Consideration of the merger of Siemens and Alstom by the European Commission is scheduled to be completed by November 21

The European Commission, the EU's main anti-monopoly regulator, said it has begun an in-depth inspection of the merger of German Siemens units and French Alstom in the field of railway engineering. The consideration is scheduled to be completed no later than November 21. The companies announced plans to merge in September last year. The merged company will be called Siemens Alstom and will retain its headquarters in the suburbs of Paris. Its annual revenue will be about 15 billion 300 million euros. The European Commission fears that the merger of the industry's giants will lead to higher prices for their products, reduced choice from customers and a reduction in competitive pressures.

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