Bombardier CEO not expecting short-term changes in rail division

Updated: Wed, Nov 15, 2017
01:58 am
Reuters
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Bombardier`s Chief Executive Alain Bellemare said on Tuesday he will continue "assessing the competitive landscape," but doesn`t expect a merger of two European rivals to drive big short-term changes in the Canadian company`s rail division.

The planned merger of France`s Alstom SA and Germany`s Siemens AG , with whom Bombardier had previously held consolidation talks, could create "opportunities moving forward," Bellemare said at a Goldman Sachs conference in Boston, without specifying further.

"Short-term – one year, two years, three years, I don`t see any change to be honest with you,” he said. "And even these big mergers will take time - assuming they get the green light."

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