(Reuters) – Alstom SA has reached a preliminary deal to buy Bombardier Inc’s train business for more than $7 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

Quebec pension giant Caisse de dépôt et placement, which owns a 32.5% stake in Bombardier’s train unit, has agreed to sell its stake to Alstom and buy a minority stake in the combined train company, the report added on.wsj.com/2wh5tMB.