{"id":337791,"date":"2020-02-18T10:18:10","date_gmt":"2020-02-18T04:48:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=337791"},"modified":"2020-02-18T10:32:16","modified_gmt":"2020-02-18T05:02:16","slug":"bombardier-agrees-8-2-billion-deal-to-sell-rail-unit-to-french-alstom","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bombardier-agrees-8-2-billion-deal-to-sell-rail-unit-to-french-alstom\/","title":{"rendered":"Bombardier agrees $8.2 billion deal to sell rail unit to French Alstom"},"content":{"rendered":"<p>Canada&#8217;s Bombardier said on Monday it had agreed to sell its rail division to France&#8217;s Alstom for an enterprise value of $8.2 billion, as it focuses purely on business aviation and pays down debt. <\/p>\n<p>That price tag includes equity plus debt. The deal will be done majoritarily in cash, with a chunk paid in new Alstom shares, Bombardier and Alstom confirmed in separate statements. <\/p>\n<p>Bombardier said it would be receiving net proceeds of between $4.2 and $4.5 billion, once it accounts for the portion that will go to Canadian pension fund manager Caisse de dep\u00f4t et placement du Quebec, a 30% shareholder in the rail unit. <\/p>\n<p>Caisse will become the biggest shareholder in Alstom following the deal, which is expected to close in the first half of 2021, Bombardier added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada&#8217;s Bombardier said on Monday it had agreed to sell its rail division to France&#8217;s Alstom for an enterprise value of $8.2 billion, as it focuses purely on business aviation and pays down debt. That price tag includes equity plus debt. The deal will be done majoritarily in cash, with a chunk paid in new Alstom shares, Bombardier and Alstom confirmed in separate statements. Bombardier said it would be receiving net proceeds of between $4.2 and $4.5 billion, once it accounts for the portion that will go to Canadian pension fund manager Caisse de dep\u00f4t et placement du Quebec, a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-337791","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/337791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=337791"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/337791\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=337791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=337791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=337791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}