Deals of the day-Mergers and acquisitions
June 28 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
MILAN Dec 12 Italy's railways group has agreed to buy a 36.7 percent stake in M5, the operator of Milan's metro line 5, from general contractor Astaldi.
State controlled Ferrovie dello Stato (IPO-FERRO.MI) said on Monday it would pay 64.5 million euros ($68.3 million) for the shareholding in M5, adding Astaldi would retain a 2 percent stake.
The investment, the first foray of Ferrovie into subway infrastructure, is coherent with the group's strategy to link up different networks to improve public transport and mobility in large urban area and elsewhere, the group said.
($1 = 0.9439 euros) (Reporting by Francesca Landini)
U.S. HOMELAND SECURITY SECRETARY JOHN KELLY CONFIRMS U.S. IMPOSING ENHANCED SECURITY MEASURES ON ALL U.S.-BOUND FOREIGN FLIGHTS
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