Alstom reveals huge demand for rights issue

Alstom_train_adobe_575x375_Nov17
By Sam Kerr
04 Dec 2020

Alstom, the French manufacturer of trains, trams and buses, has completed its €2bn rights issue to fund the acquisition of Bombardier's train division.

The company sold 68m new shares at €29.50 each to shareholders. After the end of the subscription period on November 30, the company revealed it had demand worth around €3.4bn, a subscription rate of 171.4%.

The proceeds will be used to help fund the acquisition of the trains division ...

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