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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 »
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 »
Germany on Siemens/Alstom merger plan: Back stronger global competition rulesGerman Economy Minister Peter Altmaier said on Tuesday that he did not favor get... 💙 too little too late
Source: Reuters - 🏆 2. / 97 Read more »
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 »
Germany on Siemens/Alstom merger plan: Back stronger global competition rulesGerman Economy Minister Peter Altmaier said on Tuesday that he did not favor get... 💙 too little too late
Source: Reuters - 🏆 2. / 97 Read more »
Siemens makes last ditch appeal for EU to approve rail mergerSiemens has made a last gasp appeal to European antitrust authorities not to be ...
Source: Reuters - 🏆 2. / 97 Read more »