Hitachi announced today that the conditions precedent were satisfied for the agreements for Hitachi to acquire Finmeccanica S.p.A. signalling and rolling stock operations signed on February 24, 2015.
The agreements are for the sale and purchase of:
- the current business of AnsaldoBreda S.p.A., with the exclusion of some revamping activities and certain residual contracts, and
- the entire interest owned by Finmeccanica in Ansaldo STS S.p.A., equal to approximately 40% of the share capital.
The simultaneous closing of the transactions is expected on November 2.