Bombardier completes sale of Downsview facility

June 12, 2018
Written by Bombardier
Bombardier has confirmed the completion of the previously announced sale of its Downsview property to the Public Sector Pension Investment Board for approximately $635 million US. This sale increases Bombardier’s cash position by more than $550 million US net of transaction and other associated costs.

Pursuant to a lease agreement with the purchaser, Bombardier will continue to operate from Downsview for a period of up to three years, with two optional one-year extension periods.

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