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Bombardier confirms closing C Series deal
The closing of the previously announced C Series transaction between Airbus SAS, a wholly owned subsidiary of Airbus SE, Bombardier Inc., and Investissement Québec came into effect on July 1, 2018. Airbus now owns a 50.01 per cent majority stake in C Series Aircraft Limited Partnership (CSALP).
July 3, 2018 By Wings Staff
Related: Airbus, Bombardier to close C Series deal July 1
Bombardier and Investissement Québec (acting as mandatory for the government of Québec) own approximately 34 per cent and 16 per cent, respectively. CSALP’s head office, primary assembly line and related functions are based in Mirabel, Québec.
As previously announced, Bombardier has issued today in the name of Airbus SAS warrants exercisable for a total number of 100,000,000 Class B shares (subordinate voting) in the capital of Bombardier, exercisable for a period of five years at an exercise price per share equal to $1.74 US, being the U.S. dollar equivalent of $2.29 Cdn on June 29, 2018.
Related: Bombardier completes sale of Downsview facility
