https://newsletter.en.creamermedia.com
rail|Siemens
rail|Siemens
rail|siemens

Germany presses for changes in EU competition rules after Siemens/Alstom deal blocked

6th February 2019

By: Reuters

  

Font size: - +

Europe should change its competition rules to facilitate cross-border mergers and create European champions which can compete with rivals from China and the United States, German Economy Minister Peter Altmaier said on Wednesday.

Siemens and Alstom's plan to create a European rail champion collapsed on Wednesday after EU antitrust regulators rejected the deal, saying that it would have hurt competition and led to higher prices for consumers.

"We do respect the decision and the authority of the European Commission, but we are convinced that we must think about and decide on future changes of European competition rules," Altmaier told reporters in Berlin.

"I've agreed with my French colleague Bruno Le Maire that we will prepare a joint Franco-German initiative that is aimed at getting an up-to-date adjustment of European competition law."

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

 

Showroom

Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 
Roytec Global (Pty) Ltd
Roytec Global (Pty) Ltd

Roytec Global is an international company specializing in liquid / solid and mineral separation technologies for the Mining and Industrial sectors.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 05 December 2025
Magazine round up | 05 December 2025
5th December 2025
A Square Forklift celebrates new partnership and facility
A Square Forklift celebrates new partnership and facility
3rd December 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.127 0.219s - 166pq - 2rq
Subscribe Now