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EU: Vestager worries about Alstom, Siemens deal

 |  December 18, 2018

EU antitrust chief Margrethe Vestager on Tuesday, December 18, voiced concerns over a plan by Siemens and Alstom to create a Franco-German rail champion and its effect on high-speed trains in Europe.

German industrial group Siemens and French rival Alstom last week offered to sell either one of their high-speed train technologies and the bulk of Alstom’s signaling business in Europe in addition to some Siemens signaling assets to address EU antitrust concerns, people familiar with the matter told Reuters.

“It is right to say that we have concerns on very high-speed trains because it is very important for Europe to develop also when it comes to high-speed trains,” Vestager told a news conference.

“For us, it is very important to get the market response,” she said.

The European Commission has given rivals and customers until the end of this week to provide feedback on the offer.

Full Content: Reuters

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