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French finance minister says no grounds now for EU veto of Alstom-Siemens rail deal

Published 27/01/2019, 12:42
© Reuters. FILE PHOTO: French Finance Minister Bruno Le Maire attends the questions to the government session at the National Assembly in Paris
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PARIS (Reuters) - French Finance Minister Bruno Le Maire said that there were no grounds for the European Commission to veto the proposed merger of Alstom's (PA:ALSO) and Siemens' (DE:SIEGn) rail activities, confirming the firms had made new concessions on the deal terms.

" Alstom and Siemens have just made fresh concessions to the European Commission," Le Maire told France Inter radio.

"There is no remaining justification for a refusal by the European Commission of the merger."

A source familiar with the matter said on Friday that the companies had added concessions to allay EU antitrust concerns.

© Reuters. FILE PHOTO: French Finance Minister Bruno Le Maire attends the questions to the government session at the National Assembly in Paris

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