French train maker Alstom said on Friday it had completed its previously announced purchase of Bombardier rail business, an acquisition that should make it the world’s No. 2 in its industry behind China’s CRRC.
Alstom, which cut its offer for Bombardier rail in September 2020, said the price for the deal was established at 5.5 billion euros ($6.7 billion), at the bottom of a range of 5.5 billion to 5.9 billion euros indicated previously.
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