Alstom Buys Bombardier Transportation for Seven Billion Euros (US$7 Billion - CDN$10 Billion)
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As previously announced first on Fliegerfaust, February 6, 2020, Bombardier is entirely selling its Transportation division to Alstom, as written in this article by Sylvain Faust ----->: https://www.fliegerfaust.com/bombardier--2645048156.html
The entire Bombardier railway business is to be in the hands of the French. The deal is scheduled to be officially made on Thursday.
Düsseldorf According to information from industrial circles, the French railway technology manufacturer Alstom buys the entire railway business from Bombardier . The transaction is expected to be announced on Thursday morning.
Alstom will take over the worldwide railway business of the Canadians, whose headquarters are in Berlin, for seven billion euros.
This creates a new large railway technology group with a turnover of around 15 billion euros. Alstom had failed just a year ago due to concerns from the European Competition Commission trying to merge with Siemens Mobility...