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Alstom SA (ALSO.PA)

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Latest Key Developments (Source: Significant Developments)

Alstom to maintain Ottawa's light rail transit system
Thursday, 1 Sep 2016 09:01am EDT 

Alstom SA :Alstom to maintain Ottawa's light rail transit system.  Full Article

Alstom to supply 79 intercity trains to NS in Netherlands
Monday, 18 Jul 2016 02:46am EDT 

Alstom : Has been awarded a contract worth over 800 million euros ($884.56 million) to supply 79 intercity trains to NS in Netherlands .Trains will be delivered from january 2020 on, will run on national network on Amsterdam-Rotterdam-Breda line and on Den Haag-Eindhoven corridor.  Full Article

Alstom sues GE for breaching contract tied to sale of rail signaling business
Wednesday, 25 May 2016 10:52am EDT 

Alstom SA : Sues General Electric for breach of contract tied to sale of rail signaling business--U.S. court filing . Lawsuit relates to ge's November 2015 sale of the rail signaling business for $800 million, subject to post-closing adjustments . Says GE refuses to submit matters remaining in dispute to deloitte, the designated independent accountant, for resolution . Says GE also committed a breach of contract by launching an arbitration proceeding to attempt to resolve the dispute . Seeks to force GE to live up to its contract, have deloitte resolve the dispute, and end the arbitration proceeding . Lawsuit is dated may 13, and was made public Tuesday night.  Full Article

Alstom wins 46 million deal by Shanghai Shentong
Wednesday, 18 May 2016 04:04am EDT 

Alstom :Wins a contract worth €46 million by Shanghai Shentong to modernize 68 metro cars in service on the Shanghai metro line 5 and to supply traction and train control management systems for 198 new metro cars.  Full Article

Alstom to invest 25 million euros in new English site
Tuesday, 17 May 2016 04:10am EDT 

Alstom SA :Invests in new site in North-West of England, investment amounts to about EUR 25 million ($28.34 million).  Full Article

Alstom will supply five additional trainsets for Melbourne's rail
Tuesday, 3 May 2016 08:00pm EDT 

Alstom SA:To provide five additional X'trapolis trainsets for Melbourne's metropolitan rail network.  Full Article

Alstom takes control of cabliance by acquiring Nexans stake
Tuesday, 12 Apr 2016 08:00pm EDT 

Alstom SA:Alstom takes control of cabliance by acquiring Nexans stake.  Full Article

Alstom to supply 52 trains to Abellio for about 170 mln euros
Thursday, 31 Mar 2016 08:00pm EDT 

Alstom SA:To supply 52 Coradia Lint regional trains to Abellio for a total amount of about €170 million.  Full Article

Alstom SA - UK's fraud prosecutor brings charges against Alstom UK head - Reuters News
Tuesday, 29 Mar 2016 06:48am EDT 

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 - Stung by large U.S. fines, France to tighten anti-corruption laws - Reuters News
Tuesday, 29 Mar 2016 04:48am EDT 

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

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Siemens to pick Alstom or Bombardier for rail talks within days: source

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.