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Alstom Announces Intention to Submit Commitments to the European Commission as Part of its Planned Acquisition of Bombardier Transportation - Following the notification of the transaction to the European Commission on 11 June 2020, Alstom has taken a further step towards closing of its planned acquisition of Bombardier Transportation - Bombardier.com / AlstomGroup.com
Alstom Announces Intention to Submit Commitments to the European Commission as Part of its Planned Acquisition of Bombardier Transportation

 

PRZOOM - /newswire/ - Paris, Ile-de-France, France, 2020/07/09 - Following the notification of the transaction to the European Commission on 11 June 2020, Alstom has taken a further step towards closing of its planned acquisition of Bombardier Transportation - Bombardier.com / AlstomGroup.com. FR0010220475; ALO

   
 
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After initial discussions with the European Commission, Alstom today announces its intent, in coordination with Bombardier Transportation (bombardier.com) and the Caisse de depot et placement du Québec (CDPQ), to submit commitments to respond to the Commission's potential concerns.

The proposed commitments include:

• A transfer of Bombardier Transportation’s contribution to the V300 ZEFIRO very high-speed train;
• The divestment of the Alstom Coradia Polyvalent and the Reichshoffen production site in France;
• The divestment of the Bombardier TALENT 3 platform and dedicated production facilities located within the Hennigsdorf site in Germany;
• Providing access to certain interfaces and products for some of Bombardier Transportation’s Signalling On-Board Units and Train Control Management Systems (TCMS).

The contemplated commitments are subject to the European Commission’s approval. The divestitures will comply with all applicable social processes and consultations with employee representatives' bodies.

Closing of the acquisition of Bombardier Transportation remains on track for the first half of 2021.

Press contact: Coralie Collet
T: +33(0)1 57 06 18 81 - E: coralie.collet[.]alstomgroup.com.

Investor relations: Julie Morel
T: +33(0)6 67 61 88 58 - E: julie.morel[.]alstomgroup.com.

Claire Lepelletier
T: +33(0)6 76 64 33 06 - E: claire.lepelletier[.]alstomgroup.com.

 
 
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Agency / Source: ALSTOM Group

 
 

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Alstom Announces Intention to Submit Commitments to the European Commission as Part of its Planned Acquisition of Bombardier Transportation

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Alstom | Bombardier Transportation
Contact: Samuel Miller - AlstomGroup.com 
+33(0)1 57 06 67 74 samuel.miller[.]alstomgroup.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ALSTOM Group securities in any jurisdiction including any other companies listed or named in this release.

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