Talks on a Bombardier-Alstom Tie-Up Are Ongoing, According To a Person With Knowledge Of The Matter
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January 10, 2020 - by Christopher Jasper and Paula Sambo Bloomberg for financialpost.com
Talks on a Bombardier-Alstom tie-up, which Bloomberg reported on Jan. 22, are ongoing, according to a person with knowledge of the matter. Bombardier management is still discussing the details of the transaction and debating whether to proceed, the person said.
A representative for Bombardier declined to comment on the possibility of a deal at the rail or jet unit or the rise of China.
The EU already nixed a deal between Alstom and the rail arm of Germany's Siemens AG, with which the Canadian company had previously held talks, ruling it would undermine competition in signaling and high-speed trains.
Bombardier Inc. floundered when it developed a plane to nip at the heels of Boeing Co. and Airbus SE. Now, as the company decides whether to bet its future on private jets or trains, the rail division faces a growing threat from another giant: China...
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