Alstom Confirms Rail Merger Talks With Siemens - Update

By Nathan Allen Features Dow Jones Newswires

France's Alstom SA (ALO.FR) said Friday it is in discussions with Siemens AG (SIE.XE) over a potential merger with the German company's mobility division, confirming recent press speculation.

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"No final decision has been made, discussions are on-going and no agreement has been reached," Alstom said.

Siemens had previously been in talks with Canada's Bombardier Inc. (BBD.A.T) regarding a merger of their respective rail businesses.

Write to Nathan Allen at nathan.allen@dowjones.com

France's Alstom SA (ALO.FR) said Friday that it is in discussions with Siemens AG (SIE.XE) over a potential merger with the German company's mobility division, confirming recent press speculation.

"No final decision has been made, discussions are ongoing and no agreement has been reached," Alstom said.

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Siemens confirmed talks about the potential rail-business combination with Alstom, but declined to add further details.

Siemens had previously been in talks with Canada's Bombardier Inc. (BBD.A.T) regarding a merger of their respective rail businesses.

The news comes after days of press speculation on a potential deal between Siemens and Alstom, which builds France's high-speed TGV trains.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

September 22, 2017 13:08 ET (17:08 GMT)