Alstom, Siemens To Merge Rail Businesses To Counter China's Crrc

MUNICH/PARIS (Reuters) - German industrial group Siemens AG and French rival Alstom SA agreed to merge their rail operations, creating a European champion to better withstand the international advance of China's state-owned CRRC Corp Ltd.

Topics:  munich/paris reuters     german   siemens ag   french   alstom sa   european   china   crrc corp ltd   merge   rail   

 

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