Bombardier to sell rail business to Alstom in $8.4 billion dealChristian Fernsby ▼ | September 17, 2020
Bombardier announced that it has signed a definitive Sale and Purchase Agreement (SPA), with Alstom SA and the Caisse de dépôt et placement du Québec for the sale of its Transportation business to Alstom.
Alstom Bombardier rail
Topics: Bombardier Alstom
"Announcement marks a significant milestone towards achieving our near-term priorities and repositioning Bombardier as a pure-play business jet company,” said Éric Martel, President and Chief Executive Officer, Bombardier Inc. “The proceeds from this transaction will allow us to begin reshaping our capital structure and start addressing our balance sheet through debt paydown, so that we can achieve the full potential of our incredibly talented employees and our industry leading business jet portfolio.” ■