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Germany: Siemens discussing railway mergers

By  |  September 21, 2017

According to people familiar with the matter, Siemens is in discussions with Alstom and Bombardier to combine rail lines.

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    Siemens has been reported to be in joint venture negotiations for several months with Bombardier, but now reports are saying that the company has recently approached Alstom as well.

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    The Alstom options are reported to either Siemens assimilating its rail business into Alstom in exchange for a large stake in the bigger French entity, or possibly a joint venture.

    Alstom shares jumped as much as 4.3% on Thursday, September 21, and Siemens shares rose 1.3% to €117.50 (US$140.23) in Frankfurt.

    Full Content: Bloomberg

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