Learn more

French train manufacturer Alstom has launched the final stage of a €2-billion ($2.17-billion) deleveraging plan. The company said on Monday it has launched a share capital increase with preferential subscription rights for an amount of about €1 billion, thus executing the final step of the announced €2-billion deleveraging plan. The share capital increase is the final step of the deleveraging plan that also includes: Divestments for about €700 million; the successful placement of €750 million of hybrid bonds with 50% equity content for Moody’s announced on May 23, 2024. Alstom noted that it wi…

cuu