Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Spain's Renfe cuts high-speed train supplier short-list to four

Published 2016-05-18, 03:02 a/m
Spain's Renfe cuts high-speed train supplier short-list to four

MADRID, May 18 (Reuters) - Spanish train operator Renfe has
received offers from four manufacturers, including Germany's
Siemens SIEGn.DE and France's Alstom ALSO.PA , for a contract
to supply high-speed trains in a deal worth up to 2.64 billion
euros ($3 billion).
Alstom, Siemens and Spanish companies Construcciones y
Auxiliar de Ferrocarril (CAF) and Talgo TLGO.MC put forward
offers, Renfe said in a statement late on Tuesday, while
Canada's Bombardier BBDb.TO and Hitachi Rail Italy 6501.T
9086.T dropped out of the bidding.
State-run Renfe has said it was looking to buy at least 15
trains for up to 1.4 billion euros in a first phase, with the
option to expand the offer by a further 15 trains. The price
includes the contract to maintain the trains for up to 40 years.
($1 = 0.8864 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.