Bombardier says preparing for IPO of transportation unit stake

Thu May 7, 2015 5:44am EDT
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May 7 (Reuters) - Canada's Bombardier Inc said on Thursday it was preparing for an initial public offering of a minority stake in its transportation unit, Bombardier Transportation.

The IPO is expected to take place in the fourth quarter, subject to market conditions, Bombardier said. The primary listing is likely to be in Germany. (Reporting by Sneha Banerjee in Bengaluru; Editing by Robin Paxton)