1 Min Read
PARIS, Oct 1 (Reuters) - Alstom is launching a capital increase of up to 300 million euros ($387.15 million) to finance current as well as future acquisitions, the French transport and power engineering company said on Monday.
The funds will be mainly used to finance the investment in a 25 percent stake in Russia's Transmashholding. They could also allow Alstom to pursue small deals in the renewable energies or electricity trasmission sectors, Alstom said in a statement.
Alstom also said it would reconfirm its guidance on full-year sales growth and operating margin when it releases half-year results on Nov. 7.
$1 = 0.7749 euros Reporting by Elena Berton; Editing by Lionel Laurent