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Alstom sells train ownership to Spanish CAF

After taking over the Bombardier train division, the French rail technology group Alstom is selling ownership rights to trains previously manufactured at the Hennigsdorf plant near Berlin to the Spanish rail company CAF.

The rights to the Talent 3 trains are affected, Alstom announced on Wednesday in Paris. The EU Commission had given up some activities to initiate the merger of Alstom with the Canadian rail giant Bombardier, Alstom justified the step. The ownership rights to the Coradia Polyvalent trains and the plant in Reichshoffen in Alsace will also be transferred to CAF.

As Alstom spokesman Stefan Brauße said, no parts of the factory or production halls in Hennigsdorf would be sold. “Nobody in production in Hennigsdorf is affected.” Only up to 25 engineers would switch to CAF. The last contracts for Talent 3 trains from the Bombardier takeover would be processed at the Alstom plant in Bautzen. Production of these trains has already been completed in Hennigsdorf. Various other train models are in production in Hennigsdorf.

In addition to investments in France, CAF also announced increased activities on the German market. The planned takeover is subject to the conclusion of social agreements, consultations with employee representatives and official approvals. The acquisition is expected to close between April and September 2022.

Alstom had completed the billion dollar takeover of Bombardier at the end of January and wants to stand up to the Chinese world market leader CRRC. Around two years ago, an initially planned merger between Alstom and the train division of Siemens failed due to resistance from EU competition officials.

PARIS / HENNIGSDORF (dpa-AFX)

Reference-www.finanzen.at

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