Alstom closes sale of N.American signalling business to Knorr-Bremse

📆 02/09/2024 09:32:00
📰 YahooFinanceCA

⏱ Reading Time:
25 sec. here
4 min. at publisher
📊 Quality Score:
News: 20%
Publisher: 63%

Alstom News

Knorr-Bremse,Rail Business

'Closing of the sale completes the execution of the company's 2 billion euro ($2.2 billion) deleveraging plan,' Alstom said. Alstom is the world's second...

- French train maker Alstom said on Monday it had completed the sale of its North American conventional signalling business to Knorr-Bremse for $690 million.

It had announced the sale in April as part of its plan to reduce debt by 2 billion euros. It further outlined the plan in May, including a $1 billion rights issue supported by its main shareholders. MANILA, Philippines — A storm set off landslides and unleashed pounding rains that flooded many northern Philippine areas overnight into Monday, leaving at least 9 people dead and prompting authorities to suspend classes and government work in the densely populated capital region.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alstom closes sale of N.American signalling business to Knorr-Bremse'Closing of the sale completes the execution of the company's 2 billion euro ($2.2 billion) deleveraging plan,' Alstom said. Alstom is the world's second...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »