European Commission rejects Siemens-Alstom rail merger
(Source: BBC News, February 6, 2019)
LONDON — Brussels has knocked down a proposed French-German rail merger, designed to help Europe compete with China. The EU's competition commission blocked the tie-up, saying uniting France's Alstom with the rail arm of Germany's Siemens would lead to higher prices.
Full story: BBC News
Wednesday, February 6, 2019
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