French company Alstom confirms legal claim against Bombardier
Reuters
Published Apr 26, 2022 03:27AM ET
PARIS (Reuters) - French transport infrastructure company Alstom (EPA:ALSO) confirmed on Tuesday that it had filed a request for arbitration before the International Chamber of Commerce regarding its earlier purchase of Bombardier (OTC:BDRBF) Transportation.
"The claim is against Bombardier Inc. and relates to the breach of certain contractual provisions of the sale and purchase agreement dated September 16, 2020," said Alstom in a statement.
Bombardier had earlier said it would defend itself against Alstom's legal action.
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Written By: Reuters
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