Alstom-Bombardier Deal

French rail giant Alstom SA is warning that problems at Bombardier’s train division may affect negotiations to buy it, but says it still plans to go ahead with the takeover deal. Alstom says that “negative developments” around the train unit’s operations and finances revealed in Bombardier’s quarterly earnings report last week have prompted the would-be […]

The European Commission (EC) has approved Alstom’s bid to take over rival Bombardier Transportation, a move which will create the second largest manufacturer in the rail sector behind CRRC, reported the Financial Times.  The acquisition has been approved subject to a number of conditions, including the divestment of Bombardier Transportation’s stake in the V300 Zefiro […]

EU antitrust regulators are set to approve Alstom’s Bombardier rail business after the French TGV high-speed train maker tweaked concessions aimed at allaying competition concerns about the deal, reported Reuters.  Alstom earlier this month offered to sell a French rail factory, its regional train unit Coradia Polyvalent, and a Bombardier commuter trains division and the […]

EU regulators have set a new deadline for a decision on whether to give the green light to plans by French train-maker Alstom to take over rival Bombardier Transportation. Last month, a filing on the European Commission’s website showed it had set itself a deadline of July 16 to make a decision on whether to […]

France’s TGV high-speed train maker Alstom on Thursday, July 9, offered to sell a French rail factory and make other concessions to win European Commission approval for its planned purchase of Bombardier’s  transportation business, reported Reuters.  The commitments also included selling Alstom’s regional train unit Coradia Polyvalent and divesting a Bombardier commuter trains division and […]