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Alstom Reaches Preliminary Deal To Buy Bombardier Train Unit - WSJ
Canada confident the C$372 million loan it gave Bombardier in 2017 will be repaid - government source
Quebec has very good chance of recuperating its C$1.3 billion investment in Airbus A220 program - Economy Minister
Alstom SA (Alstom) offers rail transport equipment, systems, services and signaling for urban, suburban, regional and main line passenger transportation, as well as for freight transportation. The Company's portfolio includes trains, signaling solutions, integrated systems (including infrastructure) and services. It offers Tramways, Metros, Suburban and regional trains, High-speed and very high-speed trains, Locomotives and Components. It offers Appitrack, which is an automated track-laying solution enabled to install urban tracks of approximately four times faster than with traditional methods. Alstom is responsible for the maintenance of over 8,000 cars (12,000 cars with PRASA) in approximately 100 warehouses in over 30 countries. It supplies railway operators and infrastructure managers with control and information systems, as well as onboard and on-track equipment. Its Mainline networks include ATLAS solution.
48, rue Albert Dhalenne
Chairman of the Board, Chief Executive Officer, President of the Executive Committee
Chief Financial Officer, Member of the Executive, Committee
Senior Vice President Legal, General Counsel, Member of the Executive Committee
Senior Vice President - Human Resources, Member of the Executive Committee
Senior Vice President - Alstom Digital Mobility, Member of the Executive Committee
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France's Alstom SA <ALSO.PA> is close to clinching a deal to buy Bombardier Inc's <BBDb.TO> train business which will give the unit an enterprise value of $7 billion(5.37 billion pounds), according to a source familiar with the matter.
Alstom SA has reached a preliminary deal to buy Bombardier Inc's train business for more than $7 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Alstom's <ALSO.PA> board will meet late on Wednesday to discuss buying Bombardier's <BBDb.TO> rail unit, sources familiar with the matter said, and a media report said the French train maker had valued the business at just under $7 billion (£5 billion).
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.
Bombardier <BBDb.TO> has approached France's Alstom <ALSO.PA> and Japan's Hitachi <6501.T> to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters.
French finance minister Bruno Le Maire said on Thursday a consolidation in the global railway industry would occur in the "coming years", amid speculation French company Alstom and Canada's Bombardier <BBDb.TO> would combine their rail businesses.
Shares in French train manufacturer maker Alstom <ALSO.PA> jumped 2% on Wednesday, hitting their highest in almost two years, after a report of a potential approach by its Canadian peer Bombardier <BBDb.TO> to combine the firm's rail business.
New York City Transit expects subway cars recently built by Bombardier Inc <BBDb.TO> to return to service this week, after an estimated 300 cars were yanked earlier in the month due to safety concerns, agency President Andy Byford said on Tuesday.
** French transport infrastructure group Alstom SA's Chief Executive Officer Henri Poupart-Lafarge has been approached a few weeks ago to be the next CEO of carmaker Renault, France's BFM Business website reported on Friday.
Shares in French train manufacturer Alstom <ALSO.PA> fell on Thursday after its leading shareholder Bouygues <BOUY.PA> shed half its stake in a business that has become less compatible with its focus on construction and telecoms.
French transport infrastructure group Alstom <ALSO.PA> posted higher first quarter sales, helped by new contracts, although it reiterated that its full year results would show some signs of a slowdown.
French transport infrastructure group Alstom, whose planned tie-up with Siemens' rail arm was scrapped earlier this year, outlined a new strategy plan on Monday aimed at boosting its sales and profit for 2022-2023.
French trainmaker Alstom has filed an appeal against Berlin transport operator BVG's decision to order 1,500 subway trains from Stadler , German broadcaster rbb reported on Monday.
Industrial conglomerate Siemens is not under pressure to present alternative options for its rail unit Siemens Mobility after plans to merge it with French peer Alstom failed earlier this year, Chief Executive Joe Kaeser said.
French transport infrastructure group Alstom, whose planned tie-up with Siemens' rail arm was scrapped earlier this year, posted a stronger annual profit on Tuesday, boosted by orders and contracts.
The African Development Bank Group said on Friday that two General Electric Co subsidiaries would be temporarily barred from bidding on power contracts as part of a settlement of misconduct cases.
Thyssenkrupp <TKAG.DE> downplayed concerns over antitrust scrutiny with regard to its planned joint venture with Tata Steel <TISC.NS>, saying it could not be compared with a vetoed rail tie-up of Siemens <SIEGn.DE> and Alstom <ALSO.PA>.
Thyssenkrupp downplayed concerns over antitrust scrutiny with regard to its planned joint venture with Tata Steel, saying it could not be compared with a vetoed rail tie-up of Siemens and Alstom.
The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:
Siemens and Alstom's plan to create a European rail champion collapsed on Wednesday after EU regulators blocked the deal, prompting Germany and France to call for an overhaul of EU competition policy to better meet global challenges.
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