French train giant Alstom SA has reached a preliminary pact to acquire Bombardier Inc.’s train business in a deal that values the unit at more than $7 billion, according to people familiar with the matter, the latest effort by Alstom to gain scale amid the prospect of increased competition from China’s state-owned CRRC, the world’s largest rail supplier.
The deal is also the latest move by Canada’s Bombardier to dramatically shrink its business after production problems and order delays in its core train unit and rising...
So can we Canadians get back our subsidies. Before you sign our money away.
walterarseneau1 The real value of Bombardier Rail is a lot more then that! Read what's include:
railwaygazette Bombardier partnership with Hitachi for HS2 will no doubt be a factor in this too - one way or another..
Wow
JEWangLondon JEWangLondon it's actualy busines*
davidakin Ottawa bought the LRT trains from Alstrom.
Alstom compro a Bombardier.
It still faces massive EU scrutiny with Bombardier’s current Euro presence. The sale of their private jet holdings (Learjet & Challenger) to the US buyer would’ve gone much faster.