July 31, 2020 / 6:43 AM / 4 days ago

Head of Alstom optimistic over talks with EU on Bombardier deal

FILE PHOTO: Henri Poupart-Lafarge, Chairman and Chief Executive Officer of Alstom, arrives to attend a state dinner at the Elysee Palace in Paris, France, April 10, 2018. REUTERS/Philippe Wojazer

PARIS (Reuters) - Alstom’s (ALSO.PA) chairman and CEO Henri Poupart-Lafarge on Friday expressed optimism over the outcome of talks with European Union regulators, expected later in the day, over its acquisition of Bombardier’s (BBDb.TO) rail business.

“We await with confidence the decision of the European Commission, which should arrive during the day,” he told France Inter radio.

Sources told Reuters this week that Alstom was set to gain EU antitrust approval to buy the business, a deal which would make the French rail maker the world’s second largest behind Chinese leader CRRC Corp (601766.SS).

Poupart-Lafarge also said Alstom, which makes French TGV high-speed trains, had received expressions of interest from possible buyers of its Reichshoffen site in France.

Reporting by Sudip Kar-Gupta; editing by John Stonestreet

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