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Reading: Belgian court overrules Alstom’s appeal of SNCB’s pick for 1.7 billion euro trains deal
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24x7Report > Blog > Finance > Belgian court overrules Alstom’s appeal of SNCB’s pick for 1.7 billion euro trains deal
Finance

Belgian court overrules Alstom’s appeal of SNCB’s pick for 1.7 billion euro trains deal

Last updated: 2025/09/26 at 1:19 AM
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Belgian court overrules Alstom's appeal of SNCB's pick for 1.7 billion euro trains deal
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By Alban Kacher

(Reuters) -Belgium’s prime administrative courtroom on Wednesday rejected Alstom’s request to droop nationwide rail operator SNCB’s choice to call CAF as the popular provider for its AM30 prepare contract.

“The Council of State estimates, after an interim evaluate, that not one of the criticisms made by the corporate difficult the legality of this appointment choice had been critical,” it stated in an announcement.

CAF was appointed as the popular bidder in opposition to French trainmaker Alstom and Siemens of Germany on the finish of February.

In April, the courtroom suspended the order following Alstom’s enchantment in opposition to the choice.

“We’re disenchanted by this choice and by the truth that our arguments haven’t been taken under consideration. We don’t want to talk additional on this topic,” Alstom stated in an emailed response to Reuters.

The order performs an important position in figuring out the way forward for Alstom’s Bruges facility, which faces the specter of restructuring and doable closure.

SNCB’s tender, the largest the corporate has positioned, consists of a primary batch valued at 1.7 billion euros ($2 billion), with optionally available batches doubtlessly bringing the whole contract worth to five billion euros.

Earlier this month, the Council rejected Siemens’ separate enchantment in opposition to SNCB’s choice.

($1 = 0.8518 euros)

See also  General Fusion to go public in US via $1 billion SPAC deal

(Reporting by Alban Kacher; Modifying by Kirsten Donovan)

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TAGGED: Alstoms, Appeal, Belgian, Billion, Court, Deal, Euro, overrules, pick, SNCBs, trains

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