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Siemens AG Could Bid For Finmeccanica SpA's Ansaldo Energia-DJ
Dow Jones reported that Siemens AG could be preparing to make an offer for Ansaldo Energia, a unit of Finmeccanica SpA, in the coming days, according to Italian business daily Il Sole 24 Ore. Siemens, which has previously made an expression of interest for the energy services unit, would be working with Credit Suisse Group AG to formulate an offer worth nearly EUR1.3 billion ($1.63 billion). The one obstacle to overcome would be U.S. fund First Reserve Corp, which owns 45% of Ansaldo Energia as well as an option on the other 55% held by Finmeccanica.
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