posted on 7th Aug 2020 00:29
On 6 August Bombardier Transportation announced that it signed a contract for rolling stock with an undisclosed customer in Europe. The order is valued at approximately 319 million EUR.
Bombardier Transportation explained: "This is background information, not to be quoted. It may seem funny but actually it is very serious regulatory business. There are responsibilities that come with a publicly traded company when you sign a material contract and that for some reason you cannot communicate the name of the customer until further notice. In a nutshell we must inform the market ASAP after a material contract is binding."