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EU regulators concerned about Siemens, Alstom rail merger, to probe further

Reuters  |  BRUSSELS 

By Foo Yun CheeBRUSSELS (Reuters) - Siemens and Alstom's plan to create a Franco-German rail champion could reduce competition and lead to higher fares for travellers, EU antitrust regulators said on Friday as they opened a full-scale investigation into the deal.German industrial group Siemens and French rival Alstom announced the planned rail merger in September last year, an industrial breakthrough for French President Emmanuel Macron which, however, has triggered criticism from opposition politicians.Paris said the tie-up would protect jobs but critics fear French loss of control of the ...

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First Published: Fri, July 13 2018. 21:19 IST