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Alstom To Stick To Terms Of Rail Deal With Bombardier

 |  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.

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

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