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Siemens-Alstom merger. The EU decision could penalise the German stock

Feb 7, 2019 - 16:35 UTC

The European Commission has made its decision. Despite strong political pressures from France and Germany, the merger between the German and French train manufacturers Siemens and Alstom has been blocked by the EU. The companies, supported by their respective governments, said the merged rail group was necessary to fend off competition from China’s CRRC, the world’s biggest train maker. Europe rejected the marriage between Siemens and Alstom, both flagships of the railway industry, because according to the Commission, the merger could impact on competition in the signalling and very high-speed train markets. The decision taken by the European Antitrust Authority…

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