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Bombardier receives arbitration notice from Alstom

04/26/2022

Less than a minute

2022.04.26 01:46

Bombardier receives arbitration notice from Alstom
FILE PHOTO: Logo of Bombardier is seen at an office building in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann

(Reuters) – Bombardier (OTC:BDRBF) Inc said on Monday it received a notice from French train maker Alstom (EPA:ALSO) SA requesting arbitration before the International Chamber of Commerce relating to the business jet maker’s sale of its rail business.

Alstom is alleging Bombardier is in breach of certain contractual provisions, the business jet maker said in a statement.

Alstom was not immediately available for a comment.

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04/26/2022

Less than a minute