Redemption Bombardier: Alstom is ready to sell a French factory to convince Brussels

Rachat Bombardier: Alstom prêt à vendre une usine française pour convaincre Bruxelles

PARIS | Alstom announced Thursday that he would propose to the european Commission of several measures, including the sale of its production site in Reichshoffen (Bas-Rhin) as well as facilities on a site in Germany, in order to be able to redeem its competitor, Bombardier Transportation.

“To meet the initial concerns of the european Commission, guardian of competition in Europe, “Alstom, in coordination with Bombardier Transportation and the Caisse de dépôt et placement du Québec (CDQP), today announces its intention to submit a number of commitments,” says the group in a press release.

Alstom proposes to transfer its regional trains for the French market, the Coradia Polyvalent, and its production site of Reichshoffen in France.

The group says it is also ready to sell the platform, Bombardier Talent 3 — of self-propelled sold in Germany and Austria — as well as “production facilities corresponding located on the site of Hennigsdorf”, in the north of Berlin, Germany.

The company will also provide “a third party access to certain interfaces, and products of different units of signaling for in-car Bombardier Transportation and management systems, train control”.

Finally, the new set is recentrerait on the high-speed trains of Alstom (TGV), after you have transferred the contribution of Bombardier Transportation in other high-speed trains (V300 Zefiro).

These commitments are subject to the approval of the european Commission”, says Alstom, which considers that the acquisition of Bombardier Transportation “remains on track for an anticipated closing in the first half of the year 2021”.

Alstom had been notified last month of its proposed takeover of its competitor, Bombardier Transportation for € 6 billion ($9.2 billion $) to the european Commission, which has until 16 July for an initial consideration of the case.

In February 2019, Brussels had vetoed a proposed takeover of Alstom by the German group Siemens, fearing a too dominant in Europe in the railway signalling and high-speed trains.

With a total turnover of more than € 15 billion ($23 billion) and a backlog in excess of $ 75 billion (114,8 billion $), the wedding Alstom-Bombardier needs to create a powerful group, capable of facing the chinese giant CRRC.

The two groups currently have a quasi-monopoly on rolling stock in France, where they regularly collaborate, such as on the metro and the RER of Paris.

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