The capital increase will allow shareholders that own 10 preferential subscription rights to subscribe for three new shares at 29.50 euros per share, Alstom said in a statement.
The company said it expects to close the acquisition of Bombardier’s rail unit in the first quarter of next year., which owns 9.7% of Alstom, has committed to participate in the rights issue, the company said in a statement.The two companies announced revised terms of an agreement which gives the rail unit an enterprise value of $8.4 billion, in a deal that would allow the cash-strapped Canadian firm to pay down some of its $9.3 billion in debt.
Did the ECB buy any bonds to finance any government buy ins. ie subsidy (such a dirty word)
thank you very much for your work