Munich/Paris — French politicians voiced concerns on Tuesday that a planned multibillion-dollar merger of the rail assets of Alstom and Siemens could give the German company the upper hand. Two sources familiar with the matter said the French company plans to pay shareholders a special dividend if the deal does go through. Siemens is expected to opt for a deal with Alstom rather an alternative with Canada’s Bombardier, two sources familiar with the matter told Reuters. Siemens Mobility is set to be merged into Alstom, in which Siemens would hold 50% plus one share, while the chief executive would be Alstom’s current boss, Henri-Poupart Lafarge. The likely transaction has political ramifications, since the French state owns about 20% of Alstom. A special dividend would even out the value of Siemens and Alstom, which has too much cash on its balance sheet, to smooth the intended 50-50 joint venture, one of the sources said. "Will there be a special dividend? Yes," said the second pers...

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