Bombardier to fight Alstom’s claim on rail deal in arbitration

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Updated: Apr 26, 2022, 00:36 UTC

(Reuters) - Bombardier Inc said on Monday it received a notice from French train maker Alstom SA requesting arbitration before the International Chamber of Commerce relating to the business jet maker's sale of its rail business.

(Reuters) -Bombardier Inc said on Monday it would defend itself against a request for arbitration by Alstom SA

Bombardier said it received a notice from Alstom requesting arbitration before the International Chamber of Commerce. Alstom is alleging that Bombardier is in breach of certain contractual provisions, the business jet maker said in a statement.

Bombardier, which is to report quarterly earnings on May 5, said the proceedings could last several years.

Alstom was not immediately available for comment.

French train maker Alstom bought the Bombardier rail business in January 2021 for 5.5 billion euros.

(Reporting by Arunima Kumar in Bengaluru and Allison Lampert in Montreal; Editing by Krishna Chandra Eluri and Leslie Adler)

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