Alstom completes share buy-back

first_imgALSTOM: The public share buy-back offer which aimed to return to shareholders part of the proceeds of the energy business transaction with General Electric has been successfully completed, Alstom announced on January 28. Following the reduction mechanism, 91·5 million shares representing around 29·5% of Alstom’s capital have been repurchased for €3·2bn and cancelled. This takes the number of Alstom shares to approximately 220 million and market capitalisation to €5·4bn. Bouygues owns 28·3% of Alstom’s capital.The Alstom board has accepted Patrick Kron’s previously-announced resignation as Chairman& CEO with effect from February 1. He will be succeeded by Henri Poupart-Lafarge, who is currently Director & Executive Vice-President.last_img

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Charles Avenue to be rehabilitated

first_img Share Share LocalNews Charles Avenue to be rehabilitated by: Dominica Vibes News – February 7, 2017 Sharing is caring! 448 Views   no discussionscenter_img Tweet Share Senator Miriam Blanchard (file photo)The tendering process for the rehabilitation of Charles Avenue, Goodwill will commence this week, the Minister for Public Works has announced.Senator Miriam Blanchard revealed on Friday 3 February 2017 that this is part of government’s efforts and commitment to the island’s development in order to improve the standard of living of all. Finance Minister, Prime Minister Roosevelt Skerrit announced during a press conference in January that estimates and designs for the rehabilitation of Charles Avenue had been completed. Senator Blanchard, who was speaking during the contract signing ceremony for the rehabilitation of the Stockfarm Road, informed that following a further review of the estimates and designs, the Charles Avenue rehabilitation project will go out to tender on Monday 6 February.“We all recall that this project will be funded through funds or revenue collected from the Road Maintenance levy. We expect work on Charles Avenue to commence by the start of the second quarter of the year,” Blanchard indicated.Blanchard said the government is aware of the deteriorating road conditions in other parts of the island caused mainly by above average and extended wet season.Accordingly, government has embarked on the assessment of all roads with a view to begin an aggressive island-wide road rehabilitation programme.Meanwhile, some of the projects under construction include realignment of the Cabannis Road in the Roseau Valley. “We all recall on December 28th 2016, that a section of that road collapsed due to a road edge failure rendering the road unsafe for vehicular traffic and making it impassable. The government then moved swiftly within a matter of days to commence the realignment of this road. Work is progressing smoothly and this is a fact that visible to all,” Blanchard stated. She added that this government’s commitment to the safety and the welfare of its people “cannot be denied”.In addition, rehabilitation of three hundred meters of the Salisbury main road continues.“In fact I visited that project [Salisbury] on Wednesday [1 February 2017] afternoon and work is progressing as per schedule,” Minister Blanchard said.last_img read more

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