Reuters logo
Berlin, Paris in contact on industry sites in Siemens/Alstom rail merger
September 27, 2017 / 11:50 AM / in 21 days

Berlin, Paris in contact on industry sites in Siemens/Alstom rail merger

BERLIN (Reuters) - A German government spokesman on Wednesday welcomed a merger of Siemens’ (SIEGn.DE) and Alstom’s (ALSO.PA) rail operations, saying the tie-up showed that the European Union’s single market was also working on a corporate level.

Speaking during a regular news conference, Steffen Seibert said that Berlin was in contact with Paris on the issue of rail industry sites in both countries.

The merger aims to create a European champion to better withstand the international advance of China’s state-owned CRRC Corp Ltd (601766.SS).

Reporting by Michael Nienaber, editing by Thomas Escritt

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