| Alstom to launch share buy-back worth 3.2 billion euros | |
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PARIS (Reuters) - French engineering group Alstom (ALSO.PA) said on Wednesday it would launch a share buy-back program worth 3.2 billion euros ($3.5 billion) on Dec. 23. Alstom said the program would concern as many as 91.5 million shares or 29.5 percent of its shareholder capital, at 35 euros a share. Shares in Alstom closed up 4.12 percent at 30.99 euros before the announcement was made. The company said the buy-back would be submitted for approval at a shareholder meeting on Dec.18. French industrial conglomerate Bouygues (BOUY.PA) would take part in the share buy-back program and keep its stake unchanged at 29.2 percent, Alstom said. Alstom completed a 12.35 billion euro ($13.41 billion) sale of its energy business to U.S. General Electric (GE.N) on Monday, helping it refocus on its transport business. (Reporting by Astrid Wendlandt; Editing by Matthias Blamont)
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Alstom
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CODE : ALO.PA |
ISIN : FR0010220475 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Alstom is based in France. Alstom is listed in France, in Germany and in United Kingdom. Its market capitalisation is €UR 3.1 billions as of today (US$ 3.6 billions, € 3.1 billions). Its stock quote reached its highest recent level on February 09, 2007 at €UR 98.98, and its lowest recent point on April 17, 2024 at €UR 14.29. Alstom has 219 127 000 shares outstanding. |