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    BBD.B   CA0977512007

BOMBARDIER INC.

(BBD.B)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 05/14 04:15:13 pm
0.87 CAD   +1.16%
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Bombardier : offloads Alstom stake for $608.4 mln

05/04/2021 | 10:16pm EDT
FILE PHOTO: Bombardier's logo is seen on the building of the company's service centre at Biggin Hill

MONTREAL, May 4 (Reuters) - Bombardier Inc sold its 3.1% stake in French rail giant Alstom SA for 506.2 million euros ($608.4 million) through a book building process to institutional investors, the Canadian business jet maker said on Tuesday.

The stake was acquired as part of a 5.5 billion euro sale of its rail business to the French firm. The deal, which was completed in January, has turned Bombardier into a pure play business jet maker.

Bombardier said following the settlement of the offering, the company will have fully exited its stake in Alstom.

Montreal-based Bombardier said its holdings of 11.5 million shares in Alstom were sold at 44 euros each.

The offering will take place on May 7, the company said.

Bombardier closed down 2.11% in Toronto trading, while Alstom shares ended flat in Paris. ($1 = 0.8320 euros) (Reporting By Allison Lampert in Montreal and Sabahatjahan Contractor in Bengaluru; Editing by Cynthia Osterman and Anil D'Silva)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALSTOM 2.76% 44.35 Real-time Quote.-4.85%
BOMBARDIER INC. 1.16% 0.87 Delayed Quote.81.25%
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Financials (USD)
Sales 2021 5 858 M - -
Net income 2021 -745 M - -
Net Debt 2021 5 308 M - -
P/E ratio 2021 1,49x
Yield 2021 -
Capitalization 1 798 M 1 799 M -
EV / Sales 2021 1,21x
EV / Sales 2022 1,14x
Nbr of Employees 45 550
Free-Float 88,2%
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Technical analysis trends BOMBARDIER INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 0,76 $
Last Close Price 0,72 $
Spread / Highest target 71,9%
Spread / Average Target 5,93%
Spread / Lowest Target -77,0%
EPS Revisions
Managers and Directors
NameTitle
╔ric Martel President, Chief Executive Officer & Director
Bart W. Demosky Chief Financial Officer & Executive Vice President
Pierre Beaudoin Chairman
Franšois Caza Chief Technology Officer
Ernest Jeffrey Hutchinson Chief Information Officer
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