Bombardier eyes 20-30 percent rail unit IPO in Frankfurt - sources

Bombardier Inc (BBDb.TO) is aiming to sell a 20- to 30-percent stake in its rail unit via an initial public offering in Frankfurt as early as October, said three sources familiar with the matter on Friday.

Read Full Article

China trainmakers seek control of Bombardier's rail unit: sources

China's top two trainmakers have been in discussions with Bombardier Inc (BBDb.TO) about possibly buying a controlling stake in the Canadian company's railway unit, two sources with direct knowledge of the matter said.

Read Full Article

Canada's Bombardier looks to raise cash from rail business - sources

Bombardier Inc is exploring a possible sale of all or part of its railway business, which bankers value at up to $5 billion, among options to pay for huge cost overruns in its aircraft business, sources familiar with the matter said.

Read Full Article

China trainmakers CNR, CSR clinch $7.3 billion in deals

China CNR Corp Ltd (601299.SS) (6199.HK) and CSR Corp (601766.SS) (1766.HK), China's two top trainmakers, recently signed deals worth 45.41 billion yuan ($7.26 billion) with Chinese and foreign firms.

Read Full Article

Japan's Hitachi closes in on Finmeccanica rail assets

Italian industrial conglomerate Finmeccanica (SIFI.MI) said on Tuesday Japan's Hitachi (6501.T) had submitted an offer to buy rail assets it has put on the block as part of plans to cut debt.

Read Full Article

China trainmakers CSR, CNR in talks to merge: state media

China's top trainmakers, China CNR (601299.SS)(6199.HK) and CSR Corp (601766.SS)(1766.HK), are planning to merge as the country aims to promote its high-speed train technology abroad, the China Securities Journal reported on Tuesday.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics