Date: 06/02/2019

Brussels has knocked down a proposed French-German rail merger, designed to help Europe compete with China. The EU's competition commission blocked the tie-up, saying uniting France's Alstom with the rail arm of Germany's Siemens would lead to higher prices. The firms had said the merger would create an industrial champion on a par with other global players.

External links

Giant European rail merger blocked

BBC News

France's finance minister says ruling against the Siemens-Alstom tie-up 'serves the interests of China'.