Exclusive: Canada’s Bombardier looks to raise cash from rail business – sources

By on April 10, 2015

LONDON (Reuters) – Bombardier (BBDb.TO) is exploring Options to monetize its transportation unit doubtlessly price as much as $ 5 billion, as the Canadian staff seeks to offset challenges within its plane Trade, six sources acquainted with the subject said.

The Arena’s largest producer of planes and trains is working with banks on strategic Options for its transportation arm, which supplies rail autos, signaling and control gear, the sources stated on Friday.

Choices would come with a conceivable sale of all or part of the Trade, as well as an initial public providing (IPO) to keep Bombardier’s publicity to the fitter half of of the Trade, three sources said, declining to be named because the topic is private.

(The story fixes typographical error in remaining paragraph)

(Extra reporting with the aid of by Robert Smith at IFR, Arno Schuetze in Frankfurt and Allison Lampert in Montreal; Editing through Sinead Cruise in London)


Reuters: Industry Information

About admin

You must be logged in to post a comment Login