Alstom confirms talks underway to buy Bombardier Transportation

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French transport infrastructure company Alstom said on Monday it was in talks ov...

“Alstom confirms being in discussions with Bombardier regarding a possible acquisition of Bombardier Transportation by Alstom. Discussions are ongoing. No final decision has been made,” Alstom said in a statement.

A source familiar with the matter told Reuters on Sunday that Alstom was close to agreeing a deal to buy Bombardier’s train business, which will give the unit an enterprise value of $7 billion.

 

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So taking back control seems to mean selling all the family silver to any foreign Johnnies. How very British

Could be a good move. Alstom has a checkered history, however. Attention, Canada! Est-ce que c’est vraiment une bonne idée pour le pays?

Have they confirmed anything about their faulty supplies, probably responsible for the high speed train accident near Milan?

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