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Bombardier CEO not expecting short-term changes in rail division

Reuters  |  MONTREAL 

MONTREAL (Reuters) - Bombardier's Chief Executive Alain Bellemare said on Tuesday he will continue "assessing the competitive landscape," but doesn't expect of two European rivals to drive big short-term changes in the Canadian company's rail division.

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PA> and Germany's Siemens AG , with whom had previously held consolidation talks, could create "opportunities moving forward," Bellemare said at 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)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 15 2017. 01:57 IST