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Reway Group’s Subsidiary Wins Major Railway Contracts

Reway Group’s Subsidiary Wins Major Railway Contracts

Reway Group SpA (IT:RWY) has released an update.

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Reway Group’s subsidiary, Gema, has secured two significant railway contracts worth €56 million from Rete Ferroviaria Italiana, boosting the company’s order backlog to €1.131 billion. These contracts involve noise mitigation measures in Abruzzo and maintenance work in Rome and Cagliari, marking a strategic step for Reway Group in balancing its focus between road and railway sectors.

For further insights into IT:RWY stock, check out TipRanks’ Stock Analysis page.

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