- Reuters sources say Siemens (OTCPK:SIEGY) will decide tomorrow to merge with Alstom (OTCPK:ALSMY) on the rail project.
- Alstom wins out over Canada-based Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) for the project.
- The sources reiterate that Siemens will have over 50% of the joint project’s shares while the project leader will come from Alstom.
- The project will have combined sales of nearly $18B.
- Previously: Siemens, Alstom could announce rail deal next week (Sept. 22)
Siemens decides on rail project partner tomorrow
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