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EU Commission : rail-merger of Siemens and Alstom says officially

The EU Commission says the proposed rail merger of Siemens and the French competitor Alstom. The merger would restrict competition, the authorities in Brussels

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EU Commission : rail-merger of Siemens and Alstom says officially

The EU Commission says the proposed rail merger of Siemens and the French competitor Alstom. The merger would restrict competition, the authorities in Brussels on Wednesday. The companies offered concessions have not been sufficient to allay the concerns.

The ICE-Bauer Siemens and the TGV-producer Alstom had originally intended to merge in the railway sector, in order to survive, especially in the international competition. The two European heavyweights took the world's largest train manufacturers from China, CRRC, to the visor. CRRC plays in Europe so far, however, no role.

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The merger would have combined the two largest providers of railway signaling systems and rail vehicles in Europe, according to the EU competition authorities. Worldwide, both companies were at the forefront of their industry, it said.

In the market for high-speed trains is a dominant player more would now have been created, stated the EU Commission. Also, there are some markets for signalling systems would have been affected. For the customer, especially railway undertakings and infrastructure managers - Rail would have limited the selection of products.

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"Siemens and Alstom are both 'Champions' in the rail transport sector", said the responsible EU Commissioner, Margrethe Vestager. "Without adequate remedial measures, the merger in higher prices for signal systems to ensure the safety of the passengers, and for the next generations of high-speed trains."

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business associations and the German and the French government had argued vehemently in favor of the merger commitment. From their point of view, it needs a new EU competition law, in order to enable mergers, from which European companies can grow. With such "Champions" you want to put the state-backed competitors from the far East. The beginning of the week the German economy Minister, Peter Altmaier (CDU) had presented a new industry strategy, which aims to strengthen the German economy, especially in China and protect. (dpa)

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