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China: Leading train manufacturers want to unite

By  |  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.

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    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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