Sale of Business Unit
Titagarh Firema S.p.A. sells business unit to Fabbrica Italiana Treni for EUR 66.095M
Titagarh's overseas associate Titagarh Firema SpA completed transfer of a business unit to Fabbrica Italiana Treni S.p.A for EUR 66,095,000; proceeds will pay Firema's secured and unsecured creditors under the Naples court process, with no change in shareholding and no impact on Titagarh Rail Systems' operations.





