Bombardier (BBD-B.TO) plans an IPO carve-out of its rail business

Bombardier (BBD-B.TO) outlined plans to carve-out, via IPO, a minority share of its rail business. The initial public offering is expected in the fourth quarter and the main listing is likely to be in Germany, where its rail business is headquartered. It acquired a large chunk of the rail business through its purchase of Adtranz from DaimlerChrysler in 2001. Source