The EU Commission prohibits Siemens' proposed acquisition of Alstom

The EU Commission prohibits Siemens' proposed acquisition of Alstom

ERFA welcomes the European Commission’s decision to prohibit the merger between Siemens and Alstom.

Carole Coune, Acting Secretary General of ERFA : We applaud the decision of Mrs Vestager to reject the Siemens-Alstom merger in her role of guardian of the Treaty and its competition rules.
Such a merger would have increased costs for European industry at a time when railway undertakings are redoubling their efforts to achieve excellence. But our European industry must be protected by a real reciprocity of the market access conditions.

 

To read ERFA press release, please click on the link below.



Linked documents

EU Commission prohibits Siemens' proposed acquisition of Alstom ( 2019.02.20 SiemensAlstom-1550678991.pdf )