-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QaqCliM2xra5FiKbwFE/Qy0sw1X3WyYvpZixvbubD3rmXyHi43JJB4DW/5Q1lMqv arB13UXnIikN/TeJmsSmIQ== 0000897204-99-000053.txt : 19990510 0000897204-99-000053.hdr.sgml : 19990510 ACCESSION NUMBER: 0000897204-99-000053 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990507 GROUP MEMBERS: BANKBOSTON, N.A. GROUP MEMBERS: FIRST UNION NATIONAL BANK GROUP MEMBERS: FLEET FINANCIAL GROUP INC GROUP MEMBERS: UNION BANK OF CALIFORNIA, N.A. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CRONOS GROUP CENTRAL INDEX KEY: 0000919869 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 000000000 STATE OF INCORPORATION: N4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-47841 FILM NUMBER: 99613490 BUSINESS ADDRESS: STREET 1: 16, ALLEE MARCONI, BOITE POSTALE 260 STREET 2: L 2012 CITY: L 2012 LUXEMBURG STATE: N4 MAIL ADDRESS: STREET 1: 16, ALLEE MARCONI, BOITE POSTALE 260 STREET 2: L-2012 LUXEMBOURG FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FLEET FINANCIAL GROUP INC CENTRAL INDEX KEY: 0000050341 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 050341324 STATE OF INCORPORATION: RI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02211 BUSINESS PHONE: 6173464000 MAIL ADDRESS: STREET 1: ONE FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02211 FORMER COMPANY: FORMER CONFORMED NAME: FLEET FINANCIAL GROUP INC DATE OF NAME CHANGE: 19880110 FORMER COMPANY: FORMER CONFORMED NAME: INDUSTRIAL NATIONAL CORP DATE OF NAME CHANGE: 19820512 SC 13G 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ---------------------- SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c), AND(d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (AMENDMENT NO. 1)(1) The Cronos Group (Name of Issuer) Common Shares (Title of Class of Securities) L20708100 (CUSIP Number) April 13, 1999 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |X| Rule 13d-1(b) |_| Rule 13d-1(c) |_| Rule 13d-1(d) - -------- (1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). - -------------------------------------------------------------------------------- CUSIP NO. L20708100 13G/A Page 2 of 9 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Fleet Bank, N.A. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES -0- BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 6 SHARED VOTING POWER 1,463,636 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,463,636 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,463,636 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES|_| - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.5% (Based on 8,858,378 Common Shares reported outstanding as of March 29, 1999) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON BK - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP NO. L20708100 13G/A Page 3 of 9 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS BankBoston, N.A. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES -0- BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 6 SHARED VOTING POWER 1,463,636 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,463,636 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,463,636 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES|_| - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.5% (Based on 8,858,378 Common Shares reported outstanding as of March 29, 1999) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON BK - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP NO. L20708100 13G/A Page 4 of 9 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS First Union National Bank (formerly CoreStates Bank, N.A.) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES -0- BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 6 SHARED VOTING POWER 1,463,636 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,463,636 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,463,636 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES|_| - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.5% (Based on 8,858,378 Common Shares reported outstanding as of March 29, 1999) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON BK - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP NO. L20708100 13G/A Page 5 of 9 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Union Bank of California, N.A. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES -0- BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 6 SHARED VOTING POWER 1,463,636 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,463,636 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,463,636 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES|_| - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.5% (Based on 8,858,378 Common Shares reported outstanding as of March 29, 1999) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON BK - -------------------------------------------------------------------------------- Item 1(a). Name of Issuer: The Cronos Group (the "Issuer") Item 1(b). Address of Issuer's Principal Executive Offices: The address of the principal executive offices of the Issuer is: 16, Allee Marconi, Boite Postale 160, L-2120 Luxembourg Item 2(a). Name of Person Filing: (i) Fleet Bank, N.A. (ii) BankBoston, N.A. (iii) First Union National Bank (formerly CoreStates Bank, N.A.) (iv) Union Bank of California, N.A. Such filing persons are hereinafter collectively referred to as the "Reporting Persons." Item 2(b). Address of Principal Business Office or, if None, Residence: (i) 777 Main Street, Hartford, CT 06115 (ii) 100 Federal Street, 01-31-03, Boston, MA 02110 (iii) 1339 Chestnut Street, PA 4810, Philadelphia, PA 19107 (iv) 350 California Street, Suite 750, San Francisco, CA 94104-1402 Item 2(c). Citizenship: (i) United States of America (ii) United States of America (iii) United States of America (iv) United States of America Item 2(d). Title of Class of Securities: This statement relates to the Issuer's common shares, $2.00 par value per share ("Common Shares"). Item 3. If This Statement is Filed Pursuant to Rules 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) |_| Broker or dealer registered under Section 15 of the Exchange Act. (b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act. (c) |_| Insurance Company as defined in Section 3(a)(19) of the Exchange Act. (d) |_| Investment Company registered under Section 8 of the Investment Company Act. (e) |_| An investment adviser in accordance with Rule 13d-1(b)(l)(ii)(E). (f) |_| An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) |_| A parent holding company or control person in accordance with Rule 13b-1(b)(1)(ii)(G). (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) |_| A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) |X| Group, in accordance with Rule 13d-1(b)(l)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. |_| Item 4. Ownership. (a) Amount Beneficially Owned: Each of the Reporting Persons may be deemed to beneficially own 1,463,636 Common Shares of the Issuer. Such beneficial ownership results from the determination by such banks to exercise their rights under a collateral assignment between Fleet Bank, N.A., as agent, and Cronos Equipment (Bermuda) Limited ("Cronos") pursuant to which Cronos pledged certain promissory notes issued to it, as well as 1,463,636 Common Shares, which secure such notes, to secure its obligations to such banks. In October 1997, the issuer of such notes defaulted under such notes. In December 1997, the Reporting Persons notified Cronos of their intention to exercise rights under such collateral assignment with respect to 1,000,000 of such Common Shares. On April 13, 1999, the Reporting Persons notified Cronos of their intention to exercise their rights under such collateral assignment agreement with respect to the remaining 463,636 of the pledged shares. Ultimately, depending upon market conditions, the Reporting Persons intend, through the exercise of such rights, to cause a sale of all or part of such 1,436,636 Common Shares in order to satisfy the outstanding obligation of the issuer of such notes. (b) Percent of class: Approximately 16.5% of the outstanding Common Shares based on 8,858,378 Common Shares reported outstanding as of March 29, 1999 (based on the Issuer's Form 10-K filed on April 13, 1999). (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote None of Fleet Bank, N.A., BankBoston, N.A., First Union National Bank, or Union Bank of California, N.A. has the sole power to vote or direct the vote of any of the Common Shares. (ii) Shared power to vote or to direct the vote Fleet Bank, N.A., BankBoston, N.A., First Union National Bank, and Union Bank of California, N.A. share the right to vote or direct the vote of 1,463,636 Common Shares. (iii) Sole power to dispose or to direct the disposition of None of Fleet Bank, N.A., BankBoston, N.A., First Union National Bank, N.A., or Union Bank of California, N.A. has sole power to dispose or to direct the disposition of any of the Common Shares. (iv) Share power to dispose or to direct the disposition of Fleet Bank, N.A., BankBoston, N.A., First Union National Bank, and Union Bank of California, N.A. share the power to dispose or direct the disposition of 1,463,636 Common Shares. Item 8. Identification and Classification of Members of the Group. This Amendment No. 1 to Schedule 13G is filed on behalf of a group pursuant to Rule 13d-1(b) (1) (ii) (J). The identification and classification of the members of the group are as follows: Fleet Bank, N.A., a Bank as defined in Section 3(a)(6) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"); BankBoston, N.A., a Bank as defined in Section 3(a)(6) of the Exchange Act; First Union National Bank, a Bank as defined in Section 3(a)(6) of the Exchange Act; and Union Bank of California, N.A., a Bank as defined in Section 3(a)(6) of the Exchange Act. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. May 7, 1999 FLEET BANK, N.A. By: /s/ Edward J. Walsh Name: Edward J. Walsh Title: Senior Vice President BANK BOSTON, N.A. By: /s/ W. Douglass Vannah Name: W. Douglass Vannah Title: Vice President FIRST UNION NATIONAL BANK (FORMERLY CORESTATES BANK, N.A.) By: /s/ Anne D. Brehony Name: Anne D. Brehony Title: Vice President UNION BANK OF CALIFORNIA, N.A. By: /s/ Richard David Morris Name: Richard David Morris Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----