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0 0 0.0014190147982973 0.0014190147982973 0 -0.0026353131968376 -0.0026353131968376 0.0014190147982973
Stock impact report

Belgian court overrules Alstom's appeal of SNCB's pick for 1.7 billion euro trains deal [Yahoo! Finance]

ALSTOM UNSP/ADR (ALSMY) 
NASDAQ:AMEX Investor Relations: alstom.com/investor-relations
Company Research Source: Yahoo! Finance
suspend national rail operator SNCB's decision to name CAF as the preferred supplier for its AM30 train contract. "The Council of State estimates, after an interim review, that none of the criticisms made by the company challenging the legality of this appointment decision were serious," it said in a statement. CAF was appointed as the preferred bidder against French trainmaker Alstom and Siemens of Germany at the end of February. In April, the court suspended the order following Alstom's appeal against the decision. "We are disappointed by this decision and by the fact that our arguments have not been taken into account. We do not wish to communicate further on this subject," Alstom said in an emailed response to Reuters. The order plays a crucial role in determining the future of Alstom's Bruges facility, which faces the threat of restructuring and possible closure. SNCB's tender, the biggest the company has placed, consists of a first batch valued at 1.7 billion euros ( Show less Read more
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