Alstom to buy Bombardier rail unit for up to $6.7 billion

Alstom to buy Bombardier rail unit for up to $6.7 billion

French train maker Alstom SA said Monday that it has signed an agreement to acquire Bombardier’s rail business for between $6.3 billion and $6.7 billion. The acquisition will improve Alstom’s ’global reach’ and its ability to respond to the growing demand for ’sustainable mobility,’ particularly in Europe, according to a company statement.

Chris
Chris
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