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PRESS DIGEST-Australian Business News - May 7

Reuters: [2008-05-06 22:26:00]

Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy.

THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com)

Gavin O'Reilly has taken over as the new chairman of media group APN News & Media <APN.AX>. Mr O'Reilly is chief operating officer of Irish media group Independent News & Media <INWS.I> which is 26.7 percent owned by his father, Sir Anthony O'Reilly. Independent News has a 40.7 percent stake in APN. 'We are long-term, strategic shareholders [in APN],' Mr O’Reilly said yesterday at APN's annual meeting, where he formally took the reins from outgoing chairman James Parkinson. Page 60.

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Wine and beer group Foster's <FGL.AX> saw profit at its North American business drop 32 percent to A$98 million in the first half of 2007-08, according to data compiled by marketing information firm ACNielsen. Among the company's worst-performing brands in the United States were Rosemount and the California-made Beringer. Foster's blamed slackening consumer spending in the US, which caused a 1.1 percent fall in broader wine market growth in that country in the four weeks ended April 19. Page 61.

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Fine paper merchant PaperlinX <PPX.AX> yesterday shut down a key pulp mill in Victoria for six weeks for maintenance and development work. The Maryvale mill is due for a planned A$310 million upgrade early next year. According to a PaperlinX spokesman, the outcome of the shutdown will determine if the upgrade will be completed on time, and whether projected savings will be achieved. Broker JPMorgan says successful completion of the Maryvale project will 'create a powerful step change in earnings for PaperlinX.' Page 61.

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Diversified industrial group Futuris Corp <FCL.AX> has abandoned its plans to offload its 43 percent stake in Australian Agricultural Company (AACo) <AAC.AX>. 'None of the proposals arising from the sale process have certainty of execution or timing,' said Futuris chief executive Les Wozniczka. It is understood that potential private buyers of AACo were held back by the rising cost of debt in the wake of the global credit crunch. Futuris shares fell 5 cents to A$2.11 yesterday, while AACo shares dropped 6 cents to A$3.13. Page 61.

--

THE AUSTRALIAN (www.theaustralian.news.com.au)

Banking and insurance group Suncorp Metway <SUN.AX> has announced a A$400 million raising in a convertible preference share (CPS) offer. Suncorp chairman John Story said yesterday the raising would help finance asset growth and reduce existing debt. The CPS securities, priced at A$100 each, will pay investors floating rate, quarterly, non-cumulative dividends. Suncorp expects the securities to receive investment-grade credit ratings of A- from Standard & Poor’s and A2 from Moody’s. Page 37.

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IBM Australia <IBM.N> yesterday announced a 222 percent rise in profit for calendar 2007 to A$196.7 million on revenue of A$3.96 billion. IBM said a new executive team and strong performances by its services and software divisions helped pull the company out of a lacklustre patch in the previous two years. 'With the [new] leadership team in 2006, we came together and said if we represent ourselves to clients as one IBM, all the internal stuff will work itself out,' managing director Glenn Boreham said. Page 37.

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The ACP Magazines division of PBL Media will launch an Australian version of the successful British title Good Food in partnership with BBC Magazines. 'This will be a unique addition to the Australian food magazine market, fusing the strength of an internationally respected UK brand with Australian flair, expertise and individuality,' said ACP senior publishing executive Phil Scott said yesterday. The magazine will be launched next month at the Sydney Good Food Show. Page 37.

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Former Formula One Minardi team owner Paul Stoddart has sold his stake in charter airline OzJet to airfreight operator HeavyLift Cargo Airlines. OzJet chief executive Willie O’Neill said the 'multimillion-dollar deal' would help improve the carrier's financial situation and enable it to boost investment. OzJet operates services to Norfolk Island, between Perth and Derby and between Perth and Bali in Indonesia. Page 37.

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THE SYDNEY MORNING HERALD (www.smh.com.au)

Troubled shopping centre group Centro Properties <CNP.AX> is today expected to seek what could be the last extension to its A$4.2 billion debt deadline. Chief executive Glenn Rufrano was last night understood to be in talks with bankers to secure a deal. One of the lenders, St George Bank <SGB.AX>, said it was confident Centro would get an extension despite the reluctance of problem-hit German bank WestLB to give Centro more time. Centro's main lenders include ANZ Bank <ANZ.AX>, Commonwealth Bank <CBA.AX>, National Australia Bank <NAB.AX> and JPMorgan <JPM.N>. Page 22.

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Insurer QBE <QBE.AX> extended for the second time its A$8 billion takeover offer for troubled rival Insurance Australia Group (IAG). The new deadline was set at 5 pm on May 19. QBE is offering IAG shareholders 0.142 of its shares in addition to 70 cents cash for every IAG share. 'The proposal has been extended to allow stakeholders more time to consider the impact of IAG's profit downgrade last week and the value of [QBE's] shares,' said QBE chief executive Frank O'Halloran. Page 23.

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One of the Commonwealth Bank’s listed office and retail trusts, Commonwealth Property Office Fund <CPA.AX>, announced a 4.6 percent rise in overall asset values for the three months to March 31. 'Although we expect to see a softening in demand, supply generally remains well in check to at least 2010,' said fund manager Charles Moore. He said the rising cost of debt finance and stricter lending policies being adopted by lenders may cause several development projects to be postponed. Page 23.

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A veteran Singapore Airlines executive, Chin Sak Hin, has been appointed chief financial officer of Singapore-based Tiger Airways, which launched domestic services in Australia in November. Tiger rejected speculation that the appointment signals greater control by Singapore Airlines <SIAL.SI>, which has a 49 percent stake in the low-cost carrier. '[Mr Chin] will no longer have a position with Singapore Airlines Group,' said a Tiger spokesman. Mr Chin is considered a close confidant of Singapore Airlines chief executive Chew Choon Seng. Page 23.

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THE AGE (www.theage.com.au)

Monash University management expert Peter Gahan warned that the skills shortage meant Australian companies could lose their competitive edge if they failed to invest in staff training. Professor Gahan said yesterday that some companies 'see the skills shortage as endemic and at a critical point [but] if it is so important…why is it so costly for them to invest in this kind of thing?' His comments came in the wake of an Australian Industry Group report, which showed 60 percent of chief executives thought the skills shortage was serious. Page B2.

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Australia’s trade deficit narrowed in March with a 4 percent rise in exports to A$19.2 billion, Australian Bureau of Statistics figures show. The trade gap shrank to A$2.91 billion from a record A$3.46 billion in February as more iron ore, coal and wheat was shipped overseas. Exports make up about 20 percent of the nation’s gross domestic product. Page B2.

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The National Australia Bank May farm outlook report has predicted a 69 percent jump in Victoria's wheat production in 2008-09 to 3.1 million tonnes, despite continuing water shortages in some regions. NAB agribusiness economist Frank Drum forecast a 72 percent increase in winter crop output to 38.8 million tonnes, with wheat output expected to touch 25 million tonnes. Page B3.

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BHP Billiton <BHP.AX><BLT.L> said yesterday that structural problems at its A$1.16 billion Neptune oil project in the Gulf of Mexico would cause further delays and cost increases. The company has a 35 percent stake in the project, which it operates for a consortium including Woodside Petroleum <WPL.AX> and Marathon Oil Company <MRO.N>. BHP said it hoped to bring Neptune on-stream by the second quarter of the year, but the platform would require 'remediation to reinforce certain structural components in the hull's pontoons.' Page B7. -- ((Sydney Newsroom +61-2 9373 1800; sydney.newsroom@reuters.com)) Keywords: DIGEST AUSTRALIA BUSINESS

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OCI weighs on Egypt's CASE30, Maridive extends gains

Reuters: [2008-05-06 15:24:00]

CAIRO, May 6 (Reuters) - Shares in heavyweight Orascom Construction Industries (OCI) <OCIC.CA><OCICq.L> pulled down Egypt's benchmark CASE 30 index <.CASE30> on Tuesday as institutions dominated trading, brokers said.

OCI dropped 3.2 percent to last trade at 440.99 Egyptian pounds ($82.43) extending losses to a second day, while the CASE 30 lost 1.1 percent to 11,801.78 points.

"The decision to abolish the privileges of fertiliser companies in free zones was a drawback for the firm," said Hashem Ghoneim, the CEO of El Nour Securities.

OCI said in February it was taking over the fertiliser activities of UAE company Abraaj Capital in exchange for cash and shares worth about $1.59 billion.

The Egyptian government has abolished the tax and custom privileges of energy-intensive companies, including fertilisers, in free zones as part of a budget amendment approved by parliament on Monday.

Shares in other big caps were also in the red, with Orascom Telecom <ORTE.CA><ORTEq.L> last trading 1.1 percent lower at 80 pounds and investment bank EFG-Hermes <HRHO.CA><HRHOq.L> edging down 0.1 percent to 55.32 pounds.

"Big caps are still affected by the IPOs we saw in previous days as investor are reallocating money," Ghoneim added.

Investors were still buying shares in Egyptian oil services company Maridive & Oil Services <MOIL.CA> on its second day of trading, boosting it by 7.5 percent to $5 per share.

"The issue price was seen as cheap in the market and the company has very good fundamentals," said Eissa Fathy, managing director of the Strategic Company for Securities.

Overall, the broader CIBC index <.CIBC> was 0.1 percent down to 581.94 points, while the well watched Hermes index <.HRMS> dipped 1.05 percent to 103,212.7 points. ($1 = 5.35 Egyptian pounds) (Reporting by Wael Gamal) ((wael.gamal@reuters.com; Cairo newsroom +20 2 2578 3290/1))

Keywords: MARKETS EGYPT CLOSER

To view related displays double click on the following codes: 
    All CSE indices  <0#.INDEX.CA> 
    CSE General index <.CCSI> 
    Top 10 by volume <.AV.CA> 
    Market gest <EG/STATS2> 
    Top 10 by turnover <.AMP.CA> 
    Egyptian pound forex rates <EGP=> 
    Top 10 movers <.AT.CA> 
    Stocks by sector <EG/SECTOR1> 
    Top 10 gainers <.NGP.CA> 
    Top 10 percentage gainers <.PG.CA> 
    Top 10 losers <.NLP.CA> 
    Top 10 percentage losers <PL.CA> 
    GDRs <0#.SIEY> 
 RELATED NEWS AND OTHER TOPICS 
    Egypt news - [EG] 
    Egypt diary - [EG/DIARY] 
    Press review - [PRESS/EG] 
    Active Egypt stocks - [EG-HOT] 
  Keywords: MARKETS EGYPT CLOSER =2 
    

OCI weighs on Egypt's CASE30, Maridive extends gains

Reuters: [2008-05-06 14:38:00]

CAIRO, May 6 (Reuters) - Shares in heavyweight Orascom Construction Industries (OCI) <OCIC.CA><OCICq.L> pulled down Egypt's benchmark CASE 30 index <.CASE30> on Tuesday as institutions dominated trading, brokers said.

OCI dropped 3.2 percent to last trade at 440.99 Egyptian pounds ($82.43) extending losses to a second day, while the CASE 30 lost 1.1 percent to 11,801.78 points.

"The decision to abolish the privileges of fertiliser companies in free zones was a drawback for the firm," said Hashem Ghoneim, the CEO of El Nour Securities.

OCI said in February it was taking over the fertiliser activities of UAE company Abraaj Capital in exchange for cash and shares worth about $1.59 billion.

The Egyptian government has abolished the tax and custom privileges of energy-intensive companies, including fertilisers, in free zones as part of a budget amendment approved by parliament on Monday.

Shares in other big caps were also in the red, with Orascom Telecom <ORTE.CA><ORTEq.L> last trading 1.1 percent lower at 80 pounds and investment bank EFG-Hermes <HRHO.CA><HRHOq.L> edging down 0.1 percent to 55.32 pounds.

"Big caps are still affected by the IPOs we saw in previous days as investor are reallocating money," Ghoneim added.

Investors were still buying shares in Egyptian oil services company Maridive & Oil Services <MOIL.CA> on its second day of trading, boosting it by 7.5 percent to $5 per share.

"The issue price was seen as cheap in the market and the company has very good fundamentals," said Eissa Fathy, managing director of the Strategic Company for Securities.

Overall, the broader CIBC index <.CIBC> was 0.1 percent down to 581.94 points, while the well watched Hermes index <.HRMS> dipped 1.05 percent to 103,212.7 points.

The broader CIBC index <.CIBC> gained 0.7 percent to 582.27 points. ($1 = 5.35 Egyptian pounds) (Reporting by Wael Gamal) ((wael.gamal@reuters.com; Cairo newsroom +20 2 2578 3290/1))

Keywords: MARKETS EGYPT CLOSER

To view related displays double click on the following codes: 
    All CSE indices  <0#.INDEX.CA> 
    CSE General index <.CCSI> 
    Top 10 by volume <.AV.CA> 
    Market gest <EG/STATS2> 
    Top 10 by turnover <.AMP.CA> 
    Egyptian pound forex rates <EGP=> 
    Top 10 movers <.AT.CA> 
    Stocks by sector <EG/SECTOR1> 
    Top 10 gainers <.NGP.CA> 
    Top 10 percentage gainers <.PG.CA> 
    Top 10 losers <.NLP.CA> 
    Top 10 percentage losers <PL.CA> 
    GDRs <0#.SIEY> 
 RELATED NEWS AND OTHER TOPICS 
    Egypt news - [EG] 
    Egypt diary - [EG/DIARY] 
    Press review - [PRESS/EG] 
    Active Egypt stocks - [EG-HOT] 
  Keywords: MARKETS EGYPT CLOSER =2 
    

DIARY - Egypt/Sudan - May 6

Reuters: [2008-05-06 09:52:00]

This diary is updated daily. New listings or amendments are marked *. All events/times provisional and in GMT (local time is GMT +3 for Egypt, GMT +3 for Sudan).

TODAY'S EVENTS

CAIRO - Final bids due for up to 67 percent of Banque du Cairo, according to al Alam al Youm.

COMING EVENTS

WEDNESDAY, MAY 7

CAIRO - Mobinil <EMOB.CA> releases first quarter 2008 results.

CAIRO - Orascom Telecom <ORTE.CA> to release first quarter results after trading session ends.

CAIRO - Egyptair holds news conference on future plans.

THURSDAY, MAY 8

CAIRO - Central bank's monetary policy committee meets.

CAIRO - Verdict expected in libel lawsuit filed by state news agency MENA against leftist newspaper al-Badeel.

CAIRO - Shares of Egyptian developer Palm Hills expected to list on Egypt's stock exchange.

*CAIRO - The Africa Gulf Society for Sexual Medicine holds media programme on treatment of erectile dysfunction in the Middle East and Africa.

FRIDAY, MAY 9

CAIRO - Central bank issues statement on monetary policy.

SUNDAY, MAY 11 - WEDNESDAY, MAY 14

CAIRO - Intergas V conference and exhibition.

MONDAY, MAY 12

CAIRO - ITU Telecom Africa 2008, through Thursday.

CAIRO - Commercial International Bank (CIB) <COMI.CA> <COMIq.L> to announce its first quarter financial results.

WEDNESDAY, MAY 14 - THURSDAY, MAY 15

CAIRO - GSM Association is holding a Mobile Money summit.

SATURDAY, MAY 17

CAIRO - Court session in lawsuit filed by man against Egyptian academic Saad Eddin Ibrahim for $100 million in damages for "harm to Egyptian national unity."

SUNDAY, MAY 18

SHARM EL-SHEIKH - World Economic Forum meeting starts, through May 20.

MONDAY, MAY 26

CAIRO - Euromoney conference on Egyptian real estate.

THURSDAY, JUNE 19

CAIRO - Telecommunications Regulatory Authority deadline for bids for Egypt's second fixed-line telephone licence

TUESDAY, JUNE 24

SHARM EL-SHEIKH - Two-day meeting of African Union experts to prepare for AU summit.

THURSDAY, JUNE 26

CAIRO - Central bank's monetary policy committee meets.

FRIDAY, JUNE 27

CAIRO - Central bank issues statement on monetary policy.

SHARM EL-SHEIKH - Two-day meeting of African Union Executive Council to prepare for AU summit.

MONDAY, JUNE 30

SHARM EL-SHEIKH - Two-day African Union summit.

THURSDAY, JULY 17

ALEXANDRIA - Wikimania 2008 conference at Alexandria Library, organised by the Wikimedia Foundation, through Saturday.

THURSDAY, AUGUST 7

CAIRO - Central bank's monetary policy committee meets.

FRIDAY, AUGUST 8

CAIRO - Central bank issues statement on monetary policy.

THURSDAY, SEPTEMBER 18

CAIRO - Central bank's monetary policy committee meets.

FRIDAY, SEPTEMBER 19

CAIRO - Central bank issues statement on monetary policy.

THURSDAY, NOVEMBER 6

CAIRO - Central bank's monetary policy committee meets.

FRIDAY, NOVEMBER 7

CAIRO - Central bank issues statement on monetary policy.

THURSDAY, DECEMBER 25

CAIRO - Central bank's monetary policy committee meets.

FRIDAY, DECEMBER 26

CAIRO - Central bank issues statement on monetary policy.

NOTE-Inclusion of diary items does not necessarily mean that Reuters will file a story on the event.

Key world financial events diary [KEY/DIARY]

International political diary [POL/DIARY]

Full index of available diaries [IND/DIARY] ((Cairo newsroom +202 2 578 3290/1, fax +202 577 1133, cairo.newsroom@reuters.com))

Keywords: EGYPT DIARY

DIARY - Greece to May 30, 2008

Reuters: [2008-05-06 09:21:00]

This diary is updated daily and new listings or amendments 
are marked "*". All times are provisional and in GMT; +3 to get 
Greek time. 
_____________________________________________________________ 
DATE  GMT/LOCAL INDICATOR             PERIOD F/CAST  PRIOR 
------------------------------------------------------------- 
08/05    NA     Construction                Feb       4.946k 
08/05    NA     CPI y/y                     Apr         4.4% 
08/05    NA     HICP                        Apr         4.4% 
09/05    NA     Manufacturing output        Mar        -5.2% 
09/05    NA     Ind. output                 Mar        -4.2% 
14/05    NA     Unemployment (monthly)      Feb         8.0% 
15/05    NA     GDP (est.)                  Q1          3.6% 
22/05    NA     Cbank C/A                   Mar      -1.843b 
29/05    NA     PPI                         Apr              
30/05    NA     Retail Sales                Mar              
 
 
TUESDAY, MAY 6 
GENERAL/ECONOMIC EVENTS 
    *ATHENS - Prime Minister Costas Karamanlis meets Foreign 
Minister Dora Bakoyanni, Defence Minister Evangelos Meimarakis 
and Finance Minister George Alogoskoufis, at Maximos Mansion, at 
0700 GMT. He then chairs inner cabinet meeting on issues related 
to the Defence Ministry, at 0800 GMT. 
    *GREECE - OTE <OTEr.AT> employees hold two-day nationwide 
strike against government plans to sell a stake in the Greek 
company to Deutsche Telekom <DTEGn.DE>. 
    ATHENS - Transport and Communications Ministry organises 
one-day conference on "The role of International 
Telecommunication Organisations in development and social 
progress", at the Ministry, at 0600 GMT. OTE <OTEr.AT> chairman 
and CEO Panagis Vourloumis to speak at 1005 GMT. 
 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
06/05   1000  Intralot         <INLr.AT>     AGM 
06/05   NA    Titan            <TTNr.AT>     Q1 results 
06/05   NA    EFG Eurobank     <EFGr.AT>     Q1 results 
 
 
WEDNESDAY, MAY 7 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
07/05   0900  Euro Reliance    <EREr.AT>     AGM 
07/05   NA    Emporiki Bank    <CBGr.AT>     Q1 results 
 
 
THURSDAY, MAY 8 
GENERAL/ECONOMIC EVENTS 
    *ATHENS - The British Hellenic Chamber of Commerce holds 
press conference to present 2 Nations programme, at the Athens 
Music Hall, at 0930 GMT.  
    ATHENS - Meeting of the Governing Council of the ECB. 
 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
08/05   0530  Coca-Cola HBC    <HLB.AT>      Q1 results 
08/05   1300  PC Systems       <PCSr.AT>     EGM 
08/05   0930  Mytilineos       <MYTr.AT>     AGM 
08/05   0830  Klotanex         <KLOr.AT>     EGM 
08/05   0630  SingularLogic    <LDSr.AT>     AGM 
 
 
FRIDAY, MAY 9 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
09/05   0800  Keramia-Allatini <KEAr.AT>     AGM 
09/05   1400  Praxitelio       <CRFr.AT>     AGM 
 
 
MONDAY, MAY 12 
GENERAL/ECONOMIC EVENTS 
    *ATHENS - Telecom company Tellas holds press conference to 
present its new company identity, at Hilton hotel, at 0930 GMT. 
 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
12/05   0700  Alpha Grissin    <CSSr.AT>     AGM 
12/05   NA    Hellenic Petrol  <HEPr.AT>     Q1 results 
12/05   0730  Lesvos Maritime  <LESr.AT>     EGM 
 
 
TUESDAY, MAY 13 
GENERAL/ECONOMIC EVENTS 
    ATHENS - Greece's industrialists union SEV holds its annual 
meeting, at the Athens Music Hall, at 1630 GMT. Prime Minister 
Costas Karamanlis to address the meeting, Finance Minister 
George Alogoskoufis and SEV head Dimitris Daskalopoulos to 
deliver keynote speeches.  
 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
13/05   0730  Alpha Bank       <ACBr.AT>     RGM 
 
 
WEDNESDAY, MAY 14 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
14/05   1400  Hellenic Exchange<EXCr.AT>     AGM 
14/05   0900  ATEbank          <AGBr.AT>     AGM 
14/05   1000  S&B              <BARr.AT>     AGM 
14/05   1330  Bank of Cyprus   <BOCr.AT>     AGM 
14/05   1000  Forthnet         <FORr.AT>     EGM 
14/05   1000  Hellenic Petrol  <HEPr.AT>     AGM 
 
 
THURSDAY, MAY 15 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
15/05   1400  Persefs          <PRSr.AT>     AGM 
15/05   0930  Metka            <MTKr.AT>     AGM 
15/05   1400  Marfin Popular   <MRBr.AT>     AGM 
15/05   1200  Teletypos        <TELr.AT>     AGM 
15/05   1000  National Bank    <NBGr.AT>     RGM 
 
 
FRIDAY, MAY 16 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
16/05   0900  FHL Mermeren     <FHL.AT>      AGM 
16/05   0900  Bank of Attica   <BOAr.AT>     EGM 
 
 
SUNDAY, MAY 18 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
18/05   0700  ANEK Lines       <ANKr.AT>     AGM 
 
 
MONDAY, MAY 19 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
19/05   1400  Plaisio          <PLAr.AT>     AGM 
19/05   1100  Euromedica       <EMDr.AT>     AGM 
19/05   1400  Blue Star Ferries<STR.AT>      AGM 
19/05   1300  Axon Holdings    <AXOr.AT>     AGM 
 
 
TUESDAY, MAY 20 
GENERAL/ECONOMIC EVENTS 
    *BULGARIA - Prime Minister Costas Karamanlis pays two-day 
visit, to attend South East Europe Cooperation Process summit. 
 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
20/05   1200  Nireus Aqua      <NIRr.AT>     AGM 
20/05   0600  Petzetakis       <PETr.AT>     AGM 
20/05   1400  Sarantis         <SRSr.AT>     AGM 
20/05   1300  Infoquest        <IQTr.AT>     AGM 
20/05   1000  Titan            <TTNr.AT>     AGM 
 
 
WEDNESDAY, MAY 21 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
21/05   1100  Logismos         <MCLr.AT>     AGM 
21/05   1400  Active           <ACTr.AT>     AGM 
 
 
THURSDAY, MAY 22 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
22/05   1100  Kego             <KEGr.AT>     AGM 
22/05   0900  Reds             <CAMr.AT>     AGM 
22/05   0730  Microland        <MCRr.AT>     AGM 
22/05   0900  Lambrakis        <DOLr.AT>     AGM 
22/05   1000  Lamda Developm.  <LMDr.AT>     AGM 
 
 
FRIDAY, MAY 23 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
23/05   1400  Proton Bank      <PRBr.AT>     AGM 
23/05   1200  Hellenic Fabric  <HFAr.AT>     AGM 
 
 
SATURDAY, MAY 24 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
24/05   0800  Karatzi          <KRTr.AT>     AGM 
24/05   0600  Vardas           <VRDr.AT>     AGM 
 
 
MONDAY, MAY 26 
QUITIES 
Date    GMT   Company Name      RIC          Event 
26/05   1400  MIG              <MRFr.AT>     AGM 
 
 
THURSDAY, MAY 29 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
29/05   1100  Autohellas       <AUTr.AT>     AGM 
29/05   1300  Nexans           <ALCr.AT>     AGM 
29/05   0930  Motor Oil        <MORr.AT>     AGM 
29/05   0900  Fashion Box      <BOXr.AT>     AGM 
 
 
FRIDAY, MAY 30 
EQUITIES 
Date    GMT   Company Name      RIC          Event 
30/05   0700  Maxim-Pertsinidis<MAXIM.AT>    AGM 
 
((Athens Newsroom +30 210 3311813, fax +30 210 3311829, 
athens.newsroom@news.reuters.com, tatiana.fragou@reuters.com)) 
    * NOTE: The inclusion of diary items does not necessarily 
mean that Reuters will file a story based on the event. 
    INDEX OF DIARIES - double-click on [IND/DIARY] 
  

Next: PRESS DIGEST - British business - May 6