U.S. Markets open in 1 hr 51 mins

Bouygues confident about Alstom prospects despite EU ruling

PARIS (Reuters) - French conglomerate Bouygues, which has a 28 percent stake in Alstom, said it regretted the European Union's decision to veto a merger between Alstom and Siemens but added it was confident over Alstom's prospects.

"Whatever happens, Alstom will continue to develop on its own path," Bouygues said in a statement.

"As the key shareholder, Bouygues backs Alstom's strategy and is confident about its future," added Bouygues.

(Reporting by Sudip Kar-Gupta; editing by Jason Neely)