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ALSTOM has agreed to divest its Coradia Polyvalent platform, its Reichshoffen production site in France and its Talent 3 platform, currently developed in Hennigsdorf, Germany, to CAF. The divestment was set by the European Commission as a condition for the approval of Alstom’s acquisition of Bombardier Transportation in January.
CAF says it is pleased with the transaction which will enable it to continue its development thanks to the skills and know-how of the sites.
The requirements set by the commission also included:
Škoda had been the front runner to benefit from the divestment, with Alstom chairman and CEO, Mr Henri Poupart-Lafarge, telling IRJ in February that Alstom was in exclusive negotiations with the Czech manufacturer over the Coradia Polyvalent platform and Talent 3 platforms, the Reichshoffen and Hennigsdorf sites, and the signalling systems.
An Alstom spokesperson told IRJ following the announcement that “the aim was to find a single buyer for the Coradia Polyvalent platform, the sale of the Reichshoffen site and the Talent 3 product platform, while taking into consideration our employees and our customers. With this transaction we are confident that CAF will ensure sustainable employment and growth opportunities for those involved.”
Škoda has been approached for comment.
Alstom and CAF say the divestment will be subject to the completion of the applicable social processes and consultations with employee representatives’ bodies and to regulatory approvals. Closing of the transaction is expected between April and September 2022.
This article first appeared on www.railjournal.com
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