China's Top Train Companies Look To Buy Canadian Assets: Report

MarketWatch Pulse

China's two top makers of trains, currently reported to be in merger talks, are also seeking a joint purchase of a controling stake in the rail unit of Canada's Bombardier Inc. , Reuters said Wednesday citing two unnamed sources with knowledge of the matter. Such an acquisition by China CNR Corp. and CSR Corp. would dovetail with their plans to sell high-speed-rail technology overseas, the report said. However, a deal could run into political opposition ahead of Canada's general election slated for October, and Bombardier may seek job guarantees as part of a transaction, the report said. Bombardier already has joint ventures with both China CNR and CSR.

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