Bombardier to fight Alstom's claim on rail deal in arbitration
Reuters
Published Apr 25, 2022 06:21PM ET
Updated Apr 25, 2022 08:31PM ET
(Reuters) -Bombardier Inc said on Monday it would defend itself against a request for arbitration by Alstom (EPA:ALSO) SA Bombardier (OTC:BDRBF) said it received a notice from Alstom requesting arbitration before the International Chamber of Commerce. Alstom is alleging that Bombardier is in breach of certain contractual provisions, the business jet maker said in a statement. Bombardier, which is to report quarterly earnings on May 5, said the proceedings could last several years.
Alstom was not immediately available for comment.
French train maker Alstom bought the Bombardier rail business in January 2021 for 5.5 billion euros.
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Written By: Reuters
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