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Bombardier Closes Sale of its Transportation Business to Alstom

Bombardier Closes Sale of its Transportation Business to Alstom

Net proceeds to Bombardier of ~$3.6 billion, including ~$600 million in Alstom shares Proceeds strengthen liquidity and will allow the Company to begin debt paydown1; Pro-forma net debt as of December 31, 2020 ~$4.7 billion2  Completes Bombardier’s repositioning as a pure-play business jet company All amounts in this press release are in U.S. dollars unless otherwise [...]

Bombardier and Alstom Sign Definitive Agreement for Sale of Transportation Business

Bombardier and Alstom Sign Definitive Agreement for Sale of Transportation Business

MONTREAL, Sept. 16 (Korea Bizwire) — Bombardier (TSX: BBD.B) today announced that it has signed a definitive Sale and Purchase Agreement (SPA), with Alstom SA and the Caisse de dépôt et placement du Québec (“la Caisse”) for the sale of its Transportation business to Alstom. Under the SPA, Bombardier and la Caisse will sell their interests in Bombardier Transportation [...]

Bombardier Announces its Strategic Decision to Focus on Business Aviation and its Intent to Accelerate Deleveraging Through Sale of Transportation Division to Alstom

Bombardier Announces its Strategic Decision to Focus on Business Aviation and its Intent to Accelerate Deleveraging Through Sale of Transportation Division to Alstom

All amounts in this press release are in U.S. dollars unless otherwise indicated. Amounts in EUR are converted to USD at an 1.1 exchange rate. MONTRÉAL, Feb. 17 (Korea Bizwire) — Bombardier (TSX: BBD.B) today announced that it has made the strategic decision to focus exclusively on business aviation and plans to accelerate its deleveraging [...]