28 Apr '14, 6am

Siemens 'tables Alstom counter-bid

Siemens 'tables Alstom counter-bid

The German industrial giant is said to have placed a counter offer with Alstom proposing the formation of two ‘European champions’ – one in energy and one in power. That would be achieved by Siemens taking on Alstom’s Power and Grid divisions and the latter taking control of the pair’s assets in the transportation sector, said the Financial Times . Such a deal would see the German group instantly turbo-charge its wind turbine portfolio – onshore and offshore – and give it a bigger presence in some key emerging markets such as Brazil, where Alstom is a major rival to GE. It Log in to read complete article.

Full article: http://www.rechargenews.com/wind/europe_africa/article135...

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