Alstom first announced on 17 February 2020 that it intended to acquire Bombardier Transportation and had signed a Memorandum of Understanding with Bombardier Inc. and Caisse de dépôt du Québec to that effect.
Subject to EGM approval and market conditions, rights issue will take place between the second half of 2020 and the first half of 2021. The reserved capital increases will take place at closing.
Alstom says the syndication of 2.4 billion euros of Bridge Facilities and a new 1.5 billion Revolving Credit Facility related to the proposed acquisition of Bombardier Transportation was conducted in April 2020 on schedule.
However, the acquisition must be cleared by the relevant regulatory authorities and anti-trust authorities. If this is successful, Alstom estimates the transaction will close in the first half of 2021.