2/5/2019, 10:36 AM (Source: TeleTrader)
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Brussels not blocking mergers 'needlessly' - Juncker

Brussels is not unnecessarily blocking corporate mergers in the European Union, President of the European Commission Jean-Claude Juncker said on Tuesday.

Speaking at the EU Industry days 2019, Juncker stated the union has "only ever blocked 30 mergers" while approving more than 6,000.

His comments come after French European Affairs Minister Nathalie Loiseau stated the EC's rules, that will possibly lead to the blocking of the Siemens AG and Alstom merger, are "absurd" and need to be updated.

Breaking the News / MD