EU antitrust regulators to investigate Siemens, Alstom rail merger

BRUSSELS (Reuters) – EU antitrust regulators opened an in-depth investigation on Friday into a plan by Siemens (SIEGn.DE) and Alstom (ALSO.
PA) to merge their rail businesses, saying that the deal could reduce competition for trains and signaling systems. FILE PHOTO: The headquarters of Siemens AG is seen before the company’s annual news conference in Munich, Germany, November 9, 2017.
REUTERS/Michael Dalder/File Photo The deal, which would create a Franco-German rail champion competing with bigger rival CRRC (601766.SS) and Canada’s Bombardier Transportation (BBDb.
TO), could lead to higher prices and ultimately harm consumers, the European Commission said. It set a Nov.
21 deadline to decide whether to clear the deal. The companies can offer concessions to address regulatory concerns.
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