Derailed train M&A spells poor EU antitrust revamp LiamWardProud
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EU competition chief to give news conference on merger cases at 1045 GMTEU antitrust chief Margrethe Vestager will hold a news conference in Brussels co...
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Rail Mega-Merger, Seen as Bid to Counter China, Gets Final Blow From EUThe European Union blocked a planned merger between the rail units of Germany’s Siemens and France’s Alstom, a move critics said would hamper Europe’s ability to compete with China.
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EU blocks plan for Alstom-Siemens rail mergerThe European Union blocked the rail deal between Alstom and Siemens on Wednesday, citing competition concerns.
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French minister says EU rejects Alstom, Siemens mergerPARIS (AP) — European Union authorities have decided to reject a merger between the rail activities of France's Alstom and Germany's Siemens, the French finance minister said Wednesday. Bruno Le Maire said on France 2 television that he considers the decision to be 'an economic mistake.' The veto on the merger is expected to be formally announced by the EU's competition commissioner later in the day. Le Maire said the ruling will block the creation of a European rail giant that could have competed with Chinese giant CRRC. 'It's going to serve China's economic and industrial interests,' he said.
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