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China: Train merger must follow market rules says cabinet

By  |  March 26, 2015

The merger of China’s top train makers, China and CSR, should follow market rules and ensure stable operations, a government report on a cabinet meeting said.

Wednesday’s executive meeting of the State Council, or cabinet, discussed progress toward the merger, which would create a train giant able to compete globally with the likes of Siemens and Bombardier, but there were no details about when the companies might link.

The merger “must follow market rules and the principle of the companies acting voluntarily, create favourable conditions for restructuring, ensure the stable operations of the companies and promote improvements in efficiency”, a report on the government’s main website quoted the cabinet as saying.

 

Full Content: Reuters

 

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