Alstom and Siemens confirm new merger concessions to meet antitrust requirements



[ad_1]

FILE PHOTO: The logo of Alstom appears before a press conference presenting the annual results 2016/17 of the company in Saint-Ouen, near Paris, May 4, 2017. REUTERS / Gonzalo Fuentes

PARIS (Reuters) – Alstom and Siemens have made new concessions to try to meet the requirements of antitrust laws and get the green light for a proposed merger of their rail activities, confirmed Monday Alstom.

"However, there is still no certainty that the content of this package is sufficient to ease the concerns of the Commission," said Alstom in his statement.

EU Commissioner for Competition Margrethe Vestager told Reuters on Sunday that her staff was reviewing last-minute changes filed by both companies on Friday.

People familiar with the subject said last week that EU competition control would block the deal, with a decision likely to be taken on 6 February before the February 18 deadline.

Reporting by Inti Landauro, edited by Sarah White

Our standards:The principles of Thomson Reuters Trust.
[ad_2]
Source link