Siemens, Mitsubishi hatch alliance plan for Alstom-sources

[riky]

Siemens, Mitsubishi hatch alliance plan for Alstom-sources

<p><a href="http://news.yahoo.com/siemens-mitsubishi-hatch-alstom-plan-french-ministers-meet-125158429--sector.html"><img src="http://l2.yimg.com/bt/api/res/1.2/bAI5bHPVwImfzLQFkjWP.w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-06-12T125158Z_1006950001_LYNXMPEA5B0JN_RTROPTP_2_CBUSINESS-US-ALSTOM-OFFER.JPG" width="130" height="86" alt="The logo of French power and transport engineering company Alstom is pictured on the roof of the company's plant in Reichshoffen" align="left" title="The logo of French power and transport engineering company Alstom is pictured on the roof of the company's plant in Reichshoffen" border="0" /></a>By Benjamin Mallet and Natalie Huet PARIS (Reuters) - Siemens and Mitsubishi Heavy Industries are trying to beat a bid by U.S. conglomerate General Electric for Alstom with an offer that would focus on alliances with the French engineering group, sources said on Thursday. The German and Japanese groups said on Wednesday they were discussing a joint offer for Alstom's energy assets that would compete with GE's $17 billion proposal and would be worth around $9.8 billion, according to the Nikkei newspaper. The Siemens-Mitsubishi plan would not be a direct buyout of Alstom's power assets but would rather set up one or several joint holdings in power, according to two sources familiar with the plan. They added that Siemens was still ready to give Alstom its train business as part of the deal, although the French group has so far not shown much interest in such an asset swap.</p><br clear="all"/>

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