MONTREAL (Reuters) - Bombardier’s (BBDb.TO) Chief Executive Alain Bellemare said on Tuesday he will continue “assessing the competitive landscape,” but doesn’t expect a merger of two European rivals to drive big short-term changes in the Canadian company’s rail division.
The planned merger of France’s Alstom SA (ALSO.PA) and Germany’s Siemens AG (SIEGn.DE), with whom Bombardier had previously held consolidation talks, could create “opportunities moving forward,” Bellemare said at a Goldman Sachs conference in Boston, without specifying further.
“Short-term – one year, two years, three years, I don’t see any change to be honest with you,” he said. “And even these big mergers will take time - assuming they get the green light.”
Reporting by Allison Lampert; Editing by Chizu Nomiyama