Form 6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of December 2003
Commission File Number: 1-14836
ALSTOM
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(Translation of registrant's name into English)
25, avenue Kléber, 75116 Paris, France
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(Address of principal executive offices)
Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F
Form 20-F X Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Yes No X
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Yes No X
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Indicate by check mark whether the Registrant, by furnishing the information
contained in this Form, is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the Registrant in
connection with Rule 12g3-2(b)
Enclosures:
Press release dated December 12, 2003, "During the Powergen
International Exhibition ALSTOM Announced Over €180 Million of
Orders"
Press release dated December 23, 2003, "Financing Package Fully
Implemented"
Press release dated January 9, 2004, "ALSTOM Completes the Sale of Its
Transmission and Distribution Activities to Areva"
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ALSTOM
Date: January 13, 2004 By: /s/ Philippe Jaffré
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Name: Philippe Jaffré
Title: Chief Financial Officer
12 December 2003
DURING THE POWERGEN INTERNATIONAL EXHIBITION ALSTOM
ANNOUNCED OVER €180 MILLION OF ORDERS
ALSTOM has recently won a series of Power generation contracts for a total value
more than €180 million from countries all over the world.
USA
ALSTOM has been awarded a contract for approximately €20 million from Bechtel
Power Corporation to supply a Dry Flue Gas Desulphurisation (DFGD) System for
Unit No. 3 of the Springerville Expansion Project in Springerville, Arizona. The
400 MW Unit will be owned and operated by the Tri-State Generation and
Transmission Association and operated by Tucson Electric Power (TEP). It is
scheduled to start-up in summer 2006 with project completion expected late 2006.
EUROPE
In Germany, ALSTOM has been awarded a contract by Grosskraftwerk Mannheim AG
(GKM) for the modernisation and conversion of Boiler #17 from natural gas to
bituminous coal. The total value of the contract is approximately €40 million.
Conversion work will begin in November 2004, and commissioning is expected by
summer 2005.
ALSTOM has also signed a long-term service agreement, worth approximately €9
million, with RWE Systems AG for the Ludwigshafen combined cycle power plant in
Germany. The exclusive agreement includes the supply of new and reconditioned
parts for the thermal block of the plant's two GT13E2 gas turbines until end
2006.
In Sweden, ALSTOM has been awarded a contract by Ringhals AB to retrofit units
1-1 and 1-2 at Ringhals Nuclear Power Plant. The contract is valued at
approximately €9 million. Delivery of both units is scheduled for summer 2005.
In the UK, ALSTOM has signed a contract, valued at around €8 million, with
Eggborough Power Ltd (a British Energy company), to supply a spare generator
stator at Eggborough power plant in East Yorkshire. This work is scheduled to
take approximately 18 months.
MIDDLE-EAST
ALSTOM has signed a contract, valued at around €40 million, with Alba Aluminium
Bahrain B.S.C. (ALBA) to supply six top-mounted combustor chambers equipped with
ALSTOM's advanced EV burner technology. The new combustors will be installed in
the customer's gas-fired, combined-cycle power plant, Power Station 3, at
Manama, Bahrain.
In the first phase of the project, upgrading of one gas turbine will be
completed by June 2004 after being performed during a scheduled major inspection
to keep downtime to a minimum. Five other upgrades will then be carried out on
the power station's remaining gas turbines - one or two being planned for
completion each year.
AFRICA
In South Africa, ALSTOM has been awarded a contract by Eskom, valued at around
€19 Million to rehabilitate the Unit 2 turbine generator at Duhva Power Plant in
Witbank. Work at site is scheduled to be completed by January 2004.
In Zambia, a consortium led by ALSTOM has been awarded a contract by ZESCO Ltd.,
the Electricity Supply Corporation of Zambia, to upgrade the generators at the
Kafue Gorge Hydro Power Station (6 x 168 MVA) located on the Kafue River, 100
kilometers south of the Zambian capital, Lusaka. The order is valued at
approximately €14 million.
Work is scheduled for completion in December 2005 and will increase the
generators' total output to 6 X 200MVA.
AUSTRALIA
ALSTOM has been awarded an order by Hydro Tasmania for the refurbishment of
Units 3 & 4 at Trevallyn Hydro Power Station in Launceston, Australia. The
order, valued at approximately €11 million, is to increase the output of each
unit from 25 MVA to 30,5 MVA / 375 rpm /11 kV. Trevallyn was completed in the
mid 1950's and has a nominal capacity of 80 MWs.
CHINA
ALSTOM has been awarded a contract for two 300 MW Circulating Fluidized Bed
boilers in the Yunan Province of South China. Because the CFBs are situated
nearly 4000 feet (1200 metres) above sea level and will burn lignite, the units
will be the largest CFBs ever constructed. When completed, the generation
facility will be known as the Kaiyuan power plant. The order value is
approximately €14 million.
Press relations: G. Tourvieille/S. Gagneraud
(Tel. +33 1 47 55 23 15)
Investor relations: E. Chatelain
(Tel. +33 1 47 55 25 33)
PRESS INFORMATION
UNITED STATES AND Canada PRESS RELEASE
23 December 2003
FINANCING PACKAGE FULLY IMPLEMENTED
ALSTOM announces the full implementation of the following elements comprised in
its financing package:
o The completion on 20 November 2003 of a €299.9 million capital increase
reserved for financial institutions. ALSTOM's shareholders were allocated
warrants free of charge allowing them to acquire the shares for the same
price subscribed to by these institutions (€1.25 per share) until 9 January
2004.
o The issuance on 23 December 2003 of €901.3 million of bonds reimbursable with
shares. €295 million was subscribed on an irreducible and reducible basis and
the remainder by the financial institutions that guaranteed the issue.
o The subscription by the French Republic on 23 December 2003 of €300 million
of subordinated bonds with a maturity of 20 years. This issue will be
automatically reimbursable with shares on the condition that the European
Commission approves this reimbursement with shares.
o The subscription by the French Republic on 23 December 2003 of €200 million
of subordinated bonds with a maturity of 15 years.
Contacts
Press relations: S. Gagneraud / G. Tourvieille
(Tel. +33 1 47 55 25 87)
internet.press@chq.alstom.com
Investor Relations: E. Chatelain
(Tel. + 33 1 47 55 25 78)
investor.relations@chq.alstom.com
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PRESS INFORMATION
This announcement does not constitute an offer to sell, or a solicitation of
offers to purchase or subscribe for, securities in the United States. The
securities referred to herein have not been, and will not be, registered under
the Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements. This notice is issued pursuant to rule 135c of the Securities Act
of 1933.
This communication is directed only at persons who (i) are outside the United
Kingdom or (ii) have professional experience in matters relating to investments
or (iii) are persons falling within Article 49(2)(a) to (d) ("high net worth
companies, unincorporated associations etc.") of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2001 (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons other than relevant persons. Any investment or
investment activity to which this communication relates is available only to
relevant persons and will be engaged in only with relevant persons.
Stabilisation activities, if any, will be conducted in accordance with
applicable laws and regulations.
9 January 2004
ALSTOM COMPLETES THE SALE OF ITS TRANSMISSION
AND DISTRIBUTION ACTIVITIES
TO AREVA
ALSTOM and Areva signed a binding agreement for the sale and purchase of
ALSTOM's Transmission & Distribution (T&D) businesses on 26th September 2003.
Pursuant to the authorisations received from the European Commission and from
the US anti-trust authorities, ALSTOM has now completed the sale of virtually
all of its T&D activities to Areva. These transactions cover the sale of
businesses in some 40 countries, which represent 95% of ALSTOM's T&D activities.
The transfer to Areva of the remaining T&D activities will be progressively
completed once the relevant local regulatory and other authorisations are
obtained.
The enterprise value of €950 million has been adjusted, as previously agreed, on
the basis of working capital and other cash related movements between signing
and completion of the transaction. The provisional estimate of these adjustments
is €30 million.
ALSTOM has received total net cash proceeds of € 815 million, and a further
€ 105 million has been paid to an escrow account by Areva. The escrowed amount
is expected to be released during the first half of calendar year 2004, as the
remaining T&D activities are transferred to Areva and the 31st of December 2003
audited accounts of T&D are finalised.
Pending their transfer to Areva, ALSTOM will continue to manage its remaining
T&D activities in consultation with Areva.
Press relations: G. Tourvieille/S. Gagneraud
(Tel. +33 1 47 55 23 15)
internet.press@chq.alstom.com
Investor relations: E. Chatelain
(Tel. +33 1 47 55 25 33)
investor.relations@chq.alstom.com