Siemens says respects France's decision on Alstom

FRANKFURT, June 20 Fri Jun 20, 2014 4:11pm EDT

FRANKFURT, June 20 (Reuters) - Siemens on Friday conceded in its battle to take over part of France's Alstom , after France rejected its offer with Mitsubishi Heavy Industries in favour of a rival bid from General Electric.

"We respect and understand the political interest of the government in the field of energy," Siemens said in a statement, adding that its offer for Alstom's energy assets was "verifiably better" than the rival bid.

"The safeguarding of national interests is a matter of the State," Siemens Chief Executive Joe Kaeser said in the statement.

(Reporting by Jonathan Gould)