This time, the acquisition is looming. French railroad builder Alstom said Monday it is in talks for "a potential acquisition of Bombardier Transportation", the rail arm of the Canadian group Bombardier.
“Discussions are underway. No final decision has been taken, "said in a very short press release Alstom, whose merger with the railway activities of the German Siemens had been blocked by the European Commission in February 2019.
A cost of $ 7 billion?
Bombardier Transportation, a Berlin-based entity owned 32.5% by the Caisse de depot et placement du Quebec, could cost between $ 7 billion and € 7 billion, according to press reports.
Bombardier Transportation generated revenue of $ 8.3 billion in 2019 ($ 7.7 billion at current prices), ending the year with an order backlog of $ 35.8 billion ($ 33 billion). euros).
Alstom, for its part, achieved a turnover of 8.1 billion euros in its last financial year 2018-19, with a record order book of 43 billion euros as of December 31, 2018.
Already partially sold to Mitsubishi
Heavily in debt, the Canadian industrial flagship, which created snowmobiles in the 1930s, embarked on a major restructuring in 2015 to stay afloat. He said in January that he was considering divestments.
It has already sold in 2019 to the Japanese Mitsubishi Heavy Industries its program of regional aircraft CRJ, aircraft from 75 to 100 seats, against 750 million US dollars.
The previous year, it had ceded control to Airbus of its CSeries medium-haul aircraft, now A220. Bombardier announced on February 13 that it was selling its remaining 33.58% stake in the program to Airbus and the Quebec government.
He also announced in the fall the sale to the American equipment manufacturer Spirit Aerosystems of its aeronautical activities in Northern Ireland, Morocco and Dallas, for more than a billion dollars.
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