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Finmeccanica expects final offers for rail assets soon

Published 14/01/2015, 11:33
© Reuters.  Finmeccanica expects final offers for rail assets soon
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MILAN (Reuters) - Finmeccanica (MI:SIFI) said on Wednesday talks with Japan's Hitachi (T:6501) and China's Insigma over the sale of its rail assets were progressing with the aim of receiving final offers rapidly.

The Italian state-controlled industrial conglomerate said talks with the two bidders were progressing "in parallel" and that the final offers would enable it to make a conclusive assessment.

Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in rail signalling company Ansaldo STS (MI:STS) in a bid to cut debt and focus on its core aerospace and defence businesses.

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