A PYMNTS Company

Alstom To Stick To Terms Of Rail Deal With Bombardier

By  |  May 12, 2020

Alstom plans to stick to the terms of its previously-agreed rail deal with Bombardier, Chairman and Chief Executive Henri Poupart-Lafarge said on a conference call on Tuesday, May 12.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In February, the French TGV high-speed train maker Alstom agreed to buy the rail division of Bombardier for up to €6.2 billion (US$6.7 billion) in a cash-and-shares deal aimed at creating the world’s No. 2 train manufacturer and a challenger to Chinese leader CRRC.

    Alstom added on Tuesday that it hoped to close its deal with Bombardier, which is subject to regulatory clearance, in the first half of 2021.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.