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Company News

Alstom board meeting to decide on bid for Bombardier rail business - source

PARIS, Feb 12 (Reuters) - French train maker Alstom’s board will meet on Wednesday 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 $7 billion.

Alstom and Bombardier declined to comment. (Reporting by Maya Nikolaeva and Allison Lampert Writing by Geert De Clercq)

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