The latest announcement is out from Alstom SA ( (FR:ALO) ).
Alstom has signed a significant contract with Bulgaria’s Ministry of Transport and Communications to deliver 35 electric Coradia Stream interregional trains, marking the first such purchase in Bulgaria in 20 years. The contract, valued at €720 million with Alstom’s share being €600 million, includes 15 years of maintenance services. This deal enhances Alstom’s presence in Bulgaria, complementing its existing portfolio of signaling and infrastructure projects. The trains, equipped with modern amenities and designed for European standards, aim to improve passenger rail services in Bulgaria, aligning with the country’s policy to attract more passengers through improved service quality and reduced emissions.
More about Alstom SA
Alstom SA is a global leader in smart and sustainable mobility solutions, specializing in the manufacturing of trains and rail infrastructure. The company focuses on providing innovative transportation solutions worldwide, with a strong emphasis on reducing emissions and enhancing passenger comfort.
YTD Price Performance: -7.27%
Average Trading Volume: 142,612
Technical Sentiment Signal: Hold
Current Market Cap: €9.39B
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