The European Commission announced on Friday the approval, subject to conditions, of the takeover of the Canadian railway manufacturer Bombardier Transport by the French Alstom, which is to give birth to a rail giant.
“ Thanks to the comprehensive set of corrective measures proposed to resolve the competition concerns in the very high-speed train, mainline train and mainline signaling sectors, the transaction was promptly reviewed and cleared by the Commission ”, welcomed the Vice-President of the European Executive, Margrethe Vestager, quoted in a press release.