CAF wins €150-million contract with Mitsubishi in Philippines to build 56 commuter trains for Manila

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According to press reports, the Philippine Transport Authority has selected the alliance of CAF and Mitsubishi for the supply of 56 commuter trains for Manila for an amount of €150 M (1.2% of the current portfolio). The contract is still pending signature.

Assessment: Positive news, although its impact is limited due to its insignificant size for the Company as a whole and because it is still pending signature.

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