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by Julie Chabanas and Adam Plowright Agence France-Presse PARIS, France (AFP) — The maker of France’s TGV trains announced Tuesday a “merger of equals” with German industrial leader Siemens in a giant and politically tricky deal to create a new European rail champion. The state-controlled Alstom, the manufacturer of French high-speed trains, which are a source of national pride, called the tie-up with its German competitor “a key moment in Alstom’s history, confirming its position […]
France’s Alstom will review a binding offer from General Electric for its energy business. But as Angela Odulio reports it has left the door open for a competing bid from Germany’s Siemens.
French train maker Alstom has denied it has received an official offer for its shares from US engineering group General Electric. The denial, however, doesn’t silence takeover rumors reported earlier. Alstom was not informed of any potential public tender offer for its shares from General Electric, the French turbine and high-speed train manufacturer said Thursday. “The group constantly reviews the strategic options of its businesses,” Alstom said in a statement, adding that an update on […]
