Siemens-Mitsubishi invites Paris into battle for Alstom | Bangkok Post: news

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Siemens-Mitsubishi invites Paris into battle for Alstom

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The battle to take control of Alstom intensified on Tuesday, with Siemens and Mitsubishi seeking to thwart a bid by GE by inviting the French state to take a stake in the energy and rail company. 

The battle to take control of Alstom intensified on Tuesday, with Siemens and Mitsubishi seeking to thwart a bid by GE by inviting the French state to take a stake in the energy and rail company

Siemens and Mitsubishi unveiled late Monday a joint bid that valued Alstom's energy division at 14.2 billion euros ($19.2 billion) -- 2.0 billion euros more than US giant General Electric.

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