Friday, July 25, 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
   
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