EU Regulators Approve Siemens' Acquisition of Dresser-Rand
June 29 2015 - 6:22AM
Dow Jones News
By Tom Fairless
BRUSSELS--European Union regulators approved Siemens AG's
(SIE.XE) $7.6 billion purchase of U.S. oilfield equipment maker
Dresser-Rand (DRC) without conditions on Monday, after their probe
concluded that the deal wouldn't harm competition in the bloc.
The regulators had opened an in-depth investigation into the
deal in February, warning it risked reducing competition in the
market for turbo compressors.
Write to Tom Fairless at tom.fairless@wsj.com
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