Bombardier will sell rail business to Alstom, but for $350M less than planned | CBC News



Bombardier has finalized the term of the sale of its rail business to France-based Alstom, in a deal that will see the European trainmaker pay $350 million less that initially expected. The revised deal values the enterprise at $8.4 billion, but Bombardier will get about $4 billion for the business because Alstom is assuming a lot of the unit’s debt, and Quebec’s pension fund — the Caisse de dépôt et placement du Québec — will get $2.2 billion from its stake in the company. … Bombardier will sell rail business to Alstom, but for $350M less than planned | CBC News