MONTRÉAL, July 09, 2020 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) confirmed its support of the commitments announced by Alstom earlier today to address potential concerns raised by the European Commission in relation to Alstom’s acquisition of Bombardier Transportation, including the disposition of certain assets currently held by Bombardier Transportation. Commitments to be submitted to the European Commission include:
These proposed commitments are subject to the European Commission’s approval, and any disposition will be done in compliance with all required social processes and consultations with appropriate employee representative bodies.
Bombardier also reaffirmed that the sale of Bombardier Transportation to Alstom remains on track to close in the first half of 2021.
About Bombardier
With nearly 60,000 employees across two business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.
Headquartered in Montréal, Canada, Bombardier has production and engineering sites in over 25 countries across the segments of Aviation and Transportation. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2019, Bombardier posted revenues of $15.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
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For Information | |
Eric Prud’Homme | Luna Dansereau |
Head of External Communications & Public Affairs | Communications Agent |
Bombardier Transportation | Bombardier Inc. |
press@rail.bombardier.com | +1 514 861 9481 Ext. 20227 |
Luna.dansereau@bombardier.com |