31.   In a statement, Dresdner Bank said it created a subsidiary to place the funds with investors.

32.   Under terms of the deal, Heinz will create new subsidiary that will be spun off to Heinz shareholders and immediately merged into a unit of Del Monte.

33.   He said that he was studying the possibility of creating a subsidiary in the near future to specialise in direct banking.

34.   Adidas created subsidiaries in six countries as part of a strategy of delegating distribution.

35.   Moet-Hennessy was also thinking seriously of creating a subsidiary in the Philippines, he said.

36.   Netscape broke away two weeks ago from its consumer activities by creating a subsidiary called Navio.

37.   The group had also created new subsidiaries in Asia.