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French conglomerate Alstom to sell stake in bullet train unit

(Source: Wall Street Journal, November 6, 2013)

PARIS — French bullet-train maker Alstom SA said Wednesday it plans to sell a stake in its rail unit and "other non-strategic assets" to raise between €1 billion ($1.35 billion) and €2 billion and lay off workers across Europe as it seeks to cope with falling demand.

Full story: Wall Street Journal

Wednesday, November 6, 2013

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