Sale of A-Train completed
Sale of A-Train completed The sale by NCC, Vattenfall, Alstom and Mowlem of all of the shares in A-Train to Macquarie Bank was finalized today. A-Banan Projekt AB, the Swedish government's holding company, and the lenders have now approved the sale. Macquarie Bank will take over A-Train and account for the company's future operation. A-Train operates Arlanda Express, the express rail service between Stockholm Central Station and Stockholm Arlanda Airport. A-Train, whose traffic operations were launched in November 1999, had at the end of December 2003 about 180 employees. In 2002, Arlanda Express carried approximately 2.4 million passengers. Since its launch A-Train has continuously increased its market share and is now recognised as the most reliable means of transport in Sweden. It is also the first company to satisfy the new European environmental requirements in accordance with Good Environmental Choice label. A-Train was Sweden's first privately financed infrastructure project. "The sale is in line with NCC's strategy of streamlining its operations. Right from the start, NCC has made it clear that its ownership interest in A-Train is not long term," says Staffan Bennerdt, Finance Director at NCC and until now Chairman of the Board of A-Train. For further information, please contact: Staffan Bennerdt, Finance Director NCC AB Tel +46 8 585 52105 or +46 70 513 6114 Greeg Nordqvist, Merger & acquisition Manager NCC AB Tel +46 8 585 52059 Gisela Lindstrand, Press Relations Manager NCC AB Tel +46 8 585 52346 or +46 70 392 9500 All of NCC's press releases are available on www.ncc.info NCC is one of the leading construction and property development companies in the Nordic region. NCC had in 2002 sales of SEK 45 billion, with 25,000 employees. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/15/20040115BIT20480/wkr0001.pdf