Alstom confirms tie-up talks with Siemens, discussions on-going

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.

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