Alstom completes transfer of interests
in three Energy Joint Ventures
2 October 2018 - As announced on 10 May 2018, today Alstom has completed the transfer of all its interests in the three Energy Joint Ventures (Renewables, Grid and Nuclear Joint Ventures) to General Electric and received a total cash payment of €2.594 billion.
The proceeds will be used by Alstom primarily to support the Company's strategic development. In addition, a part of this amount will be used to pay out an extraordinary distribution of up to €4 per share, subject to certain adjustments, to Alstom's existing shareholders at the close of the business day preceding the date of closing of the transaction with Siemens, expected in the first half of 2019, once all regulatory approvals have been obtained. Payment of such extraordinary distribution shall be made on the 8th business day following the date of closing of this transaction. Details about this distribution can be found in the Document E (n° E.18-049) registered by the French Autorité des marchés financiers (AMF) on 6 June 2018.
About Alstom
As a promoter of sustainable mobility, Alstom develops and markets systems, equipment and services for the transport sector. Alstom offers a complete range of solutions (from high-speed trains to metros, tramways and e-buses), passenger solutions, customised services (maintenance, modernisation), infrastructure, signalling and digital mobility solutions. Alstom is a world leader in integrated transport systems. The company recorded sales of €8.0 billion and booked €7.2 billion of orders in the 2017/18 fiscal year. Headquartered in France, Alstom is present in over 60 countries and employs 34,500 people.
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