Tuesday , November 24 2020

Siemens / Alstom: EU Commission prohibits fusion – news.ORF.at

The fusion of the railways in Siemens and the French train manufacturer Alstom has failed. The EU competition authorities have today banned a planned project. A merger will have a negative impact on domestic competition and ultimately on consumers, says EU Commissioner Margrethe Vestager. The decision triggers dissatisfaction in Paris and Berlin.

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