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Bombardier CEO not expecting short-term changes in rail division

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Bombardier CEO not expecting short-term changes in rail division

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MONTREAL (Reuters) – Bombardier’s <BBDb.TO> Chief Executive Alain Bellemare said on Tuesday he will continue “assessing the competitive landscape,” but doesn’t expect a merger of two European rivals to drive big short-term changes in the Canadian company’s rail division. The planned merger of France’s Alstom SA <ALSO.PA> and Germany’s Siemens AG <SIEGn.DE>, with whom Bombardier had previously held consolidation talks, could create “opportunities moving forward,” Bellemare said at a Goldman Sachs conference in Boston, without specifying further. “Short-term – one year, two years, three years, I don’t see any change to be honest with you,” he said. “And even these big mergers will take time – assuming they get the green light.”

(Reporting by Allison Lampert; Editing by Chizu Nomiyama)
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