Alstom and Siemens to combine mobility businesses in €15B deal

Alstom signed a Memorandum of Understanding to combine with Siemens' mobility business. Siemens will receive 50% of Alstom's share capital, and the combined entity will be named Siemens Alstom.

“Cleary Gottlieb represented Alstom, which signed a Memorandum of Understanding on September 26, 2017, to combine Siemens’ mobility business with Alstom.”clearygottlieb.com

• 1 source
• clearygottlieb.comAlstom’s €15 Billion Combination with Siemens’ Mobility Business | Cleary GottliebSep 27, 2017

Summarized from public sources; check the original articles before acting on it.