July 22, 2020 / 8:45 AM / 22 days ago

Alstom expects EU approval by end of July to buy Bombardier rail unit, CEO says

PARIS, July 22 (Reuters) - French TGV high-speed train maker Alstom expects to secure European Union approval by the end of the month to buy Bombardier’s rail business, Chief Executive Henri Poupart-Lafarge said on Wednesday.

Poupart-Lafarge also told a parliamentary hearing that Alstom hoped to find a solid candidate to buy its French site in Reichshoffen in eastern France.

Reporting by Gwenaelle Barzic; Writing by Matthieu Protard; Editing by Edmund Blair

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