China Trainmaker CSR Says Euro Crisis Deters Europe Deals

CSR Corp., China’s biggest trainmaker by market value, is unlikely to act on proposed acquisitions in Europe this year because of concerns about the region’s economy and the future of its single currency.

“The debt crisis in Europe is still developing and I think there is a risk of the economy getting worse,” Chairman Zhao Xiaogang said in a June 8 interview in Beijing. “I want to stay calm and watch for a while.”