Bombardier Transportation is the rail equipment division of the Canadian firm Bombardier Inc. The government announced on Thursday that the transaction is of “national strategic significance”, and so it is exempted from the scrutiny of the Competition Office.
The price of the transaction was not disclosed in the ministry’s statement. The transaction was made based on a decision by the National Development Ministry. The ministry said the acquisition would ensure the future employment of the staff of almost 370 at the company. MÁV holds 25% of the JV.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
