Bombardier to sell train-making multiplication to French multinational Alstom: report

Bombardier Inc. has reached a rough understanding to sell a travel multiplication to Paris-based Alstom SA for some-more than $7 billion US, a Wall Street Journal reported on Sunday.

The newspaper, citing unnamed sources informed with a details, said a understanding could be announced as early as Monday.

It also pronounced Quebec’s grant account manager, the Caisse de dépôt et placement, will sell a 32.5 per cent interest in Bombardier’s sight section to Alstom and buy a minority interest in a total sight company.

Bombardier has around $7 billion of debt entrance due by 2025 and has been offered resources in new years to stabilise a financial position. 

Last week, a company announced a sale of a remaining blurb aviation project, a minority position in Airbus’s A220.

If a sale of a travel multiplication goes ahead, it would leave Bombardier with usually a business-jet unit.

Bombardier Transportation employs around 1,000 people in Quebec, especially during a bureau in La Pocatière, and 3,000 people in a rest of Canada. It has plants in Thunder Bay and Kingston, and offices in Vancouver and Mississauga.

A orator for Quebec’s economy minister, Pierre Fitzgibbon, pronounced he would respond “when it’s official.”

Article source: https://www.cbc.ca/news/canada/montreal/bombardier-to-sell-train-making-division-to-french-multinational-alstom-report-1.5465925?cmp=rss