January 16, 2019 / 8:11 PM / 8 months ago

Germany says Siemens-Alstom deal to help European rail industry compete

FILE PHOTO: French High Speed Train (TGV) made by French train maker Alstom stops next to a German High Speed Train (ICE) made by Siemens at Munich's railway station June 16, 2014. REUTERS/Lukas Barth

BERLIN (Reuters) - The German government views a proposed merger of France’s Alstom (ALSO.PA) and Siemens’ (SIEGn.DE) rail business as important for securing the competitiveness of the European rail industry, a German government spokesman said on Wednesday.

But he also said it was the European Commission’s responsibility to review the antitrust implications of the Franco-German deal.

France on Wednesday said a decision by the commission to block the merger would be a mistake. Antitrust commissioner Margrethe Vestager voiced doubts in December about the impact of the merger on other high-speed trains.

Reporting by Andreas Rinke; Writing by Andrea Shalal

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