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Alstom’s Bombardier Rail Deal Wins Conditional EU Approval (1)

July 31, 2020, 2:22 PM

Alstom SA won conditional European Union approval for its 6.2 billion euro ($7.3 billion) takeover of Bombardier Inc.’s rail-transport business.

The European Commission said Alstom’s offer to sell train production plants and exit a high-speed train project eliminated potential concerns about the deal, which creates the world’s second-biggest maker of train-related supplies after China’s CRRC Corp.

“Thanks to the comprehensive remedies offered to solve the competition concerns in the areas of very high-speed, mainline trains and mainline signaling, the commission has been able to speedily review and approve this transaction,” EU Antitrust Commissioner Margrethe Vestager said in an emailed ...