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Business deals

Alstom strikes at China rail dominance with Bombardier buy

$8.2bn deal aims to counter Belt and Road advance into Africa

An Alstom train undergoes maintenance by French state-owned railway company SNCF at a site in Sotteville-les-Rouen, France.   © Reuters

PARIS -- French train maker Alstom is set to take over a railway unit of Canada's Bombardier in an $8.2 billion deal intended to give it the scale to better compete with China's CRRC, the global market leader.

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