Bombardier Plans IPO for Transportation Unit

Canadian company to list shares of rail business in Germany

2015-05-07
JON OSTROWER and BEN DUMMETT CONNECT

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Bombardier's CS300 Aircraft. Bombardier said the IPO of Bombardier Transportation is expected to take place in the fourth quarter of this year. CHRISTINNE MUSCHI/REUTERS

MONTREAL— Bombardier Inc., BBD.B.T +2.76% struggling under the weight of multiple new aircraft programs, said on Thursday it would spin off part of its rail business. The move is aimed at shoring up the company’s balance sheet.

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