Struggling train maker Alstom plans to cut debt with €1bn rights issue

Struggling train maker Alstom plans to cut debt with €1bn rights issue

Delayed orders from clients hit French manufacturer, including at Derby site where 1,300 jobs at risk

Alstom plans to raise €1bn (£0.87bn) to help cut its debt as the world’s second largest train maker struggles with delayed orders amid concerns about the future of its Derby factory.

The Paris-listed company will tap investors with the aim of raising the funds by September. It also plans a €750m bond issue as part of a €2bn new finance plan.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *