French train maker Alstom is considering a capital increase and is seeking asset sales worth up to 1 billion euros ($1.09 billion) to bolster its balance sheet, sending its shares down 15%.

Alstom’s problems are piling up. When divulging last month’s warning on cash flow – which prompted shares to slump 35% – France’s 4 billion euro train group said a capital increase to ...

Alstom plans to cut its net debt by 2 billion euros ($2.2 billion) by March 2025. As of Sept. 30, it had a net debt of 3.43 billion euros. The group added it would propose that no dividend be paid ...

September 2, 2024 – Alstom, global leader in smart and sustainable mobility, announces today that it has closed the sale of its North American conventional signalling business to Knorr-Bremse AG ...

Alstom to cut 1,500 jobs due to financial difficulties The world's second-largest rail construction company is experiencing a liquidity crisis and must regain investor confidence. By Jean-Michel Bezat ...

Alstom, maker of French TGV trains, ... A further €1.5bn of forecast free cash flow over the next three years will finally bring its balance sheet to a place of safety. ...

(Reuters) -French train maker Alstom is considering a capital increase and is seeking asset sales worth up to 1 billion euros ($1.09 billion) to bolster its balance sheet, sending its shares down 15%.