You are here: Home » Reuters » News
Business Standard

Siemens, Alstom deal faces full-scale EU antitrust probe - sources


By Foo Yun Chee and Tom SimsBRUSSELS/FRANKFURT (Reuters) - Siemens and Alstom are set to face a full-scale EU antitrust investigation this week after declining to provide concessions to allay regulatory concerns about their plan to combine their rail operations, two people familiar with the matter said.German industrial group Siemens and French rival Alstom want to create a Franco-German rail champion to compete more effectively with bigger rival CRRC and Canada's Bombardier Transportation.The companies had until July 6 to offer concessions to the European Commission but did not do so. Some ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, July 09 2018. 23:26 IST