ALSTOM finalises FIAT Ferroviaria transaction

Following the approval of the European regulatory authorities, ALSTOM announced today that it had closed the transaction to acquire a 51% stake in Italian rail manufacturer and world leader in tilting technology, Fiat Ferroviaria.  

Following the approval of the European regulatory authorities, ALSTOM announced today that it had closed the transaction to acquire a 51% stake in Italian rail manufacturer and world leader in tilting technology, Fiat Ferroviaria.

In the framework of this transaction ALSTOM makes a cash payment of 147 million euros to Fiat and assumes additional debt of 45 million euros.

ALSTOM will consolidate 100% of the sales of Fiat Ferroviaria and the corresponding minority interests.

ALSTOM is the global specialist in energy and transport infrastructure. The company serves the energy market through its activities in the fields of power generation, power transmission and distribution, power conversion and electrical contracting and the transport market through its activities in rail and marine. Following the full integration of the power generation activities, ALSTOM today has annual sales in excess of 20 billion euros and employs more than 140,000 people in over 70 countries.

ALSTOM Transport, with sales of over 4 billion euros and a near 20% market share, is a leading supplier of rolling stock, signaling, services and railway systems to the rail industry world-wide.

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Internet : http://www.wcm.alstom.com