ON-TOPIC: INDUSTRIAL COMPETITION POLICY - MERGER CONTROL - EUROPEAN MARKET - COMPETITIVENESS
Which competition and industrial policies for the new EU Commission after Siemens/Alstom?
This series of articles presents different points of view about the priorities of the newly established Commission on competition policy in Europe in the aftermath of the decision prohibiting the Siemens/Alstom merger and of the manifesto published by French and German governments. These contributions participate in the debate on the interaction between merger control and international competition of European companies.
Competition policy in the aftermath of the Siemens/Alstom prohibition: An agenda for the new Commission
Frédéric Jenny Professor of Economics, ESSEC Business School, Cergy Chairman, OECD – Competition Division, Paris Damien Neven Professor of Economics, The Graduate Institute, Geneva I. Introduction
1. On February 6th, the Commission prohibited the proposed acquisition of Alstom’s transport equipment and service activities by Siemens. [1] According to the Commission, [2] the operation would have brought together the two largest suppliers of various types of railway and metro signaling systems, as well as rolling stocks in Europe. The proposed acquisition would have significantly reduced competition in some signaling markets in the EEA (and several Member States) and in the market for
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