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Energy Industry
Industry: Email Alert RSS FeedMarine units threaten to sink Alstom. (France: Finance).
Modern Power Systems, March, 2003
Under its latest rescue plan heavy engineering giant Alstom hopes to raise [euro]3.6 billion from a mixture of rights issues and asset sales in a bid to save the group, already groaning under [euro]5.3 billion of debt, from financial ruin. The group's latest predictions show an expected loss of [euro]1.3 billion this year which together with lack of faith in ...
