Sunday, April 19, 2015   

Mitsubishi, Siemens to offer US$10b for Alstom energy assets
(06-12 13:56)

Mitsubishi Heavy Industries and Germany's Siemens are to bid nearly US$10 billion to snap up some energy assets owned by French ''national jewel'' Alstom.
Japan's Nikkei business daily said that the joint offer of one trillion yen, which could also include electronics and machinery maker Hitachi, in what could stymie General Electric's US$17 billion offer for Alstom's energy business.
The smaller bid price was tied to the Japanese-German group's plan to buy just Alstom's gas and steam turbine business rather the wider energy group eyed by GE, the Nikkei said.--AFP
   
Other Business breaking news:
Higher US gas prices spark modest inflation in March (04-17 21:16)
Greece, creditors to hold more debt talks (04-17 21:09)
Volkswagen ends management power struggle (04-17 21:03)
GE reports US$13.6b loss due to finance unit disposal charges (04-17 20:04)
Benetton pays US$1.1m into fund for Bangladesh factory disaster victims (04-17 20:02)
Bloomberg says terminals hit by global breakdown (04-17 17:03)
Ex-IMF chief Rato assisting tax inquiry (04-17 17:00)
Hang Seng dips, Shanghai soars (04-17 16:17)
Automakers bring new models to Shanghai show (04-17 14:36)
Philippine Airlines parent returns to profit (04-17 14:22)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.