EU okays with conditions Alstom's buy of Bombardier's rail business
Reuters
Published Jul 31, 2020 14:13
BRUSSELS (Reuters) - EU antitrust regulators approved on Friday Alstom 's (PA:ALSO) bid for Bombardier Inc 's (TO:BBDb) rail business after the French TGV high-speed train maker agreed to sell assets to address competition concerns.
The European Commission said Alstom will sell a French rail factory, its regional train unit Coradia Polyvalent, and a Bombardier commuter trains division and the related production facilities at its Hennigsdorf site in Germany.
Reuters reported on July 27 that the concessions would help Alstom clinched EU clearance for a deal that would make it the world's second largest rail maker behind Chinese rival CRRC Corp (SS:601766).
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Written By: Reuters
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