Singapore’s competition watchdog has given the green light to French train-maker Alstom’s US$7 billion buyout of Bombardier Transportation.
Alstom and Bombardier Transportation are competitors in supplying railway vehicles – including passenger carriages and infrastructure – for MRT lines. Alstom also produces MRT signalling systems while Bombardier does so for certain Light Rapid Transit lines.
The Competition and Consumer Commission of Singapore (CCCS) on Friday, August 14, stated that the proposed transaction will not violate Section 54 of the Competition Act, which prohibits mergers that result in a substantial lessening of competition within any local market.
It found there is likely to be “sufficient competition” following the acquisition as a number of suppliers had taken part in tenders over the past 10 years, some with winning and participation rates higher than or equal to those of Alstom and Bombardier Transportation.
Full Content: Straits Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Federal Judge Orders Google to Open Android App Store Amid Antitrust Pressure
Oct 7, 2024 by
CPI
Federal Judge Greenlights FTC’s Antitrust Lawsuit Against Amazon, Tosses Some State Claims
Oct 7, 2024 by
CPI
Supreme Court Rejects Uber and Lyft’s Appeal in California Gig Worker Suits
Oct 7, 2024 by
CPI
Supreme Court Sidesteps 5-Hour Energy Pricing Case, Allowing Antitrust Claims to Proceed
Oct 7, 2024 by
CPI
Tempur Sealy and Mattress Firm Argue FTC Proceedings Are Unconstitutional in New Suit
Oct 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh