All Railway Gazette International articles in April 2008 – Page 5
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NewsUIC calls in administrator
INTERNATIONAL: On April 28 the International Union of Railways announced that a Provisional Administrator had been appointed to manage the organisation, pending the calling of an Extraordinary General Meeting. Ms Béatrice Dunogué-Gaffié has been appointed by the Paris-based Court of First Instance following a request from UIC's Chief Executive Luc ...
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News
Merkel approves partial sale of DB
GERMANY: Chancellor Angela Merkel confirmed on April 28 that a government committee had endorsed plans to sell an initial 24·9% stake in Deutsche Bahn to the private sector, with the process due to be completed ahead of national elections scheduled for September 2009. Previous attempts to persuade the left ...
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NewsVeloxia signs Argentine high speed deal
ARGENTINA: On April 29 President Cristina Fernández de Kirchner formally signed a turnkey contract with the Veloxia consortium for the construction of a 320 km/h line between Buenos Aires, Rosario and Córdoba. The consortium had been selected for the concession on January 16, having submitted the sole ...
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NewsExpanding to exploit an open market
RUSSIA: The country’s second biggest freight operator has announced an IPO and listing on the London Stock Exchange. Globaltrans Chief Executive Sergey Maltsev told Andrew Grantham how he views the opportunities presented by market liberalisation.
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NewsGlobaltrans IPO raises US$449·4m
RUSSIA: On April 30 private freight operator Globaltrans Investment plc announced the price of its initial public offering of shares which will be admitted to the London Stock Exchange. The offer is priced at US$13·25 per Global Depositary Receipt representing one ordinary share. A total of 16 959 064 GDRs ...
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News
Tianjin metro car order
CHINA: CNR Dalian has won an order to supply 23 six-car stainless steel bodied trainsets for the 27 km east-west metro Line 2 now under construction in Tianjin. The trains will be formed of three motor and three trailer cars, with a seating capacity of 1?440 and maximum capacity of ...
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News
Daimler acquires EQT's stake in Tognum
TOGNUM: Private equity group EQT is to sell its remaining 22·3% stake in diesel engine manufacturer Tognum AG to Daimler AG. The Daimler board approved the €585m deal on April 30, and it is expected to be completed in the third quarter of this year, subject to regulatory approval. ...
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