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CAF selected in UK for renewal of railway signalling in contracts valued at around €4,700M over 10 years

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Posted By: The Corner 11th April 2024

Renta 4| According to press reports, CAF has been selected along with other companies to renew the signalling and safety of the UK rail network. The selected companies are CAF together with the British company, AtkinsRealis, Alstom, Hitachi and Siemens. The total value of the contracts to be awarded amounts to around €4.7 billion over the next 10 years and will be progressively entrusted to the selected companies.

Assessment: This news is positive if confirmed, but difficult to quantify as it is not known how much of these contracts will be awarded to CAF in the next 10 years.

No impact is expected on the share price.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.