Economy

The base order includes 15 multi-system locomotives and eight years of full-service maintenance. The maximum contract value amounts up to 370 million euros.

The proceeds from the Piazza Affari sale will be used to pay down debt and would reduce CEREIT’s gearing ratio by 2.1% to 37.2%.

For the completion of the Skourion mining project, an additional investment of €845 million will be required.