Tuesday, March 27, 2012

Reuters: Mergers News: Finmeccanica-Hitachi talks intensified in recent months-source

Reuters: Mergers News
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Finmeccanica-Hitachi talks intensified in recent months-source
Mar 27th 2012, 11:20

ROME, March 27 | Tue Mar 27, 2012 7:20am EDT

ROME, March 27 (Reuters) - Talks between Finmeccanica and Japan's Hitachi over a stake sale in the the Italian defence group's train-making unit AnsaldoBreda have intensified in recent months, a source close to the talks told Reuters on Tuesday.

The source, speaking on condition of anonymity, said several foreign groups, including Hitachi, had also expressed interest for Finmeccanica's Ansaldo STS rail-signalling systems unit.

The source mentioned Bombardier Inc, Alstom SA , Siemens AG and Mitsubishi as the other groups interested in Ansaldo STS.

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