Alstom signs Bombardier purchase agreement

摘要

On 16 September, following conditional approval by the European Commission on 31 July (TAUT 993), Alstom signed the purchase agreement to buy Bombardier Transportation (BT). The price was reduced from that originally announced (EUR6bn, TAUT 988) due to the recent announcement by Bombardier of poor results for its Transportation subsidiary. Alstom is now expected to pay up to EUR5.3bn for 100% of the BT shares, excluding any additional downward adjustments linked to the net cash protection mechanism.