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Alstom Completes Bombardier Purchase, Price At Low End Of Guidance

Alstom Completes Bombardier Purchase, Price At Low End Of Guidance

French train maker Alstom said on Friday it had completed its previously announced purchase of Bombardier Inc's rail business, with the reference price of the deal coming at the low end of its guidance.

PARIS: French train maker Alstom said on Friday it had completed its previously announced purchase of Bombardier Inc’s rail business, with the reference price of the deal coming at the low end of its guidance.

Alstom said the price for the deal was established at 5.5 billion euros ($6.7 billion), at the bottom of a range of 5.5-5.9 billion euros indicated previously.

Last year, Alstom secured European Union antitrust approval to acquire Bombardier’s rail business, in an acquisition aimed at making Alstom the world’s second-largest rail maker after China’s CRRC Corp.

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