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China: Leading train manufacturers want to unite

 |  January 15, 2015

The two largest train-makers in the world, both based in China, have submitted pre-merger notifications to international antitrust agencies, reports say. CNR and CSR together account for more than 50 percent of the train manufacturing market worldwide.

The joint income amounts to more than $31 billion a year, more than the three leading western manufacturers combined. The merger will have worldwide ramifications and so is subject to reviews from multiple international antitrust agencies.

Beijing-based antitrust lawyer Deng Zhisong said that the merger will have to be studied case-by-case and that “Given the size of the transaction, the process might be very time-consuming, but I think the results would be relatively optimistic.”

Full Content: China Daily

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