FINMECCANICA SpA’s initial public offering of the Ansaldo STS SpA business was fully exercised in March, with the sale of 60 million shares at €7·80 each.
Trading on the Milano exchange began on March 29. The IPO comprised 52·17 million shares, representing a 52·17% stake in the rail unit, plus a further tranche issued in response to high demand which brought the total to 60 million.
EUROPE: The EU Agency for Railways has launched ERA Railway Factsheets, giving what it calls ‘a comprehensive overview of the rail sector across European countries with one-click access’. Covering aspects such as transport statistics, railway organisations, rolling stock, infrastructure, safety, market structure, and the legal framework, ...
UK: ‘We in the rail sector must be objective and honest about what we are good at’, Network Rail Chief Executive Andrew Haines told a conference in Birmingham on October 3, as he reflected on how the industry can plot its way through the uncertainty of the post-Covid period.
EUROPE: Senior figures from across the UK rail sector came together at the Rail Partners with Ukraine event to hear how national railway Ukrzaliznytsia is keeping trains running under wartime conditions, and to raise money to fund food parcels for Ukrainian railway workers and their families. ...
