BOMBARDIER: The European Commission announced on February 1 that had approved the agreement announced on November 19 which will see Canadian pension and insurance investor Caisse de Dépôt et Placement du Québec invest US$1·5bn to acquire a 30% stake in Bombardier Transportation (Investment) UK Ltd, a new UK-registered holding company for Bombardier Inc’s Transportation business.

The Commission said the normal merger review procedure had concluded that the deal would raise no competition concerns, because the companies’ activities do not overlap and CDPQ controls no company which would have a significant position as a customer or supplier.