European Commission prohibits Siemens’ acquisition of Alstom

Under EU Merger Regulation, the European Commission prohibited Siemens’ acquisition of Alstom as it had competitive concerns that the proposed transaction would reduce competition in the markets for railway signalling systems and very high-speed trains. The press release dated 6 Feb 2019 about the case is available via http://europa.eu/rapid/press-release_IP-19-881_en.htm