 "Alstom reaches preliminary deal to buy Bombardier train unit - WSJ")
(Reuters) - Alstom SA has reached a preliminary deal to buy Bombardier Inc’s train business for more than $7 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Quebec pension giant Caisse de dépôt et placement, which owns a 32.5% stake in Bombardier’s train unit, has agreed to sell its stake to Alstom and buy a minority stake in the combined train company, the report added https://on.wsj.com/2wh5tMB.
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(Reporting by Rama Venkat in Bengaluru; Editing by Andrew Heavens)
This story has not been edited by Firstpost staff and is generated by auto-feed.
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