MONTRÉAL, July 31, 2020 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) and Alstom welcome the European Commission’s decision for conditional clearance of the proposed acquisition of Bombardier Transportation by Alstom. The Commission’s approval for the transaction is conditional on certain proposed engagements that consist of:
The divestitures will be done in compliance with all applicable social processes and consultations with employee representatives' bodies. The transaction remains subject to further regulatory approvals in several other jurisdictions and customary closing conditions. The closing of the transaction is expected for 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
Head of External Communications and Public Affairs
Bombardier Transportation
press@rail.bombardier.com
Jessica McDonald
Advisor, Media Relations
Bombardier Inc.
+514 861 9481
jessica.mcdonald@bombardier.com
Patrick Ghoche
Vice President, Corporate Strategy and Investor Relations
Bombardier Inc.
+514 861 5727