TOKYO (JCN Newswire) -
Hitachi, Ltd. (TSE:6501, "Hitachi") announced today that the conditions precedent were satisfied for the agreements for Hitachi to acquire Finmeccanica S.p.A. ([FNM.IM,] "Finmeccanica")'s signalling and rolling stock operations signed on February 24, 2015.
The agreements are for the sale and purchase of:
- the current business of AnsaldoBreda S.p.A., with the exclusion of some revamping activities and certain residual contracts, and
- the entire interest owned by Finmeccanica in Ansaldo STS S.p.A., equal to approximately 40% of the share capital.
The simultaneous closing of the transactions is expected on November 2.
The agreements are for the sale and purchase of:
- the current business of AnsaldoBreda S.p.A., with the exclusion of some revamping activities and certain residual contracts, and
- the entire interest owned by Finmeccanica in Ansaldo STS S.p.A., equal to approximately 40% of the share capital.
The simultaneous closing of the transactions is expected on November 2.
Industry: Daily News