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Alstom SA (ALSO.PA)

ALSO.PA on Paris Stock Exchange

9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Alstom increases stake in Transmashholding to 33 pct
Monday, 28 Dec 2015 07:00pm EST 

Alstom SA:‍Increased its stake in Transmashholding to 33 pct​ ‍.Closed deal of purchasing an additional 8 pct of shares in Transmashholding from Russian Railways for 54 million euros​.  Full Article

Consortium led by Alstom wins contract from Metro de Panama
Tuesday, 22 Dec 2015 09:09am EST 

Alstom SA:Wins as leader of a consortium contract by Metro de Panama SA to supply 70 additional metro cars for Line 1 of Panama Metro‍.Alstom's share in contract is worth 130 mln euros.Delivery of new cars will begin in early 2017.  Full Article

Alstom to supply 30 Coradia Continental regional trains
Tuesday, 15 Dec 2015 08:07am EST 

Alstom SA:Says has been awarded a 160 million euros contract to supply 30 Coradia Continental electrical trains to the Hessische Landesbahn GmbH (HLB) in Hesse, Germany.The trains are scheduled to enter commercial service in December 2018.  Full Article

Alstom signs two contracts in India for more than 3.7 bln euros
Monday, 30 Nov 2015 09:43am EST 

Alstom SA:Signs two major contracts in India for a total amount of more than 3.7 billion euros.The first contract covers the supply of 800 electric locomotives and associated maintenance.Alstom will invest about 200 million euros in the project, which will be executed by a recently formed JV in which Alstom and Indian Railways respectively hold a 74 percent and 26 percent stake.The delivery of the locomotives will take place between 2018 and 2028.Second contract, worth over 200 million euros, will provide the electrification, signaling and telecommunications system for the 343-kilometre-long eastern portion of the Dedicated Freight Corridor, expected to be completed by 2019.  Full Article

Alstom to acquire South African rail company CTLE
Thursday, 26 Nov 2015 09:00am EST 

Alstom SA:Alstom to acquire shares in south african rail company CTLE, strengthening its presence in the country.Signed an agreement to purchase a 51 pct share in South African rail company CTLE (Commuter Transport & Locomotive Engineering).  Full Article

Alstom SA - U.S. judge sentences Alstom in bribery case, $772 mln fine - Reuters
Friday, 13 Nov 2015 06:47pm EST 

Alstom SA:A federal judge in Connecticut on Friday sentenced Alstom SA to pay a $772.3 mln criminal fine, the largest levied by the U.S. government in a foreign bribery case, the U.S. Department of Justice said - RTRS.The sentencing by U.S. District Judge Janet Bond Arterton in New Haven followed Alstom's plea on Dec. 22, 2014, to charges it violated the federal Foreign Corrupt Practices Act ("FCPA") by falsifying its books and records, and failing to implement adequate internal controls - RTRS.Alstom pleaded guilty after a probe in which investigators found it paid more than $75 million in bribes over a decade to win $4 billion of contracts in countries such as Egypt, Indonesia, Saudi Arabia and Taiwan, generating $300 mln of profit - RTRS.Authorities said Alstom tried to conceal the scheme by hiring middlemen masquerading as consultants to funnel corrupt payments, referring to them in code with names like "Mr. Geneva," "Quiet Man" and "Old Friend." - RTRS.The plea covered activity by various Alstom entities including Connecticut-based Alstom Power Inc, which entered a deferred prosecution agreement after admitting it conspired to violate the FCPA's anti-bribery provisions - RTRS.The Justice Department has also charged four executives from Alstom in connection with the bribery scheme - RTRS.Hree have pleaded guilty. The fourth, Lawrence Hoskins, a former senior vice president for the Asia region, faces a trial before Arterton on April 18, 2016 - RTRS.  Full Article

Alstom awarded 175 million euro locomotive contract in Switzerland
Friday, 13 Nov 2015 08:00am EST 

Alstom SA:Awarded a 175 million euro contract to supply 47 dual-mode locomotives to SBB Infrastructure in Switzerland.Locomotives are scheduled to enter commercial service in 2018.  Full Article

Alstom to supply 800 double electric locomotives to Indian Railways
Tuesday, 10 Nov 2015 11:49am EST 

Alstom SA:To supply 800 double electric locomotives to Indian Railways.Contract worth above 3 billion euros.Delivery of locomotives will spread between 2018 and 2028.  Full Article

Alstom wins 190 mln eur Cairo metro contracts
Monday, 9 Nov 2015 07:05am EST 

Alstom SA:Says signed two contracts with Egypt's National Authority for Tunnels to supply a signalling and telecommunications system and infrastructure for the phase 3 of Cairo metro line 3 currently under construction.Both contracts are worth a total of around 190 million euros.  Full Article

Alstom gives outlook on the medium term
Wednesday, 4 Nov 2015 07:00pm EST 

Alstom SA:For the medium term, sales are expected to grow at over 5 pct per year organically and the operating margin should gradually improve within the 5-7 pct range.For the medium term, free cash flow is expected to be in line with net income before energy activities contribution with possible volatility on short periods.  Full Article

Alstom-Bombardier sole bidder for $3.3 billion French train contract

MADRID/PARIS An Alstom and Bombardier consortium is the only bidder for a 3 billion euro ($3.33 billion) contract to supply commuter trains after French rail operator SNCF told trainmaker CAF that it is out of the race.