Bombardier shareholder urges look at working with Chinese company

RELATED TOPICS: CANADA | SUPPLIERS | PASSENGER
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Bombardier
QUEBEC CITY, Quebec — Bombardier's largest shareholder says the Canadian company should consider throwing in with China-based CRRC — the largest-in-the-world rail rolling stock and equipment maker.

Quebec's provincial pension system's chief Michael Sabia tells news agency Reuters that Bombardier executives need to look at "everything. Every oppotunity that comes up ought to be looked at."

The urging comes weeks after rail rivals Alstom, in France, and Siemens, in Germany, announced a merger, which would create the world's second largest rail supplier after the China Rail-Rolling Stock Corp.

Reuters reports that a French government official said a Siemens-Alstom merger could include Bombardier, but Sabia rejected the proposal as difficult to accomplish.

The Quebec pension system, Caisse de depot et placement du Quebec, owns a 30-percent stake in the Canadian company.

See the original article online.
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