Alstom to take account of weak Bombardier results in deal talks
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August 10, 2020 - by reuters for www.investing.com
French transport infrastructure company Alstom (PA:ALSO) said on Monday that it would take into account Bombardier's (TO:BBDb) weak results earlier this month as it continues with plans to buy the Canadian company's rail business.
In July, Alstom secured European Union antitrust approval to acquire the Bombardier rail business, in a deal worth up to 6.2 billion euros ($7.30 billion), aimed at making Alstom the world's second-largest rail maker after China's CRRC Corp (SS:601766).
Earlier this month, Bombardier reported a quarterly loss of $319 million.
"However, the quarterly announcement points to unexpected and negative developments regarding Bombardier...
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