Reuters logo
a year ago
BRIEF-Wabtec receives clearance from EU for proposed combination with Faiveley Transport
October 4, 2016 / 1:52 PM / a year ago

BRIEF-Wabtec receives clearance from EU for proposed combination with Faiveley Transport

Oct 4 (Reuters) - Westinghouse Air Brake Technologies Corp

* Wabtec and Faiveley Transport receive clearance from European Commission for proposed combination

* Says approval is conditional upon a commitment to divest Faiveley Transport Gennevilliers

* Says acquisition of Faiveley family stake by Wabtec is expected to occur in Q4 of 2016

* Approval is conditional upon a commitment to divest Faiveley Transport Gennevilliers sintered brake material activity of faiveley transport

* Says both companies continue to cooperate with U.S. Department of Justice to reach approval for deal Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below