Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Bombardier Said to Explore Combining Rail Unit With Alstom (2)

Jan. 22, 2020, 8:31 AM

Bombardier Inc., the embattled Canadian train and plane maker, is exploring a combination of its rail business with French rival Alstom SA, according to people familiar with the matter.

The two companies have held preliminary talks about a rail deal in the past few months, said the people, who asked not to be identified because the discussions are private. Representatives for Alstom and Bombardier declined to comment.

Alstom rose as much as 2.1% in early trading in Paris Wednesday. Bombardier ended 5.7% higher in Toronto Tuesday, giving the company a value of C$3.18 billion ($2.43 billion).

The latest ...