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Alstom Eyes EU Backing for Bombardier Deal by End of July (1)

July 22, 2020, 10:16 AM

(Updates with CEO comments on TGV, potential buyer of Reichshoffen plant)

Alstom CEO Henri Poupart-Lafarge tells lawmakers on Wednesday he hopes the European Commission will give the green light for its acquisition of Bombardier Inc.’s rail-transport business by the end of this month.

  • The deal is “on a good path,” he says before the National Assembly economic affairs committee
  • CEO says will try to get good deal for Reichshoffen plant, which Alstom has offered to sell as part of concessions to the regulator
    • Reichshoffen plant generates around 700 jobs
  • Says it’s too early to say who the Reichshoffen plant buyer ...