Alstom rallies as investors hope for new deal after Siemens veto

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.

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