Bombardier says not in talks with Siemens on rail deal

Canadian plane and train maker Bombardier Inc (BBDb.TO) denied a report on Wednesday that it is in talks with German engineering group Siemens AG (SIEGn.DE) on merging their rail units.

The denial by a spokeswoman for Montreal-based Bombardier followed a Wall Street Journal report on Wednesday that cited unnamed sources as saying that Bombardier and Siemens were in such talks.

The newspaper said Bombardier was also in talks with other potential partners. The company said earlier this year it was exploring a public listing of a minority stake in its railway-equipment unit.

Siemens declined to comment on the report.

READ MORE: Bombardier says not in talks with Siemens on rail deal

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