Start Shares Siemens boss: Failure of merger with Alstom possible

Siemens boss: Failure of merger with Alstom possible

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Siemens boss

Siemens boss Joe Kaeser does not exclude a failure in the planned train merger with the French concern Alstom. One must be realistic, said Kaeser today in an interview with the news agency Bloomberg on the sidelines of the annual meeting of the World Economic Forum in Davos. His „working hypothesis“ was, however, that the merger succeed.

If the proposed merger fails, Siemens has several options for its train division. An IPO is a hypothetical one.

The train merger is at risk because of competition concerns of the European Commission. In an interview with the weekly newspaper Die Zeit, EU Competition Commissioner Margrethe Vestager once again expressed her skepticism and dampened hopes for a merger. Companies recently said Siemens and Alstom would not make any more concessions.