Alstom Enterprise Agreement

The two companies announced revised terms of an agreement that gives the rail unit an enterprise value of $US 8.4 billion, in an agreement that would allow the financially troubled Canadian company to repay a portion of its $US 9.3 billion debt. The next clue is in alphabetical order. Agreements have registration numbers starting with the prefix EA (Enterprise Agreement) or CA (Contract Agreement), followed by the year of registration and the individual number. The agreement registration number for agreements registered from 2001 on or after 2001 is linked to the contract details published in the Nsw Industrial Gazette online. As part of the SPA, Bombardier and LAPQ will sell their shares in Bombardier Transportation on the basis of an enterprise value of $US 8.4 billion ($7.15 billion) to Alstom, a price decrease of $US 350 million ($300 million) compared to the previously announced Memorandum of Understanding (MOU), offset by the effects of a more favourable exchange rate. The company expects to complete the acquisition of Bombardier`s rail unit in the first quarter of next year. The capital increase will allow shareholders with 10 preferential rights to subscribe for three new shares at €29.50 per share, Alstom said in a statement. The signing of the SPA follows the completion of the necessary consultations at the works council. With the administrative approvals obtained by several lawyers, including the European Commission, the transaction is expected in the first quarter of 2021, subject to the completion of the remaining regulatory audits and other customary closing conditions, as well as the agreement of Alstom`s shareholders at the company`s next extraordinary general meeting on 29 October 2020. . MONTREAL, Sept. 16, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.

B) announced today that it has signed a definitive sales contract (SPA) with Alstom SA and the Caisse de dépôt et placement du Québec (« la Caisse ») for the sale of its transportation activities to Alstom. « Today`s announcement marks an important step towards achieving our short-term priorities and repositioning Bombardier as a business jet company, » said Éric Martel, President and Chief Executive Officer of Bombardier Inc. « The proceeds of this transaction will allow us to begin to redesign our capital structure and address our balance sheet through debt repayment, so that we can unlock the full potential of our incredibly talented people and our leading company. Jet portfolio. With nearly 60,000 employees in two divisions, Bombardier is a global leader in the transportation sector and develops innovative and revolutionary aircraft and trains. . . .

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