Finmeccanica holding discussions with General Electric over sale of Ansaldo Breda and Ansaldo STS
Listed Italian defence group Finmeccanica is in talks with General Electric to sell its rolling stock manufacturing subsidiary Ansaldo Breda, and a 40% stake in railway signalling company Ansaldo STS. An unsourced report in the Italian language daily Il Corriere della Sera claimed that Finmeccanica's general manager Sergio de Luca had been mandated to hold the talks.
The report said that General Electric is mainly interested in Ansaldo STS so plans to move the unprofitable parts of Ansaldo Breda into a bad company are still going ahead.
A previous report said that Hitachi is also believed to be interested in Finmeccanica's railway operations.
Source Il Corriere della Sera