ntr94-C_202401645EN.000101-E0094
(94) Accordingly, the Commission may define a global market excluding only specific areas with different conditions of competition, as for example in case M.7278 General Electric/Alstom (Thermal Power – Renewable Power & Grid Business), paragraphs 162-191 – see footnote 68 of this Notice. Likewise, for example, in case M.8677 Siemens/Alstom, paragraph 133, the Commission found that the relevant geographic market for both high speed and very high-speed trains could be global excluding China, South Korea and Japan, as there were insurmountable entry barriers for foreign suppliers in those three countries. See also, for example, case M.6541 Glencore/Xstrata, paragraphs 43, 44 and 45, in which the Commission assessed potential geographic markets defined as global excluding China, because exports from China were limited, because industry analysts reported figures for China and the rest of the world separately and because a number of market participants supported such a geographic split.
Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.