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In February, the French TGV high-speed train maker Alstom agreed to buy the rail division of Bombardier for up to 6.2 billion euros ($6.7 billion) in a cash-and-shares deal aimed at creating the ...
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 ...
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 June 2006, Bouygues acquired the French government's 21% holding in Alstom for €2 billion. [36] Later that year, Bouygues elected to increase its shareholding in the firm to 24%. [citation needed] Alstom-Ecotècnia wind turbines in Spain. In 2007, the TGV POS set the world speed record for rail vehicles of 574.8 kilometres per hour (357.2 ...
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.
During 2001, the works became part of Bombardier Transportation. After the closure of Alstom's Washwood Heath plant in 2005, Derby works became the only passenger rolling stock manufacturer in the UK. [1] [2] During mid-2011, Bombardier announced it was to cut 1,400 out of the 3,000 jobs at Derby. In November 2019, following the awarding of ...
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 ...
The Dandenong rolling stock factory was built by Commonwealth Engineering opening in 1954. [1] [2] In 1990, the plant was sold to ABB.[3] [4] It was included in the 1996 merger of ABB and the Daimler-Benz rail division, as Adtranz, [5] the 2000 takeover of Adtranz by Bombardier, [6] and the 2021 takeover of Bombardier by Alstom.