Hollande to try to save TGV train factory

2016-09-12 17:45

French President Francois Hollande will intervene to try to save the factory that made the country's first high-speed TGV train and is now under threat of closure.

Alstom fined record $772m over international bribery

2015-11-15 09:25

The US has fined French energy and transport giant Alstom $772m for bribing government officials in Indonesia, Egypt and several other countries to win business.

Prasa tender in jeopardy

2015-05-10 08:53

The massive R51m Prasa tender for new passenger carriages is in jeopardy due to local content requirements.

Eskom, Alstom part ways on Kusile

2015-03-20 14:10

Eskom’s aim to bring online its fleet of coal power stations has been dealt a further blow by the termination of its supplier's contract for Kusile power station.

Alstom assets ordered frozen in Brazil

2015-02-04 13:00

A Brazilian court has ordered the freezing of more than $104m in assets of French energy and transportation company Alstom as part of a corruption probe.

Alstom shares jump

2015-01-21 19:00

Shares in Alstom have jumped more than 3% after it confirmed its annual performance targets, with an 11% increase in transport sales in the last quarter.

US fines Alstom record $772m for bribery

2014-12-23 10:00

French industrial giant Alstom has admitted to bribing officials to win power and transportation projects from state-owned entities around the world.

Alstom to pay $700m in US bribery case

2014-12-17 18:14

French industrial giant Alstom has agreed to pay $700m to settle US corruption charges related to bribes in a few countries, says a source.

Alstom reports strong rail activities

2014-07-23 12:30

French engineering group Alstom has reported sales and order figures which fit its strategy of selling energy assets to focus on rail equipment.

France sells part of GDF Suez

2014-06-24 20:25

France has agreed to sell a 3.1% stake in gas utility GDF Suez and could sell up to 3.6% in order to finance the acquisition of a state participation in Alstom.


'Heartbeat' of Kusile Unit 1 nearing completion

2016-02-05 06:56

The “heartbeat” of Eskom’s Kusile Unit 1 is nearing completion, an important milestone in the coal power station’s journey to feed electricity into the grid.

Alstom in first half red after GE power deal

2015-11-08 15:31

French industrial group Alstom has swung into the red in the first half of the year, partly due to the ceding of power business assets to General Electric.

Eskom appoints new SA contractor for Kusile

2015-03-20 15:32

Eskom says it has appointed a new SA contractor to replace Alstom to execute the control and instrumentation works for the Kusile power station.

Alstom to build €61m geothermal plant

2015-02-11 19:00

Alstom will build a geothermal power plant in Indonesia under a €61m deal with a subsidiary of PT Pertamina, says the French industrial giant.

Eskom supplier says it’s not responsible for problems with boilers, lays blame at Eskom’s feet

2015-01-26 15:40

Investigative journalist Chris Yellend reports that Eskom’s boiled supplier, Mitsubishi Hitachi Power Systems Africa has delivered exactly what Eskom asked for.

Poland charges five in Alstom bribery case

2014-12-31 14:45

Polish prosecutors have charged five people in a corruption case involving contracts won by Alstom, days after the US fined the French firm giant a record penalty.

Alstom pleads guilty of global bribery

2014-12-22 20:30

The French firm Alstom SA has pleaded guilty and will pay $772m in criminal penalties to settle charges with the US justice department.

France approves takeover of Alstom energy assets

2014-11-05 15:45

The French government has authorised the sale of most of Alstom's energy assets to US group General Electric.

GE's bittersweet $16.8bn deal to buy Alstom

2014-06-25 09:24

General Electric has scored large in its win over Siemens to buy the energy arm of French industrial giant Alstom.

Alstom, GE celebrate 'three-fold win'

2014-06-24 19:44

The bosses of Alstom and General Electric have defended their tie-up as good for business, jobs and France.

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