(Paris) Alstom will transfer the share of its new partner Bombardier in the Zefiro V300 high-speed train to the Japanese group Hitachi, as part of the commitments required by the European Commission, the group announced on Wednesday.
“This transaction is part of the commitments concerning the V300 Zefiro made by Alstom to the European Commission in connection with the acquisition of Bombardier Transport,” the group said in a press release.
Designed by Bombardier and AnsaldoBreda, the V300 equips the Frecciarossa lines of Trenitalia. The transaction is scheduled to be completed in the first half of 2022, after consultation with employee representative bodies and regulatory approvals.
“Alstom has now fulfilled its commitments in terms of disposal as required by the Commission decision”, and “will continue to honor its obligations within the framework of the existing orders for rolling stock from Trenitalia and ILSA in order to ensure a perfect transition” , continued the French group.
At the beginning of January 2021, Alstom became the world number two in the sector by completing the acquisition of the Transport division of its competitor Bombardier, for 5.5 billion euros.
In return for the validation of the merger by the European Commission, Alstom will also sell its Reichshoffen regional train plant to the Spanish company CAF.