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Siemens-Alstom merger pits politics against competition
07 Feb 2019 12:00 am
Two merger prohibitions by the European Commission this week have ushered in a political debate about whether competition rules need to change. The veto of the Siemens-Alstom rail merger in particular has drawn criticism from high-profile politicians who say there should be more latitude to create European champions. But not everyone agrees, and pushing through changes will be difficult. Brussels competition reporters Nicholas Hirst and Natalie McNelis talk to news editor Sam Wilkin about what changes could be on the horizon.
06 Feb 2019 12:42 pm by Nicholas HirstSiemens and Alstom’s frustrated plan to merge their railway businesses shows the steely independence of the European Commission’s competition regulators, who blocked the deal in the face of intense political pressure from France and Germany.
07 Feb 2019 12:44 pm by Natalie McNelisA merger of Siemens' and Alstom’s railway businesses would have been a “bad deal for British passengers, freight companies and taxpayers,” the UK rail regulator has said following the EU block on the deal yesterday.