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Siemens and Alstrom : According to EU-Veto-to-track Fusion Altmaier wants to change the law

According to the no to the EU-Commission for the proposed rail merger of Siemens and the French competitor Alstom is aiming to Federal Minister Peter Altmaier (CDU), an Amendment to the EU Law. Together with France, would prepare an Initiative, "leading to a contemporary adaptation of European competition law," said Altmaier in Berlin on Wednesday.

In the global competition with China and the United States, it is important that European industry sizes and can match. The decision of Brussels, he finds regrettable. But you'll inspire "us, and encourage you to continue to work for such a solution," said the CDU politician with a view on the said merger.

he said It was crucial "that we allow for the future mergers, which are important for the competitiveness of Europe on the international world markets". How exactly you can best achieve this, would still be tested. At the beginning of the week, Altmaier presented a new industry strategy, which aims to strengthen the German economy, especially in China and protect.

competition the guardian to see strong dominance

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

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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.

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.

EU Commissioner Margrethe Vestager was against the project

"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. (dpa)

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