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[kbass] 28/10/2003 06:48

More bad news to coome out of the woodwork yet I believe .... wonderful company when GEC Alsthom - "Cash is King" - but after the sale/flotation cash was for squandering .... MONI still own 12.5% I believe ..... could they mount a buy-out? ;-)

[waldron] 24/10/2003 05:48

BEIJING (AFX-ASIA) - The government is hoping to invite bids from foreign
companies to design and build four new nuclear power generators in deals worth
billions of dollars, the China Daily reported citing officials from China
National Nuclear Corp, one of the country's two main nuclear power firms.
CNNC and Guangdong Nuclear Power Group are preparing tender documents which
will be completed by the end of this year and are hoping companies including
French groups Alstom, Framatome ANP, in which Siemens AG has a 34 pct stake,
Electricite de France and Westinghouse of the US will bid for the contracts.
China has imported eight of its 11 existing nuclear power generators from
France, Canada and Russia, but now wants to use more domestic technology and
design, the newspaper said.
nma/wpf

[maywillow] 21/10/2003 11:12

PARIS (AFX) - Alstom denied a report in Il Sole 24 Ore that claimed the
company is studying an alliance with Finmeccanica SpA in railway equipment,
electricity generating equipment and ship building.
"There have been no talks with Finmeccanica and there are none taking place
now," an Alstom spokesman told Agence France-Presse.
The report said the study is still at a preliminary phase and has not been
presented to the companies' boards.
An alliance could embrace all three sectors or be limited to railway
equipment, it added.
[e-mail]
dl/jsa

[maywillow] 20/10/2003 07:12

LONDON (AFX) - BG Group PLC said it is to purchase three new liquefied
natural gas ships, with the option to buy four more later on, from Samsung Heavy
Industries Co Ltd for a total of 460 mln stg.
The three 145,000-cubic-metre ships are expected to be delivered in the
second half of 2006. The rest will be ready in 2007.
"This is a great deal for BG. It reflects the successful development of our
long-term Atlantic LNG strategy and secures shipping capacity in 2006 and
beyond. There is significant potential within the whole Atlantic Basin region
to accelerate further our LNG business and these new ships will help BG build
its position as a leading player in LNG," said Martin Houston, executive vice
president and managing director of BG's North America, Caribbean and Global LNG
business.
BG Asia Pacific currently owns two LNG ships which are on long-term charters
in the Atlantic Ocean and Mediterranean Sea.
mbe/rn

[ariane] 16/10/2003 11:00

RNS Number:9670Q
Alstom
16 October 2003

16 October 2003



ALSTOM SIGNS TWO 8-YEAR
LONG-TERM SERVICE AGREEMENTS IN ASIA


ALSTOM has signed two 8-year long-term service agreements (LTSA) with the
Baosteel Group in China and with the Socialist Republic of Vietnam's National
Utility, Electricity Vietnam (EVN).


The LTSA contract with the Baosteel Group in China covers the supply of
maintenance services for the Bao Shan combined-cycle cogeneration power plant.
The Baosteel Group is one of the major corporations in the Asian steel market
and is the largest producer of high-tech and high-value-added steel products in
China.


The contract comprises the supply of new and reconditioned hot gas path
components and technical field service personnel to carry out the scheduled
major inspections and all field assessments for a period of 8 years.


The 144 MW Bao Shan plant is powered by one ALSTOM-supplied GT11N2-LBTU gas
turbine and one steam turbine. The plant, situated at Baosteel's steel mill
close to Shanghai, burns blast furnace gas from the steel production and
supplies its electrical power back into the mill. The GT11N2 gas turbine has, to
date, accumulated over 170 starts and 39,000 operating hours.


In the Socialist Republic of Vietnam, the LTSA signed with EVN covers the supply
of spare parts, reconditioning of hot gas path components and related outage and
maintenance services for the Phu My 2.1 and Phu My 4 gas-fired combined-cycle
power plants. Both plants are based on ALSTOM GT13E2 gas turbines. The two 450
MW plants are located in the Phu My Power complex in the Vung Tau province close
to Ho Chi Minh City.


Both contracts demonstrate our customers' long-term confidence and reinforce the
long-standing relationships that exists between ALSTOM and these two key
customers in Asia.


Press relations: G. Tourvieille/S. Gagneraud
(Tel. [phone])
[e-mail]

Investor relations: E. Chatelain
(Tel. [phone])
[e-mail]










This information is provided by RNS
The company news service from the London Stock Exchange
END

AGRGUGBAUUPWUBQ

[maywillow] 15/10/2003 10:33

BRUSSELS (AFX) - The European Commission said it extended its antitrust
probe into state aid for Alstom to cover an additional 1.1 bln eur of funding
measures announced on Sept 22.
The probe by the commission's competition authorities will now examine 2 bln
eur of short-, medium- and long-term funding plus the 65 pct of bank guarantees
totalling 3.5 bln that the state has underwritten.
[e-mail]
jms

[maywillow] 14/10/2003 07:18

MADRID (AFX) - Alstom and a consortium formed by Construcciones Auxiliar
FFCC SA and Siemens AG have been awarded a 407.5 mln eur contract to build 80
trains for national railway Renfe, Expansion reported, without naming its
source.
Expansion said that, of the total investment, 375 mln eur is to be earmarked
for building the trains, while the remaining 32.5 mln is targeted for train
maintenance over four years.
The Siemens-CAF consortium will supply 40 trains for 200 mln eur, while
Alstom will supply an additional 40 trains for 175 mln, with the new trains
expected to be delivered between the middle of 2005 and the end of 2007, it
said.
[e-mail]
tr/cmr

[waldron] 13/10/2003 19:48

seems to have run aground at 2.52 euros.

[ariane] 12/10/2003 14:12

Alstom


Current Price 2.50 euros


Support

2.50
1.95
1.50
1.26

Resistence

3.11
3.36
3.53
4.00

[grupo guitarlumber] 12/10/2003 09:56

No help just words

[maywillow] 08/10/2003 09:24

PARIS (AFX) - EU competition commissioner Mario Monti said his team will
examine the planned merger of Groupe Air France SA and KLM Royal Dutch Airlines
NV in a constructive manner, in an interview with french radio Europe 1.
"This is a very interesting case," Monti said. "Obviously, we are going to
examine it in a constructive manner, because we recognize the need for more
consolidation" in the airline sector, Monti said.
Concerning the French government's planned 3.2 bln eur rescue package for
the ailing engineering group Alstom, to be investigated by the EU Commission,
Monti said the Commission "is not trying to push Alstom into bankruptcy."
"Europe allows financial aid and restructuring plans, as long as they
conform" with EU rules on state aid, he said.
The Commission blocked an original rescue package proposed by the French
government, since it would have seen the state take a direct 30 pct equity stake
in Alstom before the Commission had ruled on the legality of the aid.
Monti also said that in the case of Bull, which has yet to repay a 450 mln
eur loan from the French government that was due last Summer, the company had
already received restructuring aid from the government in the past.
"One strict condition is the non-repetition of financial aid," Monti said.
"We do not allow the permanent use of life support" for companies.
"You can imagine what kind of situation the French and European economies
would be in if each state could grant aid without any restrictions," he added.
The European Commission said earlier this month it plans to take the French
government to the European Court of Justice to recover the 450 mln eur rescue
aid package for Bull.
[e-mail]
js/jc

[maywillow] 03/10/2003 17:47

PARIS (AFX) - Thales SA chief executive Denis Ranque denied rumours of an
imminent shake-up of the group's shareholding structure, saying neither the
state nor Alcatel has expressed an interest in selling their stakes soon.
"The rumours surrounding Thales are not justified," Ranque said in an
interview with the Journal des Finances magazine, to be published tomorrow.
"I think that it's up to each of our shareholders to make their own
decisions but, for the moment, neither Alcatel, nor the state has shown any
interest in seeing their stakes change in the short term," he said.
Alcatel holds a 9.5 pct stake in Thales and the French state has 31.8 pct.
Dassault Aviation holds a 5.9 pct stake, while Thales holds 5.6 pct of its own
shares as treasury stock. The remainder, 47.4 pct, is traded on the stock
market.
Ranque has stated in the past that he eventually hopes to see the French
government divest its stake.
He reiterated in the Journal des Finances interview that "Thales needs
shareholders, like any company, but it is not vital to have support from
industrial partners" as shareholders.
"I bet that the evolution of Thales' shareholding structure will be
surprising. The best things are prepared in secret," he added.
Ranque also repeated his aim of developing its naval activities, but refused
to comment directly on Thales' interest in the potential acquisition of the
German shipyard Howaldtswerke Deutsche Werft AG (HDW), owned by Bank One Corp
unit One Equity Partners.
"We do not need to own a shipyard to be a big player in the naval business,"
he said. "The essential thing is to avoid creating a monopolistic structure,
which would exclude us from certain contracts and keep us from remaining a major
player in this market."
Earlier this week, Thales's Francois Lureau, director of the group's Defence
unit, said the company is in talks with France's state-owned Direction des
Constructions Navales (DCN) to link the companies' naval activities.
[e-mail]
js/jsa

[maywillow] 03/10/2003 17:47

PARIS (AFX) - Thales SA chief executive Denis Ranque denied rumours of an
imminent shake-up of the group's shareholding structure, saying neither the
state nor Alcatel has expressed an interest in selling their stakes soon.
"The rumours surrounding Thales are not justified," Ranque said in an
interview with the Journal des Finances magazine, to be published tomorrow.
"I think that it's up to each of our shareholders to make their own
decisions but, for the moment, neither Alcatel, nor the state has shown any
interest in seeing their stakes change in the short term," he said.
Alcatel holds a 9.5 pct stake in Thales and the French state has 31.8 pct.
Dassault Aviation holds a 5.9 pct stake, while Thales holds 5.6 pct of its own
shares as treasury stock. The remainder, 47.4 pct, is traded on the stock
market.
Ranque has stated in the past that he eventually hopes to see the French
government divest its stake.
He reiterated in the Journal des Finances interview that "Thales needs
shareholders, like any company, but it is not vital to have support from
industrial partners" as shareholders.
"I bet that the evolution of Thales' shareholding structure will be
surprising. The best things are prepared in secret," he added.
Ranque also repeated his aim of developing its naval activities, but refused
to comment directly on Thales' interest in the potential acquisition of the
German shipyard Howaldtswerke Deutsche Werft AG (HDW), owned by Bank One Corp
unit One Equity Partners.
"We do not need to own a shipyard to be a big player in the naval business,"
he said. "The essential thing is to avoid creating a monopolistic structure,
which would exclude us from certain contracts and keep us from remaining a major
player in this market."
Earlier this week, Thales's Francois Lureau, director of the group's Defence
unit, said the company is in talks with France's state-owned Direction des
Constructions Navales (DCN) to link the companies' naval activities.
[e-mail]
js/jsa

[philmiboots] 02/10/2003 21:50

Great Eastern Isambard Kingdom Brunel's steamer in silver mounted on a piece of Jarrah from the deck. Dimensions: 1/500 scale

[maywillow] 01/10/2003 14:15

PARIS (AFX) - The Finance Ministry said it has not increased the amount of
funds it hopes to inject in Alstom as part of the group's refinancing deal,
denying EU sources that said the government wants to add 900 mln eur to the
package.
Alstom also denied that the French government will raise its funding, adding
that no changes have been made to the rescue deal that has been announced to the
EU Commission.
Earlier today, an EU source said the government hopes to add 900 mln eur to
Alstom's 3.2 bln eur refinancing package, through participation in a commercial
paper programme.
[e-mail]
js/jc