Struggling train maker Alstom plans to cut debt with €1bn rights issue
Delayed orders from clients hit French manufacturer, including at Derby site where 1,300 jobs at riskAlstom plans to raise €1bn (£861m) to help cut its debt as the world’s second largest train maker struggles with delayed orders amid concerns about the future of its Derby factory.The Paris-listed company will tap investors with the aim of raising the funds by September. It also plans a €750m bond issue as part of a €2bn new finance plan. Continue reading...
Delayed orders from clients hit French manufacturer, including at Derby site where 1,300 jobs at risk
Alstom plans to raise €1bn (£861m) to help cut its debt as the world’s second largest train maker struggles with delayed orders amid concerns about the future of its Derby factory.
The Paris-listed company will tap investors with the aim of raising the funds by September. It also plans a €750m bond issue as part of a €2bn new finance plan. Continue reading...
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