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EU has no leeway if Alstom/Siemens concessions don't completely remedy problems - official

Published 28/01/2019, 12:30
© Reuters.  EU has no leeway if Alstom/Siemens concessions don't completely remedy problems - official
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BERLIN (Reuters) - If new concessions that Alstom (PA:ALSO) and Siemens (DE:SIEGn) have offered on their proposed rail business merger do not completely remedy problems raised by a market inquiry, the EU competition office will have no room for manoeuvre, a senior EU official said on Monday.

Alstom and Siemens have offered new concessions to try to satisfy get the EU's cartel green light for their plans to create a joint European rail champion, Alstom confirmed on Monday.

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