Bombardier confirms the closing of the C Series transaction
01 Juli 2018 - 3:11PM
The closing of the previously announced C Series transaction
between Airbus SAS, a wholly-owned subsidiary of Airbus SE
(EPA:AIR), Bombardier Inc. (TSX:BBD.B) and Investissement Québec
came into effect on July 1, 2018. Airbus now owns a 50.01% majority
stake in C Series Aircraft Limited Partnership (CSALP), while
Bombardier and Investissement Québec (acting as mandatory for the
government of Québec) own approximately 34% and 16% respectively.
CSALP’s head office, primary assembly line and related functions
are based in Mirabel, Québec.
Furthermore, as previously announced, Bombardier has issued
today in the name of Airbus SAS warrants exercisable for a total
number of 100,000,000 Class B shares (subordinate voting) in the
capital of Bombardier, exercisable for a period of five years at an
exercise price per share equal to $1.74 US, being the U.S. dollar
equivalent of $2.29 Cdn on June 29, 2018.
About Bombardier With over 69,500 employees
across four business segments, Bombardier is a global leader in the
transportation industry, creating innovative and game-changing
planes and trains. Our products and services provide world-class
transportation experiences that set new standards in passenger
comfort, energy efficiency, reliability and safety.
Headquartered in Montreal, Canada, Bombardier has production and
engineering sites in 28 countries across the segments of
Transportation, Business Aircraft, Commercial Aircraft and
Aerostructures and Engineering Services. Bombardier shares are
traded on the Toronto Stock Exchange (BBD). In the fiscal year
ended December 31, 2017, Bombardier posted revenues of $16.2
billion US. News and information are available at bombardier.com or
follow us on Twitter @Bombardier.
Bombardier is a trademark of Bombardier Inc.
For
informationSimon LetendreManager, Media Relations and
Public AffairsBombardier Inc.+1 514 861 2650 |
Patrick
GhocheVice President, Investor RelationsBombardier Inc.+1 514 861
5727 |
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