AXA Takeover of Basta Now Official

VEENENDAAL, Netherlands (20 January 2000)–The Dutch manufacturer of bike locks AXA has taken over the Danish Basta Group A/S. AXA paid approximately EUR12.5 million for the Danish group, which sells bicycle locks and lighting under the Basta brand name. Combined the companies had a 1998 turnover of EUR66.4 million and 540 employees The takeover by