Caisse CEO says Bombardier should consider rail deal with CRRC: Reuters
Bombardier Inc should look at all options for its transportation business including partnering with China’s state-owned CRRC Corp, Reuters reported, quoting one of Bombardier’s biggest shareholders. “I think we have to look at everything. Every opportunity that comes up ought to be looked at,” Caisse de dépôt et placement du Québec Chief Executive Michael Sabia told reporters when asked about a deal with CRRC. Germany’s Siemens and France’s Alstom said they are merging their train manufacturing operations in September, leaving Bombardier competing in a market dominated by CRRC, the world’s largest train maker. The Caisse announced a $2.1 billion (US$1.5 billion) convertible share investment in Bombardier’s rail arm in 2015 and closed the deal the following year.
