Siemens ups bid to Alstom to include underground trains | Bangkok Post: news

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Siemens ups bid to Alstom to include underground trains

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Siemens has improved its bid to Alstom for the French company's energy business, according to a letter from the German engineering giant to Alstom seen by AFP Wednesday. 

The construction plant of German industrial giant Siemens, pictured in Berlin on October 12, 2011

Siemens has offered to hand Alstom its underground as well as its high-speed train business in return for its energy activities, which it values at between 10.5 and 11 billion euros ($14.5-15.2), according to the letter sent Tuesday afternoon.

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