By Keith Barrow, International Railway Journal; January 28, 2019
“Since the first remedy proposal made on December 12 2018 to the European Commission, Siemens and Alstom have continued the dialogue with the Commission and have decided to further modify the remedies so as to answer the concerns raised by the feedback from the market testing,” the companies said. “This package preserves the industrial and economic value of the deal – the order of magnitude of concerned sales communicated previously (ie around 4% of the sales of the combined entity) remaining unchanged.”
The EC is expected to decide by February 18 whether the proposed measures adequately address its concerns about the planned transaction, although Reuters reported on January 28 that a decision could be announced as early as February 6.