(AOF) – Alstom has reached an agreement with Knorr-Bremse AG for the sale of its conventional signaling business in North America for a purchase price of approximately 630 million euros. The group specializing in intelligent and sustainable mobility emphasizes that this transaction is part of the global action plan announced in November, aimed at strengthening its position in the rail industry. Alstom will provide details of its plan during annual results on May 8, 2024.
The objective is to maintain a solid and sustainable investment grade rating and its debt reduction objective of 2 billion euros.
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Rail investment plan
The French railway industry is in second place in Europe and third place worldwide. This industry displays a trade surplus, which generates more than 100,000 jobs in France. The announcement of the future plan for French rail transport provides in particular for the regeneration and modernization of the network, the average age of which is 30 years in our territory. This age is much higher than that of countries like Germany (17 years) and Switzerland (15 years). An annual investment increasing from 2.8 billion euros to nearly 4 billion euros should make it possible to maintain the entire network in good condition.