31 May 2018

Planned Combination Of Siemens Mobility And Alstom Reaches Another Milestones

The planned combination of Siemens' mobility business, including its rail traction drive business, with Alstom has reached the next milestone. In connection with the transaction, the French Ministry for the Economy and Finance (MINEFI) has granted Siemens foreign investment clearance. The Ministry can restrict or prohibit foreign investments in specified industries in France. In addition, France's financial markets regulator Autorité des Marchés Financiers (AMF) granted Siemens an exemption fro

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