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Germany’s Siemens and Japan’s Mitsubishi Heavy Industries are putting the finishing touches on a joint offer for Alstom’s turbine businesses that includes a cash element of roughly 9 billion euros. Under the complex offer, Siemens would acquire the gas turbines business of Alstom while Mitsubishi would inject cash and industrial assets into a joint venture in steam turbines. Alstom would keep control of its energy transmission and renewables activities, which would not be part of the Siemens-Mitsubishi bid. In a second step that one source described as “completely independent” of the turbines deal, Siemens and Alstom would combine their rail activities.

“Siemens And Mitsubishi Finalize Alstom Offer” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

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