Alstom : EU green light for Bombardier Transportation takeover: the stock has upside
>Takeover cleared without phase II review - On 31 July, the European Commission announced the clearance of Alstom’s takeover of Bombardier Transportation (BT) without a full phase II investigation. Completion of the deal is still slated for H1 2021. Notably, Alstom will have to get it approved at an EGM, probably in October, in addition to obtaining other regulatory approvals. But the announcement removes the uncertainties of a long investigation, as well as the risks...Alstom serves the power generation and transmission markets, and rail transport market. Co.'s activities are divided into four sectors: the Thermal Power Sector (Co. offers power generation solutions using gas or coal to services including plant modernization, maintenance and operational support); the Renewable Power sector offers EPC solutions, turbines and generators, control equipment and maintenance for Hydropower and Wind power activities; the Grid Sector designs and manufactures equipment and turnkey solutions to manage power grids and transmit electricity from the power plant to the large end-user; and the Transport Sector provides rail transport products, systems and services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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