled by the state of Rio Grande do Sul, will sell assets including stakes in wind farms,

DP World Bolsters Investment in India

DP World Pvt. Ltd, the world’s fourth biggest container port operator majority owned by the Dubai government, has plans to invest over $1 billion in India for augmenting its port-related operations.

SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0788 sec (13 req/sec)