Alstom to acquire Bombardier Transportation for €5.8-6.2 billion

Alstom has signed a Memorandum of Understanding to acquire Bombardier Transportation from Bombardier Inc. and CDPQ for €5.8 billion to €6.2 billion. CDPQ will reinvest proceeds and become Alstom's largest shareholder with about 18% stake.

“Alstom announces today that it has signed a Memorandum of Understanding with Bombardier Inc. and Caisse de dépôt et placement du Québec (“CDPQ”) in view of the acquisition of Bombardier Transportation.”alstom.com

• 2 sources
• alstom.comAcquisition of Bombardier Transportation: accelerating Alstom’s strategic roadmap | AlstomFeb 17, 2020
• cheshire-live.co.ukBombardier Transportation looks set to be taken over by Alstom | Cheshire LiveBelinda RyanFeb 18, 2020

Summarized from public sources; check the original articles before acting on it.