Bigger Is Better. . .Or Maybe Not: The Siemens/Alstom Railway Merger

By Jacques Buhart on February 11, 2019

Posted In EC Developments, Mergers & Acquisitions

The European Commission recently reaffirmed that industrial policy objectives have no role to play when it comes to applying the EU merger control rules. Despite unusually intense industrial and political pressure to get the Siemens/Alstom railway merger done, Competition Commissioner Vestager has forcefully reiterated that the substantive test under the EU Merger Regulation remains exclusively competition based.

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Tags: Chinese suppliers, dominant position, EEA, EU internal market, EU member states, EU merger control rules, EU Merger Regulation, EUMR, European Commission, European Economic Area, industrial policy, licensing agreements, national competition authorities, NCAs, political pressure, potential acquirers, rail assets, SIEC, significantly impede effective competition

Jacques Buhart
Jacques Buhart focuses his practice on cross-border mergers and acquisitions and EU/French competition investigations and litigation out of Brussels and Paris. Jacques has also developed substantial knowledge of various industries, including nuclear, telecommunications, pharmaceutical, paper and energy. He is head of the Firm's Paris and Brussels offices. Read Jacques Buhart's full bio.

Bigger Is Better. . .Or Maybe Not: The Siemens/Alstom Railway Merger

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