Point firm shares sold

By Railway Gazette International2002-09-01T10:00:00

VOESTALPINE Bahnsysteme GmbH has bought Vossloh AG’s 45·3% stake in turnout and component manufacturer VAE AG for €140·5m, following Vossloh’s purchase of Cogifer (RG 8.02 p406). Voestalpine Bahnsysteme is now the majority shareholder in VAE, owning 90·6% of the company. Once the deal has been approved by the competition authorities, ...

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