The Hitachi Ansaldo deal has been finalised last week.
Hitachi announces the closing of transactions relating to the acquisition  of AnsaldoBreda  and Finmeccanica’s 40% Ansaldo STS.
The total net consideration at the closing date to be paid to Finmeccanica under the purchase agreement of AnsaldoBreda amounts to Eur 30 million.
As a result of these transactions, Finmeccanica Group’s net debt at the end of 2015 will fall by around €600m, with a capital gain preliminarily estimated at about €250m. Finmeccanica has already reflected the ‘deconsolidation’ of its Transportation business in its guidance for the 2015 financial year.
Finmeccanica CEO Mauro Moretti said:
“with the sale of the Transportation business, Finmeccanica becomes a pure aerospace, defence and security player. This is a key step in the execution of our Industrial Plan, aimed at focusing and strengthening the group in the core business and at delivering on our economic and financial objectives. I am sure that both AnsaldoBreda and Ansaldo STS will play a key role in the future development of the Hitachi Rail business worldwide.”
Alistair Dormer, Global CEO for Hitachi Rail Group, said:
“that the acquisitions would strengthen Hitachi’s position in signalling and traffic management systems”
Now Hitachi is discussing with AnsaldoBreda and Bombardier about whether to continue their partnership for the manufacture Frecciarossa 1000.
Did you like this post? Would you like to be informed about the last railway signalling technical and commercial news? Join us on LinkedIn and stay updated!
railwaysignalling.eu | walk the rail talk
I’m impressed, I need to say. Actually not often do I eoncunter a blog that’s each educative and entertaining, and let me let you know, you have got hit the nail on the head. Your thought is excellent; the issue is something that not enough people are talking intelligently about. I am very pleased that I stumbled across this in my search for something referring to this.
Thanks you Shiori.