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In February 2020, Alstom agreed to buy the Bombardier Transportation division and signed a memorandum of understanding to do so, for between €5.8 billion and €6.2 billion. The deal required approval by Alstom shareholders at a meeting held in October 2020, as well as approval by European regulators.
PARIS/MONTREAL (Reuters) - France's Alstom SA has agreed to buy the rail division of Canada's Bombardier Inc for up to 6.2 billion euros ($6.7 billion) to create the world's No. 2 train ...
Quebec pension giant Caisse de dépôt et placement, which owns a 32.5% stake in Bombardier's train unit, has agreed to sell its stake to Alstom and buy a minority stake in the combined train ...
In February, the French TGV high-speed train maker Alstom agreed to buy the rail division of Bombardier for up to 6.2 billion euros ($6.7 billion) in a cash-and-shares deal aimed at creating the ...
During 2001, the works became part of Bombardier Transportation. After the closure of Alstom's Washwood Heath plant in 2005, Derby works became the only passenger rolling stock manufacturer in the UK. [1] [2] During mid-2011, Bombardier announced it was to cut 1,400 out of the 3,000 jobs at Derby. In November 2019, following the awarding of ...
On 5 May, GE offered to buy one-fourth of the shares in Alstom's Indian power and distribution companies – Alstom T&D India and Alstom India – at 261.25 and 382.20 rupees a share (value US$278 million and $111 million respectively) subject to its bid for Alstom SA being successful. [74]
Alstom's bid in February of up to 6.2 billion euros ($7 billion) for Montreal-based Bombardier's rail business has faced scrutiny from EU antitrust authorities, which have been expected to demand ...
Bombardier Inc. (French pronunciation: [bɔ̃baʁdje]) is a Canadian business jet manufacturer. [2] Headquartered in Montreal, the company was founded in 1942 by Joseph-Armand Bombardier to market his snowmobiles and became one of the world's biggest producers of aircraft and trains.