Alstom has announced that it has agreed to divest its Coradia Polyvalent platform, its Reichshoffen production site in France and its TALENT 3 platform, currently developed in Hennigsdorf, Germany to CAF.
The divestment of the relevant businesses was a condition for the clearance of the Alstom/Bombardier transaction by the European Commission.
CAF is pleased with this transaction which will enable it to continue its development thanks to the skills and know-how of the concerned sites.
CAF continues to invest in France consolidating its position in this country and at the same time the Group will boost its activities in the German and centre European markets.
The divestiture project will be subject to the completion of the applicable social processes and consultations with employee representatives’ bodies and to regulatory approvals.
Closing of the transaction is expected between April and September of 2022.