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Alstom reaches preliminary deal to buy Bombardier train unit – WSJ


© Reuters. Alstom reaches preliminary deal to buy Bombardier train unit – WSJ

(Reuters) – Alstom SA (PA:) has reached a preliminary deal to buy Bombardier Inc’s (TO:) 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 https://on.wsj.com/2wh5tMB.

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