FOLLOW US:

Financial

image
Škoda Transportation sold to Czech investor CZECH rolling stock manufacturer Škoda Transportation has been sold to investment company PPF, Škoda’s parent company, Cyrpus-based CEIL, announced on November 25.
THE death was announced on December 16 of Mr E Hunter Harrison, president and CEO of US class 1 railway CSX due to unexpectedly severe complications following a recent illness.“Hunter was a larger-than-life figure who...
vossloh-completes-financial-restructuring
VOSSLOH has completed its financial restructuring by concluding a new €150m five-year syndicated loan in the form of a revolving credit. The loan has two options to extend the final maturity by one year each...
öbb-secures-e500m-eib-loan-for-rolling-stock-orders
THE European Investment Bank (EIB) has granted Austrian Federal Railways (ÖBB) a loan of up to €500m to finance the purchase of new Desiro ML EMUs from Siemens, and Talent 3s from Bombardier. An initial tranche...
škoda-transportation-sold
CZECH rolling stock manufacturer Škoda Transportation has been sold to investment company PPF, Škoda’s parent company, Cyrpus-based CEIL, announced on November 25. PPF is owned by Mr Peter Kellner, who is listed as the Czech Republic’s...
progress-rail-acquires-downer-freight-rail
DOWNER EDI, Australia, announced on November 21 that it has reached an agreement to sell its Downer Freight Rail business unit to Caterpillar subsidiary Progress Rail in a deal worth $A 109m ($US 83m). The transaction,...
alstom-reports-increased-sales-in-first-half
ALSTOM says it booked €3.2bn of orders between April 1 and September 30 in its half year financial results released on November 14 while sales grew by 5% to €3.8bn, a result which chairman and...
ge-to-sell-transportation-division
GENERAL Electric (GE) CEO Mr John Flannery announced on November 13 that the US conglomerate will sell its Transportation business along with its Industrial Solutions and Lighting activities within the next two years as it...
polish-banks-ride-to-the-aid-of-pesa
POLISH rolling stock manufacturer Pesa has secured a Zlotys 200m ($US 54.7m) loan from a consortium of six financial institutions led by PKO Bank Polski, which will enable the Bydgoszcz-based supplier to complete the restructuring...
ntv-to-be-listed-on-stock-exchange-in-2018
THE chairman of Italy’s open-access high-speed rail operator NTV, Mr Luca Cordero di Montezemolo, has confirmed that the company will launch an initial public offering (IPO) on the stock exchange in 2018. NTV was set up...
will-the-siemens-alstom-merger-live-up-to-expectations?
THE announcement on September 26 that Siemens and Alstom have agreed to merge their rail businesses did not come as a complete surprise as rumours of a potential tie up, first between Siemens and Bombardier...

Get the latest rail news

Global news and analysis from IRJ, Railway Age and RT&S by email