EU Regulators Suspend Siemens, Dresser-Rand Deal Probe

European Union antitrust regulators have suspended their investigation into Siemens (SIEMENS.NS)' $7.6 billion bid for U.S. oilfield equipment maker Dresser-Rand Group while waiting for more data from the German industrial group.

The European Commission suspended its probe on March 19, a filing on its website showed on Wednesday. The Commission and the companies could not be immediately reached for comment.

Last month the EU competition authority voiced concerns that the merged company would compete only with General Electric in turbo compressors and drivers for trains.

Siemens, Europe's largest engineering group, hopes the deal will boost its presence in the U.S. shale oil and gas industry.
 

Reporting by Foo Yun Chee