{"id":13938,"date":"2024-04-21T02:57:18","date_gmt":"2024-04-21T07:57:18","guid":{"rendered":"http:\/\/planesintheair.com\/?p=13938"},"modified":"2024-04-21T02:57:18","modified_gmt":"2024-04-21T07:57:18","slug":"alstom-announces-sale-of-north-american-signal-business","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=13938","title":{"rendered":"Alstom announces sale of North American signal business"},"content":{"rendered":"<p class=\"paragraph\"><strong><span lang=\"EN-AU\" xml:lang=\"EN-AU\">April 19, 2024 <\/span><\/strong><span lang=\"EN-AU\" xml:lang=\"EN-AU\">\u2013 <\/span><span lang=\"EN-GB\" xml:lang=\"EN-GB\">Alstom, global leader in smart and sustainable mobility, announced today that it has entered into a binding agreement with Knorr-Bremse AG to sell Alstom\u2019s North American conventional signalling business for a purchase price of around \u20ac630 million[1]. <\/span><\/p>\n<p class=\"paragraph\"><span lang=\"EN-GB\" xml:lang=\"EN-GB\">This transaction is part of the comprehensive company action plan that Alstom announced on November 15, 2023, aiming at reinforcing its leadership position in the Rail industry. Alstom will provide the details of its plan to maintain a solid and sustainable investment grade rating and of its \u20ac2 billion deleveraging target at full-year results on 8 May 2024.<\/span><\/p>\n<p>This transaction concerns the conventional part of the North American signalling business, and the perimeter to be sold had revenues of approximately \u20ac300 million in FY 2023\/24.<\/p>\n<p><span lang=\"FR\" xml:lang=\"FR\">[1]<\/span> Proceeds for Alstom at closing (net of expected tax and transaction costs) are expected to reach ca.\u20ac620 million.<\/p>\n<div id=\"htex-popover-control\"><span id=\"htex-popover-action-copy\">Copy<\/span><b><\/b> <span id=\"htex-popover-action-translate\">Translate<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>April 19, 2024 \u2013 Alstom, global leader in smart and sustainable mobility, announced today that it has entered into a binding agreement with Knorr-Bremse AG to sell Alstom\u2019s North American conventional signalling business for a purchase price of around \u20ac630 million[1]. This transaction is part of the comprehensive company action plan that Alstom announced on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8336,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":["post-13938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation-news"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/13938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13938"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/13938\/revisions"}],"predecessor-version":[{"id":13939,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/13938\/revisions\/13939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/media\/8336"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}