Commodities Corp. Ltd. (CCL) to New York-based Goldman, Sachs & Co.

Goldman has also entered a long-term agreement under which it will receive a fee for managing Stockton's commodities investments, a service the Bermuda company received through CCL. Goldman will also invest in Stockton, a privately held company, according to a press release.

Although the terms weren't disclosed, Bloomberg News reported that sources say Goldman is paying about $100 million in cash for CCL. Goldman is reportedly taking a $25 million equity investment in Stockton, whose biggest shareholder is Orix Corp., Japan's largest leasing company.

CCL was founded in 1969 and invests in a wide range of commodities, including metals, agricultural products, and interest rate futures. The company has $1.8 billion under management. It was founded in 1969 by a group of economists and investors including Stockton's Chairman F. Helmut Weymar.

Robert Easton, President and Chief Executive Officer of Stockton, stated that the deal "should translate to even more diversified investment approaches to enhance our financial returns...Stockton will continue to have the vast majority of its assets invested in accordance with CCL's diversified investment strategies, and as a result we believe will continue to distinguish itself vis-a-vis its competitors. Our outstanding rates of return for the fiscal year just ended are continued testimony to the success of these strategies.'' The transaction is scheduled to be closed in three months.

MILLENNIUM SELLS STAKE IN ATTITUDE BUC Millennium sells stake in Attitude Millennium International Ltd., formerly called BSL Holdings Ltd., has concluded an agreement for the sale of its 20 percent holdings in US-based Attitude Network Ltd. for about $3.97 million.

The sale was made to a Florida investment company, according to a press release. Millennium, one of the founders of Attitude in 1996, originally invested about $2.05 million in the company. Because of previous write offs of its share of Attitude's startup losses on its books the sale will result in a one-time gain to Millennium of about $3.3 million.

"We are immensely pleased that our confidence in this investment has reaped a nearly 100 percent return on the original investment,'' Millennium Chairman William Midon said in a statement. He added that the money from the sale could be used to take advantage of other investment and acquisition opportunities.

"Although Attitude's stock would in all probability have further increased in value in the future, a plateau had been reached while Attitude was continuing its business development phase,'' he stated.

Millennium, which is listed on the Bermuda Stock Exchange, announced revenues of $5.5 million for the six month period ended December 31, 1996. In the 1996 fiscal year ended June 30 the company had a net loss of $2.3 million.

Attitude is in the business of buying or developing Internet sites targeted at specific audiences for advertising revenue, including Happy Puppy, an electronic games service.

SEA CONTAINERS FORECASTING IMPROVEMENT SHI Sea Containers forecasting improvement Although there is an expectation that operating income from container leasing will be lower than last year, Bermuda-registered Sea Containers Ltd. is forecasting a significant improvement in 1997 earnings per share over the $1.20 reported for 1996.

President James B. Sherwood said, "We see substantial, offsetting gains in our hotels and passenger transportation businesses which should produce total net income on common shares more than double the 1996 results.'' First quarter results showed a material reduction in the company's loss in the traditionally weak quarter and were indicative of the improvement the company anticipated in the second half of the year.

Mr. Sherwood forecast a doubling of earnings for the year because of income from the Great North Eastern Railway, taken over by Sea Containers a year ago.

Added income is also expected from the ferries division, through operations in the English Channel, Scandinavia and the Irish Sea.

Hotel operations of the company are also forecasting operating profits of about $40 million. And three new hotels are being added this year, one each in France, Bora Bora and South Africa.