Alstom Confirms Rail Merger Talks With Siemens - Update
September 22 2017 - 1:23PM
Dow Jones News
By Nathan Allen
France's Alstom SA (ALO.FR) said Friday that it is in
discussions with Siemens AG (SIE.XE) over a potential merger with
the German company's mobility division, confirming recent press
speculation.
"No final decision has been made, discussions are ongoing and no
agreement has been reached," Alstom said.
Siemens confirmed talks about the potential rail-business
combination with Alstom, but declined to add further details.
Siemens had previously been in talks with Canada's Bombardier
Inc. (BBD.A.T) regarding a merger of their respective rail
businesses.
The news comes after days of press speculation on a potential
deal between Siemens and Alstom, which builds France's high-speed
TGV trains.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
September 22, 2017 13:08 ET (17:08 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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