MONTREAL: Bombardier confirmed the closing of the previously announced sale of its transportation business to Alstom. Total proceeds to the vendors after the deduction of debt-like items and transferred liabilities are $6.0 billion. After deducting la Caisse de dépôt et placement du Québec equity position of $2.5 billion, transaction costs, and including the impact from…
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Bombardier and Alstom sign definitive agreement for sale of transportation business
MONTREAL: Bombardier announced that it has signed a definitive Sale and Purchase Agreement (SPA), with Alstom SA and the Caisse de dépôt et placement du Québec (la Caisse) for the sale of its transportation business to Alstom. Under the SPA, Bombardier and la Caisse will sell their interests in Bombardier Transportation to Alstom on the…