Tag: $Alstom

French train maker Alstom said on Monday it had completed the sale of its North American conventional signalling business to Knorr-Bremse for $690 million.

Alstom shares plunged by a fifth at one point on Wednesday after the train maker said it would sell assets, cut jobs and consider a capital raise after a cash flow warning in October increased concerns about the company’s debt level.

Shares of French train manufacturer Alstom plummeted up tp 35% on Thursday, according to LSEG data, after the company slashed its free cash flow forecast.