French train maker Alstom has confirmed it is in talks on the possible acquisiti...
), a potential $7 billion deal that could help it build scale in the increasingly competitive rail sector.
A source familiar with the matter had told Reuters on Sunday that Alstom was close to agreeing to buy Bombardier’s train business in a deal giving the unit a value of $7 billion on an enterprise basis combining equity and debt.Train makers are eyeing consolidation to reduce costs through scale and improve thin rolling stock margins as they face competition from CRRC.
A potential agreement with Bombardier would unite companies with an estimated $17 billion in combined revenues.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alstom confirms talks underway to buy Bombardier TransportationFrench transport infrastructure company Alstom said on Monday it was in talks ov...
Read more »
Alstom Reaches Preliminary Deal to Buy Bombardier Train UnitFrench train giant Alstom has reached a preliminary deal to acquire Bombardier’s train business in a deal that values the unit at more than $7 billion.
Read more »
France's Alstom set to buy Bombardier train unitFrench train giant Alstom SA has reached a preliminary deal to acquire Bombardier Inc.'s train business for more that $7 billion, according to people familiar with the matter. If terms are completed, the deal could be announced as early as Monday, according to these people. Paris-based Alstom is expected to acquire the business from Montreal-based Bombardier using mostly cash and some stock, according to these people.
Read more »
James Charles Buys $7 Million L.A. Starter HomeIt’s a new decade, a new chapter, and James Charles is officially turning the page. The beauty guru is leaving the highly-publicized dramatics of 2019 in the rearview mirror, sister scrubbing…
Read more »
Alstom nears deal to buy Bombardier's train unit: sourceFrance's Alstom SA is close to clinching a deal to buy Bombardier Inc'...
Read more »