By Josephine Mason, Thyagaraju Adinarayan, Helen Reid and Julien Ponthus, Reuters; February 6, 2019
LONDON (Reuters) – Alstom shares rallied on Wednesday after Brussels rejected the French rail manufacturer’s plan to merge with Siemens’ rail division to create a powerful European rail business.
The European Commission blocked the deal due to concerns about the merged companies’ large share of the European railway market even after they had offered concessions.