EU Clears Alstom's €6.2B Bombardier Deal With Fixes
Law360 (July 31, 2020, 4:33 PM EDT) -- The European Union's antitrust enforcers cleared French rail transport company Alstom SA's planned acquisition of Canada-based Bombardier Inc.'s rail business on Friday, after the companies offered a package of fixes to cure competitive concerns raised by the deal.
The European Commission said Alstom's fixes to its proposed €6.2 billion ($6.7 billion) deal adequately remedied worries that the merger could result in the entity becoming a "market leader" in very-high speed trains, mainline trains and mainline train signaling in certain regions.
"Going forward, a stronger combined Alstom and Bombardier entity will emerge. At the same time, thanks to these remedies, the new...
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