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Alstom-Bombardier deal wins conditional approval in South Africa

( November 23, 2020, 17:00 GMT | Official Statement) -- MLex Summary: Plans by French rail-transport company Alstom to acquire control of Bombardier Transportation have been cleared by South Africa's competition-specialist court, on condition that the companies make particular locomotive-signaling systems and related spare parts available for the whole lifecycle of such products. The businesses must also ensure repair and maintenance support in the country post-merger. In addition, the parties confirmed that they would continue their existing enterprise and supplier development programs in South Africa after of the transaction, the court said.Statement follows. ...

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