Alstom is launching a fundraiser at 29.50 euros per share, what...

Alstom is launching a fundraiser at 29.50 euros per share, what...
Alstom is launching a fundraiser at 29.50 euros per share, what...

Alstom shares are up 15% over one year. (© Alstom)

The TGV manufacturer launches a capital increase of 2 billion euros to buy Bombardier Transport. Should we participate or not in the operation? Discover our advice.

The railway group do not waste time.

Less than a week after unveiling the half-year accounts – fiscal year ended at the end of March 2021 – marked by the resilience of its profitability, it launched its capital increase intended to finance the acquisition of the Canadian company Bombardier Transport, whose finalization is expected in first quarter 2021.

Three operations in one

The transaction is carried out with maintenance of preferential subscription rights (DPS) for an amount of approximately 2 billion euros.

This is far from covering the acquisition price of Bombardier Transport, which is expected to reach 5.3 billion euros (the final amount will be determined on the basis of the balance sheet situation of the Canadian during the finalization of the operation and adjustment mechanisms).

The plan includes two other capital increases which are reserved, one for the Caisse de dépôt et placement du Québec for a minimum amount of 2.6 billion euros, the other for Bombardier for a minimum of 500 million.

A bond issue of up to 400 million euros is also planned.

At the end of the transaction, the Caisse de depot et placement du Québec will become Alstom’s largest shareholder with 17.8% of the capital. Its commitment will be long term.

For his part,


Source link by

*The article has been translated based on the content of Source link by
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!

These were the details of the news Alstom is launching a fundraiser at 29.50 euros per share, what... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at en24 news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Saudi green projects set to see over $1.6bn investments by 2030, says minister 
NEXT US Fed holds key rate steady for fourth straight meeting