International Companies
Alstom to cut debt through €1bn rights issue
By Abigail Townsend
Date: Wednesday 08 May 2024
(Sharecast News) - French train maker Alstom announced plans to raise €1bn from shareholders on Wednesday, as it looks to slash debt.
The TGV manufacturer, the world's biggest train maker after China's state-owned CRRC, wants to reduce debt by around €2bn by March 2025, to avoid its credit rating being downgraded.
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