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Minister Bains: We monitor sale of Canada’s Bombardier Transportation to French Alstom SA

Minister Bains: We monitor sale of Canada’s Bombardier Transportation to French Alstom SA

eTN:

Minister Bains: We monitor sale of Canada’s Bombardier Transportation to French Alstom SA

The Honorable Navdeep Bains, Canada’s Minister of Innovation, Science and Industry, made the following statement on the potential sale of Bombardier Transportation to Alstom SA

“I am aware of today’s announcement regarding Alstom’s proposed acquisition of Bombardier Transportation.

“Bombardier Transportation
employs nearly 4,000 people in Canada and our
priority is to support the women and men who make up Canada’s
rail manufacturing industry. We welcome Alstom’s recognition of the talent and
expertise of the employees. We will continue to engage with all parties
involved to ensure that Canadian jobs are supported.

“We monitor transactions
in Canada from a competition and regulatory
perspective and conduct reviews as appropriate.”

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Source: eTurboNews Syndication