Alstom SA (ALSO.PA)
Latest Key Developments (Source: Significant Developments)
Alstom SA:To provide five additional X'trapolis trainsets for Melbourne's metropolitan rail network. Full Article
Alstom SA:Alstom takes control of cabliance by acquiring Nexans stake. Full Article
Alstom SA:To supply 52 Coradia Lint regional trains to Abellio for a total amount of about €170 million. Full Article
Alstom SA:Britain's Serious Fraud Office (SFO) charged the UK president of French engineering company Alstom ALSO.PA with offences of corruption and conspiracy to corrupt in connection with some train contracts with the Budapest Metro. - RTRS.The alleged offences by Terence Stuart Watson, who is also the managing director of Alstom Transport UK & Ireland, relate to the supply of trains to the Budapest Metro between Jan. 1, 2003 and Dec. 31, 2008, the SFO said on Tuesday.Alstom did not immediately respond to an email seeking comments and was not reachable via phone.Reuters could not immediately contact Watson or his lawyers for comments. Alstom, a manufacturer in the rail, power and electricity transmission sectors, has been at the centre of a seven-year-long global investigation for alleged corruption.UK's fraud prosecutor has in the past brought charges of corruption against two UK-based Alstom units. It first charged Alstom Network UK in July 2014. Watson is to appear at Westminster Magistrates' Court on April 5. Full Article
Alstom SA:France is tightening its anti-corruption laws to clean up its image after several French companies were slapped with huge fines abroad, with planned reforms including greater protection for whistleblowers and a new anti-corruption agency. - RTRS.Two years ago, France's biggest bank, BNP Paribas, was fined $9 billion by U.S. authorities over violations of sanctions against Sudan, Cuba and Iran.French engineering company Alstom ALSO.PA and oil groups Total and Technip were also forced to pay millions of dollars to the U.S. authorities over bribery allegations.French Finance Minister Michel Sapin will unveil the new bill to the cabinet on Wednesday, before sending it to parliament for discussion."We are badly ranked internationally, we're under suspicion," Sapin told France Inter radio on Tuesday."So we must wash away this suspicion and for that we need strong measures," he said. The bill will also include the creation of a government-wide registry of lobbyists and a ban on "large" gifts to government officials, officials at the finance ministry said.France was ranked 23rd in Transparency International's latest corruption perception index, below Germany, Britain and the United States, and was criticised by the Organisation for Economic Co-operation and Development (OECD) in 2014. Full Article
MUNICH Siemens is in talks to merge its rail business with that of either Alstom or Bombardier and will pick a preferred partner within days for further negotiations, a person familiar with the matter told Reuters on Thursday.