The Business Times
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Bombardier planning to list minority stake in rail unit

Published Fri, May 8, 2015 · 09:50 PM

Toronto

BOMBARDIER Inc outlined plans on Thursday to list a minority stake in its rail unit as it reported a quarterly profit that topped market expectations but also warned that it may cut production of its profitable Global business jets.

The company expects to launch an initial public offering of the rail division in the fourth quarter with the main listing likely to be in Germany, where the business is headquartered.

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