'Closing of the sale completes the execution of the company's 2 billion euro ($2.2 billion) deleveraging plan,' Alstom said. Alstom is the world's second...
- French train maker Alstom said on Monday it had completed the sale of its North American conventional signalling business to Knorr-Bremse for $690 million.
Alstom is the world's second biggest train maker after China's state-owned CRRC and has contracts on its order books from Britain for its HS2 high-speed railway and for the largest train tender in Danish rail history.Italian manufacturing activity contracted for a fifth month running in August but at a slower pace than the month before, a survey showed on Monday, suggesting the worst of a long-running factory slump may be over.
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