Sunday, October 26, 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:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

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.