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Alstom-Siemens: merger to create new European rail giant The two CEOs of Alstom and Siemens held a press conference Wednesday morning in Paris to discuss the tie-up of the two companies. "It's a merger of equals" Siemens CEO Joe Kaeser said, whilst acknowledging that Siemens would be the biggest shareholder with a 50-percent stake in the new company. IMAGES AND SOUNDBITES