Transportation Industry
ALSTOM - Brief Article - Statistical Data Included
Railway Age, July, 2000
ALSTOM announced June 20 that it's acquiring a 51% stake in Fiat Ferroviaria, the rail equipment subsidiary of Italy's Fiat Group. The transaction values the whole of Fiat Ferroviaria at more than $280 million. There's an option in the agreement under which Alstom could purchase the remaining 49% in two years' time.
Fiat Ferroviaria has been working in a consortium with Alstom since 1998 to provide tilting trains for Virgin Trains' West Coast Maine Line in the UK.
COPYRIGHT 2000 Simmons-Boardman Publishing Corporation
COPYRIGHT 2002 Gale Group
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