Derby train maker in Siemens merger talks
Bombardier, the Derby-based train maker, could be about to merge with Siemens according to reports.
Shares in both firms rose sharply on Tuesday, with Siemens' hitting a record high.
Talks to merge the firms began earlier this years, according to reports. Any deal would help ward off growing competition from Chinese rivals, according to analysts.
The deal would create the world's largest train maker with combined sales of around £13bn, but any merger would come under close scrutiny from competition regulars, according to Reu... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
