French Alstom To Purchase Bombardier Transportation, Price Could Exceed $ 7B

French concern Alstom is in talks with Canadian engineering company Bombardier Inc.. The companies are discussing purchase of Bombardier Transportation, the company said in a statement.

Alstom confirmed last week’s media reports about the French company’s preparation for the purchase of Bombardier’s railway rolling stock business. At the same time, according to unofficial data, the transaction value may amount to more than $ 7 billion.

« Discussions are ongoing. No final decision has been made. Alstom will inform the public about any significant changes in this regard, » the company said.

Alstom is engaged in the production and transmission of electricity, the development of railway infrastructure. The company occupies one of the leading positions in the development of innovative and environmentally friendly technologies; present in more than 60 countries. The number of employees is about 36.3 thousand people.

Bombardier Inc. is a Canadian corporation, one of the world leaders in the production and offering of innovative solutions in the field of transport, from civilian passenger and business class aircraft to rolling stock and equipment for rail transport. The company was founded in 1942.

source: bloomberg.com

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