Alstom chief unveils terms of IPO, sees growth in all main businesses

Article Abstract:

Alstom SA Chairman Pierre Bilger said that the company, which will be quoted in June 1998 on stock markets in Paris, France, London, UK, and New York, will be worth between F39.9 billion and 46.2 billion. The executive also sees good prospects for the core businesses of the company, which is operating with a new name, a new logo and a new board of directors. Bilger also said that Alstom, formerly called GEC-Alsthom NV, is heading towards increasing its operating margin from the present 4.2% to 6% in four years, with the help of steady demand and cost-cutting measures. The Franco-British engineering company is best known for its high-speed trains, but also manufactures power-generation equipment, power transmission and distribution equipment, among others.

Comment:

Will be worth between F39.9 bil & 46.2 bil when it is quoted on stock markets in Paris, France, London, UK, & New York

United Kingdom, General Industrial Machinery, Machinery Manufacturing, Machinery

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Asian fears hurt Alstom stock offering

Article Abstract:

Alstom SA's 22.5-billion-franc initial offer was affected by worries over the Asian crisis, starting and ending at a low 205 francs on the Paris bourse. The shares which began trading in New York and London, UK, stock exchanges on June 22, 1998 were also hurt despite being thrice oversubscribed and assurances that the Asian crisis affects just a fraction of its sales. Alstom is a French engineering firm that relies on large infrastructure projects such as ships, trains, power-generation and transmission equipment.

Comment:

Initial offer was affected by worries over the Asian crisis, starting and ending at a low 205 francs on the Paris bourse

Engineering Services, Alstom SA

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Power-generation businesses at ABB, Alstom to join amid consolidation wave

Article Abstract:

ABB Asea Brown Boveri AG and Alstom SA have agreed to combine their power-generation equipment businesses. The merged company will be the largest maker of power-plant equipment in the world, surpassing General Electric Co. of the US. The companies expect the merger to yield about $450 million in cost savings by the end of 2003. Both companies will benefit from the merger, analysts say.

Acquisitions & mergers, Foreign operations, Germany, Motor and Generator Manufacturing, Electric Industrial Equipment, Electrical Equipment Manufacturing, Motors & Generators, Turbines, Turbine and Turbine Generator Set Units Manufacturing, Mergers, acquisitions and divestments, Engineering firms, Electric equipment, Abstract, Industrial equipment and supplies industry, Industrial equipment industry, ABB AG (Mannheim, Germany), Electric motor industry

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