PARIS May 7 French engineering group Alstom
has more interest in General Electric's rail
signaling activities than its freight train business, Chief
Executive Patrick Kron said on Wednesday.
The French government has said the U.S. conglomerate's offer
to take over Alstom's power and grid business is not acceptable
as it stands and has suggested a deal that would also combine
the two companies' rail businesses.
Kron called GE's freight locomotives business a "niche"
activity, however, that was very U.S.-centered and unlikely to
bring synergies with Alstom's transport business. Rail
signaling, meanwhile, was a segment the French firm was eager to
"I'm much more interested in signaling activities than in
diversifying into a business in which we are not present," Kron
told reporters on a conference call.
Kron also restated that Alstom would also give rival Siemens
fair access to its books to enable the German company
to make a competing binding offer.
"We have been in touch with Siemens and its advisers and now
the possibility for them to make a move is perfectly open," Kron
(Reporting by Natalie Huet; Editing by James Regan)