Chinese company CRRC can acquire Vossloh’s shunter division* The Bundeskartellamt has today cleared the acquisition of Vossloh Locomotives GmbH, Kiel, by CRRC Zhuzhou Locomotives Co., Ltd., Zhuzhou (People’s Republic of China). Andreas Mundt, President of the Bundeskartellamt: “In the present CRRC/Vossloh Locomotives merger case we very thoroughly examined all the particularities associated with the acquisition of a European company by a Chinese state-owned company. By acquiring Vossloh, CRRC takes over a key manufacturer of shunters in Europe. Possible state subsidies, the availability of technical and financial means and strategic
The German Competition Authority clears acquisition of key European shunter manufacturer by Chinese state-owned manufacturer of railway vehicles because the target company’s competitiveness has been decreasing for years (Vossloh Locomotives / CRRC Zhuzhou Locomotives)
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