Alstom board meeting to decide on bid for Bombardier rail business: Source

Alstom board meeting to decide on bid for Bombardier rail business: Source

The logo of Alstom is seen on the company's TGV high-speed train factory in Belfort
The logo of Alstom is seen on the company's TGV high-speed train factory in Belfort, France, February 6, 2019. REUTERS/Vincent Kessler

PARIS: French train maker Alstom's board will meet on Wednesday (Feb 12) evening to decide on a possible offer for the rail business of Canada's Bombardier, a source familiar with the situation told Reuters.

French TV station BFM reported earlier on its website that Alstom is set to make a firm offer for the Bombardier unit, valuing it at just under US$7 billion.

Alstom and Bombardier declined to comment.

Source: Reuters

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