Deals
Bombardier Said to Hire UBS, Citigroup to Work on Rail Sale
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Bombardier Inc., the Canadian plane and train maker, has hired UBS Group AG and Citigroup Inc. to advise on a potential initial public offering or sale of its rail unit, according to people familiar with the matter.
The rail business could be valued at about $5 billion in a sale, said the people, who asked not to be identified because talks are private. An IPO of a stake in the Berlin-based division, possibly in Germany, or a sale may take place this year, though no final decision has been made, they said.