CRRC/Vossloh cleared in Germany

CRRC/Vossloh cleared in Germany

April 27, 2020, Global Competition Review

Peter Camesasca is quoted in Global Competition Review regarding a  controversial deal, which was approved by Germany’s Federal Cartel Office, between a pair of locomotive manufacturers. Mr. Camesasca says the case will prove to be a “relevant precedent” because the FCO “came out purely on competition grounds.” Despite heightened awareness regarding foreign direct investment, the authority made clear that it can “go about its business without getting sucked into that whole debate outside of the competition-centric remit,” he adds.