Canada: Alstom values Bombardier’s rail unit at just under $7-billion, board discussing purchase: sources

By Maya Nikolaeva and Allison Lampert, Reuters, Financial Post; February 12, 2020

PARIS/MONTREAL — Alstom’s board will meet late on Wednesday to discuss buying Bombardier’s rail unit, sources familiar with the matter said, and a media report said the French train maker had valued the business at just under US$7 billion.

French TV station BFM reported on its website that Alstom was set to make a firm offer for Bombardier’s Berlin-based rail division.

Click here to read the full article.

Please share with others