Business Services Industry
AREVA OFFERS US$28.07 MLN TO ALSTOM FOR INDIAN OPERATIONS.
AsiaPulse News, December, 2003
MUMBAI, Dec 31 Asia Pulse - Power company Alstom Projects India Ltd (APIL) (BSE:ABBP) yesterday said it has received a binding offer from Areva for the purchase of its Transmission & Distribution (T&D) operations in India for a total consideration of 22.31 million euros (US$28.07 million).
With regard to Alstom's public listed companies in India, the offer encompasses T&D operations contained within Alstom Ltd and the T&D operations contained within the company for the considerations of 14.3 million euros and 8.01 million euros respectively, Alstom Projects India Ltd informed the Mumbai Stock Exchange.
The offer is subject to condition that Alstom bears all the costs of transfer of these operations to Areva and that the transfers are completed by December...
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