(IN BRIEF) Alstom has sold its North American conventional signalling business to Knorr-Bremse AG for $690 million as part of a broader €2 billion financial restructuring plan. This sale is aimed at strengthening Alstom’s balance sheet and stabilizing its Investment … Read the full press release →
Posted in Business, France, Industrial, Infrastructure & Utilities, Investment, Technology, Transportation & Logistics
Tagged Alstom, antitrust advisor, binding agreement, Cleary Gottlieb Steen & Hamilton LLP, communication-based train control (CBTC), Crédit Agricole CIB, deleveraging plan, European train control systems (ETCS), financial advisor, financial due diligence, investment grade rating, Knorr-Bremse AG, legal advisor, North American conventional signalling business, sale, smart and sustainable mobility, U.S. mobility technology, White & Case LLP
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