Alstom close to selling off UK property
Adjust font size:
Manufacturing News, Source : TheManufacturer.com
Published : 08 Nov 2002 10:47
The Anglo-French engineering group, Alstom is near to selling its UK property portfolio to St Modwen Properties.
The deal, worth more than £100 million, will help Alstom reduce its £1.28 billion debt. The shopping centre and racecourse developer, St Modwen is thought to be in negotiations for a sale and leaseback deal to Alstom for up to 20 plants working with the company on alterations to its factories in the future. St Modwen has previously completed similar deals with Corus and Marconi.
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Manufacturing is to begin again at Fort Dunlop
MANUFACTURING: Refurbished landmark industrial...
more…
McCain’s is to migrate to wind power
FOOD: Turbines to provide over half annual power...
more…
New president of the SBAC defends the right to fly
AEROSPACE: Entering a defining period where...
more…
Sheffield Forgemasters
Sheffield Forgemasters is to give its 700-strong...
more…
SSL International
SSL International, which manufactures Durex...
more…
no comments yet...