Re: Goninans Sold

[David Bromage <dbromage@omni.com.au>]

Matthew Geier wrote:
> 
> In article <37b2ebff.7769580@news.enternet.com.au>,
> Yuri J Sos/Melbourne <steam4me@enternet.com.au> wrote:
> >The Age 11 August 1999, Business Section Page 6
> >
> >"Howard Smith finally sells off train maker"
> >
> >The deal will see United welcome in a new major shareholder in General
> >Electric, owner of Goninan's rail technology.  GE's private equity
> 
>  So GE puts down some cash to retain access to the Australian market. If
> rumours of EDI going for Gonnian had any basis, GE could have lost their
> Australian railway technology agent to rival EMD!

Prof Fels would never have allowed EDI (Clyde) to take over Goninan.

Cheers
David