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Alstom signs agreement for acquisition of Bombardier Transportation [free access]

September 16, 2020

Alstom has signed the sale and purchase agreement with Bombardier Inc. and Caisse de dépôt et placement du Québec (CDPQ) for the acquisition of Bombardier Transportation. The transaction is expected to be completed in the first quarter of 2021, subject to regulatory approvals and customary conditions.

 

The adapted terms of the agreement include a EUR300 million reduction in the price range from the initial EUR5.8 billion–EUR6.2 billion to EUR5.5 billion–EUR5.9 billion, excluding any further downward adjustments linked to the net cash protection mechanism. The financing structure remains unaltered, with CDPQ to become the largest shareholder of Alstom with approximately 18 per cent of the share capital and voting rights.

 

(1 EUR [Euro] = 1.19 USD)