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  • Italy has paved the way for the liberalization of the electricity industry
  • In a sign of further consolidation in the Italian market, Toffoletto has agreed to merge with Negri-Clementi, Montironi & Soci. Turin-based firm Ganna & Asociati will also join the new firm, to be called Negri Clementi, Toffoletto, Montironi & Soci. The firms signed agreements at the end of June but the merger will not be effective until January 1 2000
  • A Singapore lawyer has revealed four of the local practices he claims the government has chosen to be allowed to set up joint ventures with foreign firms.
  • Coca Cola Beverages and Hellenic Bottlings announced on August 18 their intention to merge. The transaction is valued at £4.1 billion ($6.6 billion).
  • The Tussauds securitization allowed venture capitalists to raise debt against the value of Tussaud Group's entire business rather than against specific receivables or assets.
  • US firm Weil, Gotshal & Manges advised Polish telecommunications company Netia on its $121 million initial public offering (IPO) on the Nasdaq stock exchange. Netia is the first Polish company to list on Nasdaq and only the second eastern-European company to do so. US firm Latham & Watkins advised underwriters Donaldson, Lufkin & Jenrette.
  • New Records Again Contributed by the European Private Equity and Venture Capital Association, Belgium
  • By Jyrki Tähtinen and Jari Vikjö of Borenius & Kemppinen, Helsinki
  • The Changing Venture Capital Market By Grant E Finlayson and Makiko Ushijima of Orrick, Herrington & Sutcliffe LLP, Tokyo
  • Structuring private equity transactions and active funds By Alberto Toffoletto and Paolo Montironi of Negri-Clementi, Toffoletto, Montironi & Soci