Alstom plans to stick to the terms of its previously-agreed rail deal with Bombardier, Chairman and Chief Executive Henri Poupart-Lafarge said on a conference call on Tuesday, May 12.
In February, the French TGV high-speed train maker Alstom agreed to buy the rail division of Bombardier for up to €6.2 billion (US$6.7 billion) in a cash-and-shares deal aimed at creating the world’s No. 2 train manufacturer and a challenger to Chinese leader CRRC.
Alstom added on Tuesday that it hoped to close its deal with Bombardier, which is subject to regulatory clearance, in the first half of 2021.
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