Germany says Siemens-Alstom deal to help European rail industry compete
Reuters
Published Jan 16, 2019 03:00PM ET
Germany says Siemens-Alstom deal to help European rail industry compete
BERLIN (Reuters) - The German government views a proposed merger of France's Alstom (PA:ALSO) and Siemens' (DE:SIEGn) rail business as important for securing the competitiveness of the European rail industry, a German government spokesman said on Wednesday.
But he also said it was the European Commission's responsibility to review the antitrust implications of the Franco-German deal.
France on Wednesday said a decision by the commission to block the merger would be a mistake. Antitrust commissioner Margrethe Vestager voiced doubts in December about the impact of the merger on other high-speed trains.
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Written By: Reuters
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