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CRRC Corp Ltd (1766.HK)

1766.HK on Hong Kong Stock

7.76HKD
22 Jan 2019
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EU to derail Siemens, Alstom's European champion plan: sources

BRUSSELS Siemens and Alstom's plan to create a European rail champion to take on a Chinese rival has failed to win over EU antitrust regulators despite German and French backing, people familiar with the matter said on Friday.

UPDATE 2-EU to derail Siemens, Alstom's European champion plan - sources

BRUSSELS, Jan 18 Siemens and Alstom's plan to create a European rail champion to take on a Chinese rival has failed to win over EU antitrust regulators despite German and French backing, people familiar with the matter said on Friday.

Explainer - Why Siemens-Alstom rail merger is creating European tensions

PARIS Germany's Siemens and France's Alstom agreed in 2017 to merge their rail assets, hoping to create a European industrial champion. But the EU's competition authority has doubts about the deal and could turn it down, despite the companies offering to take steps to clinch it.

Explainer: Why Siemens-Alstom rail merger is creating European tensions

PARIS Germany's Siemens and France's Alstom agreed in 2017 to merge their rail assets, hoping to create a European industrial champion. But the EU's competition authority has doubts about the deal and could turn it down, despite the companies offering to take steps to clinch it.

RPT-Siemens rules out further concessions to get Alstom deal approval -sources

* Siemens is against more concessions to EU on Alstom deal - sources

Siemens rules out further concessions to get Alstom deal approval - sources

MUNICH Siemens will not make further concessions to save a rail merger deal with France's Alstom even after European competition authorities demanded further concessions, sources familiar with the matter said.

Siemens rules out further concessions to get Alstom deal approval: sources

MUNICH Siemens will not make further concessions to save a rail merger deal with France's Alstom even after European competition authorities demanded further concessions, sources familiar with the matter said.

Siemens rules out further concessions to get Alstom deal approval -sources

* Siemens is against more concessions to EU on Alstom deal - sources

Alstom expects to complete Siemens tie-up in first-half of 2019

PARIS French transport infrastructure group Alstom said it was making progress on its planned tie-up with Germany's Siemens , as the pair fight to win over regulators concerned that the deal could stifle competition in the sector.

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