Finmeccanica receives four non-binding offers for railway units

MILAN: Italian defence group Finmeccanica has received four non-binding offers for its railway units Ansaldo STS and AnsaldoBreda, a spokesman said on Tuesday, confirming comments made by the group's CEO.

The bids come from Spain's CAF, a consortium comprising China CNR Corporation and Insigma, Hitachi and Thales, the spokesman said, reiterating what CEO Mauro Moretti said late on Monday.

"I confirm the comments," the spokesman said.

A source close to the matter said a board meeting would probably be held towards the end of September to decide which groups would be allowed to enter into exclusive talks to formulate binding offers.