Industry News in Brief

The European Commission has approved Bouygues’ acquisition of the French government’s 21·01% stake in Alstom, under the terms announced on April 27 (RG 6.06 p361). The 29051244 shares were transferred at €68·21 per share on June 26, giving Bouygues 23·26% of Alstom’s capital and voting rights.

Huber+Suhner has opened a sales office in Changchun, close to customers including Changchun Railway Vehicles Co and First Automobile Works.

On July 12 Tognum GmbH was unveiled as the name for the holding company for MTU and the other businesses formerly part of DaimlerChrysler’s Off-Highway division which were acquired by EQT in March (RG 2.06 p98). The individual companies will continue to operate under their existing brands in their own markets.

Last month the Czech Export Bank signed a €40m credit agreement with Uralwagonozavod to fund equipment for the wagon builder’s paint shops.

Vecchietti has been taken over by Séco-rail, the railway division of Colas and part of the Bouygues group, consolidating Séco-rail’s position in southwest France.

His Royal Highness the Prince of Asturias, Felipe de Bourbon, attended a gala dinner on June 15 to mark the general assembly of the Spanish rail industry association Mafex and four other industry associations in the Agex group. During the assembly, Arcelor’s Commercial Director, Rail, Victor Ruiz was elected as the next President of Mafex, which now has 20 member companies and will represent 23 firms at the InnoTrans show in Berlin

CAPTION: His Royal Highness the Prince of Asturias, Felipe de Bourbon, attended a gala dinner on June 15 to mark the general assembly of the Spanish rail industry association Mafex and four other industry associations in the Agex group. During the assembly, Arcelor’s Commercial Director, Rail, Victor Ruiz was elected as the next President of Mafex, which now has 20 member companies and will represent 23 firms at the InnoTrans show in Berlin