Alstom : The extraordinary GM approves the acquisition of Bombardier Transportation; financial objectives confirmed
>All resolutions approved, price of € 5.3bn for BT - We listened to the virtual EGM yesterday, here are the main points:The EGM voted in favour of the proposed acquisition of Bombardier Transport (BT) as planned,The 12 resolutions were accepted, the double voting system was abandoned,The projected price for BT is now € 5.3bn and ALO will also assume around € 200m in net financial debt,BT’s total EV is expected to be around € 7.1bn including all li...Alstom serves the power generation and transmission markets, and rail transport market. Co.'s activities are divided into four sectors: the Thermal Power Sector (Co. offers power generation solutions using gas or coal to services including plant modernization, maintenance and operational support); the Renewable Power sector offers EPC solutions, turbines and generators, control equipment and maintenance for Hydropower and Wind power activities; the Grid Sector designs and manufactures equipment and turnkey solutions to manage power grids and transmit electricity from the power plant to the large end-user; and the Transport Sector provides rail transport products, systems and services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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