By Natalie Huet and Elizabeth Pineau PARIS (Reuters) - The French government raised the stakes in the battle for the power assets of engineering group Alstom on Tuesday, urging rival suitors General Electric (GE) and Siemens to come up with better offers. Siemens earlier presented a joint proposal with Japan's Mitsubishi Heavy Industries (MHI) to President Francois Hollande that it said valued Alstom's power business at 14.2 billion euros ($19.3 billion), above GE's existing 12.4 billion offer. "The talks between the state and the different companies are going to continue this week," a source in Hollande's office said after the meeting with Siemens Chief Executive Joe Kaeser and Mitsubishi Heavy Industries CEO Shunichi Miyanaga.
from Business News Headlines - Yahoo! News http://ift.tt/1q7MMxF
via IFTTT
No comments:
Post a Comment