FINMECCANICA SpA’s initial public offering of the Ansaldo STS SpA business was fully exercised in March, with the sale of 60 million shares at €7·80 each.
Trading on the Milano exchange began on March 29. The IPO comprised 52·17 million shares, representing a 52·17% stake in the rail unit, plus a further tranche issued in response to high demand which brought the total to 60 million.
INDIA: Spain’s Ministry of Transport & Sustainable Mobility has signed a memorandum of understanding to support Indian Railways in developing and upgrading its network. The initial agreement runs for five years, when a number of pilot projects are envisaged, to be followed by automatic annual renewals. ...
UK: The annual Rail Business Awards which recognise and reward excellence across every aspect of the industry will be back in Manchester in 2025.
INTERNATIONAL: ‘Beware of trains. Life can change in a split second’ is the slogan for the 16th International Level Crossing Awareness Day, which this year has a particular emphasis on the safety of vulnerable people. Around 50 countries take part in the annual ILCAD campaign which ...
