Siemens and Alstom will receive a warning this week from European Union antitrust regulators that their plan to create a Franco-German rail champion will hurt competition, reported Reuters. The European Commission, which opened a full-scale investigation into the deal in July, will send a statement of objections or charge sheet setting out its concerns about […]
On Tuesday, October 9, Europe’s antitrust chief Margrethe Vestager said she wants to hear critics of Siemens and Alstom’s plan to create a Franco-German rail champion which is being investigated by the European Commission, reported Reuters. The Commission in July opened a probe, saying the deal—which could create a global leader with three times the market […]
The European Commission has set a deadline of Jan. 28 to decide whether to approve the planned rail merger of Siemens and Alstom. The deadline was suspended early in August, but the Commission, which rules on mergers in the 28-country European Union, stated in an online filing issued on Friday that this suspension had ended […]
Siemens and Alstom stated they are confident their rail merger will proceed and be completed on time in 2019 despite objections raised by Australia’s Competition and Consumer Commission (ACCC) reported Reuters. Australia expressed concern on September 5 that the merger could lead to higher prices by lowering competition for heavy rail signaling projects in the […]
Siemens and Alstom’s plan to create a Franco-German rail champion could reduce competition and lead to higher fares for travelers, EU antitrust regulators said on Friday, July 13, as they opened a full-scale investigation into the deal. The deal, which would create a Franco-German rail champion competing with bigger rival CRRC and Canada’s Bombardier Transportation, […]
French manufacturing group Alstom said on Thursday, May 10, it had signed an agreement with General Electric to exit three joint ventures in return for a payment of €2.6 billion (US$3.1 billion), reported Bloomberg. Alstom said Thursday that it will exercise its options to exit the renewable energy, grid and nuclear businesses that were created as part […]
According to The National, Siemens, Europe’s largest industrial conglomerate, is set to complete the merger of its rail entity with Alstom by the close of the year. The post merger company looks to ramp up its presence in the sector in Saudi Arabia and the UAE. “We are now in the process of issuing a […]
Germany’s electronics giant Siemens and the maker of France’s high-speed TGV trains, Alstom, signed an agreement on Friday, March 23, that will see the creation of a European company to rival China’s market-leading state-owned rail giant. The accord sets the conditions for combining Alstom with Siemens Mobility, the German firm’s rail and infrastructure division. “We […]
Nicolas Petit, March 20, 2016 This paper seeks to understand the competitive impact of State restrictions to M&A transactions that target domestic corporations. In the economic literature, a rich body of papers has examined the impact of State restrictions in terms of market access, international trade and FDI. In contrast, the consequences of State restrictions […]