Reuters logo
BRIEF-No major M&A moves for Alstom - Alstom CEO
May 4, 2017 / 7:33 AM / 5 months ago

BRIEF-No major M&A moves for Alstom - Alstom CEO

May 4 (Reuters) - Alstom:

* CEO says Alstom has no “vital moves” regarding mergers and acquisitions

* CEO comments came during a conference call after Alstom reported higher profits and kept its financial targets

* Talks about uniting the rail operations of Germany’s Siemens and Canada’s Bombardier are being complicated by the desire of both companies to keep control of a merged business, two people close to the matter said on April 12

* The two groups are talking about a joint venture that could compete better with Chinese state-backed market leader CRRC, which is expanding aggressively abroad and would still be twice their combined size by revenue.

* The three main rivals to CRRC -- Bombardier, Siemens and France’s Alstom -- have talked to each other about combining their businesses in various arrangements over the past years

Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below