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