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Europe Daily Bulletin No. 11871

28 September 2017
ECONOMY - FINANCE - BUSINESS / Competition
Agreement on terms of merger between Alstom and Siemens Mobility
Brussels, 27/09/2017 (Agence Europe)

On Tuesday 26 September, the boards of directors of the French and German companies Alstom SA and Siemens AG approved the principle of a "merger of equals" between the two companies. Following the transaction, the German group will hold a stake of slightly above 50% in the capital of the new entity, to be named Siemens Alstom.

The merged entity will be a global giant in rail construction and signalling, with an annual turnover in excess of €15 billion, to rival the Chinese group CRRC. Once...

Contents

EUROPEAN COUNCIL
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
EXTERNAL ACTION
NEWS BRIEFS
CORRIGENDUM