Alstom : Remedies submitted to Brussels, decision expected by 18 February
>Proposed remedies submitted today - Alstom and Siemens have announced that they are submitting today “a remedy package [...] to the European Commission in response to its Statement of Objection of October 29. This package represents their proposal to address the Commission's concerns while preserving the industrial and economic value of the deal.†The two companies indicated that “The proposed remedies include mainly signaling activities as well as rolling stock prod...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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