According to analysts at Banc Sabadell, Thales has shortlisted CAF and Hitachi for the purchase of the French company’s signalling business. Stadler is said to have dropped out of the process, with bids having been submitted at the end of last week. French press reports flag that Thales would have valued the subsidiary at 1.8 billion euros vs 1.6 billion euros and the offers received would have been lower. So…
Sabadell | Despite the poor performance of the stock this year (-3% vs IBEX) and especially since the beginning of April (where it reached its maximum of 44.25 euros / year / -12% since then), possibly due to an market towards more defensive values, until now we see no reason to stop trusting CAF.
CAF has secured a contract in France for the rehabilitation of regional trains for 121.3 M€. According to the train builder, CAF was awarded the contract to rehabilitate 43 regional trains in France, which form part of those offering services in metropolitan Paris and the rest of the Île-de-France region, for a total of 121.3M€.
The next few years should be good ones for CAF due to the sector’s positive situation and the company’s excellent positioning.
Fernando Rodríguez | The outlook for economic growth in Spain continues to be good and domestic small and midcap stocks should reflect this. Above all, the cyclicals – particularly industrials – and consumer stocks. Barón de Ley, Miquel y Costas, Cie Automotive, CAF and Fluidra are some of the top stock picks.
Spanish midcap CAF has won a €51.3 million contract in Germany to supply 9 three-car light rail vehicles for the Schönbuchbahn and their maintenance over 19 years, with the option to request up to an additional 19 trains. The contract will strengthen CAF’s position and reputation in a key strategic market niche.
MADRID | This new project reinforces the global strategy of the company, with a backlog at the first quarter end of this year amounting to €4.87 billion, with more than 85% exports.
Two new contract awards to CAF in Brazil. The aggregate of both contracts amounts to a turnover in excess of €80 million.
Helsinki City Transport announced Wednesday it is acquiring new trains for its West Metro under a €140.4 million contract with CAF. The accord includes an option to extend the deal to the East Metro, too.
GUIPÚZCOA | Australia’s minister for Transport Gladys Berejiklian announced CAF has been selected for the $20 million contract for the supply of new vehicles to run on the Inner West Light Rail Extension. The project is due to be completed in 2014. The new light rail vehicles will operate on the Inner West Extension and integrate with the rest of the light rail network. “The Spanish company Construcciones y Auxiliar…