Deals
Stopped Dead in Their Tracks: What Next for Siemens and Alstom
- European Union antirust regulators blocked their planned deal
- French, German ministers pledged to overhaul competition rules
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After Siemens AG and Alstom SA’s highly-politicized plan for a rail merger was blocked by European Union antitrust regulators, the two former arch rivals look set to rekindle a decades-old rivalry. Or are there other avenues?
The collapse of the deal, which had strong political backing from Germany and France, opens up several possible scenarios that could change the nature of Europe’s 46 billion-euro ($52 billion) rail market: