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EU: Siemens-Alstom rail merger triggers investigation

 |  July 15, 2018

Siemens and Alstom’s plan to create a Franco-German rail champion could reduce competition and lead to higher fares for travelers, EU antitrust regulators said on Friday, July 13, as they opened a full-scale investigation into the deal.

The deal, which would create a Franco-German rail champion competing with bigger rival CRRC and Canada’s Bombardier Transportation, could lead to higher prices and ultimately harm consumers, the European Commission said.

The EC set a November 21 deadline to decide whether to clear the deal. The companies can offer concessions to address regulatory concerns.

Full Content: Reuters
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