EU antitrust regulators approved on Friday Alstom's bid for Bombardier Inc's rail business after the French TGV high-speed train maker agreed to sell assets to address competition concerns.
FILE PHOTO: A worker stands in the doorway of a train at the Bombardier plant in Derby, central England, July 5, 2011. REUTERS/Darren Staples/File PhotoBRUSSELS: EU antitrust regulators approved on Friday Alstom's bid for Bombardier Inc's rail business after the French TGV high-speed train maker agreed to sell assets to address competition concerns.
The European Commission said Alstom will sell a French rail factory, its regional train unit Coradia Polyvalent, and a Bombardier commuter trains division and the related production facilities at its Hennigsdorf site in Germany.Reuters reported on July 27 that the concessions would help Alstom clinched EU clearance for a deal that would make it the world's second largest rail maker behind Chinese rival CRRC Corp .