Alstom shareholders approve Siemens Mobility merger
All proposed resolutions related to the proposed merger of Alstom and Siemens Mobility were approved with majorities of more than 95% at Alstom’s special and combined shareholders’ meetings held in Paris on July 17.
All proposed resolutions related to the proposed merger of Alstom and Siemens Mobility were approved with majorities of more than 95% at Alstom’s special and combined shareholders’ meetings held in Paris on July 17.
The transaction is expected to be completed in the first half of 2019, subject to regulatory approval; the European Commission has launched an in-depth review under the EU merger regulation.
As part of the combination, Alstom shareholders at the close of the day preceding the closing date would receive two exceptional distributions: a control premium (Distribution A) of €4 per share, and an exceptional distribution (Distribution B) of up to €4 per share.
The shareholders approved the distribution of a dividend of €0·35 per share, up 40% compared to last year; the appointment of directors; the future board of the combined Siemens-Alstom; and the removal of double voting rights to revert to a ‘one share, one vote’ principle.
