United gets numbers right on Alstom.

Australasian Business Intelligence, June, 2005

Jun 02, 2005 (The Australian Financial Review - ABIX via COMTEX)

Engineering firm United Group has paid $A267.5m for the Australian transport arm of French group Alstom. The acquisition was expected to cost United between $A350m and $A400m. The purchase has given United Group an additional $A900m in contracts. The acquisition of Alstom's rail and infrastructure arm will give United an advantage in the race for a $A1.5bn New South Wales RailCorp contract. United shares were placed in a trading halt on 2 June 2005, closing at $A8.68.

Publication Date: 3 June 2005

UNITED GROUP LIMITED - ASX UGL: 

ALSTOM SA:

RAIL CORPORATION NEW SOUTH WALES:

UBS AUSTRALIA LIMITED

By James Hall

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