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GE said to be lead bidder for part of $3.2 billion South African rail plan

(Source: Bloomberg, March 14, 2014)

NEW YORK -- General Electric Co. (GE) will probably be named preferred bidder to supply 465 diesel locomotives to South Africa’s state-owned Transnet SOC Ltd. as part of a $3.2 billion investment, according people familiar with the matter.

Full story: Bloomberg

Friday, March 14, 2014

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