As expected, Siemens proposes buying 100% of Alstom’s gas business in a €3.9bn deal.

Japan’s MHI will offer to create three joint ventures with Alstom in steam and nuclear, grid and hydro, injecting a total of €3.1bn for minority stakes in each.

"For the time being, the grid and wind business will stay in the Alstom perimeter", Christophe Reille from Footprint Consultants, an external PR agency for Mitsubishi in Paris, told Recharge.

Siemens