Caisse CEO urges Bombardier to be ready for M&A: Reuters
Bombardier should be “on alert” for merger opportunities that will enable its transportation unit to compete with larger rivals in an industry that is consolidating to help reduce costs, the CEO of its biggest independent shareholder said this week. “I think, in an industry that’s consolidating to the degree that it is and given the scale issues associated with the size of the Chinese presence in that industry, the company needs to be always alert to M&A opportunities,” Caisse de dépôt et placement du Québec's Michael Sabia told Reuters and other reporters. Germany’s Siemens AG last year opted to merge its rail business with France’s Alstom SA instead of Bombardier’s rail unit, leaving Bombardier facing a challenge to compete.
21 February 2018•3 mins read
