The German Competition Authority approves an acquisition between two locomotives on the basis that the company’s competitiveness decreased over the years (Vossloh / Zhuzhou)

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German Competition Authority, Vossloh / Zhuzhou, B4-115/19, 27 April 2020 (German)

On 27 April 2020, the German Federal Cartel Office (“FCO”) cleared the acquisition of Vossloh Locomotives (“Vossloh”) by Chinese CRRC Zhuzhou Locomotives (“CRRC”) after an in-depth review. Vossloh is the leading manufacturer of diesel-powered shunters in the EEA and Switzerland. CRRC is a subsidiary of China Railway Rolling Stock Corporation, which is 51% state-owned and is the world’s largest manufacturer of railway vehicles, with activities focused on China. Prior to the FCO’s review, the Federal Ministry for Economic Affairs and Energy had granted CRRC’s application for a certificate of non-objection under Germany’s foreign direct investment rules. During the FCO’s

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Porter Elliott, The German Competition Authority approves an acquisition between two locomotives on the basis that the company’s competitiveness decreased over the years (Vossloh / Zhuzhou), 27 April 2020, e-Competitions Transport (rail), Art. N° 95162

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