Alstom CEO Confident Siemens Rail Merger Will Clear EU Antitrust Hurdles
By William Boston
BERLIN--Siemens AG (SIE.XE) and Alstom SA (ALO.FR) are confident that European Commission antitrust regulators will approve the merger of their rail businesses, Alstom's chief executive told analysts Wednesday.
"This is a large deal, so it's no surprise that it will be looked at closely by the European Commission. We are confident," Alstom CEO Henri Poupart-Lafarge said on the call with analysts.
Siemens and Alstom announced the merger late on Tuesday, which would create a European transportation business with $18 billion in annual sales revenue and seek to be a European champion like the Airbus SE (AIR.FR) group in aviation that can compete globally.
Write to William Boston at firstname.lastname@example.org
(END) Dow Jones Newswires
September 27, 2017 03:12 ET (07:12 GMT)