Siemens 'flags Alstom alliance'

French economy and industry minister Arnaud Montebourg said Siemens this morning wrote to Alstom to “specify the axes of an alliance".

While Montebourg didn’t elaborate on the development – which he revealed on Twitter – the letter could be a step towards a formal bid by the German industrial firm for Alstom’s energy assets.

A Siemens official at headquarters in Munich had no comment.

Siemens has until the end of the month to decide whether to launch a counter-bid to GE’s $17bn offer for the French company’s energy assets.

The company is preparing to make a formal bid as early as this week, according to reports yesterday.

Montebourg, who previously had made clear his opposition to a GE takeover, today also tweeted that he can’t foresee which alliance would be better, and said that nothing has been decided yet.

The minister last week signed a decree extending the French state’s powers to prevent defence deals into an expanded list of strategic sectors, including energy, which potentially has big implications for any bid, by GE or by Siemens.

Vestas gets 58MW Poland order

01 September 2014 05:44 GMT

Glennmont round raises €500m

01 September 2014 04:34 GMT

Scots grant licence for EOWDC

01 September 2014 03:00 GMT

Aikengall extension opposed

01 September 2014 02:31 GMT

Drive to cut UK offshore costs

01 September 2014 01:21 GMT

Met Office launches German service

01 September 2014 12:43 GMT

Mainstream switches strategy

01 September 2014 12:29 GMT

IN DEPTH: The Eno success story

01 September 2014 12:07 GMT

NTR exploring US wind sale

29 August 2014 05:30 GMT

Siemens mulls options in Brazil

29 August 2014 08:28 GMT

Invenergy finances Quebec project

29 August 2014 04:29 GMT

400MW Global Tech 1 set to go

29 August 2014 03:10 GMT

First wind farm spins in Samoa

29 August 2014 09:10 GMT

Cape Wind faces new legal appeal

28 August 2014 05:46 GMT

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine