by Josephine Cordero Sapién
Published02 Dec 2020
Alstom Alstom Bombardier acquisition Bombardier Transportation European Union
Alstom has announced that it expects the transaction for its acquisition of Bombardier Transportation to close on 29 January 2021.
Both parties have confirmed the receipt of all necessary regulatory approvals for the sale.
Alstom gives an update on its acquisition on Bombardier Transportation in its H2 2020 financial results, including a timetable of events.
Alstom has signed the sale and purchase agreement of Bombardier Transportation. The transaction is expected to close in Q1 of 2021.
Following the publication by Bombardier of its quarterly results, Alstom calls the developments at Transportation 'unexpected and negative'.
The European Commission has approved the proposed acquisition of Bombardier Transportation by Alstom, following Alstom's commitments.
Alstom plans to submit commitments to the Commission in anticipation of its planned acquisition of Bombardier Transportation early next year.
Alstom has given an update on its plans to acquire Bombardier Transportation in its 2019/20 full year results.
Following rumours, Alstom and Bombardier have now announced they have signed an MoU for Alstom's acqusition of Bombardier Transportation.
Alstom has responded to the rumours that it is in talks with Bombardier about a potential acquisition of Bombardier Transportation.
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