Presenting their "concept" for Alstom, the CEOs of the two companies confirmed that under their plan the Wind and Renewables operation of Alstom would remain 100% under the control of the French company.
But MHI – which already has an offshore wind joint venture with Vestas of Denmark – will inject cash to take minority stakes in the Steam Turbine, Grid and Hydro units of Alstom, as well as seeking to buy 10% of the entity as a whole.
Siemens
