Alstom Confirms Rail Merger Talks With Siemens
September 22 2017 - 1:04PM
Dow Jones News
By Nathan Allen
France's Alstom SA (ALO.FR) said Friday 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 on-going and
no agreement has been reached," Alstom said.
Siemens had previously been in talks with Canada's Bombardier
Inc. (BBD.A.T) regarding a merger of their respective rail
businesses.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
September 22, 2017 12:49 ET (16:49 GMT)
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