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    Oct 4, 2017

    Bombardier will be absorbed by newly merged Siemens-Alstom: French Finance Minister

    Reuters

    Bombardier

    A commuter rail car is shown under construction at the Bombardier Transport plant in La Pocatière Que. in this 2003 file photo. , The Canadian Press

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    The merged Siemens-Alstom rail company will eventually absorb Canadian rival Bombardier (BBDb.TO) and a Spanish competitor in the face of emerging Chinese giants, French Finance Minister Bruno Le Maire said on Wednesday.

    "I am convinced that this merger will integrate in due time Bombardier and the Spanish manufacturer," Le Maire told lawmakers grilling him about the cross-border merger of French TGV-maker Alstom and its German rival.