Paris: Alstom-in-chief is confident in front of Brussels ' merger decision

"We await with Confidence the decision of the European Commission, which is supposed to come today," said group CEO, Henri Poupart-Lafarge on Friday in the Fr

Paris: Alstom-in-chief is confident in front of Brussels ' merger decision

"We await with Confidence the decision of the European Commission, which is supposed to come today," said group CEO, Henri Poupart-Lafarge on Friday in the French radio station France Inter. The talks with the EU competition watchdogs were quickly and smoothly. The French manufacturer of the TGV high-speed trains, announced the Acquisition of the Zugsparte of the canadian Bombardier group in February. According to the former particulars, it will cost the French about 5.8 to 6.2 billion euros.

With a view to the possible social consequences of the merger, the group's CEO said: "The one as the other one has to do numerous jobs. We will all need.“ He confirmed that the plant is to be sold in the Alsatian town of Reichshoffen, in order to satisfy requirements from Brussels. To expressed of possible further concessions, he.

To Brussels ' concerns, had to Alstom and Bombardier, three weeks ago announced plans to sell Bombardier's production facilities at its location in Berlin-Hennigsdorf. In addition, Bombardier Transportation wants to make, among other things, its share of the Project to the cooperation for the high-speed train V300Zefiro. Trade unions feared that Bombardier and Alstom sites can be due to the Acquisition in danger. Alstom had failed to 2019, due to concerns the EU's competition authorities with the attempt to merge with the Zugsparte from Siemens.

dpa
Updated Date: 31 July 2020, 07:27

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