Friday, October 24, 2014   

Siemens, Mitsubishi confirm joint bid for Alstom assets
(06-11 19:56)

German engineering giant Siemens is working on a joint bid with Mitsubishi Heavy Industries for the energy assets of French group Alstom, the companies said.
''Mitsubishi Heavy Industries and Siemens announced that they have joined forces in evaluating a potential proposal for certain assets of the French multinational conglomerate, Alstom in order to strengthen the future position of Alstom, MHI and Siemens,'' they said in a statement.
They added that they would decide on the submission of a proposal to Alstom's board of directors by June 16.--AFP
   
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