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keystone-sda.ch
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The TGV farmer Alstom buys the rail division of the competitor Bombardier.
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AFP
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Alstom is paying 745 billion euros for the deal.
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Now the deal is dry: Bombardier is concentrating on the construction of aircraft for strategic reasons, according to a statement. The Canadians are therefore selling their rail division for almost 8 billion francs to the French TGV farmer and competitor Alstom.
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The Canadians want to accelerate the deleveraging process. Bombardier has a huge hole in the box office: Canadians are short of CHF 10 billion. In 2019, the aircraft and train manufacturer was also deep in the red due to problems in the train business.
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The train division is considered the most valuable part of the group, although it is struggling with operational difficulties. According to media reports, the order backlog is large at $ 35 billion, but many orders are not very profitable.
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The CHF 1.9 billion SBB order for 62 double-decker FV-Dosto should have paid off, however. Even if Bombardier has to retrofit the compositions known as breakdown trains. The Canadian train builder’s double-decker, delivered six years late, shook about twice as much as the old one. Deutsche Bahn and Bombardier are still struggling with software problems and technical upgrades. (Pfu)
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