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Juncker defends EU's stand amid allegations of blocking mergers


Devdiscourse News Desk
Updated: 05-02-2019 15:22 IST
Juncker defends EU's stand amid allegations of blocking mergers

Image Credit: 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."

(With inputs from agencies.)


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