Bombardier receives arbitration notice from Alstom

Logo of Bombardier is seen at an office building in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann

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April 25 (Reuters) – Bombardier Inc (BBDb.TO) said on Monday it received a notice from French train maker Alstom SA (ALSO.PA) 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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Reporting by Arunima Kumar in Bengaluru; Editing by Krishna Chandra Eluri

Our Standards: The Thomson Reuters Trust Principles.

source: reuters.com