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Siemens likely to pick Alstom for rail merger: sources


The three major European train and Rail technology groups have been looking at combining their businesses as larger Chinese state-backed rival CRRC ( 601766.SS ) embarks on a global expansion.


The Franco-German deal would come just as plans by German Chancellor Angela Merkel and French President Emmanuel Macron for closer integration may be undermined by Merkel’s weak showing in Sunday’s national election.


A scale model of a TGV high speed train with the logo of Alstom is seen before a news conference to present the company's full year 2016/17 annual results in Saint-Ouen, near Paris, France, May 4, 2017.


The decision would be a blow for planes-and-trains maker Bombardier, which faces a separate battle this week to protect aerospace jobs in Quebec and Northern Ireland amid a subsidy row with Boeing ( BA.N ).


Additional reporting by Maya Nikolaeva and Tim Hepher in Paris and Allison Lampert in Montreal; Editing by Arno Schuetze, Victoria Bryan and Mark Potter




READ MORE (Reuters.com)


  • Bombardier bruised on two fronts with threats to trains, planesMontreal Gazette
  • Siemens likely to pick Alstom for rail merger on TuesdayNasdaq
  • Siemens and Alstom on brink of rail merger: reportYahoo Singapore News
  • Alstom, Siemens in talks to merge rail opsReuters
  • Alstom, Siemens talk rail mergerTaipei Times
  • Siemens stock gains on reports of rail tie-up schemesThe Nation
  • Alstom Confirms Talks For Siemens Mobility Division MergerMarkets Insider
  • Alstom, Siemens in tie-up talksThe News International
  • Siemens, Alstom in talks to merge rail businessesMarketWatch


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