Bombardier announced Monday, February 17, an agreement to acquire by Alstom its Bombardier Transportation division, specializing in railway construction, for an enterprise value of $ 8.2 billion (7.45 billion euros). Information confirmed by the French group, also by press release. The latter announced its intention to acquire the rail division of Bombardier for a price between 5.8 and 6.2 billion euros.
Read also: Alstom confirms discussions with Bombardier in the rail sector
The Canadian group says it wants to refocus on its business aviation activity and use the proceeds of the divestment to accelerate its deleveraging. At the end of the transaction, which must be completed in the first half of 2021 subject to the green light from the regulatory authorities, the Caisse de depot et placement du Quebec will become Alstom's main shareholder, adds Bombardier.
Read also: Alstom: this French flagship of the railway in 8 figures
