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 PRESS RELEASE

Atos Group has signed a binding agreement to sell its Atos operations ...

Atos Group has signed a binding agreement to sell its Atos operations in South America to the Brazilian company Semantix Press Release Atos Group has signed a binding agreement to sell its Atos operations in South America to the Brazilian company Semantix With this transaction the Atos Group accelerates the delivery of its Genesis Transformation plan. Paris, France – December 26, 2025 – Atos Group, a global leader of AI-powered digital transformation, today announces that it has signed a binding agreement for the sale of its South American operations to the Brazilian company Semantix. T...

 PRESS RELEASE

Atos Group signe un accord engageant pour céder ses opérations en Amér...

Atos Group signe un accord engageant pour céder ses opérations en Amérique du Sud à la société brésilienne Semantix Communiqué de presse Atos Group signe un accord engageant pour céder ses opérations en Amérique du Sud à la société brésilienne Semantix Avec cette transaction, Atos Group accélère la mise en œuvre de son plan de transformation Genesis. Paris, France – 26 décembre 2025 – Atos Group, un leader mondial de la transformation digitale accélérée par l’IA, annonce aujourd'hui avoir signé un accord engageant pour la cession de ses activités sud-américaines à la société brésilienne...

 PRESS RELEASE

ALSTOM S.A: Alstom to supply 47 trains and associated maintenance for ...

ALSTOM S.A: Alstom to supply 47 trains and associated maintenance for new rail corridors in Mexico The contract is valued at approximately 20,2 billion Mexican pesos (approximately 920 million euros)New, state of the art trains will be manufactured at Alstom’s Ciudad Sahagún plant, with over 76% of national content The contract also includes comprehensive maintenance for 5 years, fitting out of maintenance depots, inspection and refuelling stations. 26 December 2025 – Alstom, global leader in smart and sustainable mobility, has signed a contract with the Railway Transport Regulatory Agency...

 PRESS RELEASE

ALSTOM S.A : Alstom va fournir 47 trains ainsi que la maintenance asso...

ALSTOM S.A : Alstom va fournir 47 trains ainsi que la maintenance associée, pour de nouvelles lignes ferroviaires au Mexique    Le contrat est évalué à 20,2 milliards de pesos mexicains (soit environ 920 millions d’euros)Les nouveaux trains à la pointe de la technologie seront assemblés sur le site Alstom de Ciudad Sahagún, au Mexique, avec plus de 76 % de contenu local Le contrat comprend également la maintenance complète pendant 5 ans, l’aménagement de dépôts de maintenance, d’ateliers d’inspection et de stations de ravitaillement. 26 décembre 2025 – Alstom, leader mondial de la mobili...

Carole Braudeau
  • Carole Braudeau

Credit Morning 12/23/2025

Vehicle registrations in Europe rise for the fifth consecutive month|Voluntary redundancy plan affecting around 5,500 employees at an estimated cost of EUR 2.5bn|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 23/12/2025

Les immatriculations de véhicules en Europe progressent pour le 5eme mois consécutif|Plan de départs volontaires concernant environ 5500 employés pour un coût estimé à 2,5 mds EUR|

thyssenkrupp AG: Update following affirmation of Ba3 ratings, outlook ...

Our credit view of this issuer reflects its large scale and global reach, against its exposure to carbon transition risk in blast oxygen furnace-focused TKSE.

 PRESS RELEASE

ALSTOM S.A: Alstom to supply 23 electric Coradia Stream trains with 10...

ALSTOM S.A: Alstom to supply 23 electric Coradia Stream trains with 10-year associated maintenance to Hellenic Train in Greece Project’s overall goal is to modernise Greek passenger rail servicesThe contract is valued at 393 million euros, including maintenance1The trains will be used for both suburban and intercity routes 22 December 2025 – Alstom, global leader in smart and sustainable mobility, has signed a contract with Hellenic Train, the main private railway company in Greece, for the supply of 23 Coradia Stream Electric Multiple Units (EMUs). The contract, valued at €393 million, i...

 PRESS RELEASE

ALSTOM S.A : Alstom va fournir 23 trains électriques Coradia Stream av...

ALSTOM S.A : Alstom va fournir 23 trains électriques Coradia Stream avec un contrat de maintenance de 10 ans à Hellenic Train en Grèce L'objectif global du projet est de moderniser les services ferroviaires grecs de transport de passagersLe contrat est évalué à 393 millions d'euros, maintenance comprise1Les trains seront utilisés à la fois pour les lignes suburbaines et interurbaines 22 décembre 2025 – Alstom, leader mondial de la mobilité intelligente et durable, a signé un contrat avec Hellenic Train, la principale compagnie ferroviaire privée en Grèce, pour la fourniture de 23 rames au...

Carole Braudeau
  • Carole Braudeau

Credit Morning 12/22/2025

Paris prosecutor's office launches probe into Uranium theft from Somaïr in Niger|Maxeda: weak Q3 results and announcement of restructuring process|Coty appoints Markus Strobel as new chairman and interim CEO|Golden Goose: HSG acquires majority stake|The Belgian government is considering increasing its stake in Ageas according to the Belgian newspaper de Tijd|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 22/12/2025

Enquête du parquet de Paris sur le vol d’Uranium de la Somaïr au Niger|Maxeda : faibles résultats T3 et annonce du processus de restructuration|Coty nomme Markus Stroble comme nouveau Chairman et CEO par interim|Golden Goose : HSG acquiert une part majoritaire au capital|Le gouvernement belge envisageait d'augmenter sa participation dans Ageas selon le journal belge De Tijd|

Moody's Ratings changes the outlook on thyssenkrupp AG to stable from ...

Moody's Ratings (Moody's) has today affirmed the Ba3 Corporate Family Rating (CFR) and Ba3-PD Probability of Default Rating (PDR) of thyssenkrupp AG (tk). We have also affirmed the (P)Ba3 rating on tk's senior unsecured EMTN Programme, the Ba3 rating of its senior unsecured notes, its NP commercial ...

James Ratzer
  • James Ratzer

Cellnex vs. Telefonica Cellnex (Buy, €34, +32%) Telefonica (Reduce, ...

On Wednesday, we published our European Telecoms Year Ahead note for 2026. In that note, we upgraded Cellnex to a Buy, as we think the market’s worst fears on growth are overdone, and we downgraded Telefonica to a Reduce, as we fear the low cashflow growth outlook is not being properly priced in. However, in that sector report, we missed out one important aspect to back up this diverging view of value and we now highlight that here.

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