New steps have been achieved towards the completion of the proposed combination of Siemens’ mobility business, including its rail traction drive business, with Alstom.
In the context of the proposed combination, on 28 May, 2018, the Ministry for Economy and Finance has granted to Siemens its authorization under the decree relating to foreign investment in France. On 29 May 2018, the French financial markets authority (Autorité des Marchés Financiers, AMF) granted Siemens an unconditional exemption from the mandatory filing of a tender offer following the completion of the contribution of its mobility business, against newly issued shares in the combined company representing 50 percent of the share capital of Alstom on a fully diluted basis. These authorizations are key milestones in the proposed combination.
During its meeting of May 30, 2018, the Board of Directors of Alstom approved:
- The convening of the Ordinary and Extraordinary Shareholders’ Meeting and the draft resolutions to be submitted for approval, including draft resolutions relating to the proposed combination;
- The convening of the Special Meeting of holders of shares with double voting rights attached and the draft resolutions to be submitted for approval, for purposes of cancelling the double voting rights;
- The convening of the bondholders’ meetings (in connection with the re-contribution to Alstom Holdings) and the draft resolutions to be submitted for approval.
Alstom’s shareholders with double voting rights attached are invited to participate in the Special Meeting which will be held on Tuesday 17 July 2018 at 9:30 a.m. (CET).
Alstom’s shareholders are invited to participate in the Ordinary and Extraordinary Shareholders’ Meeting which will be held on Tuesday 17 July 2018 on first call, on at 2 p.m. (CET).
