April 11 German industrial giant Siemens AG
and Canada's Bombardier Inc are in talks to
combine their train operations, which could be worth at least 10
billion euros ($10.61 billion), Bloomberg reported.
The joint venture would team up the firms' train-making and
signaling activities, Bloomberg said on Tuesday, citing people
familiar with the matter. bloom.bg/2o3m7GD
Siemens declined to comment, while Bombardier was not
available for immediate comment.
The deal, which could come by the middle of the year, would
require clearance from antitrust authorities and face potential
opposition from unions, according to the report.
($1 = 0.9424 euros)
(Reporting by Rishika Sadam in Bengaluru; Editing by Sriraj