Do you want to remove all your recent searches?

All recent searches will be deleted

Bouygues Takes $1.9 Billion Write-down On Alstom Stake

4 years ago5 views



French conglomerate Bouygues will write down the value of its stake in train and turbine maker Alstom by $1.9 billion, to reflect its weaker cash flow forecasts and depressed market value. The move cuts the stake's value in Bouygues' balance sheet by about 31 percent to 3.08 billion euros. The construction-to-telecoms conglomerate said on Monday that the write-down will appear in fourth-quarter financial statements, and will have no impact on Bouygues' cash position or operating performance,