Newag falls after it ends high-speed train deal with Siemens Mobility
10/06/2026 08:36
BUZZ-Newag falls after it ends high-speed train deal with Siemens Mobility ** Shares in Newag NWGP.WA fall as much as 4.8% after the Polish train manufacturer terminated a memorandum of understanding over cooperation with Siemens Mobility for a high-speed train tender
** Trigon analyst Lukasz Rudnik says the news is negative as Newag must find a new consortium partner with high-speed vehicle experience to participate in the tender by Polish operator PKP Intercity, and potential partners are limited
** The move raises uncertainty over Newag's ability to participate in the tender, with a June 15 deadline for preliminary applications approaching
** As of 0719 GMT, the stock pared some of its losses, trading 2.7% lower than its last close
(Reporting by Alicja Surdy)
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