Siemens hopes to submit Alstom bid by June 16

[riky]

Siemens hopes to submit Alstom bid by June 16

Germany's Siemens hopes to submit by June 16 at the latest a formal asset swap offer to France's Alstom that would create two European industry champions, the head of Siemens France said on Tuesday. Christophe de Maistre told a parliamentary economic committee that Siemens was interested in acquiring all of Alstom's power assets, except those France would see as essential to its energy independence. In exchange, Siemens would bring Alstom all of its trains business, creating a bigger transport group that would be majority owned by France and would have its headquarters there.

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