Financial

THE board of bus and rail operator First Group has unanimously rejected a cash offer from US equity firm Apollo Management to buy the company, saying the offer “fundamentally undervalues…
HQ Equita has agreed to sell its MEN Mikro Elektronik IT subsidiary to Deutsche Beteiligungs which will result in the merger of MEN Mikro Elektronik with Deutsche Beteiligungs’s Duagon Holding…
THE European Commission (EC) has approved the acquisition of Italian open-access high-speed operator Italo-NTV by the US-based Global Infrastructure Partners (GIP) III equity fund.
SCI Verkehr’s annual assessment of the rail business climate, based on a survey of around 100 representative companies from the global railway industry, says the outlook is more positive in…
THE European Commission (EC) has approved the takeover of Škoda Transportation by investment company PPF Group, officially based in the Netherlands but owned by Czech entrepreneur Mr Petr Kellner,…
THE Dutch secretary of state for infrastructure, Mrs Stientje van Veldhoven, has imposed a €1.27m fine on infrastructure manager Prorail for failing to meet performance benchmarks last year.
ISRAEL Railways (IR) recorded a sharp decline in operating profti from Shekels 73m ($US 20.7m) in 2016 to Shekels 15m last year, with a net profit of Shekels 13m. This…
THE John Laing Group has announced that it is to sell its 15% stake in the Agility Trains consortium delivering the Intercity Express Programme (IEP) Phase 1 fleet of 57…
BOMBARDIER has reached an agreement with its trade unions in Germany over the proposed restructuring of the company's activities, with no factory closures planned, although the role of several will…
A report released on March 29 by Britain’s National Audit Office has concluded that the Department for Transport’s (DfT) cancellation of three major electrification projects in July 2017 was motivated…
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