France’s Alstom to Buy Bombardier Train Unit


France’s Alstom SA said it agreed to buy Bombardier Inc.’s train unit in a deal valued at $8.2 billion, including debt, infusing the Canadian industrial giant with much-needed cash and creating what would be a new, European-focused train giant big enough to take on China.

The deal marks Bombardier’s second big exit from businesses that have defined it for the past decade. Last week, it agreed to sell out of its interest in a joint venture with Airbus SE making commercial jets. After agreeing to shed trains, too, Bombardier…

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