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The current CEO is Patrick Kron , who succeeded Pierre Bilger . FINANCIAL INFORMATION Alstom has been listed on the Paris Stock Exchange since 22nd June 1998. The Group is no longer listed on the London Stock Exchange since the 17th November 2003, nor on the New York Stock Exchange since August 2004. When the markets closed on 31 December , 2005 , its Market Capitalization was € 6.7 billion. HISTORY The name of the company derives from the French region of Alsace and the surname of the engineer Elihu Thomson . The company always writes it in capitals, ALSTOM, even though it is not an Acronym . Alsthom It was formed in 1928 from three companies: Alsacienne Société, Compagnie Générale d'Electricité and Thomson Houston . GEC Alsthom It was formed in 1988 from the heavy engineering interests of Britain's GEC and Compagnie Générale D'Electricité 's (CGE) Alsthom division as GEC Alsthom. In 1991 CGE adopted the name '''Alcatel Alsthom''' and in 1998 this became simply Alcatel . Alstom In December 1997 GEC Alsthom had its initial public offering as Alstom. GEC and Alcatel maintained 24% shares in the new company. Shares were initially at a price roughly equivalent to 32 euros. Between January and February 2001 interests. In January 2004 these were transferred to Areva . In March 2006 the Power Conversion Business, formerly Cegelec, was bought by Barcleys Equity Holdings. The Power Conversion Buiness, which deals in projects and hardware to convert electrical power to mechanical movement, now trades as Converteam . PRODUCTS Alstom's products include:
Power Business:
Power Conversion Business: SEE ALSO EXTERNAL LINKS |
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