11:40 AM EST - Bombardier Inc. : announced that its BT Signaling B.V. division has signed an agreement to purchase a stake in the signalling equipment manufacturer United Electrical Engineering Plants, known as Elteza. Elteza is a subsidiary of Russian Railways (RZD). Initially, BT Signaling B.V. will purchase a 25% stake in Elteza. Following further approval, BT Signaling B.V. will increase its stake to nearly 50%. RZD will remain the majority shareholder. The agreement was signed at a ceremony in Moscow on December 13, attended by Pierre Beaudoin, President and CEO of Bombardier Inc. and Vladimir Yakunin, President of Russian Railways. Bombardier Inc.
shares T.BBD.B are trading up $0.01 at $4.64.
