Alstom in

Sarla Buch
29 Aug, 2016
New York City

Alstom won a contract from the U.S. based Amtrak to build 28 new high-speed trains for

[R]4:00 PM Frankfurt – Alstom won a contract from the U.S. based Amtrak to build 28 new high-speed trains for €1.8 billion. Deutsche Bank agreed to sell its Argentina-based subsidiary. Polish insurer PZU plans to acquire 40.1% stake in UniCredit’s domestic lender Bank Pekao.[/R]

Market indexes in the euro zone headed lower as the U.S. rate direction guesswork weighed on market sentiment.

In Frankfurt the DAX index dropped 41.01 0.4% to 10,546.42 and in Paris the CAC 40 index slipped 21.08 or 0.5% to 4,420.79.

Markets in London were closed today for a summer bank holiday.

Alstom SA jumped 3.5% to €24.09 after the France-based rail transportation equipment maker signed a deal worth about €1.8 billion or $2 billion to design and build 28 new high-speed trains for the U.S.-based rail operator Amtrak that will run on the Northeast Corridor between Boston and Washington, D.C.

The train operator said new trains will be ready in 2019 and will be in service after two years and carry more than 400 passengers.

Deutsche Bank AG slipped 1% to €12.47 after the Germany-based financial services provider agreed to sell its Argentina-based subsidiary to a domestic lender Banco Comafi S.A. to streamline the foreign business.

The transaction is expected to complete by early 2017.

Powszechny Zaklad Ubezpieczen SA fell 0.5% to 27.21 Zloty after the Poland-based state-run property and casualty insurer and the PFR fund are in talks to acquire 40.1% stake in UniCredit’s domestic lender Bank Pekao SA.

The offer estimated to €3.1 billion or $3.36 billion

Roche Holding Ltd rose 0.5% to 242 Swiss francs after the Switzerland-based diagnostic instruments and tests maker received an “emergency use authorization” from the U.S. Food and Drug Administration for its Zika test.