FOLLOW US:

Financial

image
Investment fund to acquire Singapore metro operator TEMASAEK Holdings, an investment company owned by the Singaporean government, announced on July 20 that it has reached an agreement to acquire all of the shares in Singapore metro operator SMRT Corporation through its Belford Investments subsidiary.
huber--suhner-and-bombardier-sign-cabling-deal
HUBER & Suhner announced on August 15 that it signed a five-year contract with Bombardier to be its main cable supplier. Bombardier will equip existing and new rolling stock around the world predominantly with Huber &...
fs-to-take-over-failing-italian-regional-railway
ITALY’s transport and infrastructure minister, Mr Graziano Delrio, has issued a decree for Italian State Railways (FS) to take over South East Railway (FSE), which has been in financial difficulties for some time.FS now has...
asciano-completes-pacific-national-ownership-deal
THE split up of Australian logistics and transport specialist Asciano, parent company of major rail freight operator Pacific National (PN), was initiated on August 19 following shareholder approval and signing off by the relevant regulatory...
zimbabwe-seeks-south-african-funding-to-revamp-railway
ZIMBABWE’s Ministry of Transport is trying to negotiate a partnership deal with Transnet, South Africa, while the government is in talks with the Development Bank of South Africa to help fund the rehabilitation of Zimbabwe’s...
grindrod-to-sell-locomotive-business
SOUTH African freight logistics, shipping and financial service company Grindrod has announced plans to sell its locomotive assembly business due to the company’s deteriorating financial performance and an impairment of Rand 675m ($US 50.6m) for...
montreal-embraces-public-public-infrastructure
Canadian pension fund Caisse de Dépôt et Placement du Québec (CDPQ) has a track record of successfully investing in rail projects, and it is now looking to bring this to Montreal. Jean-Marc Arbaud, deputy managing...
aurizon-volumes-and-profits-down-in-2015-16
AUSTRAILIAN rail freight operator Aurizon revealed on August 15 that its 2015-16 full year results highlighted a reduced profit based on falling volumes and previously announced asset impairments. Statutory net profit after tax was down by...
genesee--wyoming-to-acquire-providence--worcester
GENESEE & Wyoming (GWI) announced on August 15 that it plans to acquire Providence & Worcester Railroad (P&W) for $US 126m at $US 25 per share. P&W has approved the acquisition, but it must also pass...
trelleborg-to-acquire-schwab-vibration-control
TRELLEBORG, Sweden, announced the acquisition of Schwab Vibration Control, a manufacturer of vibration control components and system solutions, on August 10. Schwab, Germany, develops and manufactures anti-vibration and suspension solutions for rail applications. The company also...
goldschmidt-thermit-acquires-srs-sjölanders
GOLDSCHMIDT Thermit Group announced on August 9 that it has acquired Swedish road-rail vehicle company SRS Sjölanders for an undisclosed sum. SRS Sjölanders specialises in the manufacturing of road-rail vehicles for the installation, inspection and maintenance...