Following an in-depth investigation, the European Commission (“EC”) decided on 6 February 2019 to prohibit Siemens’ proposed acquisition of Alstom. According to the EC the combining of Siemens’ and Alstom’s transport equipment and services in a new company fully controlled by Siemens would have created an undisputed market leader in certain rail signalling markets and a dominant player in the market for high-speed trains (e.g. ICE and TGV). By prohibiting the proposed transaction, the EC aims at protecting competition in the European railway industry and indirectly the European train passengers. In particular, the EC had serious concerns that the
The EU Commission prohibits a merger in the railway sector (Siemens / Alstom)
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