Finmeccanica announces that he has signed up with the Japanese Hitachi a contract for the purchase by the Japanese giant of the current business of ANSALDOBREDA, with the exception of certain revamping activities and certain residual contracts, and of the entire investment held by Finmeccanica in the share capital of Ansaldo STS, equal to approximately 40% of the share capital. On the latter, the Japanese group will launch a mandatory takeover bid.
The purchase price of Ansaldo STS, says a note, is equal to €9,65 per Ansaldo STS share, for a total price of 773 million euro. The total net consideration for the current business of ANSALDOBREDA, including real estate assets, amounts to 36 million.
The simultaneous closure of the transactions is expected by 2015. Finmeccanica's net debt will benefit from this, which will drop by around 600 million at the end of the year, with an overall net capital gain of around 250 million.
Following the release of the news, Finmeccanica's stock gained more than three and a half percentage points, 11,37 euro, scoring the best rise in the Ftse Mib. The shares of Ansaldo Sts instead fly by 6,7%, a 9,43 euro.
With this acquisition, the Hitachi group becomes a global leader in the railway sector.
