Juncker rejects gripes that EU blocks useful mergers

FILE PHOTO: European Commission President Jean-Claude Juncker speaks during a plenary session of the EU Parliament in Brussels, Belgium January 30, 2019. REUTERS/Francois Lenoir

BRUSSELS (Reuters) – European Commission President Jean-Claude Juncker said on Tuesday that the EU executive was not needlessly blocking corporate mergers, a comment seemingly aimed at complaints in France and Germany over its expected rejection of a merger between Siemens’ and Alstom’s rail businesses.

In a speech to industrialists, Juncker said the Commission had only ever blocked 30 mergers and approved over 6,0000.

In a tweet, a spokeswoman summed up his message as: “We believe in competition as long as it is fair. We will not play politics when it comes to ensuring a level-playing field.”

Reporting by Alastair Macdonald ; @macdonaldrtr; editing by Philip Blenkinsop

Dubai's Empower secures $408 mln syndicated loan

Janus Henderson Group quarterly profit slumps 77 pct

Leave a Reply

Your email address will not be published. Required fields are marked *