Alstom: stock up after Danish train contract

(CercleFinance.com) - The Danish Ministry of Transport yesterday announced that Alstom had been chosen to deliver the trains of the future in a tender launched by DSB, the Danish state-owned railway company.


The purchase will initially involve 100 new trainsets to be delivered between 2024 and 2030.

The new electric trains will replace the existing and ageing IC3, IR4 and IC4 trains. They will thus form the backbone of regional traffic, linking eastern and western Denmark.

A large political majority has now approved DSB's decision on the choice of Alstom as supplier, the Danish ministry adds.

Following this announcement, Alstom's shares were up over 2% in Paris, significantly outpacing the more timid 0.3% increase in the CAC 40.


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