03.11.2015, 23:34
Hitachi to Acquire Signalling and Rolling Stock Operations
OREANDA-NEWS. Hitachi, Ltd. announced that the conditions precedent were satisfied for the agreements for Hitachi to acquire Finmeccanica S.p.A. ([FNM.IM,] "Finmeccanica")'s signalling and rolling stock operations signed on February 24, 2015.
The agreements are for the sale and purchase of:
* the current business of AnsaldoBreda S.p.A., with the exclusion of some revamping activities and certain residual contracts, and
* the entire interest owned by Finmeccanica in Ansaldo STS S.p.A., equal to approximately 40% of the share capital.
The simultaneous closing of the transactions is expected on November 2.
The agreements are for the sale and purchase of:
* the current business of AnsaldoBreda S.p.A., with the exclusion of some revamping activities and certain residual contracts, and
* the entire interest owned by Finmeccanica in Ansaldo STS S.p.A., equal to approximately 40% of the share capital.
The simultaneous closing of the transactions is expected on November 2.
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