On 31 July 2020, the European Commission (the “Commission”) announced its conditional clearance of Alstom’s acquisition of Bombardier Transportation. Both the target, a German subsidiary of Canadian Bombardier Inc., and the French acquirer, Alstom, are global companies active in rail transportation and signalling. During its Phase I investigation, the Commission raised concerns relating to a number of markets. First, the Commission
The EU Commission conditionally clears a merger between global companies active in the rail transportation market (Alstom / Bombardier)
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