Alstom-Bombardier merger date revealed

THE purchase of Bombardier by Alstom is set to be completed within two months.

Alstom said ‘all necessary regulatory approvals’ have now been received, which means the transaction can go ahead on 29 January.

The price for the acquisition of 100 per cent of Bombardier Transportation shares will be €5.8bn to €6.2bn, which will be paid via a combination of cash and new Alstom shares.’

Speaking earlier this year, Alstom chairman and CEO Henri Poupart-Lafarge had said: ‘This acquisition will improve our global reach and our ability to respond to the ever-increasing need for sustainable mobility.

‘Bombardier Transportation will bring to Alstom complementary geographical presence and industrial footprint in growing markets, as well as additional technological platforms. It will significantly increase our innovation capabilities to lead smart and green innovation.’