MONTREAL, Sept. 16 (Xinhua) -- Montreal-based Bombardier announced Wednesday that it has signed a definitive agreement for the sale of its rail unit to French train giant Alstom at a lowered price from a memorandum of understanding between the two companies earlier this year.
The price is 7.15 billion Euros (about 8.4 billion U.S. dollars) including debt, a downward adjustment of 300 million Euros (about 350 million U.S. dollars) from the original terms of the deal.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
