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Waterloo Region Connected  /  Waterloo Region Works  /  Transportation and Infrastructure v  /  ION - Waterloo Region's Light Rail Transit


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ION - Waterloo Region's Light Rail Transit
ookpik Offline
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#709
05-07-2015, 08:27 AM
Bombardier plans IPO for minority stake in rail unit  
Quote:Bombardier Inc. is preparing for an initial public offering of a minority stake in its rail unit but says it has no intention of selling the entire division. The move will help boost the plane and train maker’s financial position while also allowing for the possibility of taking part in future rail industry consolidation, the company said Thursday...

Recent news reports said two Chinese state-owned train makers were exploring buying control of the rail unit and had been in discussions with Bombardier...

Bombardier is the only company in the world that makes both planes and trains, a dual mandate in which the relative stability of the rail business helps offset the more volatile aerospace sector.
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RE: ION - Waterloo Region's Light Rail Transit - by ookpik - 05-07-2015, 08:27 AM
[No subject] - by Spokes - 08-28-2014, 04:16 PM

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