The transaction, worth between €5.5bn and €5.9bn, is now expected to close on January 29 2021.

Alstom signed a sale and purchase agreement with Bombardier and Caisse de dépot et placement du Québec (CDPQ) for the acquisition of Bombardier Transportation in September, after the European Commission (EC) approved the sale in July.

Alstom announced its plan to acquire 100% of Bombardier Transportation’s shares in February. The move will create the second largest manufacturer in the rail sector behind CRRC.

Under the deal, CDPQ, which currently holds a 32.5% stake in Bombardier Transportation, will become Alstom’s largest shareholder with around 18% of capital. CDPQ will reinvest about €2bn in Alstom plus an additional €700m. Bouygues will remain a shareholder in Alstom with around 10% of capital.