Bombardier Gets $1.5 Billion Caisse Deal, Drops Rail IPO

Updated on
  • Agreement adds to cash haul after Quebec's C Series rescue
  • Fund manager sees itself as ``a visible, vocal partner'

Bombardier Inc., draining cash from delays for its new jets, agreed to sell 30 percent of its rail business to Quebec’s pension fund manager for $1.5 billion instead of holding an initial public offering.

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