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Canadian Railroads > Quebec pension fund to buy a share of Bombardier RailDate: 11/19/15 13:06 Quebec pension fund to buy a share of Bombardier Rail Author: Lackawanna484 A newly formed company will hold Bombardier's rail assets, and the Quebec pension fund has agreed to own 30% of that new business. They describe the rail business as global, resilient, and cash generating. The effect will be to separate the rail business from the troubled aerospace business.
Globe & Mail:Montreal-based Bombardier said on Thursday it has struck a deal with the Caisse for a $1.5-billion convertible share investment in a newly created holding company, Bombardier Transportation (Investment) UK Ltd.The new company, with its own board headed by Bombardier chief Alain Bellemare, will hold all of the assets of Berlin-based Bombardier Transportation, the company’s rail division. Rail is resilient Date: 11/19/15 18:36 Re: Quebec pension fund to buy a share of Bombardier Rail Author: 4489 Oh boy! Now I own a part of the C-Series program and a part of the rail business!
My tax dollars at work! Insert sarcasm logo! Date: 11/20/15 03:52 Re: Quebec pension fund to buy a share of Bombardier Rail Author: Ray_Murphy 4489 Wrote:
------------------------------------------------------- > Oh boy! Now I own a part of the C-Series program > and a part of the rail business! > > My tax dollars at work! Insert sarcasm logo! Peter Hadekel wrote this book in 2004: http://www.amazon.ca/Silent-Partners-Taxpayers-Bankrolling-Bombardier/dp/1552636267 Nothing has changed. Ray |