Media Releases


DEPUTY PREMIER TO MEET WITH MAJOR FINANCIAL INSTITUTIONS IN EUROPE

July 6, 1998

Deputy Premier and Crown Investments Corporation Minister Dwain Lingenfelter will meet in London, England this week with senior officials of major financial institutions to discuss initiatives in telecommunications and reinsurance.

Meetings will be held in London on July 8 and 9 with Charles McVeight, chairman of Salomon Brothers International, Nicholas Villiers, head of investment banking with RBC Dominion Securities and Jill Denham, head of CIBC Wood Gundy in Europe.

"I expect to learn a great deal about the European experience with deregulation, particularly in telecommunications and natural gas," Lingenfelter said. "As Saskatchewan moves into competition in these areas, it is important for us to understand the broader implications in the global marketplace and how other jurisdictions have dealt with competition. We can also learn more about what's happening globally in the reinsurance business."

Lingenfelter will also meet with Canadian High Commissioner Roy McLaren in London before travelling to France from July 13 to 15 for discussions with Canadian Ambassador Jacques Roy in Paris and Arnaud De Bourayne, the president and chief executive officer of Cogema Resources Inc.

"Cogema employs about 600 people in Saskatchewan, primarily in the north, and has invested about $1 billion in our province," Lingenfelter said. "Eighty per cent of France's power is nuclear generated and Cogema exports 14 million kilograms of Saskatchewan uranium to France."

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Karen Schmidt
Crown Investments Corporation
Regina
Phone: (306) 787-5889