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Siemens, Alstom says rail merger EPS accretive after 2 years

Wednesday, 27 Sep 2017 

Sept 27 (Reuters) - Siemens , Alstom say in analyst presentation:Rail merger cash-neutral for Siemens .See rail merger EPS accretive after 2 years post closing .Siemens to transfer pension underfunding, project related financing.See merged rail business with double-digit margins by FY 2020 .See combined rail revenues over 20 billion eur by 2023 .See adjusted EBIT margin of 11-14 percent by 2023, compared to 8 percent in 2016. 

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