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French minister says EU rejects Alstom, Siemens mergerPARIS (AP) — European Union authorities have decided to reject a merger between the rail activities of France's Alstom and Germany's Siemens, the French finance minister said Wednesday. Bruno Le Maire said on France 2 television that he considers the decision to be 'an economic mistake.' The veto on the merger is expected to be formally announced by the EU's competition commissioner later in the day. Le Maire said the ruling will block the creation of a European rail giant that could have competed with Chinese giant CRRC. 'It's going to serve China's economic and industrial interests,' he said. deepakmohoni If it had come true,yellow vest boxer would punch and destroy train.
Source: AP - 🏆 728. / 51 Read more »
EU blocks plan for Alstom-Siemens rail mergerThe European Union blocked the rail deal between Alstom and Siemens on Wednesday, citing competition concerns.
Source: CNBC - 🏆 12. / 72 Read more »
Siemens-Alstom is poor advert for EU championsGerman and French politicians are annoyed because the rail merger may be blocked. But their argument that the deal is needed to shield Europe from Chinese competition is flawed. The duo’s workers may also suffer. This is the wrong regional standard-bearer to promote.
Source: Breakingviews - 🏆 470. / 51 Read more »
Alstom, Bombardier stocks rise after EU blocks Siemens dealThe European Commission's decision to block a tie-up between Alstom and Ger...
Source: Reuters - 🏆 2. / 97 Read more »
Merger partners need to look closer to home to win over EU regulatorsAs Siemens and Alstom face EU rejection of their plan to create a European rail ... 💙
Source: Reuters - 🏆 2. / 97 Read more »
Rail Mega-Merger, Seen as Bid to Counter China, Gets Final Blow From EUThe European Union blocked a planned merger between the rail units of Germany’s Siemens and France’s Alstom, a move critics said would hamper Europe’s ability to compete with China. 🤦♂️ Ah, what it must be like to live someplace where they invest in rail and other mass transit instead of trying to strangle and defund it...
Source: WSJ - 🏆 98. / 63 Read more »