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Alstom, Siemens rail deal runs into French political concerns; shares slip

A Franco-German deal between Siemens and Alstom would also have political ramifications

Reuters  |  Paris 

Shares in Alstom and Siemens slipped on Tuesday, amid concern over political fallout in France from a mooted multibillion-dollar merger of their rail assets, a move that could give Siemens the upper hand. Alstom shares initially rose but then surrendered those gains, with the stock down 0.1 percent in early session trading and Siemens falling a similar amount. Alstom shares had rallied strongly in earlier sessions on anticipation of a deal. Siemens is expected to decide on Tuesday to pursue a transaction with Alstom rather than Canada's Bombardier, two sources familiar with ...

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First Published: Tue, September 26 2017. 18:02 IST