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Berlin, Paris in contact on industry sites in Siemens/Alstom rail merger
September 27, 2017 / 11:50 AM / 3 months ago

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

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