Gennevilliers, 4 October 2016

Faiveley Transport and Wabtec received today a conditional clearance from the European Commission for their proposed combination.

The approval is conditional upon a commitment to divest Faiveley Transport Gennevilliers (FTG), the sintered brake material company of Faiveley Transport, representing sales of around €12 million.

Completion of the proposed combination of Faiveley Transport and Wabtec remains subject to the approval of the buyer of FTG by the European Commission and to regulatory clearance in the United States, where both companies continue to cooperate with the US Department of Justice to reach approval. The acquisition of the Faiveley family stake by Wabtec is expected to occur in Q4 2016.

Faiveley Transport SA published this content on 04 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 October 2016 13:24:04 UTC.

Original documenthttp://www.faiveleytransport.com/news/european-commission-gives-clearance-proposed-combination-faiveley-transport-and-wabtec

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