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France says EU would be wrong to block Siemens-Alstom deal

Published 16/01/2019, 13:24
© Reuters. FILE PHOTO: Henri Poupart-Lafarge, Chairman and CEO of Alstom, and Siemens President and CEO Joe Kaeser attend a news conference in Paris
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PARIS (Reuters) - The European Commission would be making a mistake if it blocks the merger between Siemens's (DE:SIEGn) rail business and France's Alstom , (PA:ALSO) France's government's spokesman said on Wednesday.

"A rejection by the European Commission would be an economic mistake but also a political failure. It would send the wrong signal to the people of Europe at a time Europe... has failed to protect European citizens... its companies," government Benjamin Griveaux told reporters.

© Reuters. FILE PHOTO: Henri Poupart-Lafarge, Chairman and CEO of Alstom, and Siemens President and CEO Joe Kaeser attend a news conference in Paris

Antitrust commissioner Margrethe Vestager in December voiced doubts over the impact that the Franco-German deal would have on other high-speed train sector.

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