Alstom to buy Bombardier’s train division for €6bn
Deal follows failed Alstom-Siemens combination
17 February 2020 - 21:00
Montreal — France’s Alstom said on Monday it had agreed to buy the train division of Canada’s Bombardier for up to €6.2bn, in the latest bid by Western rail companies to bulk up in the face of Chinese competition.
Alstom, the maker of TGV bullet trains that run between French cities such as Paris and Nice, said it would pay a mix of cash and new shares for the deal, adding the combined businesses were complementary geographically...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.