The company failed to secure a second round of financing following the closure of breathe freely, its unmetered internet access service.
U.K. investment bank Durlacher expects to report substantial losses for the six months to December 31. Shares in the company fell by 19 per cent to 23.5 pence upon the announcement.
The European Investment Fund and Danish Bank Roskilde Bank A/S will offer an alternative to VC financing for SMEs.
Press reports say that the ferry business which was put up for sale in June is about to be sold.
Schroders PLC, the UK asset management group saw its private equity investment profits show a more than threefold jump from £14.9 million to £49.9 million for the first half year of 2000.
Deutsche's private equity arm, together with French holiday firm Pierre et Vacances, is set to enter exclusive negotiations with Scottish & Newcastle for the sale of Center Parc holiday villages.
Danish Genmab achieves the biggest private placement by a European-based life science company.
PEO was in Paris for the annual EVCA Symposium. Our exclusive report features video interviews with leading industry figures at the event.
Meta Management Services and QE are the two companies being merged. yesterday called in accountants KPMG to liquidate the online clothes retailer.

Copyright PEI Media

Not for publication, email or dissemination