CCI approves Alstom’s acquisition of Bombardier Transportation
September 21, 2020: The Competition Commission of India (CCI) approved the acquisition of sole control over Bombardier Transportation’s (Bombardier Transport) by Alstom S.A. (Alstom), and acquisition of 18 percent and 3 percent share capital of Alstom S.A. by Caisse de dépôt et placement du Québec (CDPQ) and Bombardier Inc (Bombardier) respectively

September 21, 2020: The Competition Commission of India (CCI) approved the acquisition of sole control over Bombardier Transportation’s (Bombardier Transport) by Alstom S.A. (Alstom), and acquisition of 18 percent and 3 percent share capital of Alstom S.A. by Caisse de dépôt et placement du Québec (CDPQ) and Bombardier Inc (Bombardier) respectively, under Section 31(1) of the Competition Act, 2002.
Alstom is a French corporation globally active in the rail transport industry, offering a wide range of transport solutions. In India, it manufactures and supplies, inter alia, signalling solutions, rail electrification, rolling stock (locomotives and metros), track works, maintenance services and it also provides associated construction and engineering services through its subsidiaries, including Alstom Manufacturing India, Alstom Systems India, Alstom Transport India, and Madhepura Electric Locomotive.
Bombardier is a Canadian corporation globally active in the business aircraft and the rail transport industries.
Bombardier Transportation is the global rail solutions division of Bombardier. It offers a wide range of rail solutions. In India, Bombardier Transportation is engaged in the sale of rail vehicles, propulsion, control equipment and signalling solutions through its subsidiary Bombardier Transportation India.
CDPQ is a global long-term institutional investor. It manages funds primarily for public and para-public pension and insurance plans. It invests in major financial markets, private equity, fixed income, infrastructure and real estate.
U.S ports most expensive on D&D charges: Container xChange
6 July 2022 7:34 AM GMTSurat-based startup EVIFY raises INR 80 Lakh to accelerate EV...
5 July 2022 11:41 AM GMTDHL Aviation Bahrain starts 6 weekly freighter flights to Delhi
5 July 2022 10:30 AM GMT90% of APAC warehouse operators investing in nextgen automation tech
5 July 2022 9:54 AM GMTShree Maruti to set up micro fulfillment centers in 10 prominent...
5 July 2022 8:52 AM GMTEmirates SkyCargo takes delivery of new Boeing 777F
5 July 2022 6:48 AM GMTQatar Airways Cargo takes off with 'Moved by People' livery
4 July 2022 10:48 AM GMT