The EU Commission prohibits a railway merger due to very significant overlaps in the companies’ activities in the fields of railway signalling and very high-speed trains and the risk of creating a dominant position (Siemens / Alstom)

The European Commission's decision to block the Siemens-Alstom [1] mega-merger in February 2019 provoked the anger of the French and German governments that had backed the deal. They accused the Commission of playing against the interests of the European economy by preventing the emergence of a European champion capable of competing with major foreign rivals in the global economy, particularly state-subsidised Chinese companies. Critics of the decision argued that Europe's economic sovereignty was at stake. Intense political pressure and lobbying activity ensued with a view to reforming European competition law or, on the contrary, to shield competition law from political instrumentalization. Eighteen months after this decision and an intense political battle, have the advocates of

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  • Bird & Bird (Paris)

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Thomas Oster, The EU Commission prohibits a railway merger due to very significant overlaps in the companies’ activities in the fields of railway signalling and very high-speed trains and the risk of creating a dominant position (Siemens / Alstom), 6 February 2019, e-Competitions February 2019, Art. N° 97918

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