EU clears up creation of the world’s second largest train manufacturer

EU clears up creation of the world’s second largest train manufacturer

The European Commission on Friday (31 July) signed off on a merger between French trainmaker Alstom and the rail arm of Canadian firm Bombardier, setting a number of competition criteria in the process. Following an investigation into how the planned tie-up would affect Europe’s rail market, the Commission gave its approval after Alstom and Bombardier notified a number of concessions the firms were willing to make. According to the EU executive, the initial merger plan was not in line with competition principles as it would have cornered the very high-speed…

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