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Siemens to merge rail operations with French rival Alstom

Creation of European transportation giant is aimed at countering competition from China

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Years of bitter rivalry between Alstom and Siemens created animosity in the past so a deal between them was unexpected until last week, when Bloomberg reported talks.

Munich

SIEMENS AG and Alstom SA agreed to merge their rail businesses in a deal that brings together former arch-rivals from Germany and France to create a European transportation giant aimed at countering competition from China.

Siemens will transfer its business making train and...

sentifi.com

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