Alstom : Brussels blocks the Siemens project – but Alstom stand-alone is doing fine
>As expected recently, the EU decided not to allow the deal - The competition commissioner, Margrethe Vestager, had the last word, stating that the merger between Alstom and Siemens Mobility “would have resulted in higher prices for the signalling systems that keep passengers safe (...) and for the next generations of very high-speed trains†and reduce competition and innovation in Europe. The remedies proposed were deemed “inadequate†and did not fully address the Co...Alstom serves the power generation and transmission markets, and rail transport market. Co.'s activities are divided into four sectors: the Thermal Power Sector (Co. offers power generation solutions using gas or coal to services including plant modernization, maintenance and operational support); the Renewable Power sector offers EPC solutions, turbines and generators, control equipment and maintenance for Hydropower and Wind power activities; the Grid Sector designs and manufactures equipment and turnkey solutions to manage power grids and transmit electricity from the power plant to the large end-user; and the Transport Sector provides rail transport products, systems and services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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