German Economy Minister Peter Altmaier said on Tuesday that he did not favor getting ministerial approval for deals such as the proposal to merge Siemens and Alstom’s rail businesses to better compete in Europe and abroad.
Altmaier said he was in favor of strengthening competition rules for the global market.
European Commission President Jean-Claude Juncker said on Tuesday the EU executive was not needlessly blocking corporate mergers, a comment seemingly aimed at complaints in France and Germany over its expected rejection of the Siemens/Alstom rail merger.
Source: Reuters.com