Brief: FNM Issues Guidelines For 2021-2025 Business Plan

FNM SpA

25/11/2020 17:34

Nov 25 (Reuters) - FNM SpA  FNMI.MI :
    * ISSUES 2021–2025 BUSINESS PLAN
    * 2021-2025 STRATEGIC PLAN, INCLUDING ECONOMIC AND FINANCIAL
PROJECTIONS FOR FIVE-YEAR PERIOD, WILL BE FINALISED IN FIRST
MONTHS OF 2021
    * BOARD APPROVES INVESTMENT TO BUY 6 ELECTRIC TRAINS FUELLED
BY
HYDROGEN FOR PRELIM PRICE OF OVER EUR 160 MILLION
    * HAS OPTION TO BUY 8 MORE ELECTRIC TRAINS FUELLED BY
HYDROGEN
    * BOARD APPROVES INVESTMENT OF ABOUT EUR 49 MILLION FOR 7
ELECTRIC
TRAINS WITH PANTOGRAPH AND BATTERY POWER SUPPLY
    * SECOND INVESTMENT INCLUDES OPTION TO SUPPLY FURTHER 20
ELECTRIC
TRAINS FOR ADDITIONAL EUR 140 MILLION
    * IT IS PLANNED THAT THESE TRAINS, WITH DELIVERY SCHEDULED
FROM
2023 ONWARDS, WILL BE LEASED TO TRENORD
    * STARTED ANALYSIS OF FEASIBILITY OF HYDROGEN PRODUCTION
PLANTS TO
ACTIVATE RAIL SERVICE ALONG VALCAMONICA LINE

Source text for Eikon:  ID:nBIA58XKZS 
Further company coverage:  FNMI.MI 

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