Alstom Confirms Rail Merger Talks With Siemens
By Nathan Allen
France's Alstom SA (ALO.FR) said Friday it is in discussions with Siemens AG (SIE.XE) over a potential merger with the German company's mobility division, confirming recent press speculation.
"No final decision has been made, discussions are on-going and no agreement has been reached," Alstom said.
Siemens had previously been in talks with Canada's Bombardier Inc. (BBD.A.T) regarding a merger of their respective rail businesses.
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September 22, 2017 12:49 ET (16:49 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.