INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ ALL RELEVANT DOCUMENTS FILED WITH THE AMF AND THE RELEVANT REGULATORY AUTHORITIES , INCLUDING THE PROSPECTUS WHEN IT BECOMES AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. Other companies that report or describe similarly titled supplemental financial measures may calculate them differently. After the transaction, Montréal will welcome the Headquarters of Alstom of the Americas, leading all Alstom operations and expansion in these geographies. The sale is expected to make Alstom the second-largest manufacturer of rolling stock, behind China’s CRRC. This will be achieved thanks to clearly identified levers including: In addition, tangible and executable synergies have been identified and Alstom plans to deliver €400m run rate cost synergies in year 4 to 5. [9] A €75million break-fee is payable at the termination of the Memorandum of Understanding by Alstom if it were not to pursue the transaction, [10] Indicative proforma shareholding after all equity raising transactions, including a €2bn rights issue, [11] Or 2% above its shareholding at closing if such shareholding exceeds 20%, [12] based on final transaction price to be determined at closing, [13] Resulting in a c.3% shareholding post equity raising, three months lock-up undertaking from closing, Smart innovation for sustainable mobility, Alstom and Bombardier operate in a very positive market environment with passenger traffic expected to grow between 3% to 5% annually over the 2015-2025 period and global rail OEM market expected to achieve a +3.0% CAGR between 2021-2023, Alstom is a preeminent rail equipment player with an industry-record backlog of €40bn and €8.1bn of annual sales as of 31-Mar-2019. and . Securities may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Investors and security holders may obtain free of charge a copy of the prospectus as well as other documents filed with the authorities (when they are available) at the AMF’s website, Post equity raising transactions including rights issue. At Alstom, we value curious and innovative people who are passionate about working together to reinvent mobility, making it smarter and more sustainable. Access our financial & share information, our financial calendar and results, regulated information, shareholders' meetings and investors' contacts & presentations. We offer a complete range of equipment and services, from high-speed trains, metros, trams and e-buses to integrated systems, customised services, infrastructure, signalling and digital mobility solutions. Alstom will reinforce its liquidity profile through a new €1.5bn Revolving Credit Facility replacing Alstom’s and Bombardier Transportation’s existing revolving credit facilities. Such statements are based on the current expectations and assumptions of Alstom’s and Bombardier’s respective management teams, and depend on numerous factors that are beyond Alstom’s or Bombardier’s control. The company's Litchurch Lane Works, which employs 2,000 people, has been sold by its owners to French rail manufacturer Alstom, along with the rest of … In addition, Bombardier Transportation net cash position at closing will be retained by Alstom and a specific mechanism will lower purchase price on a Euro-per-Euro basis, should Bombardier Transportation have a negative net cash position as of 31 December 2020. CDPQ is fully supportive of the transaction and Alstom’s strategy.” said Henri Poupart-Lafarge, Chairman and CEO of Alstom. It will appoint two board representatives and one Observer (censeur). The deal concludes nearly a year after Bombardier and key shareholder Caisse de dépôt et placement du Québec (CDPQ) signed a memorandum of understanding (MoU) with Alstom for the divestiture of Bombardier Transportation. It was initially approved by EU regulators last July, and officially went through on Friday, January 29. Its solutions cover a whole range of services, including urban transit, mainline travel, regional transport, mining networks and freight. Société Générale, Crédit Agricole Corporate & Investment Bank and HSBC are acting as underwriters in the bridge and revolving facilities, with Société Générale also acting as Structuring and Coordinating bank. It is fully supportive of the transaction and Alstom’s strategy. We are pleased to welcome CDPQ as a new long-term shareholder. Alstom and Bombardier operate in a very positive market environment with passenger traffic expected to grow between 3% to 5% annually over the 2015-2025 period and global rail OEM market expected to achieve a +3.0% CAGR between 2021-2023[4]. A unique opportunity to accelerate Alstom’s strategic roadmap, Alstom in Motion. Drawing on our complementary business lines, we offer bundled and fully integrated systems that include rolling stock, signaling, infrastructure and services. Browse rail.bombardier.com to discover Bombardier Transportation's solutions. The transaction will take the form of an acquisition, directly or indirectly, of 100% of Bombardier Transportation’s share capital and voting rights, held by Bombardier Inc. and CDPQ. On Monday, the French trainmaker … French rolling stock manufacturer Alstom has completed its previously announced acquisition of Bombardier’s rail business. CDPQ will reinvest its proceeds for c.€2.0bn and realize an additional investment of €0.7bn in Alstom. Après son deal avec Alstom, Bombardier veut se recentrer sur le marché des avions d'affaires Par Jacques Lemieux, AFP | The £4.9 billion deal to sell Derby-based train maker Bombardier Transportation to the French Alstom group has gone through. Alstom said the price for the deal to buy Bombardier Transportation, which includes its train-making site in Litchurch Lane, was $6.7 billion (£5 billion). Our state-of-the-art signaling solutions allow operators to ensure the highest standards in safe, seamless travel with urban and mainline solutions that meet the specific needs of each operation environment. These forward-looking statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. For existing Alstom shareholders, the transaction is expected to deliver significant value and they will be offered the possibility to accompany Alstom in the financing of this strategic acquisition through a rights issue, subject to EGM approval. The price for the acquisition of 100% of Bombardier Transportation shares will be €5.8bn to €6.2bn[2] which will be paid via a mix of cash and new Alstom shares. 17 February 2020 – Alstom announces today that it has signed a Memorandum of Understanding with Bombardier Inc. and Caisse de dépôt et placement du Québec (“CDPQ”) in view of the acquisition of Bombardier Transportation. Bombardier Transportation will notably bring to Alstom: A value-creating transaction for all stakeholders. Including liabilities, the total deal is worth US$8.2 billion, according to Bombardier. Investors and security holders may obtain free of charge a copy of the prospectus as well as other documents filed with the authorities (when they are available) at the AMF’s website, www.amf-france.org, and the relevant regulatory authorities’ websites. “I’m very proud to announce the acquisition of Bombardier Transportation, which is a unique opportunity to strengthen our global position on the booming mobility market. Alstom is committed to recover Bombardier Transportation’s full operational and profitability potential with the objective of restoring project execution and margin towards standard level. It will be proposed to the shareholders of Alstom to remove double voting rights to adopt the one share-one vote model. The price for the acquisition of 100% of Bombardier Transportation shares will be €5.8bn to €6.2bn subject to Bombardier Inc’s accounts and mechanisms at closing. PARIS (Reuters) - 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. Le … The acquisition of 100% of Bombardier Transportation shares will be paid with a mix of cash and new Alstom shares. [8] Post equity raising transactions including rights issue. Any such offer or solicitation will be made only pursuant to an official offer documentation approved by the appropriate regulators. An extraordinary general meeting (EGM) voting on the reserved capital increases and the rights issue should take place no later than October 31, 2020. The proposed transaction is subject to various regulatory approvals and the fulfilment of certain conditions, and there can be no assurance that any such approvals will be obtained and/or such conditions will be met. 1 December 2020. INTERNATIONAL: Alstom and Bombardier announced on December 1 that they had received ‘all necessary regulatory approvals’ required to complete the sale of Bombardier Transportation to Alstom. The deal has seen the Litchurch Lane works, which employs 2,000, among the assets transferred to the new owner. We strive to provide them with the most efficient and digital mobility systems, while further improving the environmental friendliness of our solutions. Protection mechanism guaranteeing minimum zero net cash as at 31-Dec-2020, [3] €2.6- 2.8bn equity to be provided by CDPQ through a reserved capital increase at closing, [6] Post cost synergies and implementation costs, and before PPA amortization, [7] Post equity raising transactions including rights issue. Alstom draws on its technological expertise and innovative capabilities to meet the current and future needs of operators and passengers. In addition, Alstom’s or Bombardier’s representatives may from time to time make oral forward-looking statements. Bombardier says net proceeds from deal with Alstom lower due to market conditions 2021-01-29 London, Ont., meat plant shut for 2 weeks amid COVID-19 outbreak affecting 82 workers However, both companies should fulfil some commitments. Rothschild & Co and Société Générale are acting as financial advisors to Alstom. Leading the way to sustainable and smart mobility - naturally. We will also further develop Bombardier Transportation’s historical presence in Québec, drawing on Québec’s well-established strengths in innovation and sustainable mobility. We are constantly looking for the right talents to solve real-world mobility challenges and invent the transport systems of tomorrow. All of which ensure operators the highest level of availability for their fleets, infrastructure and signalling systems. The transaction was notified to the Commission on 11 June. Indicative proforma shareholding after all equity raising transactions, including a … Bombardier Inc. has agreed to sell its rail division to France’s Alstom SA for US$6.3 billion to US$6.7 billion, which will be paid with a mix of cash and shares. Alstom’s Bombardier Rail Deal Wins Conditional EU Approval By . These forward-looking statements are subject to a number of risks, uncertainties and factors, including but not limited to: the failure of Alstom’s shareholders to approve the proposed transaction; the effect of regulatory conditions, if any, imposed by regulatory authorities; the reaction of Alstom’s and Bombardier’s customers, employees and suppliers to the proposed transaction; the ability to promptly and effectively integrate the business of Bombardier Transportation within of Alstom; the diversion of management time on transaction-related issues; and those risks described in disclosures that have been made or may be made with regulatory authorities such as the French Autorité des marchés financiers (the “AMF”) and/or the Autorité des marchés financiers (Québec). Post equity raising transactions including rights issue. This communication does not constitute or form any part of an offer to exchange or purchase, or solicitation of an offer to buy or exchange, any securities. Bombardier Transportation net cash position at closing to be retained by Alstom. This communication is not a prospectus, product disclosure statement or other offering documents for purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14th 2017. Should one or more of these risks or uncertainties materialize, or should underlying expectations or assumptions prove to be incorrect, the actual results, performance, financial condition and prospects of Alstom or Bombardier may vary materially from those expressed or implied in the relevant forward-looking statements. Bombardier and Alstom say they have received all the necessary regulatory approvals required to complete the US$8.4-billion sale of the Canadian company’s railway division to Alstom. Bombardier has finalized the term of the sale of its rail business to France-based Alstom, in a deal that will see the European trainmaker pay $350 million less that initially expected. In connection with the proposed transaction, Alstom may file (i) with the AMF, a prospectus and other relevant documents in connection with the proposed transaction and (ii) if applicable, with the relevant regulatory authorities important documents related to the proposed transaction. Bombardier Transportation will bring to Alstom complementary geographical presence and industrial footprint in growing markets, as well as additional technological platforms. We are working on a Healthier Mobility™ portfolio of ready-to-implement and in-development solutions organised in four domains, which preserve health, limit impact on the environment while maintaining equipment reliability. These infrastructure solutions, whether they are for urban or mainline projects, facilitate the integration of products as part of turnkey solutions. The Memorandum of Understanding organises the information and consultation process by Alstom and Bombardier of their respective Works Councils and contains exclusive commitments by both parties.[9]. All quotes delayed a minimum of 15 minutes. The acquisition of Bombardier Transportation is a one-time opportunity coming at the right moment for Alstom, having significantly strengthened its operational and financial profile over the past 4 years to accelerate its strategic roadmap, and adding to Alstom complementary commercial and industrial platforms. The transaction will also be subject to clearance from relevant regulatory authorities and anti-trust authorities. Alstom has completed the acquisition of Bombardier Transportation, creating a global mobility leader committed to respond to the increasing need for greener transportation worldwide. Alstom’s and Bombardier’s estimates are based on information obtained from third party sources, including professional organizations and other stakeholders in the markets where Alstom and Bombardier operate. We offer a complete range of customised services including maintenance, modernisation, parts & repairs and support. See here for a complete list of exchanges and delays. The European Commission has finally allowed Alstom to purchase Bombardier Transportation. Alstom will hold an analyst call on Monday 17 February at 6:30pm CET. Rating agencies act on Bombardier, Alstom after US$8B deal. Bouygues will remain an important shareholder of Alstom with around 10% of capital[8]. Britain granted Bombardier Inc.’s train unit 1.7 billion pounds ($2.3 billion) in export funding, bolstering an English plant ahead of a looming merger with France’s Alstom SA. As a result of greater efficiency and of a more robust operational profile, the transaction is expected to be double-digit EPS accretive from year 2 post closing[6] for Alstom shareholders. London (CNN Business) Alstom is pursuing a huge deal that could help it counter a growing threat from a Chinese rival. Pursuant to the terms of the acquisition, CDPQ (currently holding 32.5% of Bombardier Transportation), will become the largest shareholder of Alstom with approximately 18% of capital[7]. L e constructeur français Alstom a finalisé ce vendredi le rachat de son concurrent Bombardier Transport (BT), une opération d'un coût de 5,5 milliards d'euros. 2 in its industry behind China’s CRRC. Our strategic plan entitled "Alstom in Motion" has a clear ambition: be the leading global innovative player for a sustainable and smart mobility. Over the period 2016-2019[5], Alstom delivered strong sales development with an average annual growth of 5.5% outperforming the market, and significantly improved profitability (up to 7.5% adjusted EBIT margin). Post-transaction, Alstom will have a backlog of around €75bn and revenues around €15.5bn[1]. There can be no assurance that the proposed transaction will be consummated or that the anticipated benefits will be realised. CDPQ is a highly regarded strategic investor with a long-term investment approach and has a significant and successful track record in the rail industry. Alstom closes the Bombardier Transport deal for a €5.5 billion total consideration. We are deeply committed to step up the turnaround of Bombardier Transportation activities and deliver significant value to all stakeholders, particularly our customers. We will be thrilled to welcome all the talent and energy of Bombardier Transportation employees. This announcement includes forward-looking statements, including but not limited to statements relating to Alstom’s and Bombardier’s beliefs and expectations regarding the acquisition of Bombardier Transportation by Alstom and expectations regarding the proposed transaction, benefits that would be afforded to customers, benefits that are expected to be obtained as a result of the proposed transaction and the relevant parties’ ability to enhance shareholder value through, among other things, the delivery of cost savings and expected synergies. The signing of the Memorandum of Understanding has been unanimously approved by each of Alstom’s and Bombardier Inc.’s board of directors and the envisaged transaction is fully supported by CDPQ. Find the latest Alstom press releases and news, press kits, your regional press contacts and more! Alstom, owned 9.7% by French conglomerate Bouygues, launched a 2 billion-euro capital increase to finance the Bombardier deal in December after it had secured European Union antitrust approval six months earlier. The finalization of this Franco-Canadian deal comes on the heels of Canada’s Alimentation Couche-Tard dropping its approach to France’s Carrefour after the French government expressed its firm opposition to the deal. Closing is expected in the first half of 2021. European Union antitrust regulators have set a deadline of July 16 for a decision of whether to approve Alstom’s bid for Bombardier Transportation. Bombardier reaches US$8.2B deal to sell rail unit to France's Alstom. Our Standards: The Thomson Reuters Trust Principles. https://www.reuters.com/article/us-bombardier-m-a-alstom-idUSKBN29Y1K6 The dynamic is driven by urbanisation trend and a strong push for decarbonation of mobility. To lead in green and smart solutions, we innovate in six piority areas to respond to mid- and long term business drivers: green traction, road electromobility, eco-design and manufacturing, autonomous train, data driven rail mobility and multimodality and flow management. These statements are based on certain assumptions and reflect Alstom’s and Bombardier’s current expectations. Bouygues undertook to vote in favour of the transaction-related resolutions at this EGM. The total equity component of the financing will represent approximately €5bn, of which €2bn will be raised on the market. This communication is not a prospectus, product disclosure statement or other offering documents for purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14. French train-maker Alstom has completed a multi-billion dollar deal to buy the rail business of Bombardier, which has a major site in Derby. The new facility will have a five-year tenor with two one-year extension options. Bombardier rail unit's sale to Alstom may be completed sooner There's a new price and a new target date for finishing the deal Sep 16, 2020 3:55 PM By: Gary Rinne Post-transaction, Alstom will benefit from significant additional technologies and added R&D resources to consolidate its innovation leadership in sustainable mobility. Aoife White. But since the deal was first announced, Alstom has offered a number of concessions to allay antitrust fears, such as selling off some of its existing assets. It will significantly increase our innovation capabilities to lead smart and green innovation. Nous pouvons noter que les CA des deux entreprises en 2019 ont été forts comparables. Bombardier Inc. will sell its rail business to French train giant Alstom SA for US$350-million less than originally planned, as the deal moves ahead to an expected close by next spring. While synergy targets were reiterated, I remain concerned about the execution risks. Published on 03-08-2020 at 12:23. Our ambition is to accompany all transportation stakeholders in meeting tomorrow’s mobility challenges. Visit our career website to search our job openings or to create an account in our candidate database. In connection with the proposed transaction, Alstom may file (i) with the AMF, a prospectus and other relevant documents in connection with the proposed transaction and (ii) if applicable, with the relevant regulatory authorities important documents related to the proposed transaction. In Europe, the European Commission has set very ambitious targets in terms of CO2 reduction and several countries have announced large investments in rail. Neither Alstom nor Bombardier intends, nor assumes any obligation, to update or revise these forward-looking statements in light of subsequent developments, new information or circumstances that differ from those currently anticipated. CDPQ will reinvest c.€2bn corresponding to 100% of cash proceeds to be received from the sale of its stake in Bombardier Transportation and further invest €0.7bn[3] in Alstom, outlining its strong belief in the strategic rationale and value creation potential of the combination. million break-fee is payable at the termination of the Memorandum of Understanding by Alstom if it were not to pursue the transaction, 17/02/2020 Acquisition of Bombardier Transportation: Alstom analyst call, Alstom’s commitments (ESG) presentation - September 2020, Combined Shareholders’ Meeting (29/10/2020) – Notice of meeting (Brochure), Special Meeting of holders of shares with double voting rights (29/10/2020) – Notice of meeting (Brochure), A step-change acquisition to address the ever-increasing demand for sustainable mobility. Alstom has acquired Bombardier Transportation. Alstom completed the acquisition of Bombardier Transportation. Continuous research and development, combined with sound validation equipment and decades of return of experience on Alstom and non-Alstom trains, guarantee that our customers will receive both state-of-the art and validated solutions. CDPQ becoming a new long-term shareholder of Alstom. This acquisition will improve our global reach and our ability to respond to the ever-increasing need for sustainable mobility. The group will also further develop its presence in Québec, Canada. We offer a complete range of sustainable solutions for tracklaying, electrification and the supply and installation of electromechanical material along the entire track, in stations and depots. It is fully supportive of the transaction and undertook to vote in favor of the transaction-related resolutions at the EGM. Excellent strategic rationale bringing to Alstom: CDPQ to become the largest shareholder of Alstom with c.18% of the capital, complementary geographical presence to broaden Alstom’s commercial reach in key growing markets leveraging on Bombardier’s successful historical track record in Germany, UK, North America and its unique presence in China, attractive rolling stock additions to Alstom’s portfolio establishing a comprehensive offering across all rail segments to better address customers’ needs for fit-for-purpose mobility solutions, notably with selective niches such as Monorail, People Mover and bringing strong expertise recognition through the development of local specific solutions to blue-chip clients. Alstom, Bombardier, CDPQ, nor their respective affiliates, directors, officers, advisors and employees have not independently verified the accuracy of any such market data and … To learn more about Bombardier Transportation global footprint,visit rail.bombardier.com. En effet, le CA de Bombardier Transport en 2019 est de 7.7 milliards d’euros alors que celui d’Alstom est de 8.1 milliards d’euros. Bombardier cements Alstom deal, but will pocket less than expected in rail unit sale MONTREAL — Bombardier Inc. has cemented the terms of its rail division sale to Alstom SA in a multibillion-dollar deal that will bolster the plane-and-train maker's books but leave it with less than originally expected. Cleary Gottlieb Steen & Hamilton is acting as lead legal advisor to Alstom. Effective 29 January 2021, Alstom completed the acquisition of Bombardier Transportation. Bombardier Transportation is a reference player in global rail transportation with a €32bn backlog and €7.4bn sales as of December 2019. Any such offer or solicitation will be made only pursuant to an official offer documentation approved by the appropriate regulators. The combined group will have 15.7 billion euros in revenues with an order book of 71.1 billion euros and 75,000 employees in 70 countries. Stephanie Bodoni. We offer extensive range of proven and modular components for all types of railway vehicles. These supplemental financial measures should not be viewed in isolation or as alternatives to measures of [Alstom] and [Bombardier Transportation]’ net assets and financial position or results of operations as presented in accordance with IFRS in its Consolidated Financial Statements. (CP) MONTREAL – Bombardier Inc. has cemented the terms of its rail division sale to Alstom SA in a multibillion-dollar deal that will bolster the plane-and-train maker’s books but leave it with less than originally expected. This turnkey approach optimises project execution and transport system performance. Alstom-Bombardier deal to complete in January. Alstom shareholders voted to approve the deal on Oct. 29. Over the period 2016-2019, significant assets for Alstom services business with access to the largest installed train fleet worldwide and a wide maintenance facilities network in a high value segment and opening new opportunities with a strengthened market coverage and service offering, complementary and strategic new geographies in signalling enabling Alstom to accelerate the roll-out of its solutions leveraging on new market access and highly qualified employees consolidating Alstom capabilities in a strategic segment, complete innovation portfolio and significant engineering and R&D resources to lead smart and green mobility innovations, best cost industrial footprint including in Eastern Europe, Mexico and China and complementary footprint in mature markets e.g.

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