Issued on: 18/02/2020 – 08:38Modified: 18/02/2020 – 08:38 French company Alstom said on Monday it had agreed to buy the rail division of Bombardier, speeding up the Canadian firms fire sale. Advertising Read more Alstom will pay up to 6.2 billion euros ($6.8 billion) in a mix of cash and shares, according to a memorandum of understanding between the firms. The Quebec pension firm Caisse de Depot, which owns 32.5 percent in Bombardier Transportation, will become Alstoms biggest single shareholder on completion with around 18 percent in the French company. Alstom said it planned to move its Americas headquarters to Montreal. Improve global reach “This acquisition will improve our global reach and our ability to respond to the ever-increasing need for sustainable mobility,” said CEO Henri Poupart-Lafarge. “There is no idea of restructuring or threats to jobs, but rather the opposite,” he later told journalists. The acquisition stood to boost Alstoms presence in markets wher..