AMEC plc announced on November 24 that it has begun the process of selling AMEC Spie, following a review of the group’s options for long-term growth.
The board believes that AMEC Spie would be best able to participate in industry consolidation outside AMEC. The sale will be completed in the spring, and proceeds are expected to ’significantly exceed book value’ of £280m at June 30 2005.
INTERNATIONAL: ‘Beware of trains. Life can change in a split second’ is the slogan for the 16th International Level Crossing Awareness Day, which this year has a particular emphasis on the safety of vulnerable people. Around 50 countries take part in the annual ILCAD campaign which ...
INDIA: The AT Railway a subsidiary of Amber Enterprises India has signed a joint venture agreement with South Korea’s Yujin Machinery to design, manufacture, and develop critical components for various types of rolling stock used in India. The joint venture will focus on components such as ...
EUROPE: Austrian Federal Railways has put into service the first of its updated Railjet trainsets on services linking Germany, Austria and Italy. Toma Bačić rode on a preview run between München and Verona on April 5.
