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TOKYO, Oct 30, 2015 - (JCN Newswire) - Hitachi, Ltd. (TSE:6501, "Hitachi") announced today that the conditions precedent were satisfied for the agreements for Hitachi to acquire Finmeccanica S.p.A. ([FNM.IM,] "Finmeccanica")'s signalling and rolling stock operations signed on February 24, 2015.
The agreements are for the sale and purchase of:
- the current business of AnsaldoBreda S.p.A., with the exclusion of some revamping activities and certain residual contracts, and
- the entire interest owned by Finmeccanica in Ansaldo STS S.p.A., equal to approximately 40% of the share capital.
The simultaneous closing of the transactions is expected on November 2.
Contact:
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111
Topic: Press release summary
Source: Hitachi, Ltd.
Sectors: Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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