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Alstom: massive fundraising to buy Bombardier

2020-11-17T14:57:40.425Z


The French group is launching a capital increase of 2 billion euros on the Paris Stock Exchange.The acquisition of Bombardier Transport by Alstom is “in the home stretch”, to use the expression of Henri Poupart-Lafarge, CEO of the French group. The manufacturer of the TGV entered, Monday, November 16, in the thick of the subject of the financing of this strategic operation which should give birth to the world number two in railway construction with 15.5 billion euros in turnover, a book orde


The acquisition of Bombardier Transport by Alstom is

“in the home stretch”,

to use the expression of Henri Poupart-Lafarge, CEO of the French group.

The manufacturer of the TGV entered, Monday, November 16, in the thick of the subject of the financing of this strategic operation which should give birth to the world number two in railway construction with 15.5 billion euros in turnover, a book orders of over 75 billion and 76,000 employees.

At the end of October, Alstom shareholders gave the green light to the operation, which will be financed through a bond issue of 200 million and two capital increases.

Read also:

The European champion Alstom-Bombardier soon on the rails

The group launched yesterday the first fundraising

"with maintenance of preferential subscription rights, amounting to approximately 2 billion euros", issue

premium included.

It will involve

"the issuance of 68 million new shares at a subscription price of 29.50 euros per share",

specifies Alstom.

The offer will be open

"in France only"

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Source: lefigaro

All business articles on 2020-11-17

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