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Hitachi to pay 9.5 euros per Ansaldo share

Staff writer |
Hitachi will pay Finmeccanica 9.5 euros per share in the Italian firm's rail business Ansaldo STS after a dividend distribution adjustment to a previously agreed deal, the companies said in a joint statement.

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Last month, Finmeccanica agreed to sell its rail business to Hitachi as the Italian aerospace and defense group seeks to cut debt and focus on its core business. You can read the announcement here.

The companies agreed at the time that Hitachi would pay 9.65 euros for each Ansaldo STS share, but that figure will be adjusted after the board of Ansaldo proposed paying out a dividend on 2014 earnings of 0.15 euros a share.

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