(Rephrases headline to remove reference to Alstom for net proceeds.)
Sept 16 (Reuters) - Alstom SA ALSO.PA :
* REG-ALSTOM SA: KEY MILESTONE ON ALSTOM'S ACQUISITION PROJECT OF BOMBARDIER TRANSPORTATION: SIGNED SALE AND PURCHASE AGREEMENT1 UNDER REVISED PRICE TERMS
* NET PROCEEDS EXPECTED NOW UP TO EUR 5.3 BN AGAINST A RANGE OF EUR 5.8 - EUR 6.2 BN PREVIOUSLY AGREED
* A EUR 300M REDUCTION IN PRICE RANGE HAS BEEN AGREED WITH BOMBARDIER INC AND CDPQ
* CLOSING NOW EXPECTED IN Q1 2021
* CONFIRMS ITS OBJECTIVES TO DELIVER EUR 400M RUN RATE COST SYNERGIES IN YEAR 4 TO 5 AND TO RESTORE BOMBARDIER TRANSPORTATION MARGIN TOWARDS STANDARD LEVEL IN MEDIUM TERM
* TRANSACTION IS EXPECTED TO BE DOUBLE DIGIT EPS ACCRETIVE IN YEAR 2 POST CLOSING AND TO PRESERVE ALSTOM'S STRONG CREDIT PROFILE WITH A BAA2 RATING