Belgian court overrules Alstom's appeal of SNCB's pick for 1.7 billion euro trains deal

Core Points - Belgium's top administrative court rejected Alstom's request to suspend SNCB's decision to appoint CAF as the preferred supplier for the AM30 train contract [1][2] - The court found that Alstom's criticisms regarding the legality of the appointment were not serious [1] - Alstom expressed disappointment over the court's decision and stated that their arguments were not considered [2] Company Impact - The SNCB tender is significant for Alstom, as it could determine the future of its Bruges facility, which is at risk of restructuring and potential closure [3] - The initial batch of the SNCB contract is valued at 1.7 billion euros ($2 billion), with optional batches that could increase the total contract value to 5 billion euros [3] - Earlier in the month, the court also rejected a separate appeal from Siemens against SNCB's decision [3]