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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