14 December 2018

Siemens And Alstom Submit Remedy Package To European Commission

Alstom and Siemens have jointly agreed to submit a remedy package on December 12 to the European Commission in response to its Statement of Objection of October 29. This package represents their proposal to address the Commission’s concerns while preserving the industrial and economic value of the deal. The proposed remedies include mainly signalling activities as well as rolling stock products and represent around four percent of the sales of the combined entity. The parties consider that the

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