Alstom: the union against Chinese competition.
(CercleFinance.com) - Saxo Bank emphasizes that, "in the Alstom case, it is the comparison with China that prevails", and not with Germany.
"there are 3 main companies positioned on the railway sector in China, which are heavily subsidized by the authorities - unlike our companies - and which operate in a rapidly growing local market."
However, it seems logical to Saxo Bank "to want to create a European transport giant with critical mass that will enable it to win market share internationally."
Meanwhile, BarCap says that a giant should be able to generate revenues of around 20 billion euros by 2023.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
"there are 3 main companies positioned on the railway sector in China, which are heavily subsidized by the authorities - unlike our companies - and which operate in a rapidly growing local market."
However, it seems logical to Saxo Bank "to want to create a European transport giant with critical mass that will enable it to win market share internationally."
Meanwhile, BarCap says that a giant should be able to generate revenues of around 20 billion euros by 2023.
Copyright (c) 2017 CercleFinance.com. All rights reserved.