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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 ...
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 ...
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 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.
The next day, Alstom's board backed GE's revised bid. [86] [87] On 22 June, the French state agreed terms with Bouygues, buying a 20% stake in Alstom from Bouygues at a 2–5% discount on a minimum value of ≈€35 per share. [note 2] [88] [89] [90] Initially, the acquisition was expected to be finalised by early 2015. [88]
The license to use the technology has also passed hands several times, from Westinghouse to AEG in 1988, to Adtranz in 1996, to Bombardier Transportation in 2001, [1] and most recently to Alstom in 2021.
PARIS/MONTREAL (Reuters) - Shares of Alstom SA and Bombardier Inc fell on Tuesday after the French firm agreed to buy its Canadian rival's rail division for up to 6.2 billion euros ($6.7 billion ...
The first units were delivered by Bombardier in 2006 for New Jersey Transit and Montreal's Exo. Over 643 have been delivered in various orders, including a later purchase by Maryland's MARC. NJ Transit later ordered an additional 113 cars in 2021 from Alstom, which purchased Bombardier.