The German company envisages a transaction that would result in the creation of two European champions, one in energy and one in transport, that are able to face competition from North America or Asia, de Maistre told the lawmakers.

Siemens' decision will be based on a “profound verification of the financial situation at Alstom and a broad consultation with all involved parties,” he said, adding that those include shareholders, clients, as well as government and labour representatives.

Siemens