German Antitrust Body Opposes Siemens-Alstom Merger: Report

www.oann.com | 10/31/2018 | Staff
BERLIN (Reuters) – Germany’s antitrust authority has expressed concerns to the European Union’s competition watchdog about the planned merger of the rail operations of Siemens and France’s Alstom , a newspaper reported on Sunday.

The EU watchdog is set to decide by Feb.18 whether to approve the merger, with French newspaper Les Echos reporting that the European Commission was likely to veto the merger, which would create a Franco-German rail champion.

Frankfurter - Allgemeine - Zeitung - Competition - Body

The Frankfurter Allgemeine Zeitung said the German competition body had written a confidential letter to its EU counterpart stressing concerns about the planned deal and saying it completely shares the Commission’s reservations.

The German body said it did not...
(Excerpt) Read more at: www.oann.com
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