French banks revealed for Alstom restructuring plan

07 Aug 2003

Alstom, the French engineering company, this week announced a Eu2.8bn restructuring package that will include raising Eu1.3bn through new six year subordinated loans.

As EuroWeek reports this week (see cover story), the package has already run into opposition from the European Union's competition authorities, determined to prevent any illegal state aid.

Crédit Industriel et ...

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