French rail transport equipment company Alstom confirmed on Friday that it was in discussions with German engineering group Siemens over a possible tie-up with Siemens mobility division.
"No final decision has been made, discussions are on-going and no agreement has been reached," Alstom said in a statement after Le Monde newspaper reported advanced talks were under way.
The French government said earlier on Friday that it had nothing against a potential merger between the two companies if the deal does not lead to job cuts.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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