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Thyssenkrupp says cannot compare Tata JV with Siemens/Alstom

Reuters  |  FRANKFURT 

(Reuters) - downplayed concerns over antitrust scrutiny with regard to its planned joint venture with Tata Steel, saying it could not be compared with a vetoed rail tie-up of and

"You cannot put the same label on it at all," told journalists on Tuesday, adding that the European had witnessed several large transactions in the past that were approved by regulators after remedies had been offered.

The is expected to send a charge sheet known as a statement of objections to this week, which usually sets out serious competition concerns which companies have to address, sources told on Monday.

EU anti-trust regulators last week rejected a planned rail businesses joint venture between and Siemens, saying that it would have hurt competition and led to higher prices for consumers, despite concessions offered by the companies.

(Reporting by Christoph Steitz, editing by Riham Alkousaa)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 14:28 IST
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