European Commission - Daily News
Brussels, 1 February 2016
The European Commission has approved the acquisition of joint control over the newly created Bombardier Transportation (Investment) UK Limited, of the United Kingdom ("BTUK"), by Bombardier Inc. and Caisse de dépôt et placement Québec ("CDPQ"), both of Canada under the EU Merger Regulation.
BTUK will essentially comprise Bombardier’s current transportation business, offering the full spectrum of rail solutions, such as rolling stock, maintenance services, system integration and signalling. Bombardier is a multinational aerospace and transportation company, engaged in the design, development, manufacture and marketing of aircraft and rail transportation equipment and related services. CDPQ is an institutional investor.
The Commission concluded that the proposed acquisition would raise no competition concerns, given in particular that the companies’ activities do not overlap and CDPQ controls no company which would have a significant position as a customer or supplier of BTUK. The transaction was examined under the normal merger review procedure.
(For more information: Ricardo Cardoso – Tel.: +32 229 80100; Carolina Luna Gordo – Tel.: +32 229 68386)
Source: Europa.eu (Copyright European Commission)