The EU Commission prohibits a merger in the railway sector and reaffirms that industrial policy objectives have no role to play when it comes to applying the EU merger control rules (Siemens / Alstom)

BIGGER IS BETTER . . . OR MAYBE NOT: THE SIEMENS/ALSTOM RAILWAY ME* The European Commission recently reaffirmed that industrial policy objectives have no role to play when it comes to applying the EU merger control rules. Despite unusually intense industrial and political pressure to get the Siemens/Alstom railway merger done, Competition Commissioner Vestager has forcefully reiterated that the substantive test under the EU Merger Regulation remains exclusively competition based. IN DEPTH Prior to the promulgation of the EU Merger Regulation (EUMR), the issue of whether industrial policy should be factored into the European Commission’s (EC’s) review of a merger was a heated one. Industrial policy has, however, been categorically excluded as a factor to be taken into account when

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • McDermott Will & Emery (Brussels)
  • McDermott Will & Emery (Paris)

Quotation

David Henry, Jacques Buhart, The EU Commission prohibits a merger in the railway sector and reaffirms that industrial policy objectives have no role to play when it comes to applying the EU merger control rules (Siemens / Alstom), 6 February 2019, e-Competitions Bulletin February 2019, Art. N° 89282

Visites 756

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues