(Paris) The group announced on Wednesday that Alstom will transfer its stake in its new partner Bombardier to Japanese group Hitachi on the Zefiro V300 high-speed train as part of a commitment required by the European Commission.
“The transaction is part of an Allstom V300 Zefiro’s commitment to the European Commission regarding the acquisition of Bombardier Transport,” the group said in a statement.
Designed by Bombardier and Ansaldobreda, the V300 is equipped with the Frexiarosa lines of Trinitaria. The transaction is scheduled to be completed in the first half of 2022 after consultation with employee representation agencies and regulatory approvals.
“Alstom has now fulfilled its obligations in terms of disposal required by the Commission decision” and “continues to honor its responsibilities within the existing order framework for rolling stock from Trenitalia and ILSA to ensure a perfect transition”, the French group continued.
In early January 2021, Alstom became the world number two in the sector by acquiring its rival Bombardier’s transport division for .5 5.5 billion.
In exchange for the certification of the merger by the European Commission, Alstom will sell its Reichsofen regional railway plant to the Spanish company CAF.