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7 months ago

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Breakingviews - Alstom takes the direct route to lower credibility

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Breakingviews - Alstom takes the direct route to lower credibility

Alstom's problems are piling up. When divulging last month's warning on cash flow – which prompted shares to slump 35% – France's 4 billion euro train group said a capital increase to repair the balance sheet was not on the table. On Wednesday, Chief Executive Henri Poupart-Lafarge conceded that plans to cut debt via asset disposals might not be enough to avoid a cash call after all, sending shares down another 20%.

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Breakingviews - Alstom takes the direct route to lower credibility

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Breakingviews - Alstom takes the direct route to lower credibility

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