CDPQ becomes Alstom’s largest shareholder following the announced acquisition of Bombardier Transportation

CDPQ becomes Alstom’s largest shareholder following the announced acquisition of Bombardier Transportation

MONTRÉAL, FEBRUARY 17, 2020

CDPQ’s total investment in Alstom will amount up to €2.78 billion (CAD 4.0 billion)

At the transaction’s closing,

CDPQ will hold around 18% of Alstom’s shares

and two seats on the Board of Directors

Alstom strengthens its leadership in sustainable mobility, a promising sector that benefits from strong trends related to urbanization and climate change

Strengthened presence and growth opportunities in Québec – with headquarters for the Americas, overseeing the work of 13,000 employees

As part of Alstom’s proposed acquisition of Bombardier Transportation, Caisse de dépôt et placement du Québec (CDPQ)

today announced the conclusion of an agreement with Alstom to convert its current investment in Bombardier Transportation into shares of Alstom.

CDPQ also announced an additional investment of €700 million in Alstom.

CDPQ’s total investment will range from €2.63B to €2.78B, depending on closing conditions.

Alstom shares will be acquired by CDPQ at €44.45 per share.

Caisse de dépôt et placement du Québec | CDPQ

https://www.cdpq.com/en/news/pressreleases/cdpq-becomes-alstoms-largest-shareholder-following-the-announced-acquisition-of