September 22, 2017 / 4:06 PM / in a year

Alstom confirms tie-up talks with Siemens, discussions on-going

PARIS (Reuters) - French rail transport equipment company Alstom (ALSO.PA) confirmed on Friday that it was in discussions with German engineering group Siemens (SIEGn.DE) over a possible tie-up with Siemens mobility division.

“No final decision has been made, discussions are on-going and no agreement has been reached,” Alstom said in a statement after Le Monde newspaper reported advanced talks were under way.

The French government said earlier on Friday that it had nothing against a potential merger between the two companies if the deal does not lead to job cuts.

Reporting by Bate Felix; Editing by Leigh Thomas

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