EU antitrust regulators to probe Siemens, Alstom rail merger

EU antitrust regulators opened an in-depth investigation on Friday into a plan by Siemens and Alstom to merge their rail businesses, saying that the deal could reduce competition for trains and signalling systems.

EU antitrust regulators to probe Siemens, Alstom rail merger
It set a Nov. 21 deadline to decide whether to clear the deal. The companies can offer concessions to address regulatory concerns. Image source: Reuters

EU antitrust regulators opened an in-depth investigation on Friday into a plan by Siemens and Alstom to merge their rail businesses, saying that the deal could reduce competition for trains and signalling systems.

The deal, which would create a Franco-German rail champion competing with bigger rival CRRC and Canada`s Bombardier Transportation, could lead to higher prices and ultimately harm consumers, the European Commission said.

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It set a Nov. 21 deadline to decide whether to clear the deal. The companies can offer concessions to address regulatory concerns.

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Written By: Reuters
Updated: Fri, Jul 13, 2018
08:59 PM IST
Brussels , Reuters
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