Alstom, one of France's long-established railway and train operators, employs 32,800 people in fast train (TGV) and tramway manufacturing area. A Franco-German deal would also limit competition concerns in Germany compared with a Siemens-Bombardier tie-up - and mean fewer politically hard job cuts, the newspaper said. That seemed a very distant prospect at the height of the confrontation over the 600 million-euro Channel Tunnel tender ($703.19 million). At the time of negotiations with GE, Siemens had also been interested in a sweeping combination with Alstom, but was rejected by the French company and its owners, which also include conglomerate Bouygues SA.
The combined company will be called Siemens Alstom, and will merge only the rail operations of the two companies.
But unions in France accused the government of neglecting strategic interests. The defeat in its home nation came as a body blow to Alstom, which had been regarded as rail royalty since the original Train à Grande Vitesse snatched the world speed record from the Japanese Shinkansen in the 1980s.
The combined company, SiemensAlstom, would make systems and equipment for two of Europe's high-speed rail lines, Germany's ICE and France's TGV, which can zip between cities at about 185 m.p.h.
The French government, which owns around 20 per cent of Alstom, will ditch its stake as part of the deal.
Siemens will receive 50% of Alstom's share capital on a fully diluted basis. Siemens becomes global number 2.
"Of course this is a large deal so no surprise it will be looked quite closely by the European Commission", he said.
The deal leaves out in the cold Canadian transportation group Bombardier, which also held talks with Siemens, sources have said, and which faces a separate battle this week to protect jobs in Quebec and Northern Ireland.
"This [merger] will give our customers around the world a more innovative and more competitive portfolio", said Siemens AG President and Chief Executive Officer Joe Kaeser.
French and German leaders have for years called for the creation of "European champions" such as Airbus AIR.PA to capitalize on the strengths of Europe's single market and create the scale needed to compete with USA and Asian rivals. Jochen Eickholt, CEO of Siemens Mobility, will assume an important responsibility in the merged entity, the company said.
При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна. «» 2007 - 2021 Copyright. Автоматизированное извлечение информации сайта запрещено.
Susan Collins , who announced her opposition Monday, joining three fellow GOP senators, essentially assured the proposal's defeat. Trump called into the "Rick & Bubba Show", a talk show based in Alabama, to discuss the state's Senate primary on Tuesday.
Other networks had to deal with National Football League games running longer than the time they were allotted on television. With all of the national anthem protests around the league, there was talk about how it could impact NFL TV ratings.
Eman's family said Eman had weighed 11 pounds (5 kg) at birth and suffered from thyroid problems since she was a child. At the Dubai hospital, she was to reduce her weight by over 220 pounds in order to fit onto the operating table.
Explore administrative actions that will add or increase focus on Computer Science in existing K-12 and post-secondary programs. "It's easy to classify computer science as tech to enable getting a job in Silicon Valley or New York", Ms.
The disgraced politician pleaded guilty back in May to sending inappropriate messages to a 15-year-old girl in North Carolina . As well as his prison term, Weiner was also fined $10,000 (€8,400) and must enrol in a sex-offender treatment programme.
The breached data may have included names, addresses, social insurance numbers and - in some cases - credit card numbers. The Equifax breach was discovered in July, but those potentially affected were notified only in mid-September 2017.
Senators Lindsey Graham and Bill Cassidy , authors of the bill , had offered to boost federal healthcare funds by 43% in Maine. Emerging from a closed-door meeting, senators were quick to confirm that no vote would take place on the Graham-Cassidy bill.
Trump has praised Yellen since taking office, saying he approves of the Fed's current low interest rates and respects the chair. Stocks opened higher and traded in positive territory for much of the day before running out of steam in the final hour.
The beneficiaries for free electricity connections would be identified using the 2011 Socio-Economic Caste Census (SECC) data. The rural household outlay is estimated to be Rs14,025 crore, with Rs2,295 crore being for urban households.
Top US general voices support for transgender troops
She asked Dunford if he had had the chance to meet with any transgender troops since the ban was announced . The guidance left it up to the Defense Department to decide the fate of now serving transgender troops.
Bali volcano eruption could be 'hours' away as 75000 evacuate
Many Indonesians live close to volcanoes because the lava flows can make the surrounding land and soil fertile for farming. Ms Goh said she had a clear view of Mount Agung yesterday morning when she climbed Mount Batur, which is about 40km away.
Equifax CEO retires in the wake of massive cyber attack
Up to last week, only about 15 million people had actually done the steps required to find out if they're one of those". An Equifax spokeswoman said in an email she was working on a response to whether Smith would still testify .
Abenomics, snap elections in Japan
Diverting the funds, however, would make "achieving the primary balance surplus by fiscal 2020 hard ", he said. Koike announced on Monday that she would lead candidates across the country under the "Party of Hope".
2 magnitude quake rocks Mexico
Throughout the region, buses carried volunteers from Mexico and beyond to disaster sites, where they bolstered search efforts. A thermal scanner on Saturday had suggested that two people might still be alive under the debris.