You can choose the size of the video you would like to embed below. Next, copy the embed code that is available in the box below. Paste this code on to your website to display the video.
If you experience problems embedding videos, please contact us.
February 17, 2014 AT 4:59 AM
French conglomerate Bouygues will write down the value of its stake in train and turbine maker Alstom by $1.9 billion, to reflect its weaker cash flow forecasts and depressed market value. The move cuts the stake's value in Bouygues' balance sheet by about 31 percent to 3.08 billion euros. The construction-to-telecoms conglomerate said on Monday that the write-down will appear in fourth-quarter financial statements, and will have no impact on Bouygues' cash position or operating performance,