Alstom SA (ALSO.PA)
22 Dec 2014
|Market Cap (Mil.):||€8,243.76|
|Shares Outstanding (Mil.):||309.39|
WASHINGTON - The French firm Alstom SA has pleaded guilty and will pay $772 million in criminal penalties to settle charges with the U.S. Justice Department alleging the company bribed government officials to win business around the world.
WASHINGTON - The French power and transportation company Alstom will pay a record $772.3 million fine and plead guilty to settle U.S. criminal charges that it funneled million of dollars in bribes through sham consultants to win business around the globe.
(Adds details throughout, comment from Alstom CEO and U.S. Deputy Attorney General Cole)
(Corrects first paragraph to show Alstom allegedly bribed officials to win business in countries including Indonesia, Saudi Arabia and Egypt, removes incorrect reference to India and China)
(Adds Citigroup, Family Investments, Family Dollar, IMS Health, Roche, Saint-Gobain, Sartorius)
PARIS - Engineering group Alstom unsettled investors on Friday by saying it will not be able to transfer to General Electric a looming U.S. fine over bribery allegations.
* Alstom shares close down 3.9 percent (Adds closing price, CEO comments about overcapacity, share award)
PARIS - Alstom shareholders on Friday backed with 99.2 percent of votes the French engineering group's plan to sell most of its power equipment business to General Electric and refocus on its smaller rail arm.
PARIS, Dec 19 - Alstom shareholders on Friday backed with 99.2 percent of votes the French engineering group's plan to sell most of its power equipment business to General Electric and refocus on its smaller rail arm.
PARIS, Dec 19 - Alstom Chief Executive Patrick Kron told investors on Friday that the company hoped to reach an agreement with the U.S. Department of Justice regarding an ongoing bribery case soon.
Earnings vs. Estimates
Analyst Research Reports
Alstom - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
Provider: Finlabo SIM Spa
Alstom SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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