EU BLOCKS German-French rail merger to avoid OFFENDING Europe | World | News | Express.co.uk: "BRUSSELS is blocking a multi-million super deal to merge a two of Europe’s biggest engineering firms in France and Germany despite claims the merger is the ONLY way to compete with massive state-backed Chinese mega-corps.
In a bizarre step, the EU’s competition commissioner Margarethe Vestager warned a deal between French and German rail giants Alstom and Siemens would not be done to compete with Beijing-backed firms because the bloc does not want to undermine other member states.
...It comes as the Netherlands, Spain and Belgium complained the merger would result in the “widespread” loss of competition..."
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