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[adrian j boris] 09/3/2022 13:01

Alstom SA said Wednesday that it has won a contract for a train-control system in Italy worth 124 million euros ($135.1 million).

The contract from Italian rail group Rete Ferroviaria Italiana is for the design and implementation of the European Rail Transport Management System in four Italian regions, the French train maker said.

Alstom won the tender together with a temporary grouping of companies, it said.

The award is the first of a number of tenders in Italy financed by the country's pandemic recovery funds for the construction of ERTMS on 700 kilometers of railway worth around EUR500 million, Paris-based Alstom said.



Write to Ed Frankl at [e-mail]



(END) Dow Jones Newswires

March 09, 2022 07:10 ET (12:10 GMT)

[grupo guitarlumber] 09/3/2022 08:17

(MT Newswires) -- Alstom (ALO.PA) said Wednesday that it is stopping all future business investments in Russia following its invasion of Ukraine.

The company clarified that it has no material business or operational link with Transmashholding despite owning a 20% stake in the Russian locomotives and rail equipment provider. Alstom plans to reassess the capital investment's book value as part of its closing accounts for 2021 to 2022.

Discussions for the French rolling stock manufacturer's potential partnership project with Ukrainian rail operator UZ have also been suspended due to the current circumstances.

Alstom traded 5% in the green on Tuesday's close.

[the deacon] 08/3/2022 16:08

Yes, at some point the market will remember that we've now got significant revenue from gold and copper exposure...

[diamond1] 08/3/2022 15:04

Gold hits $2060. All time record $2063 in sight.

And this is DOWN?

[robertstronghand] 07/3/2022 10:53

Got that gold deal done just in time. Concern is Egypt is a big importer of wheat from Russia and the Ukraine, risk of geopolitical instability there as the US sanctions means they can't import wheat.

[kaos3] 07/3/2022 07:54

No surprise there. La Mancha doing its thing. strengthening its grip. people and finances.

good to have a strong partner

[waldron] 04/3/2022 15:22

Alstom
19.315 -8.07%

[waldron] 04/3/2022 15:20

tend not to wear hats nor eat them

whata grey though

[pendragon2] 04/3/2022 15:15

under 25
eat my hat,
buy new hat,
under 20
eat my new hat,

shop running out of hats

[la forge] 04/3/2022 12:56

The Group has signed a one-billion-euro partnership agreement with the Polish export credit agency KUKE.

This strategic partnership agreement will enable Alstom to facilitate the execution of contracts and guarantee buyers financing for tenders on the international market.

"Poland is a key market for Alstom, it plays an important role in our global development strategy and is the ideal location for our expansion. Alstom produces modern components and metros in Poland that are used all over the world. Thanks to this partnership with kuke, Alstom's development and investment in the country will be able to increase even faster," said Sławomir Cyza, Alstom's Managing Director for Poland, Ukraine and the Baltic States.

[ariane] 23/2/2022 16:07

Now awaiting the changing point

[pendragon2] 23/2/2022 16:04

I keep selling and buying back in later, over and again.

At this rate there'll be thousands of the damned things by the time it's finished.

[ariane] 23/2/2022 15:44

No, a Cash investigation into Alstom has not been "deprogrammed"

Emilie BERAUD, AFP France
Tue, 22 February 2022, 5:20 PM·4 min read


Several Internet users claim that a Cash Investigation program on Alstom was "deprogrammed" in order not to harm Emmanuel Macron, Minister of the Economy during the sale of the Belfort site to the American General Electric in 2015. However, this claim is false: it is based on a humorous tweet and truncated remarks by a France 2 official. The channel also assured AFP that no investigation into this case had been deprogrammed or even carried out.

Has an investigation devoted to the "Alstom affair" and risking harming the Head of State been deprogrammed by France 2?

[meanreverter] 21/2/2022 10:14

Support from Egyptian government for the gold industry:

hTTps: [insert //] www.egyptindependent.com/ [no space] egypt-to-establish-city-for-gold-in-the-new-administrative-capital-minister/

[robertstronghand] 21/2/2022 07:53

I thought volume picked up Friday, turns out it was the CEO, always a very good sign but we do need the attention of outside investors, share price not reflecting the progress being made (or the price of gold and copper).

[red army] 20/2/2022 12:37

There's bound to be mixed results as by definition results will differ from one location to another but overall the picture is healthy.

[waldron] 18/2/2022 03:57

A job advert to recruit 30 female train drivers in Saudi Arabia has attracted 28,000 applicants, highlighting the scale of pent up demand as the conservative kingdom opens up more opportunities to women.

[grupo] 16/2/2022 12:44

Alstom : SNCF Voyageurs and Alstom present the first French hybrid train for the Occitanie, Grand-Est, Nouvelle-Aquitaine and Centre-Val-de-Loire regions

[waldron] 15/2/2022 14:43

01/25/2022 | 12:59pm GMT


In a research note published by Guillermo Peigneux Lojo, UBS advises its customers to buy the stock. The target price is still set at EUR 47.

[waldron] 15/2/2022 14:41

Already a buyer, JP Morgan continues to advise buy in a research note published by Akash Gupta. The course target continues to be set at 47 EUR.

[spangle93] 15/2/2022 08:14

Also, last campaign they didn't get the results they hoped for at Lakanfla, so this is encouraging, particularly at it's still 100% owned

[kaos3] 15/2/2022 08:12

yep - on the ground performance is simply excellent - as always - great news - love it

[the deacon] 15/2/2022 08:03

Excellent drill results this morning. 127m @ 1.23g/t gold from near surface is superb.

[robertstronghand] 14/2/2022 08:31

Plus LIBOR, still La Mancha's backing gives them a lot of flexibility that they wouldn't have otherwise. Worth remembering Trident were paying 10% when they were at a similar stage. Lost track of where their finances are, copper still strong and gold breaking out, hopefully buyers will be coming in here. No point locking in to a facility when they should be able to access better terms in a few months.

[kaos3] 14/2/2022 08:02

flexible as a spiders net . so light and so strong. to be admired