Financial

Wednesday, 13 December 2017 05:49

Vossloh completes financial restructuring

VOSSLOH has completed its financial restructuring by concluding a new €150m five-year syndicated loan in the form of a revolving credit. The loan has two options to extend the final…
THE European Investment Bank (EIB) has granted Austrian Federal Railways (ÖBB) a loan of up to €500m to finance the purchase of new Desiro ML EMUs from Siemens, and Talent…
Monday, 27 November 2017 05:59

Škoda Transportation sold to Czech investor

CZECH rolling stock manufacturer Škoda Transportation has been sold to investment company PPF, Škoda’s parent company, Cyrpus-based CEIL, announced on November 25.
Tuesday, 21 November 2017 12:02

Progress Rail acquires Downer Freight Rail

DOWNER EDI, Australia, announced on November 21 that it has reached an agreement to sell its Downer Freight Rail business unit to Caterpillar subsidiary Progress Rail in a deal worth…
Tuesday, 14 November 2017 10:24

Alstom reports increased sales in first half

ALSTOM says it booked €3.2bn of orders between April 1 and September 30 in its half year financial results released on November 14 while sales grew by 5% to €3.8bn,…
Tuesday, 14 November 2017 07:10

GE to sell Transportation division

GENERAL Electric (GE) CEO Mr John Flannery announced on November 13 that the US conglomerate will sell its Transportation business along with its Industrial Solutions and Lighting activities within the…
Wednesday, 08 November 2017 05:40

Polish banks ride to the aid of Pesa

POLISH rolling stock manufacturer Pesa has secured a Zlotys 200m ($US 54.7m) loan from a consortium of six financial institutions led by PKO Bank Polski, which will enable the Bydgoszcz-based…
Thursday, 02 November 2017 11:45

NTV to be listed on stock exchange in 2018

THE chairman of Italy’s open-access high-speed rail operator NTV, Mr Luca Cordero di Montezemolo, has confirmed that the company will launch an initial public offering (IPO) on the stock exchange…
THE announcement on September 26 that Siemens and Alstom have agreed to merge their rail businesses did not come as a complete surprise as rumours of a potential tie up,…
ACCORDING to a study conducted by SCI Verkehr, the €12.5bn market for railway products services in Germany is predicted to grow at an average of 3.4% per annum to reach…
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