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Last Updated : Feb 17, 2020 08:28 AM IST | Source: Reuters

Alstom reaches preliminary deal to buy Bombardier train unit: Report

Quebec pension giant Caisse de dépôt et placement, which owns a 32.5% stake in Bombardier's train unit, has agreed to sell its stake to Alstom and buy a minority stake in the combined train company, the report added.

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.

Quebec pension giant Caisse de dépôt et placement, which owns a 32.5% stake in Bombardier's train unit, has agreed to sell its stake to Alstom and buy a minority stake in the combined train company, the report added.

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First Published on Feb 17, 2020 08:18 am
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