BREAKING NEWS

BREAKING NEWS

EU has no leeway if Alstom/Siemens concessions don't completely remedy problems - official

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BERLIN (Reuters) - If new concessions that Alstom <ALSO.PA> and Siemens <SIEGn.DE> have offered on their proposed rail business merger do not completely remedy problems raised by a market inquiry, the EU competition office will have no room for manoeuvre, a senior EU official said on Monday.

Alstom and Siemens have offered new concessions to try to satisfy get the EU's cartel green light for their plans to create a joint European rail champion, Alstom confirmed on Monday.

(Reporting by Andreas Rinke; Writing by Riham Alkousaa; Editing by Michelle Martin)

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