Alstom to Raise $1 Billion in Discounted Share Capital Increase

Economy

 ALO 5.00%increase; green up pointing triangle is to raise of about 1 billion euros ($1.08 billion) in share capital as its works to reduce its debt levels.

The French train maker said Monday that under rights issue, shareholders are entitled to received one preferential subscription right, with five rights enabling holders to subscribe for one new share, at a subscription price of EUR13 per new share.

Source:  WSJ

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