February 12, 2020 / 2:25 PM / 4 days ago

Alstom board meeting to decide on bid for Bombardier rail business - source

PARIS, Feb 12 (Reuters) - French train maker Alstom’s board will meet on Wednesday evening to decide on a possible offer for the rail business of Canada’s Bombardier , a source familiar with the situation told Reuters.

French TV station BFM reported earlier on its website that Alstom is set to make a firm offer for the Bombardier unit, valuing it at just under $7 billion.

Alstom and Bombardier declined to comment. (Reporting by Maya Nikolaeva and Allison Lampert Writing by Geert De Clercq)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below