Sunday, December 21, 2014   

Siemens, Mitsubishi say their Alstom offer beats GE's
(06-17 18:49)

German industrial group Siemens and Japanese firm Mitsubishi valued the energy division of French group Alstom at 14.2 billion euros on Tuesday, after presenting their rival offer for the business.
This is nearly 2.0 billion euros (US$2.7 billion) more than a bid by US giant General Electric.
But analysts said the German-Japanese offer outlined on Monday and presented to French President Francois Hollande was too complex and would break up Alstom.
The chief executive of Siemens, Joe Kaeser, told a press conference after the two groups had met Hollande that their offer was more competitive.--AFP
   
Other Business breaking news:
Govt looks to provide 20k flats this year (12-19 17:21)
German consumer confidence on the rise (12-19 16:58)
BYD recovers partially after plunge (12-19 16:29)
Hang Seng finishes higher (12-19 16:28)
BOC Aviation adds two more Boeing jets to earlier order spree (12-19 14:46)
Nikkei finishes higher (12-19 14:24)
Hang Seng jumps at noon (12-19 13:02)
BoJ strikes more upbeat view on economy, holds off fresh measures (12-19 12:16)
China total GDP revised up 3.4% in 2013: govt (12-19 11:26)
Nikkei up by break (12-19 11:17)

More breaking news >>

© 2014 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 2014, 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.