The Limited Times

Now you can see non-English news...

Alstom-Bombardier, a turning point for competition law


ANALYSIS - First concentration operation decided by Brussels after containment, the Alstom-Bombardier case could set a precedent.

On February 6, 2019, the European Commission banned the marriage between Alstom and Siemens. On July 31, 2020, the same Commission authorized Alstom and Bombardier to join forces. In the meantime, the competition rules have not been changed. So what happened?

Margrethe Vestager, Vice-President of the Commission in charge of Competition, had been pilloried after having judged the Alstom-Siemens project "harmful for competition on the European Union rail market ". Brussels had reasoned in a narrow way, taking into account the single European market, instead of having a global vision of the issues. And, in particular the Chinese threat. Like an incredible snub to Europeans, the Chinese CRRC won the contract for the Porto tramway in Portugal, a few days after the decision against Alstom-Siemens! This world rail number one with 24 billion euros in sales was then authorized by Germany to buy the locomotive manufacturer

This article is for subscribers only. You have 77% left to discover.

Subscribe: 1 € for 2 months

Cancellable at any time

Enter your email

Already subscribed? Log in

Source: lefigaro

You may like

Business 2020-07-10T02:50:06.815Z
News/Politics 2020-05-29T16:22:51.192Z

Trends 24h

Business 2020-09-25T12:11:37.341Z
Business 2020-09-25T20:44:37.464Z


business 2020/09/25    

© Communities 2019 - Privacy