By Arno Schuetze, John Tilak and Euan Rocha
FRANKFURT/TORONTO (Reuters) - Bombardier Inc's (TO:BBDb) plan to sell a minority stake in its rail unit via an initial public offering in Germany has been put on the backburner and any listing may now only occur in the second quarter of 2016, four sources familiar with the matter.
With Bombardier running a dual-track process on the asset, the sale of a minority stake to a single entity or consortium is emerging as a more viable option, said the sources, who were not authorized to publicly discuss the matter.
A spokeswoman for Bombardier was not immediately reachable for comment.