T R O U B L E D C O M P A N Y R E P O R T E R E U R O P E Monday, December 3, 2007, Vol. 8, No. 239 Headlines A U S T R I A COPER GEBAUDEMANAGEMENT: Court Orders Business Shutdown GZG HAUSBAU: Administrator Declares Insufficient Assets ROSSMANN LLC: Creditors' Meeting Slated for Dec. 6 SARIANA LLC: Graz Court Orders Business Shutdown B E L G I U M LEVI STRAUSS: Forms Joint Venture Partnership with Nike Unit SOLUTIA INC: Court Confirms Consensual Reorganization Plan F R A N C E DELPHI CORP: Delays Hearing on Chapter 11 Disclosure Statement G E R M A N Y AKTIV & ENTSPANNT: Claims Registration Period Ends Dec. 14 BAUTEC INNENAUSBAU: Claims Registration Period Ends Dec. 19 BAUUNTERNEHMEN WILFRIED: Creditors' Meeting Slated for Dec. 14 CAMY MEDIZINISCHE: Claims Registration Period Ends Jan. 18, 2008 DICHTEC ABDICHTUNGS: Claims Registration Period Ends Dec. 21 F. U. G. SCHMIDT: Claims Registration Period Ends Dec. 27 GBG WORMS: Claims Registration Period Ends Jan. 17, 2008 GMR GEBAUDE: Creditors' Meeting Slated for December 20 GOTEX TEXTIL: Claims Registration Period Ends Jan. 14, 2008 GROENLANDER DAMM: Claims Registration Period Ends Dec. 14 GSE PROTECT: Creditors' Meeting Slated for Dec. 20 L.E.V.I. BAUAUSFUEHRUNGS: Creditors' Meeting Slated for Dec. 17 M.TEL GMBH: Claims Registration Period Ends Dec. 27 MULTI-DATA-ELEKTRONIK GMBH: Claims Period Ends Dec. 19 OEZCAN YAPRAK: Creditors' Meeting Slated for December 5 P.B.W. GESELLSCHAFT: Claims Registration Period Ends Dec. 15 SCHEDERNDORFER HOLZBAU: Claims Registration Period Ends Dec. 12 STRATEN HANDEL: Claims Registration Period Ends Jan. 18, 2008 ZED ZENTRALE: Claims Registration Period Ends Dec. 11 I R E L A N D COMMSCOPE INC: Unit Works with iconnect to Hook Up Langtree GAP INC: Board Declares US$0.08 Per Share Quarterly Dividend I T A L Y ALITALIA SPA: Bidders Have Until Dec. 6 to Submit Offers DANA CORP: Indiana and Pine Tree Object to Plan Confirmation DANA CORP: Creditors Supports Appaloosa Settlement Pact DANA CORP: Noteholders Balk at Appaloosa Settlement Agreement PARMALAT SPA: NY Court Gives No Decision on Class Action Appeal K A Z A K H S T A N ASIA INFORMATION: Proof of Claim Deadline Slated for Dec. 28 BOLASHAKTY MURAGER: Creditors Must File Claims Jan. 1 CEFIRA LLP: Claims Filing Period Ends Dec. 31 EUROSTYLE LTD: Creditors' Claims Due on Dec. 28 NIVA LLP: Claims Registration Ends Jan. 2 PARTNER CENTREMASH: Proof of Claim Deadline Slated for Dec. 28 TANATAR LLP: Creditors Must File Claims Dec. 31 TECHSTROYSNABPLUS LLP: Claims Filing Period Ends Jan. 1 VOSHOD-S LLP: Creditors' Claims Due on Jan. 2 WESTERN LOGISTICS: Claims Registration Ends Jan. 1 K Y R G Y Z S T A N AKVICOM LLC: Creditors Must File Claims by December 26 N E T H E R L A N D S NEPTUNO III: S&P Rates EUR27.3 Million Class E Notes at BB- ROMPETROL GROUP: EU Okays KazaMunayGas 75% Stake Acquisition ROMPETROL GROUP: Completed Deal Cues Fitch to Watch B- IDR ROMPETROL GROUP: Building US$90 Million Crude Marine Terminal P O L A N D NETIA SA: Consolidates Two Subsidiaries to Simplify Structure R U S S I A ACHINSKAYA LLC: Creditors Must File Claims by Dec. 17 AGROPROMENERGO LLC: Creditors Must File Claims by Jan. 17, 2008 INTERFIN TRADE: S&P Affirms and Withdraws Junk Ratings MAIN ROAD.RU: Creditors Must File Claims by Jan. 17, 2008 PERIMETR LLC: Court Starts Bankruptcy Supervision Procedure PRIMORSKIJ OJSC: Asset Sale Slated for Dec. 21 SERPUKHOVSKIJ MILK: Creditors Must File Claims by Jan. 17, 2008 SIBERIAN CEMENT: Creditors Must File Claims by Jan. 17, 2008 SISTEMA-HALS: Buys 4.42% KAMELIA Shares for Undisclosed Amount SSMO LENSPECSMU: S&P Rates Proposed Credit-Linked Notes at B TROIKA DIALOG: Placing US$300-US$400 Mln CDO in Mid-December URALOILGASELECTROMONTAZH: Creditors Must File Claims by Dec. 17 VIMPEL-COMMUNICATIONS: Earns US$458 Mln for Third Quarter 2007 ZHILKOMKHOZ OJSC: Creditors Must File Claims by Jan. 17, 2008 S P A I N RURALPYME 2: Fitch Junks EUR24.05 Million Class D Notes TDA TARRAGONA 1: Moody's Junks EUR14.7 Million Series D Notes S W I T Z E R L A N D ALPINE CHARTERING: Creditors' Liquidation Claims Due by Dec. 7 B.V.I. METALS: Creditors' Liquidation Claims Due by December 7 FREBEL JSC: Creditors' Liquidation Claims Due by December 6 IMFELD + ANGST JSC: Creditors' Liquidation Claims Due by Dec. 6 INPS - INTERNATIONAL NICHE: Creditors Must File Claims by Dec. 7 IROS LLC: Zurich Court Closes Bankruptcy Proceedings LIRONO JSC: Creditors' Liquidation Claims Due by December 7 OVERMA JSC: Creditors' Liquidation Claims Due by December 7 PAGG COMPONENTS: Creditors' Liquidation Claims Due by December 7 REGLI WEINKELTEREI: Schaffhausen Court Closes Bankruptcy Process SCHELLENBERG FAHRRAD: Zurich Court Closes Bankruptcy Proceedings VTW ANLAGEN: Creditors' Liquidation Claims Due by December 6 U K R A I N E BIOTOP LLC: Creditors Must File Claims by December 4 CAPITAL DONBASS: Creditors Must File Claims by December 4 CAPITAL HERSON: Creditors Must File Claims by December CAPITAL POLTAVA: Creditors Must File Claims by December 4 CAPITAL PROMIN: Creditors Must File Claims by December 4 COLEKTIFF LLC: Creditors Must File Claims by December 4 HARVEST LLC: Creditors Must File Claims by December 4 INTER MEDICAL: Creditors Must File Claims by December 4 LOAD MOTORCAR: Creditors Must File Claims by December 4 MODIL LLC: Creditors Must File Claims by December 4 UKRAINIAN AGRICULTURAL: Creditors Must File Claims by Dec. 4 VYSOKOPOLSKY COMBINE: Creditors Must File Claims by December 4 ZHOVTEN LLC: Proofs of Claim Deadline Set December 4 ZLAGODA LLC: Proofs of Claim Deadline Set December 4 U N I T E D K I N G D O M A. RYALL: Taps Kroll as Joint Administrators ADVANCED MICRO: Advances Phil Rogers to Corporate Fellow ATLAS REINSURANCE: S&P Assigns B Ratings to Variable Rate Notes BRADLEY & PARTNER: Brings In Liquidators from Tenon Recovery FEDERAL-MOGUL: Expected Chap. 11 Exit Cues Moody's (P)Ba3 Rating GOODYIELD LTD: Calls In Liquidators from UHY Hacker Young METRONET RAIL: European Commission Okays GBP897 Mln Rescue Aid METRONET RAIL: WS Atkin's Pre-Tax Profit Up 46% Despite Collapse METRONET RAIL: Moody's Cuts Senior Secured Debt Ratings to B2 MFS CORPORATE: Brings In Administrators from KPMG MOLSON HOLDINGS: Brings In Joint Administrators from PwC NOBOK LTD: Appoints Joint Administrators from PwC NORTHERN ROCK: Darling Sees Bidding War as Parties Submit Offers NORTHERN ROCK: Virgin Eyes GBP30 Bln Savings Boost Under Plan PLASTIQUE PUBLISHING: Joint Liquidators Take Over Operations POPE & TALBOT: Wants to Employ Shearman as Bankruptcy Counsel POPE & TALBOT: Wants to Employ Pachulski Stang as Co-Counsel POPE & TALBOT: Court Approves Kurtzman Carson as Claims Agent PROMOVERE EVENT: Appoints Liquidators from Mazars SHENNON LTD: Hires Liquidators from Smith & Williamson REFCO INC: Ch. 7 Trustee Wants Nod on MF Global Settlement Pact REFCO INC: Mayer Brown Wants US$245 Million Lawsuit Dismissed SEA CONTAINERS: SCSL Panel Hires Attride-Stirling as Counsel SEA CONTAINERS: Marathon Discloses 10.7% Equity Stake SHAW GROUP: Environmental Unit Bags Deal from U.S. Army Corps SOLUTIA INC: Moody's Rates New US$400 Mln Bank Facility at Ba1 SPORTASYLUM LTD: Brings In Administrators from PwC * BOND PRICING: For the Week Nov. 12 to Nov. 16, 2007 ********* ============= A U S T R I A ============= COPER GEBAUDEMANAGEMENT: Court Orders Business Shutdown ------------------------------------------------------- The Land Court of Wiener Neustadt entered Oct. 29 an order shutting down the business of LLC Coper Gebaudemanagement (FN 166614x). Court-appointed estate administrator Valentin Piskernik recommended the business shutdown after determining that the continuing operations would reduce the value of the estate. The estate administrator can be reached at: Mag. Valentin Piskernik Hochstrasse 31 2380 Perchtoldsdorf Austria Tel: 01/86 93 888 Fax: 01/86 91 660-33 E-mail: anwalt@aon.at Headquartered in Wiener Neudorf, Austria, the Debtor declared bankruptcy on Oct. 3 (Bankr. Case No 11 S 106/07k). GZG HAUSBAU: Administrator Declares Insufficient Assets ------------------------------------------------------- Dr. Eva Riess, the court-appointed estate administrator for LLC GZG Hausbau (FN 292424k), declared Oct. 24 that the Debtor's property is insufficient to cover creditors' claim. The Trade Court of Vienna is yet to rule on the estate administrator's claim. Headquartered in Vienna, Austria, the Debtor declared bankruptcy on Oct. 2 (Bankr. Case No. 4 S 112&07h).Leopold Riess represents Dr. Eva Riess in the bankruptcy proceedings. The estate administrator can be reached at: Dr. Eva Riess c/o Dr. Leopold Riess Zeltgasse 3 1080 Vienna Austria Tel: 402 57 01 Fax: 402 57 01 21 E-mail: law@riess.co.at ROSSMANN LLC: Creditors' Meeting Slated for Dec. 6 -------------------------------------------------- Creditors owed money by LLC Rossmann (FN 194880p) are encouraged to attend the creditors' meeting at 3:05 p.m. on Dec. 6. The creditors' meeting will be held at: The Land Court of Graz Room 230 Hall L Graz Austria Headquartered in Poppendorf, Austria, the Debtor declared bankruptcy on Oct. 29 (25 S 107/07h). Mag. Hans Peter Puchleitner serves as the court-appointed estate administrator of the bankrupt's estate. The estate administrator can be reached at: Mag. Hans Peter Puchleitner Taborstrasse 3 8350 Fehring Austria Tel: 03155/5170 Fax: 03155/5170-20 E-mail: kanzlei-puchleitner@inode.at SARIANA LLC: Graz Court Orders Business Shutdown ------------------------------------------------ The Land Court of Graz entered Oct. 29 an order shutting down the business of LLC Sariana (FN 111409m). Court-appointed estate administrator Candidus Cortolezis recommended the business shutdown after determining that the continuing operations would reduce the value of the estate. The estate administrator can be reached at: Dr. Candidus Cortolezis Hauptplatz 14 8010 Graz Austria Tel: 0316/81 39 73 Fax: 0316/84 77 97 E-mail: office@cortolezis.com Headquartered in Wien, Austria, the Debtor declared bankruptcy on Oct. 12 (Bankr. Case No 25 S 110/07z). ============= B E L G I U M ============= LEVI STRAUSS: Forms Joint Venture Partnership with Nike Unit ------------------------------------------------------------ Levi & Strauss Co. and Jordan Brand, a division of Nike, Inc., has announced a collaborative partnership that will create a limited number of toe-to-head fashion packages for collectors and fans of both brands. The resulting, jointly developed Jordan Levi's(R) Collection will unite classic style with urban design flair, delivering freshly-interpreted takes on iconic flagship product from both leaders. The men's only, specially designed, co-branded product will be appropriately named the 23/501(R) collection and will arrive in stores starting in March 2008. As part of the project, the two global icons created an exclusive collection pairing the Air Jordan Retro 1 style sneakers with a pair of exclusive, co-branded Levi's(R) Original 501(R) jeans and a signature tee shirt featuring graphic artwork taken from both brands. All three pieces will be sold together as a set and will come enclosed in an innovative, co-branded package, specially designed for this occasion. The premium, selvage denim will be lined with the signature Jordan Brand elephant print and include a sneaker protector at the cuff, reducing the transfer of indigo dye to the shoe. The 501(R) Jean will feature a gold metallic zipper fly and the Jordan Brand signature Jumpman logo embroidered on the pockets along with the Jordan Brand name on the rear leather-measurement waistband patch. The Air Jordan Retro 1's will be one-of-a-kind and will be made from Levi's(R) Original 501(R) denim, printed with the traditional Jordan Brand elephant graphic design. "Jordan Brand has always prided itself on being the innovator of urban, sport fashion and we are proud to partner with a true fashion icon -- the original inventor of the blue jean-Levi Strauss & Co.," said Jordan Brand Business Director of Apparel, Fran Boller. "We believe that this collaboration with Levi's(R) is the perfect opportunity to offer this exclusive package to consumers looking for something truly original and authentic." Similarly, Levi's(R) Jeanswear Director of Brand Marketing, Doug Sweeny added: "Both brands share a kinship given the role each play within their respective categories. That is what brought these brands together. Like the Air Jordan 1, the Original 501(R) jean is really where it all began. It has become one of the most enduring and malleable pieces of apparel ever created." The collaboration between Levi's(R) Jeanswear and Jordan Brand represents an opportunity for both brands to further define the sport-fashion market. The limited-edition packages will be available Mar. 1, 2008, at select specialty retailers, Levi(R) Stores and Niketown locations. About Jordan Brand A division of Nike, Inc., Jordan Brand -- http://www.Jumpman23.com/-- is a premium brand of footwear, apparel and accessories inspired by the dynamic legacy, vision and direct involvement of Michael Jordan. The Jordan Brand made its debut in 1997 and has grown into a complete collection of performance and lifestyle products for both men and women. The Jordan Brand remains active in the community by donating a portion of its proceeds to Jordan Fundamentals, an education grants program for teachers. About Levi Strauss & Co. Headquartered in San Francisco, California, Levi Strauss & Co. - - http://www.levistrauss.com/-- is a branded apparel company. The company designs and markets jeans and jeans-related pants, casual and dress pants, tops, jackets and related accessories for men, women and children under its Levi's, Dockers and Levi Strauss Signature brands in markets around the world. Levi Strauss & Co. distributes its Levi's and Dockers products primarily through chain retailers and department stores in the United States, and through department stores, specialty retailers and franchised stores abroad. The company distributes its Levi Strauss Signature products through mass channel retailers in the United States and abroad. The company employs a staff of approximately 10,000 worldwide, including approximately 1,010 at the company's San Francisco, California headquarters. Levi Strauss Europe is headquartered in Brussels, Belgium, while Levi's Asia Pacific division is based in Singapore. Levi's has operations in Brazil, Mexico, Chile and Peru. * * * As reported in the Troubled Company Reporter on Oct. 16, 2007 Fitch Ratings assigned a 'BB+' rating to Levi Strauss & Co.'s second amended and restated US$750 million 5-year Asset-Based Revolving Credit Facility. The rating outlook is stable. Levi Strauss carries Fitch's BB- Issuer Default Rating; BB+ Bank Credit Facility rating; and BB- Senior Unsecured Notes rating. SOLUTIA INC: Court Confirms Consensual Reorganization Plan ---------------------------------------------------------- The Hon. Prudence Carter Beatty of the U.S. Bankruptcy Court in the Southern District of New York confirmed Solutia Inc.'s consensual plan of reorganization at a hearing held Nov. 29, 2007, in Manhattan. Solutia anticipates that the Plan will become effective in the late December or January timeframe. The Plan was co-proposed by the Official Committee of Unsecured Creditors, the Official Committee of Equity Security Holders, and the Official Committee of Retirees in Solutia's bankruptcy case. On Oct. 31, 2007, Solutia received a fully underwritten commitment for US$2,000,000,000 of exit financing from Citigroup Global Markets Inc., Goldman Sachs Credit Partners L.P. and Deutsche Bank Securities Inc., who would act as joint lead arrangers and joint bookrunners for the exit facility. Solutia would use the loan to pay certain creditors upon its emergence from Chapter 11 and for the ongoing operations of the company after emergence. The exit financing package includes a US$400,000,000 senior secured asset-based revolving credit facility, a US$1,200,000,000 senior secured term loan facility, and a US$400,000,000 senior unsecured bridge facility. Solutia also has entered into an agreement with UBS Securities LLC, Merrill Lynch & Co. Inc., a General Motors Corp. pension fund, and hedge funds Highland Capital Management, Longacre Fund Management and Southpaw Asset Management to backstop the company's US$250,000,000 rights offering. Solutia would use the proceeds to fund its obligations for retiree benefits and retained legacy liabilities. Pursuant to the rights offering, eligible general unsecured creditors, noteholders and equity holders, who exercise their claim transfer rights, will have the opportunity to purchase 15,936,703 shares of new common stock of Reorganized Solutia, on a pro rata basis, at an exercise price of around US$13.33, which represents a 33.33% discount to the implied US$20 per share value of the New Common Stock. The investors would purchase all unsubscribed shares. The investors have the option to buy 2,812,359 shares of New Common Stock under a direct purchase option. Otherwise, the 2,812,359 shares would be added to the Rights Offering pool. "While this has been a long process, we have used our time in Chapter 11 to truly transform and revitalize Solutia -- shaping a strong portfolio of businesses, shedding US$1.3 billion in liabilities, and growing the company by US$1 billion in sales while more than doubling our earnings. We will emerge from Chapter 11 as a growing, vibrant company that is positioned for success," said Jeffry N. Quinn, chairman, president and CEO of Solutia. "We are pleased to have gained confirmation of a plan of reorganization that was supported by all of the major constituents in our case and that provides for significant creditor recoveries," Mr. Quinn added. About Solutia Inc. Based in St. Louis, Missouri, Solutia Inc. (OTCBB:SOLUQ) -- http://www.solutia.com/-- and its subsidiaries, engage in the manufacture and sale of chemical-based materials, which are used in consumer and industrial applications worldwide. Solutia has operations in Malaysia, China, Singapore, Belgium, and Colombia. The company and 15 debtor-affiliates filed for chapter 11 protection on Dec. 17, 2003 (Bankr. S.D.N.Y. Case No. 03-17949). When the Debtors filed for protection from their creditors, they listed US$2,854,000,000 in assets and US$3,223,000,000 in debts. Solutia is represented by Richard M. Cieri, Esq., Jonathan S. Henes, Esq., and Michael A. Cohen, Esq., at Kirkland & Ellis LLP, in New York, as lead bankruptcy counsel, and David A. Warfield, Esq., and Laura Toledo, Esq., at Blackwell Sanders LLP, in St. Louis Missouri, as special counsel. Trumbull Group LLC is the Debtor's claims and noticing agent. Daniel H. Golden, Esq., Ira S. Dizengoff, Esq., and Russel J. Reid, Esq., at Akin Gump Strauss Hauer & Feld LLP represent the Official Committee of Unsecured Creditors, and Derron S. Slonecker at Houlihan Lokey Howard & Zukin Capital provides the Creditors' Committee with financial advice. The Official Committee of Retirees of Solutia, Inc., et al., is represented by Daniel D. Doyle, Esq., Nicholas A. Franke, Esq., and David M. Brown, Esq., at Spencer Fane Britt & Browne, LLP, in St. Louis, Missouri, and Frank M. Young, Esq., Thomas E. Reynolds, Esq., R. Scott Williams, Esq., at Haskell Slaughter Young & Rediker, LLC, in Birmingham, Alabama. On Feb. 14, 2006, the Debtors filed their Reorganization Plan & Disclosure Statement. On May 15, 2007, they filed an Amended Reorganization Plan and on July 9, 2007, filed a 2nd Amended Reorganization Plan. The Bankruptcy Court approved the Debtors' amended Disclosure Statement on Oct. 19, 2007. =========== F R A N C E =========== DELPHI CORP: Delays Hearing on Chapter 11 Disclosure Statement -------------------------------------------------------------- As widely reported, Delphi Corp. and its debtor-affiliates asked the U.S. Bankruptcy Court for the Southern District of New York to reschedule to December 6, 2007, the hearing to consider approval of the disclosure statement explaining the terms of their Joint Plan of Reorganization. The hearing on the Disclosure Statement, which has been moved three times, was last scheduled for November 29, 2007. Delphi needs to obtain the Court's approval of the document before it could begin soliciting votes from creditors entitled to vote on the Plan. According to Dow Jones Newswire, Delphi spokesman Lindsey Williams said that the delay won't affect the company's plan to emerge from Chapter 11 in the first quarter of 2008. The auto- parts supplier sought a postponement to resolve objections to proposed amendments to the Plan. Delphi on October 30 and November 14 disclosed the potential amendments, which will (i) reduce the amount of financing it will obtain to exit Chapter 11, (ii) amend terms of its investment agreement with Appaloosa Management L.P.-led investors, and (iii) provide for less cash available for use as "currency" in the Plan. The Official Committee of Equity Security Holders, which, together with General Motors Corp. and certain of the Debtors' unions, supported the original terms of the Plan, has expressed opposition to the proposed amendments. Bonnie Steingart, Esq., at Fried, Frank, Harris, Shriver & Jacobson LLP, in New York, notes, among other things, that under the proposed amendments, equity holders will receive less, while Appaloosa, et al., will: -- double their immediate return on their minimum investment of US$975,000,000, from 27.5% to 54.8% under the proposed amendment to the investment agreement; and -- nearly triple their immediate return on their maximum investment of US$2,550,000,000, from 20.8% to 58.5%. The Equity Committee says that the Disclosure Statement is devoid of any legitimate rationale for the grant of that extraordinary windfall to the Plan Investors. The Official Committee of Unsecured Creditors, which members will receive shares of new common stock of reorganized Delphi, also said it will no longer support the Plan. It notes that while proposed recovery to unsecured creditors has been reduced (the original Plan contemplated on providing these claimants a combination of cash and stock), consideration to the Plan Investors has been increased. The Creditors Committee says that unsecured creditors will likely reject the Plan and the Debtors will not be able to have the Plan confirmed absent support from these creditors. General Motors, which will recover US$2,700,000,000 in cash, notes and stock, has expressed support to the potential amendments to the Plan. About Delphi Corp. Headquartered in Troy, Michigan, Delphi Corporation (OTC: DPHIQ) -- http://www.delphi.com/-- is the single supplier of vehicle electronics, transportation components, integrated systems and modules, and other electronic technology. The company's technology and products are present in more than 75 million vehicles on the road worldwide. Delphi has regional headquarters in Japan, Brazil and France. The company filed for chapter 11 protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. Robert J. Rosenberg, Esq., Mitchell A. Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP, represents the Official Committee of Unsecured Creditors. As of March 31, 2007, the Debtors' balance sheet showed US$11,446,000,000 in total assets and USUS$23,851,000,000 in total debts. The Debtors' exclusive plan-filing period expires on Dec. 31, 2007. On Sept. 6, 2007, the Debtors filed their Chapter 11 Plan of Reorganization and a Disclosure Statement explaining that Plan. (Delphi Bankruptcy News, Issue No. 98; Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/or 215/945-7000) ============= G E R M A N Y ============= AKTIV & ENTSPANNT: Claims Registration Period Ends Dec. 14 ---------------------------------------------------------- Creditors of aktiv & entspannt Gesundheitszentrum VITALIS GmbH have until Dec. 14 to register their claims with court-appointed insolvency manager Walter Eckelmann. Creditors and other interested parties are encouraged to attend the meeting at 8:30 a.m. on Jan. 16, 2008, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court Heilbronn Hall 4 Ground Floor Rollwagstr. 10a 74072 Heilbronn Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Walter Eckelmann Grosse Bahngasse 8-10 74072 Heilbronn Germany Tel: 07131/6216-0 Fax: 07131/6216-25 The District Court of Heilbronn opened bankruptcy proceedings against aktiv & entspannt Gesundheitszentrum VITALIS GmbH on Nov. 12. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: aktiv & entspannt Gesundheitszentrum VITALIS GmbH Stockheimer Strasse 6 74363 Gueglingen Germany BAUTEC INNENAUSBAU: Claims Registration Period Ends Dec. 19 ----------------------------------------------------------- Creditors of Bautec Innenausbau GmbH have until Dec. 19 to register their claims with court-appointed insolvency manager Stefan Meyer. Creditors and other interested parties are encouraged to attend the meeting at 9:00 a.m. on Jan. 28, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Osnabrueck Branch N 301 Kollegienwall 10 49074 Osnabrueck Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Stefan Meyer Ostertorstr. 7 32312 Luebbecke Germany Tel: 05741/337300 Fax: 05741/337338 The District Court of Osnabrueck opened bankruptcy proceedings against Bautec Innenausbau GmbH on Nov. 15. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Bautec Innenausbau GmbH Attn: Hermann Kreft, Manager Miquelstrasse 16 49082 Osnabrueck Germany BAUUNTERNEHMEN WILFRIED: Creditors' Meeting Slated for Dec. 14 -------------------------------------------------------------- The court-appointed insolvency manager for Bauunternehmen Wilfried Koesters GmbH, Hermann Berding, will present his first report on the Company's insolvency proceedings at a creditors' meeting at 11:05 a.m. on Dec. 14. The meeting of creditors and other interested parties will be held at: The District Court of Cloppenburg Hall 6 Burgstrasse 9 49661 Cloppenburg Germany The Court will also verify the claims set out in the insolvency manager's report at 11:00 a.m. on Feb. 8, 2008, at the same venue. Creditors have until Jan. 25, 2008, to register their claims with the court-appointed insolvency manager. The insolvency manager can be reached at: Hermann Berding Jammertal 1 49661 Cloppenburg Germany Tel: 04471/9126-0 Fax: 04471/82997 The District Court of Cloppenburg opened bankruptcy proceedings against Bauunternehmen Wilfried Koesters GmbH on Oct. 25. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Bauunternehmen Wilfried Koesters GmbH Attn: Wilfried Koesters, Manager Neuscharreler Strasse 40 26683 Saterland Germany CAMY MEDIZINISCHE: Claims Registration Period Ends Jan. 18, 2008 ---------------------------------------------------------------- Creditors of CAMY medizinische und orthopadische Gerate GmbH have until Jan. 18, 2008, to register their claims with court- appointed insolvency manager Rolf Rombach. Creditors and other interested parties are encouraged to attend the meeting at 8:50 a.m. on Feb. 20, 2008, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Erfurt Hall 15 Judicial Center Rudolfstr. 46 99092 Erfurt Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Rolf Rombach Magdeburger Allee 158 99086 Erfurt Germany Tel. 0361/730650 The District Court of Erfurt opened bankruptcy proceedings against CAMY medizinische und orthopadische Gerate GmbH on Nov. 9. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: CAMY medizinische und orthopadische Gerate GmbH Attn: Radu Minkiewicz, Manager Dorfstrasse 102 99510 Obertrebra Germany DICHTEC ABDICHTUNGS: Claims Registration Period Ends Dec. 21 ------------------------------------------------------------ Creditors of Dichtec Abdichtungs- und Sanierungs GmbH have until Dec. 21 to register their claims with court-appointed insolvency manager Werner Lehmeier. Creditors and other interested parties are encouraged to attend the meeting at 9:50 a.m. on Jan. 30, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Nuernberg Meeting Hall 152/I Flaschenhofstr. 35 Nuernberg Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Werner Lehmeier Marktplatz 54 92342 Freystadt Germany Tel: 09179/9425-0 Fax: 09179/9425-5 The District Court of Nuernberg opened bankruptcy proceedings against Dichtec Abdichtungs- und Sanierungs GmbH on Nov. 16. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Dichtec Abdichtungs- und Sanierungs GmbH Staufer Hauptstr. 8 92318 Neumarkt Germany F. U. G. SCHMIDT: Claims Registration Period Ends Dec. 27 --------------------------------------------------------- Creditors of F. u. G. Schmidt GmbH have until Dec. 27 to register their claims with court-appointed insolvency manager Hans-Peter Valentiner. Creditors and other interested parties are encouraged to attend the meeting at 11:00 a.m. on Jan. 22, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Celle Nebenstelle Hall 014 Ground Floor Branch Mill Road 4 29221 Celle Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Hans-Peter Valentiner Bahnhofstr. 30 A 29221 Celle Germany Tel: 05141/28011 Fax: 05141/24722 E-Mail: Rae_valentiner_blaha_buchholz@gmx.de The District Court of Celle Nebenstelle opened bankruptcy proceedings against F. u. G. Schmidt GmbH on Nov. 15. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: F. u. G. Schmidt GmbH Attn: Gernot Schmidt, Manager Braunschweiger Heerstr. 13 29221 Celle Germany GBG WORMS: Claims Registration Period Ends Jan. 17, 2008 -------------------------------------------------------- Creditors of GBG Worms Gesellschaft fuer Baumanagement und Generalplanung mbH have until Jan. 17, 2008, to register their claims with court-appointed insolvency manager Wolfgang Mathass. Creditors and other interested parties are encouraged to attend the meeting at 9:30 a.m. on Feb. 8, 2008, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Worms Hall 318 Hauptgebaude Hardtgasse 6 67547 Worms Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Wolfgang Mathass Kirschgartenweg 58 67549 Worms Germany Tel: 06241/2061-0 Fax: 06241/2061-20 The District Court of Worms opened bankruptcy proceedings against GBG Worms Gesellschaft fuer Baumanagement und Generalplanung mbH on Nov. 14. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: GBG Worms Gesellschaft fuer Baumanagement und Generalplanung mbH Am Guten Brunnen 10 67547 Worms Germany GMR GEBAUDE: Creditors' Meeting Slated for December 20 ------------------------------------------------------ The court-appointed insolvency manager for GMR Gebaude- und Maschinenreinigung GmbH, Dr. Joachim Heitsch will present his first report on the Company's insolvency proceedings at a creditors' meeting at 9:40 a.m. on Dec. 20. The meeting of creditors and other interested parties will be held at: The District Court of Charlottenburg Hall 218 Second Floor Amtsgerichtsplatz 1 14057 Berlin Germany The Court will also verify the claims set out in the insolvency manager's report at 9:15 a.m. on March 6, 2008, at the same venue. Creditors have until Jan. 20, 2008, to register their claims with the court-appointed insolvency manager. The insolvency manager can be reached at: Dr. Joachim Heitsch Berliner Str. 117 10713 Berlin Germany The District Court of Charlottenburg opened bankruptcy proceedings against GMR Gebaude- und Maschinenreinigung GmbH on Oct. 31. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: GMR Gebaude- und Maschinenreinigung GmbH Roedernallee 71 13437 Berlin Germany GOTEX TEXTIL: Claims Registration Period Ends Jan. 14, 2008 ----------------------------------------------------------- Creditors of Gotex Textil + Bekleidungs GmbH & Co. Kommanditgesellschaft have until Jan. 14, 2008, to register their claims with court-appointed insolvency manager Dr. Axel Kulas. Creditors and other interested parties are encouraged to attend the meeting at 10:00 a.m. on Feb. 13, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Tuebingen Hall 208 Second Floor Branch Office Schulberg 14 72074 Tuebingen Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Dr. Axel Kulas Gansheidestr. 43 70184 Stuttgart Germany Tel: 0711/70707580 Fax: 0717070758-8 The District Court of Tuebingen opened bankruptcy proceedings against Gotex Textil + Bekleidungs GmbH & Co. Kommanditgesellschaft on Nov. 13. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Gotex Textil + Bekleidungs GmbH & Co. Kommanditgesellschaft Bahnhofstr. 43 72810 Gomaringen Germany GROENLANDER DAMM: Claims Registration Period Ends Dec. 14 --------------------------------------------------------- Creditors of Groenlander Damm 20-34 Grundstuecksgesellschaft mbH have until Dec. 14 to register their claims with court-appointed insolvency manager Heiko Fialski. Creditors and other interested parties are encouraged to attend the meeting at 9:55 a.m. on Feb. 12, 2008, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Hamburg Hall B 405 Fourth Floor Annex Civil Justice Bldg. Sievkingplatz 1 20355 Hamburg Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Heiko Fialski Raboisen 38 20095 Hamburg Germany The District Court of Hamburg opened bankruptcy proceedings against Groenlander Damm 20-34 Grundstuecksgesellschaft mbH on Nov. 13. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Groenlander Damm 20-34 Grundstuecksgesellschaft mbH Hallerstrasse 89 20149 Hamburg Germany GSE PROTECT: Creditors' Meeting Slated for Dec. 20 -------------------------------------------------- The court-appointed insolvency manager for GSE Protect Gesellschaft fuer Sicherheit und Eigentumsschutz mbH, Christian Graf Brockdorff, will present his first report on the Company's insolvency proceedings at a creditors' meeting at 9:55 a.m. on Dec. 20. The meeting of creditors and other interested parties will be held at: The District Court of Charlottenburg Hall 218 Second Floor Amtsgerichtsplatz 1 14057 Berlin Germany The Court will also verify the claims set out in the insolvency manager's report at 9:20 a.m. on March 6, 2008, at the same venue. Creditors have until Jan. 15, 2008, to register their claims with the court-appointed insolvency manager. The insolvency manager can be reached at: Christian Graf Brockdorff Breite Strasse 9A 14467 Potsdam Germany The District Court of Charlottenburg opened bankruptcy proceedings against GSE Protect Gesellschaft fuer Sicherheit und Eigentumsschutz mbH on Nov. 8. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: GSE Protect Gesellschaft fuer Sicherheit und Eigentumsschutz mbH Luckenwalder Str. 6a 10963 Berlin Germany L.E.V.I. BAUAUSFUEHRUNGS: Creditors' Meeting Slated for Dec. 17 --------------------------------------------------------------- The court-appointed insolvency manager for L.E.V.I. Bauausfuehrungs- und Projektmanagement GmbH, Sebastian Laboga will present his first report on the Company's insolvency proceedings at a creditors' meeting at 12:25 a.m. on Dec. 17. The meeting of creditors and other interested parties will be held at: The District Court of Charlottenburg Hall 218 Second Floor Amtsgerichtsplatz 1 14057 Berlin Germany The Court will also verify the claims set out in the insolvency manager's report at 11:30 a.m. on March 31, 2008, at the same venue. Creditors have until Jan. 30, 2008, to register their claims with the court-appointed insolvency manager. The insolvency manager can be reached at: Sebastian Laboga Einemstr. 24 10785 Berlin Germany The District Court of Charlottenburg opened bankruptcy proceedings against L.E.V.I. Bauausfuehrungs- und Projektmanagement GmbH on Nov. 7. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: L.E.V.I. Bauausfuehrungs- und Projektmanagement GmbH Boelschestr. 50 12587 Berlin Germany M.TEL GMBH: Claims Registration Period Ends Dec. 27 --------------------------------------------------- Creditors of m.tel GmbH have until Dec. 27 to register their claims with court-appointed insolvency manager Gerhard Brinkmann. Creditors and other interested parties are encouraged to attend the meeting at 9:30 a.m. on Jan. 30, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Rostock Hall 330 Zochstrasse 18057 Rostock Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Gerhard Brinkmann Freiligrathstrasse 1 18055 Rostock Germany Tel: 0381/49170 Fax: 0381/491749 The District Court of Rostock opened bankruptcy proceedings against m.tel GmbH on Nov. 14. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: m.tel GmbH Attn: Alexandra Waldmann-Memmler, Manager Rosa-Luxemburg-Strasse 14 18055 Rostock Germany MULTI-DATA-ELEKTRONIK GMBH: Claims Period Ends Dec. 19 ------------------------------------------------------ Creditors of Multi-Data-Elektronik GmbH have until Dec. 19 to register their claims with court-appointed insolvency manager Dr. Thorsten Schleich. Creditors and other interested parties are encouraged to attend the meeting at 10:10 a.m. on Jan. 17, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Villingen-Schwenningen Hall 2 Niedere Str. 94 78050 Villingen-Schwenningen Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Dr. Thorsten Schleich Max-Planck-Str. 11 78052 Villingen-Schwenningen Germany Tel. 07721/206260 The District Court of Villingen-Schwenningen opened bankruptcy proceedings against Multi-Data-Elektronik GmbH on Nov. 16. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Multi-Data-Elektronik GmbH Attn: Martin Dalebout, Manager Tuningerstr. 36 78073 Bad Duerrheim Germany OEZCAN YAPRAK: Creditors' Meeting Slated for December 5 ------------------------------------------------------- The court-appointed insolvency manager for Oezcan Yaprak GmbH, Dirk Wittkowski, will present his first report on the Company's insolvency proceedings at a creditors' meeting at 12:10 a.m. on Dec. 5. The meeting of creditors and other interested parties will be held at: The District Court of Charlottenburg Hall 218 Second Floor Amtsgerichtsplatz 1 14057 Berlin Germany The Court will also verify the claims set out in the insolvency manager's report at 11:30 a.m. on March 19, 2008, at the same venue. Creditors have until Jan. 21, 2008, to register their claims with the court-appointed insolvency manager. The insolvency manager can be reached at: Dr. Dirk Wittkowski Kirchblick 11 14129 Berlin Germany The District Court of Charlottenburg opened bankruptcy proceedings against Oezcan Yaprak GmbH on Oct. 26. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Oezcan Yaprak GmbH Sachsenhausener Strasse 28 16515 Oranienburg Germany P.B.W. GESELLSCHAFT: Claims Registration Period Ends Dec. 15 ------------------------------------------------------------ Creditors of P.B.W. Gesellschaft fuer bezugsfertiges Wohneigentum mbH have until Dec. 15 to register their claims with court-appointed insolvency manager Ruediger Werres. Creditors and other interested parties are encouraged to attend the meeting at 10:10 a.m. on Jan. 17, 2008, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Cologne Meeting Hall 14 Ground Floor Luxemburger Strasse 101 50939 Cologne Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Dr. Ruediger Werres Friesenplatz 17 a 50672 Cologne Germany The District Court of Cologne opened bankruptcy proceedings against P.B.W. Gesellschaft fuer bezugsfertiges Wohneigentum mbH on Oct. 31. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: P.B.W. Gesellschaft fuer bezugsfertiges Wohneigentum mbH Bonner Str. 211 50968 Cologne Germany Attn: Sadet Goeke, Manager Elbestr. 33 44791 Bochum Germany SCHEDERNDORFER HOLZBAU: Claims Registration Period Ends Dec. 12 --------------------------------------------------------------- Creditors of Schederndorfer Holzbau Corp. GmbH have until Dec. 12 to register their claims with court-appointed insolvency manager Thomas Hofmann. Creditors and other interested parties are encouraged to attend the meeting at 10:00 a.m. on Jan. 18, 2008, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Bamberg Meeting Hall 031 Synagogenplatz 1 96047 Bamberg Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Dr. Thomas Hofmann Wilhelm-Meussdoerffer-Str. 4 95326 Kulmbach Germany Tel: 09221/9079-22 Fax: 09221/9079-30 The District Court of Bamberg opened bankruptcy proceedings against Schederndorfer Holzbau Corp. GmbH on Nov. 13. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Schederndorfer Holzbau Corp. GmbH Schederndorf 3 96187 Stadelhofen Germany STRATEN HANDEL: Claims Registration Period Ends Jan. 18, 2008 ------------------------------------------------------------- Creditors of Straten Handel und Transport GmbH have until Jan. 18, 2008, to register their claims with court-appointed insolvency manager Barbara Fahlke. Creditors and other interested parties are encouraged to attend the meeting at 9:30 a.m. on Jan. 30, 2008, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Nordhorn Hall 42 Seilerbahn 15 48529 Nordhorn Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Barbara Fahlke Neubrueckenstrasse 35-37 48143 Muenster Germany Tel: 0251/481669-0 Fax: 0251/48166911 E-mail: info@kanzlei-fahlke.eu Webmail: http://www.kanzlei-fahlke.eu/ The District Court of Nordhorn opened bankruptcy proceedings against Straten Handel und Transport GmbH on Nov. 12. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Straten Handel und Transport GmbH Industriestrasse 14-16 49828 Neuenhaus Germany ZED ZENTRALE: Claims Registration Period Ends Dec. 11 ----------------------------------------------------- Creditors of ZED Zentrale Dienstleistungs GmbH Verwaltungsservice & Management have until Dec. 11 to register their claims with court-appointed insolvency manager Harald Heinze. Creditors and other interested parties are encouraged to attend the meeting at 10:40 a.m. on Jan. 15, 2008, at which time the insolvency manager will present his first report on the insolvency proceedings. The meeting of creditors will be held at: The District Court of Gera Hall 317 Rudolf-Diener-Str. 1 Gera Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Harald Heinze Laasener Strasse 28 07545 Gera Germany The District Court of Gera opened bankruptcy proceedings against ZED Zentrale Dienstleistungs GmbH Verwaltungsservice & Management on Nov. 13. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: ZED Zentrale Dienstleistungs GmbH Verwaltungsservice & Management Attn: Wulf Schroeter, Manager Zwoetzener Str. 4 07551 Gera Germany ============= I R E L A N D ============= COMMSCOPE INC: Unit Works with iconnect to Hook Up Langtree ----------------------------------------------------------- CommScope Enterprise Solutions, a division of CommScope, Inc., has partnered with iconnect Technologies, a connected real estate structured cabling solutions, to help make 'Langtree at the Lake' in Mooresville, North Carolina, one of the first truly connected communities of its kind. iconnect partnered with CommScope to create a common network infrastructure that will handle virtually every aspect of the community's technical operations, both commercially and residentially. Nestled on the shores of Lake Norman, the 125- acre mixed-use development will boast luxury condominiums, health clubs and a restaurant; while the communications network will enable residents to shop for groceries online, rent boats via the Internet, listen to satellite music and access IP telephones and television. "Langtree at the Lake will be a premier rural community with enhanced technology features that most development residents can only dream about," said The Langtree Group. chief operating officer, Brad Howard. "We brought in CommScope and iconnect to help make those dreams become reality. "Our main goal when planning the development was to help create a live-work-play experience for the residents that allowed them to broaden their idea of what a community should be. The joint contribution from iconnect and CommScope will create a single network infrastructure that I believe will complement the fine- living experience -- exceeding all of our expectations." added Mr. Howard. CommScope was selected for its familiarity with the area, knowledge of the industry and available resources. Although the companies are early in the project's design phase, CommScope intends to utilize its Uniprise(R) mixed-use offerings to best address the unique and diverse objectives of each business, neighborhood residence or leisure club. In addition, the company's integrated copper and fiber solutions will be employed in order to meet all network requirements, while balancing cost and performance. "If you look at the entire CommScope portfolio, you'll see that the services and products we provide create a reliable network infrastructure for a mixed-use community," said CommScope Enterprise senior vice president for global marketing, Mark Peterson. "The major benefit that CommScope brings to the table with Uniprise is a wide range of physical layer solutions with a single point of contact. From cabling conduit to any one of our cabling solutions to connectors, we provide a complete solution so that the developers won't need multiple vendors to create a successful network." With the completion of Langtree at the Lake set for 2014, developers are accounting for the reliable network to pave the way for lavish amenities not considered in the typical rural community. "We are excited to be involved in the revolution of connected real estate technology with Langtree at the Lake," said iconnect President Shohn Petty. "By using our vast experience to implement common physical layer infrastructure solutions, we are helping the developer save money through elimination of disparate physical layer network infrastructures," Mr. Petty added. "At Langtree at the Lake, residents and commercial tenants will experience the power of integrated technologies as well as the efficiencies and economies of scale that result from an engineered Integrated Business Infrastructure Solution master technology plan." About iconnect Technologies, LLC iconnect is a leader in the design and implementation of Intelligent Building Infrastructure Solutions. Through its diligent pursuit to forge integrated technology partnerships within a growing technology eco-system, iconnect has positioned itself as a leading physical layer design-build firm for connected real estate projects in the southeastern United States. iconnect is poised to take that professional design experience to a national, and even global, customer base of real estate development firms. About CommScope Enterprise Solutions CommScope Enterprise Solutions, a division of CommScope, Inc., offers a complete portfolio of network infrastructure solutions that help customers, regardless of size, industry or IT budget to make the most of their installed technology. Both SYSTIMAX(R) and Uniprise(R) product lines offer voice, data, video and converged solutions ranging from mission- critical, high-bandwidth and emerging applications to applications that demand unrelenting reliability and quality for everyday needs. Backed by CommScope Labs and a 20-year extended warranty, the Enterprise solutions are delivered through CommScope's global network of industry-leading BusinessPartners and distributors that ensure consistent, high-level service and support worldwide. About CommScope Based in Hickory, North Carolina, CommScope, Inc. (NYSE:CTV) -- http://www.commscope.com/-- designs and manufactures "last mile" cable and connectivity solutions for communication networks. Through its SYSTIMAX(R) Solutions(TM) and Uniprise(R) Solutions brands CommScope is the global leader in structured cabling systems for business enterprise applications. It is also the world's largest manufacturer of coaxial cable for Hybrid Fiber Coaxial applications. Backed by strong research and development, CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with high-performance wired or wireless cabling solutions. CommScope has facilities in Brazil, Australia, China and Ireland. * * * As reported in the Troubled Company Reporter-Latin America on Oct. 19, 2007, Standard & Poor's Ratings Services has affirmed its ratings on CommScope Inc. and Andrew Corp. and removed them from CreditWatch, where they were placed on June 27, 2007, with negative implications. S&P also affirmed the 'BB-' corporate credit and 'B' subordinated debt ratings for both companies. The ratings on Andrew will be withdrawn following its acquisition and debt refinancing. S&P said outlook is stable. GAP INC: Board Declares US$0.08 Per Share Quarterly Dividend ------------------------------------------------------------ The board of directors of Gap Inc. voted a quarterly dividend of US$0.08 per share payable on Jan. 30, 2008, to shareholders of record at the close of business on Jan. 9, 2008. Gap Inc. (NYSE: GPS) -- http://www.gapinc.com/-- is an international specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic, Old Navy, Forth & Towne and Piperlime brand names. Gap Inc. operates more than 3,100 stores in the United States, the United Kingdom, Canada, France, Ireland and Japan. In addition, Gap Inc. is expanding its international presence with franchise agreements for Gap and Banana Republic in Southeast Asia and the Middle East. * * * The company continues to carry Fitch's BB+ Issuer Default Rating. The company also carries Standard & Poor's Ratings Services' BB+ corporate credit rating. ========= I T A L Y ========= ALITALIA SPA: Bidders Have Until Dec. 6 to Submit Offers -------------------------------------------------------- The Board of Directors of Alitalia S.p.A. informed that during a meeting on Nov. 28, 2007, based on information provided by advisor Citi, the Board took note of the outcome of interviews and contacts with those taking part in the Company's project to rapidly select industrial and financial subjects committed to restructuring, developing and re-launching Alitalia and, accordingly, to acquire a majority shareholding in the Company. In particular, advisor Citi stated that contacts and discussions with the subjects involved are still being pursued; consequently it is foreseen that any possible proposals should be made by Dec. 6, 2007. The Company will immediately announce the number of proposals received and the names of the subjects who have made them. As reported in the TCR-Europe on Nov. 29, 2007, Italian Prime Minister Romano Prodi believes a buyer will be chosen for the government's 49.9% stake in Alitalia by Dec. 25, 2007. Transport Minister Alessandro Bianchi said on Nov. 26, 2007, that Italy has no plans to postpone the stake sale to 2008. Three parties remain in contention for Italy's controlling stake in Alitalia: -- Air France-KLM, -- Deutsche Lufthansa AG, and -- AP Holding S.p.A. OAO Aeroflot will not participate in the process while Cordata Baldassarre's bid was deemed "no longer compatible" to the sale. TPG Capital, meanwhile, was unable to finalize an Italian-led consortium, but will continue to follow the developments of the sale. Alitalia has extended to Dec. 5, 2007, the deadline for submission of non-binding offers and may commence exclusive negotiations with the chosen bidder within the first half of December 2007. About Alitalia Headquartered in Rome, Italy, Alitalia S.p.A. -- http://www.alitalia.it/-- provides air travel services for passengers and air transport of cargo on national, international and inter-continental routes. The Italian government owns 49.9% of Alitalia. The company has operations in Argentina. Despite a EUR1.4 billion state-backed restructuring in 1997, Alitalia posted net losses of EUR256 million and EUR907 million in 2000 and 2001 respectively. Alitalia posted EUR93 million in net profits in 2002 after a EUR1.4 billion capital injection. The carrier booked annual net losses of EUR520 million in 2003, EUR813 million in 2004, EUR168 million in 2005, and EUR625.6 million in 2006. Italian Transport Minister Alessandro Bianchi has warned that Alitalia may file for bankruptcy if the current attempt to sell the government's 49.9% stake fails. DANA CORP: Indiana and Pine Tree Object to Plan Confirmation ------------------------------------------------------------ As of November 27, 2007, two parties have filed objections to confirmation of Dana Corp. and its debtor-affiliates' Third Amended Joint Plan of Reorganization. Objections are due November 28. The Debtors will submit the Plan for confirmation on Dec. 10, 2007. (a) Indiana Environment Department The Indiana Department of Environmental Management objects to all portions of the Plan as might be construed to limit or prohibit its exercise of police or regulatory powers, if and as necessary, to compel Dana Corp. to address ongoing environmental violations existing at sites located in the State as a result of the company's prior operations at those sites. The Department has filed a US$14,000,000 claim against the Debtors based on the Sites and, to the extent quantifiable, the estimated cleanup costs at each site. Elizabeth A. Whelan, Esq., the state's Deputy Attorney General, relates that the Debtors and the Department have been exchanging cleanup information in a good faith attempt to resolve potentially disputed claims. The goal of the settlement discussions is to reach an agreed- upon dollar value of the Department's claims, thus allowing payment pursuant to the terms of the Plan, Ms. Whelan says. (b) Pine Tree ISD, et al. Pine Tree Independent School District, Longview Independent School District, Hallsville Independent School District, and the county of Harrison, each have claims against the Debtors, which are included in the class of claims described as Class 2A Claims under the Third Amended Joint Plan of Reorganization. Michael Reed, Esq., at McCreary, Veselka, Bragg & Allen, P.C., in Round Rock, Texas, relates that the secured claims arise from property taxes for the tax years 2005-2007 due on the Debtors' real and business personal property located in Texas. According to the laws of the state of Texas, the tax liens securing property taxes are superior claims over any other claim or lien against the property. Mr. Reed points out that the Plan provisions dealing with the secured claims fail to provide fair and equitable treatment to the Creditors' secured claims as required by Section 1129(b)(1) and (2)(A) of the Bankruptcy Code, in that their secured claims are entitled to express retention of all property tax liens, including those for postpetition taxes, until all taxes, penalties and interest protected by those liens have been paid. Mr. Reed also points out that the Plan fails to provide for interim interest as required by Section 506(b), at the statutory rate provided in Section 511, being 1% per month as required by the Texas Property Tax Code. The interest must be paid in cash in full as a component part of the Creditors' Tax Claims, calculated through the Effective Date of the plan and to be paid on the Effective Date, he contends. To the extent the Tax Claims not be paid for any reason, on the Effective Date, Mr. Reed asserts that post-Effective Date interest at the same statutory rate of 1% per month must be provided for the Claims. To the extent that prepetition penalty has attached to any of the Tax Claims, that prepetition penalty is entitled to be considered a part of the Claims and must be paid in cash, in full on the Effective Date, he further asserts. Furthermore, to the extent any claims for administrative expense are not timely paid as provided in the Plan, the Tax Claims will be entitled to interest and penalty to be paid in full in cash on the ultimate resolution and payment of these claims as provided in Section 503. Pine Tree, et al., also object to the bar date for objections to claims being 150 days after the Effective Date. About Dana Headquartered in Toledo, Ohio, Dana Corporation -- http://www.dana.com/-- designs and manufactures products for every major vehicle producer in the world, and supplies drivetrain, chassis, structural, and engine technologies to those companies. Dana employs 46,000 people in 28 countries. Dana is focused on being an essential partner to automotive, commercial, and off-highway vehicle customers, which collectively produce more than 60 million vehicles annually. Dana has facilities in China in the Asia-Pacific, Argentina in the Latin-American regions and Italy in Europe. The company and its affiliates filed for chapter 11 protection on March 3, 2006 (Bankr. S.D.N.Y. Case No. 06-10354). As of Aug. 31, 2007, the Debtors listed USUS$6,878,000,000 in total assets and US$7,551,000,000 in total debts resulting in a total shareholders' deficit of US$673,000,000. Corinne Ball, Esq., and Richard H. Engman, Esq., at Jones Day, in Manhattan and Heather Lennox, Esq., Jeffrey B. Ellman, Esq., Carl E. Black, Esq., and Ryan T. Routh, Esq., at Jones Day in Cleveland, Ohio, represent the Debtors. Henry S. Miller at Miller Buckfire & Co., LLC, serves as the Debtors' financial advisor and investment banker. Ted Stenger from AlixPartners serves as Dana's Chief Restructuring Officer. Thomas Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel LLP, represents the Official Committee of Unsecured Creditors. Fried, Frank, Harris, Shriver & Jacobson, LLP serves as counsel to the Official Committee of Equity Security Holders. Stahl Cowen Crowley, LLC serves as counsel to the Official Committee of Non-Union Retirees. The Debtors filed their Joint Plan of Reorganization on Aug. 31, 2007. On Oct. 23, 2007, the Court approved the adequacy of the Disclosure Statement explaining their Plan. The Court has set Dec. 10, 2007, to consider confirmation of the Plan. (Dana Corporation Bankruptcy News, Issue No. 63; Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/or 215/945-7000). DANA CORP: Creditors Supports Appaloosa Settlement Pact ------------------------------------------------------- The Official Committee of Unsecured Creditors supports Dana Corp. and its debtor-affiliates' settlement with Appaloosa Management, L.P. As reported in the Troubled Company Reporter on Nov. 28, 2007, the Debtors asked the Court to approve a settlement that resolves their disputes with Appaloosa, which had lost a bid to provide equity exit financing to the company. Under the settlement, Dana agreed to reimburse up to US$2,000,000 for out- of-pocket expenses Appaloosa Management incurred in the Chapter 11 cases, in exchange for its support to Dana's Joint Plan of Reorganization. The Creditors Committee was party to the Settlement and was involved in the negotiation of its terms. It believes that the provisions of the Settlement are fair, reasonable, and appropriate under the circumstances. Among other things, the Settlement will resolve potential obstacles to confirmation of the Debtors' plan of reorganization and permit Appaloosa to acquire unsecured claims prior to the Trade Claims Record Date, the Creditors Committee says. Moreover, while the Creditors Committee has agreed to support US$2,000,000 in reasonable fees and expenses incurred by Appaloosa in the Debtors' bankruptcy cases, the panel says Appaloosa must still file an application that will be subject to Court review and approval pursuant to Section 503(b) of the Bankruptcy Code. About Dana Headquartered in Toledo, Ohio, Dana Corporation -- http://www.dana.com/-- designs and manufactures products for every major vehicle producer in the world, and supplies drivetrain, chassis, structural, and engine technologies to those companies. Dana employs 46,000 people in 28 countries. Dana is focused on being an essential partner to automotive, commercial, and off-highway vehicle customers, which collectively produce more than 60 million vehicles annually. Dana has facilities in China in the Asia-Pacific, Argentina in the Latin-American regions and Italy in Europe. The company and its affiliates filed for chapter 11 protection on March 3, 2006 (Bankr. S.D.N.Y. Case No. 06-10354). As of Aug. 31, 2007, the Debtors listed USUS$6,878,000,000 in total assets and US$7,551,000,000 in total debts resulting in a total shareholders' deficit of US$673,000,000. Corinne Ball, Esq., and Richard H. Engman, Esq., at Jones Day, in Manhattan and Heather Lennox, Esq., Jeffrey B. Ellman, Esq., Carl E. Black, Esq., and Ryan T. Routh, Esq., at Jones Day in Cleveland, Ohio, represent the Debtors. Henry S. Miller at Miller Buckfire & Co., LLC, serves as the Debtors' financial advisor and investment banker. Ted Stenger from AlixPartners serves as Dana's Chief Restructuring Officer. Thomas Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel LLP, represents the Official Committee of Unsecured Creditors. Fried, Frank, Harris, Shriver & Jacobson, LLP serves as counsel to the Official Committee of Equity Security Holders. Stahl Cowen Crowley, LLC serves as counsel to the Official Committee of Non-Union Retirees. The Debtors filed their Joint Plan of Reorganization on Aug. 31, 2007. On Oct. 23, 2007, the Court approved the adequacy of the Disclosure Statement explaining their Plan. The Court has set Dec. 10, 2007, to consider confirmation of the Plan. (Dana Corporation Bankruptcy News, Issue No. 62; Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/or 215/945-7000). DANA CORP: Noteholders Balk at Appaloosa Settlement Agreement ------------------------------------------------------------- The Ad Hoc Committee of Dana Noteholders tells the U.S. Bankruptcy Court for the Southern District of New York that, initially, Dana Corp. and its debtor-affiliates have brought the Appaloosa settlement to the panel but it was summarily rejected because the panel saw that the settlement was nothing more than a gift in exchange for the removal of a hollow threat, which in this case, is Appaloosa's appeal. The Ad Hoc Committee, whose membership currently consists of holders of approximately US$1,400,000,000 of Dana Corp.'s unsecured bonds, believes that it is inappropriate at this point for the Creditors Committee to support an application by Appaloosa under Section 503(b) for reimbursement of its expenses, particularly when the contents of those fee applications are unknown. The Ad Hoc Committee contends that those fee applications cannot be supported on the bases of Appaloosa having made a "substantial contribution" to the Debtors' bankruptcy cases. Furthermore, the Ad Hoc Committee points out that the Debtors and the Creditors Committee, who is not a party to the Plan Support Agreement, cannot unilaterally waive Appaloosa's breach of the Plan Support Agreement to permit it to participate in the Series B preferred offering because the terms of the Plan Support Agreement require the consent of all its parties. As reported in the Troubled Company Reporter on Nov. 28, 2007, the Debtors asked the Court to approve a settlement that resolves their disputes with Appaloosa, which had lost a bid to provide equity exit financing to the company. Under the settlement, Dana agreed to reimburse up to US$2,000,000 for out- of-pocket expenses Appaloosa Management incurred in the Chapter 11 cases, in exchange for its support to Dana's Joint Plan of Reorganization. About Dana Headquartered in Toledo, Ohio, Dana Corporation -- http://www.dana.com/-- designs and manufactures products for every major vehicle producer in the world, and supplies drivetrain, chassis, structural, and engine technologies to those companies. Dana employs 46,000 people in 28 countries. Dana is focused on being an essential partner to automotive, commercial, and off-highway vehicle customers, which collectively produce more than 60 million vehicles annually. Dana has facilities in China in the Asia-Pacific, Argentina in the Latin-American regions and Italy in Europe. The company and its affiliates filed for chapter 11 protection on March 3, 2006 (Bankr. S.D.N.Y. Case No. 06-10354). As of Aug. 31, 2007, the Debtors listed USUS$6,878,000,000 in total assets and US$7,551,000,000 in total debts resulting in a total shareholders' deficit of US$673,000,000. Corinne Ball, Esq., and Richard H. Engman, Esq., at Jones Day, in Manhattan and Heather Lennox, Esq., Jeffrey B. Ellman, Esq., Carl E. Black, Esq., and Ryan T. Routh, Esq., at Jones Day in Cleveland, Ohio, represent the Debtors. Henry S. Miller at Miller Buckfire & Co., LLC, serves as the Debtors' financial advisor and investment banker. Ted Stenger from AlixPartners serves as Dana's Chief Restructuring Officer. Thomas Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel LLP, represents the Official Committee of Unsecured Creditors. Fried, Frank, Harris, Shriver & Jacobson, LLP serves as counsel to the Official Committee of Equity Security Holders. Stahl Cowen Crowley, LLC serves as counsel to the Official Committee of Non-Union Retirees. The Debtors filed their Joint Plan of Reorganization on Aug. 31, 2007. On Oct. 23, 2007, the Court approved the adequacy of the Disclosure Statement explaining their Plan. The Court has set Dec. 10, 2007, to consider confirmation of the Plan. (Dana Corporation Bankruptcy News, Issue No. 62; Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/or 215/945-7000). PARMALAT SPA: NY Court Gives No Decision on Class Action Appeal --------------------------------------------------------------- Parmalat S.p.A. communicates that a hearing on Nov. 29, 2007, in the United States Second Circuit Court of Appeal of New York, with regards to its appeal against the decision of the United States District Court, which had denied Parmalat's request for an injunction pursuant to section 304 of the U.S. Bankruptcy Code. Parmalat's request had sought to preclude a purported class of investors from proceeding with a class action against Parmalat in the United States. The Court of Appeal has not decided today and has taken the case under advisement. Headquartered in Milan, Italy, Parmalat S.p.A. -- http://www.parmalat.net/-- sells nameplate milk products that can be stored at room temperature for months. It also has about 40 brand product lines, which include yogurt, cheese, butter, cakes and cookies, breads, pizza, snack foods and vegetable sauces, soups and juices. The company's U.S. operations filed for chapter 11 protection on Feb. 24, 2004 (Bankr. S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L. Goldstein, Esq., at Weil Gotshal & Manges LLP, represent the Debtors. When the U.S. Debtors filed for bankruptcy protection, they reported more than $200 million in assets and debts. The U.S. Debtors emerged from bankruptcy on April 13, 2005. Parmalat S.p.A. and its Italian affiliates filed separate petitions for Extraordinary Administration before the Italian Ministry of Productive Activities and the Civil and Criminal District Court of the City of Parma, Italy on Dec. 24, 2003. Dr. Enrico Bondi was appointed Extraordinary Commissioner in each of the cases. The Parma Court has declared the units insolvent. On June 22, 2004, Dr. Bondi filed a Sec. 304 Petition, Case No. 04-14268, in the United States Bankruptcy Court for the Southern District of New York. Parmalat has three financing arms: Dairy Holdings Ltd., Parmalat Capital Finance Ltd., and Food Holdings Ltd. Dairy Holdings and Food Holdings are Cayman Island special-purpose vehicles established by Parmalat S.p.A. The Finance Companies are under separate winding up petitions before the Grand Court of the Cayman Islands. Gordon I. MacRae and James Cleaver of Kroll (Cayman) Ltd. serve as Joint Provisional Liquidators in the cases. On Jan. 20, 2004, the Liquidators filed Sec. 304 petition, Case No. 04-10362, in the United States Bankruptcy Court for the Southern District of New York. In May 2006, the Cayman Island Court appointed Messrs. MacRae and Cleaver as Joint Official Liquidators. Gregory M. Petrick, Esq., at Cadwalader, Wickersham & Taft LLP, and Richard I. Janvey, Esq., at Janvey, Gordon, Herlands Randolph, represent the Finance Companies in the Sec. 304 case. The Honorable Robert D. Drain presides over the Parmalat Debtors' U.S. cases. On June 21, 2007, the U.S. Court Granted Parmalat Permanent Injunction. =================== K A Z A K H S T A N =================== ASIA INFORMATION: Proof of Claim Deadline Slated for Dec. 28 ------------------------------------------------------------ LLP Asia Information TEchnologies has declared insolvency. Creditors have until Dec. 28 to submit written proofs of claims to: LLP Asia Information TEchnologies Timiryazev Str. 83a-39 Almaty Kazakhstan BOLASHAKTY MURAGER: Creditors Must File Claims Jan. 1 ----------------------------------------------------- The Specialized Inter-Regional Economic Court of Akmola has declared LLP Bolashakty Murager insolvent. Creditors have until Jan. 1 to submit written proofs of claims to: The Specialized Inter-Regional Economic Court of Akmola Room 228 Auelbekov Str. 139a Kokshetau Akmola Kazakhstan Tel: 8 (31622) 25-79-32 CEFIRA LLP: Claims Filing Period Ends Dec. 31 --------------------------------------------- The Specialized Inter-Regional Economic Court of Karaganda has declared LLP Cefira (RNN 301900217264) insolvent. Creditors have until Dec. 31 to submit written proofs of claims to: The Specialized Inter-Regional Economic Court of Karaganda Jambyl Str. 9 Karaganda Kazakhstan EUROSTYLE LTD: Creditors' Claims Due on Dec. 28 ----------------------------------------------- LLP Eurostyle Ltd has declared insolvency. Creditors have until Dec. 28 to submit written proofs of claims to: LLP Eurostyle Ltd Jandosov Str. 47 Almaty Kazakhstan NIVA LLP: Claims Registration Ends Jan. 2 ----------------------------------------- The Specialized Inter-Regional Economic Court of North Kazakhstan has declared LLP Niva insolvent on Oct. 15. Creditors have until Jan. 2 to submit written proofs of claims to: The Specialized Inter-Regional Economic Court of North Kazakhstan Department of Agriculture Konstitutsiya Kazakhstana Str. 38 Petropavlovsk North Kazakhstan Kazakhstan PARTNER CENTREMASH: Proof of Claim Deadline Slated for Dec. 28 -------------------------------------------------------------- LLP Partner Centremash has declared insolvency. Creditors have until Dec. 28 to submit written proofs of claims to: LLP Partner Centremash Pushkin Str. 17/1 Jolymbet Shortandinsky District Akmola Kazakhstan TANATAR LLP: Creditors Must File Claims Dec. 31 ----------------------------------------------- The Specialized Inter-Regional Economic Court of Karaganda has declared LLP Tanatar (RNN 301900218741) insolvent. Creditors have until Dec. 31 to submit written proofs of claims to: The Specialized Inter-Regional Economic Court of Karaganda Jambyl Str. 9 Karaganda Kazakhstan TECHSTROYSNABPLUS LLP: Claims Filing Period Ends Jan. 1 ------------------------------------------------------- The Specialized Inter-Regional Economic Court of Akmola has declared LLP Techstroysnabplus insolvent. Creditors have until Jan. 1 to submit written proofs of claims to: The Specialized Inter-Regional Economic Court of Akmola Room 228 Auelbekov Str. 139a Kokshetau Akmola Kazakhstan Tel: 8 (31622) 25-79-32 VOSHOD-S LLP: Creditors' Claims Due on Jan. 2 --------------------------------------------- The Specialized Inter-Regional Economic Court of North Kazakhstan has declared LLP Voshod-S insolvent on Oct. 15. Creditors have until Jan. 2 to submit written proofs of claims to: The Specialized Inter-Regional Economic Court of North Kazakhstan Department of Agriculture Konstitutsiya Kazakhstana Str. 38 Petropavlovsk North Kazakhstan Kazakhstan WESTERN LOGISTICS: Claims Registration Ends Jan. 1 -------------------------------------------------- Branch of LLP Western Logistics in Aktobe has declared insolvency. Creditors have until Jan. 1 to submit written proofs of claims to: LLP Western Logistics Aktobe Branch Micro District 12, 62-29 Aktube Kazakhstan =================== K Y R G Y Z S T A N =================== AKVICOM LLC: Creditors Must File Claims by December 26 ------------------------------------------------------ LLC Akvicom has declared insolvency. Creditors have until Dec. 26 to submit written proofs of claim. Inquiries can be addressed to (+996 312) 62-43-03. ===================== N E T H E R L A N D S ===================== NEPTUNO III: S&P Rates EUR27.3 Million Class E Notes at BB- ----------------------------------------------------------- Standard & Poor's Ratings Services assigned its preliminary credit ratings to the EUR588.25 million senior secured floating- rate and deferrable notes to be issued by Neptuno CLO III B.V. In addition, Neptuno CLO III will issue a class of unrated notes totaling EUR61.75 million. The ratings reflect: -- Commensurate credit enhancement in the form of overcollateralization and subordination; -- A diversified collateral pool of loans and derivative financial instruments; -- Currency risk protections; -- Strong collateral investment guidelines; -- The expected insolvency-remoteness of the issuer; and -- Various amortization triggers. At closing, Neptuno CLO III will issue floating-rate notes, the proceeds of which, after paying transaction fees and expenses, will be invested in a portfolio of predominantly senior secured leveraged loans. The transaction has a six-year reinvestment period. The lead investment manager will be Caja de Ahorros y Monte de Piedad de Madrid. The junior investment manager will be EuroDekania Management Ltd. Ratings List Neptuno CLO III B.V. EUR650 Million Senior Secured Floating-Rate And Deferrable Notes Prelim. Prelim. Amount Class Rating (Mln. EUR) ----- ------ -------- A-1 AAA 313.95 A-2 AAA 130.00 B AA 61.75 C A 27.30 D BBB- 27.95 E BB- 27.30 Subordinated securities NR 61.75 NR -- Not rated. ROMPETROL GROUP: EU Okays KazaMunayGas 75% Stake Acquisition ------------------------------------------------------------ Rompetrol Holding SA has confirmed that its have received formal notification from the European Commission that the purchase by JSC KazMunayGas of a 75% stake in The Rompetrol Group N.V., announced on Aug. 27, 2007, has received their regulatory approval. With the approval by the European Commission, the agreement between Rompetrol Holding and KazMunayGas has received full regulatory clearance covering all the markets where the two companies are presently active. Rompetrol Holding welcomes this decision as the company can now finalize and proceed to close the transaction with its KazMunayGas partners. About KazMunayGas JSC KazMunayGas is the national operator for the exploration, mining, refining and transport of oil resources, represents the interests of the State in the oil and gas sector of Kazakhstan. 100% of the shares of KazMunayGas are owned by the Kazakhstan Holding for the Management of State Assets "Samruk" JSC. About Rompetrol Group Headquartered in Amsterdam, The Netherlands, The Rompetrol Group N.V. -- http://www.rompetrol.com/-- is a multinational oil company operating in 13 countries. Majority of its assets and operations are based in France, Romania, Spain, and South-East Europe. The group is active primarily in refining, marketing and trading, with additional operations in exploration and production, and other oil industry services such as drilling, EPCM, and transportation. * * * As reported in the TCR-Europe on Aug. 30, 2007, Standard & Poor's Ratings Services placed its long-term 'B-' corporate credit rating on oil refiner Rompetrol Group N.V. on CreditWatch with positive implications. ROMPETROL GROUP: Completed Deal Cues Fitch to Watch B- IDR ---------------------------------------------------------- Fitch Ratings is keeping Netherlands-based The Rompetrol Group N.V.'s Long-term Issuer Default Rating of 'B-' on Rating Watch Positive following the announcement that Kazakhstan-based National Company KazMunaiGaz (rated 'BBB'/'F3'/Stable Outlook) has closed the acquisition of a 75% stake in TRG from privately- owned Rompetrol Holding SA. This acquisition assessed TRG at an enterprise value of US$3.6 billion. TRG was placed on RWP on Aug. 28, 2007, when this acquisition was announced. The RWP status reflects the potential benefits for TRG from operating as part of NC KMG, the vertically integrated oil and gas group, which has a stronger business and financial profile than TRG itself. A potential rating upgrade will depend on the post-acquisition financial strategy for TRG as well as legal, operational and strategic ties between TRG and its new parent, NC KMG. The rating, which currently reflects TRG's high financial leverage, weak interest coverage ratios and high refinancing risk, may be upgraded if TRG improves its capital structure, for example, through an equity injection from its new parent and extends the maturity profile of its debt. Other rating drivers include funding of TRG's substantial capex program for the next five years and its growth strategy. Fitch plans to resolve TRG's RWP status once the post- acquisition business and financial strategy for TRG is unveiled. TRG is a privately-owned oil refining and marketing company, with most of its assets and operations in Romania. The company's key asset is Rompetrol Rafinare, the second-largest oil company in Romania in terms of refining capacity. Its main refinery, Petromidia, has an effective operating capacity of 4 million tons per annum and a 30% share of the refined products market in Romania. TRG also operates a network of more than 600 petrol stations through its subsidiaries in Romania, France, Bulgaria, Albania, Georgia and Ukraine. ROMPETROL GROUP: Building US$90 Million Crude Marine Terminal ------------------------------------------------------------- The Rompetrol Group N.V. is building a floating marine terminal for loading and unloading crude oil 8.7 km off shore from its Petromidia refinery location on the Black Sea Cost near the city of Navodari, known as MMT - Midia Marine Terminal. Maximum handling capacity will be 14 million tons of crude per year. The project is financed from TRG resources at an estimated cost of US$90 million. The marine terminal will allow tankers to unload/load cargo through a buoy connected by a submarine pipeline to an onshore pipeline feeding into the storage facility of Petromidia. This project will shorten the supply chain for crude oil by pipeline from tankers to the refinery by about 33 km, leading to a significant crude transportation cost reduction of at least US$3 per ton. "MMT will become a real hub for imports and exports of crude oil and can swiftly and safely receive and/or dispatch vessels up to the Suezmax size ships or 165,000 DWT of cargo capacity," Ermanno Zukar, project manager of Vector Energy, TRG's trading arm, said. "This project will allow TRG to become a significant component of an alternative crude supply chain starting in the Caspian Sea, leading to TRG's facility at Petromidia, and ensuring a flow of crude oil further into the European Union when the whole network will be made operative." The project started in June 2006 and is scheduled for commissioning in September 2008. The Petromidia refinery has a nameplate capacity of 5 million tons per year and is scheduled to reach maximum processing capacity by 2009 as a result of an ongoing debottlenecking program. Excess crude not processed at Petromidia will be traded around the assets of TRG. About Rompetrol Group Headquartered in Amsterdam, The Netherlands, The Rompetrol Group N.V. -- http://www.rompetrol.com/-- is a multinational oil company operating in 13 countries. Majority of its assets and operations are based in France, Romania, Spain, and South-East Europe. The group is active primarily in refining, marketing and trading, with additional operations in exploration and production, and other oil industry services such as drilling, EPCM, and transportation. * * * As reported in the TCR-Europe on Aug. 30, 2007, Standard & Poor's Ratings Services placed its long-term 'B-' corporate credit rating on oil refiner Rompetrol Group N.V. on CreditWatch with positive implications. =========== P O L A N D =========== NETIA SA: Consolidates Two Subsidiaries to Simplify Structure ------------------------------------------------------------- Netia SA disclosed that as part of the ongoing process of internal consolidation of Netia subsidiaries, the decisions have been made, in accordance with Article 492, section 1 subsection 1 of the Polish Commercial Companies Code, to merge the Company with its wholly owned subsidiaries Netia Mobile Sp. z o.o. and Swiat Internet SA with their registered seats in Warsaw. The purpose of the internal consolidation is to simplify and make the Netia Group's capital structure more transparent. The Management Board believes that this will positively impact the Netia Group's operations through reduction of administrative costs, including a decrease in the scale of intercompany transactions in its daily operations. Netia Mobile Sp. z o.o. does not conduct operating activities. Swiat Internet SA conducts telecommunications operations. Consequently, Netia's Management Board and the Acquired Companies' Management Boards executed on Nov. 27, 2007 two separate agreements implementing the Terms of Mergers as: * Terms of Merger between Netia SA and Netia Mobile Sp. z o.o. dated Nov. 27, 2007: -- The merger applies to the publicly listed company Netia Spolka Akcyjna with its registered seat in Warsaw and its single shareholder company Netia Mobile Sp. z o.o. with its registered seat in Warsaw. -- The merger shall be carried out pursuant to Article 492, Section 1, subsection 1 of the Commercial Companies Code (hereinafter the in relation to Article 515, Section 1 of the CCC through the transfer of the Company's (the acquired company's) assets to Netia without any increase in Netia's share capital, without any share exchanges and without amending Netia's Statute. -- As the merger shall not involve an exchange of the Company's shares into Netia's shares, the information required under Article 499, Section 1, subsections 2-4 of the CCC has been omitted as unnecessary. -- The merger shall not result in any of the rights referred to in Article 499 Section1 subsection 5 of the CCC being granted, nor any special benefits as referred to in Article 499 Section1 subsection 6 of the CCC. * Pursuant to Article 499 Section2 of the CCC, these documents are attached as Schedules to these Terms of Merger: (a) a draft resolution of Netia's General Meeting of Shareholders on the merger (Schedule No. 1); (b) a draft resolution of the Company's Meeting of Shareholders on the merger (Schedule No. 2); (c) an appraisal of the Company's assets as of October 31, 2007 (Schedule No. 3); (d) a representation containing information on Netia's accounting statement made as of October 31, 2007 (Schedule No. 4); (e) a representation containing information on the Company's accounting statements made as of Oct. 31, 2007 (Schedule No. 5). * Terms of Merger between Netia SA and Swiat Internet SA dated Nov. 27, 2007: -- The merger applies to the publicly listed company Netia Spolka Akcyjna with its registered seat in Warsaw and its single shareholder company Swiat Internet SA with its registered seat in Warsaw. -- The merger shall be carried out pursuant to Article 492, Section1, subsection 1 of the Commercial Companies Code in relation to Article 515, Section1 of the CCC through the transfer of the Company's assets to Netia without any increase in Netia's share capital, without any share exchanges and without amending Netia's Statute. -- As the merger shall not involve an exchange of the &nb