Bombardier Possible Rail Sale Seen at Up to $5.4 Billion
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Bombardier Inc. may fetch as much as $5.4 billion if it decides to sell its rail unit, which has played a “stabilizing role” amid the struggles at the company’s aerospace business, according to AltaCorp Capital.
Bombardier is discussing options with bankers about its rail business that could include a full or partial sale of the business or an initial public offering, Reuters reported, citing people familiar with the matter whom it didn’t identify. The shares rose 1.5 percent to C$2.64 at the close in Toronto. They have fallen 36 percent this year.