Siemens AG (SIEGn.DE)
22 Sep 2017
PARIS/MUNICH French train maker Alstom and German engineering group Siemens said on Friday they were in talks about a tie-up of their rail activities as European companies struggle to cope with competition from China.
* French govt approves rail tie-up if jobs spares (Adds Alstom, Siemens, French source and details)
PARIS French rail transport equipment company Alstom confirmed on Friday that it was in discussions with German engineering group Siemens over a possible tie-up with Siemens mobility division.
PARIS, Sept 22 France has nothing against a potential tie-up between German engineering giant Siemens and Alstom if the deal does not bring job cuts, the French government's spokesman said on Friday.
MUNICH Siemens is in talks to merge its rail business with that of either Alstom or Bombardier and will pick a preferred partner within days for further negotiations, a person familiar with the matter told Reuters on Thursday.
* Alstom deal could make Siemens majority owner - source (Adds details, background)
MUNICH Siemens will decide within days whether to continue negotiations on a potential rail combination with either Canadian group Bombardier or with French peer Alstom , a person close to the matter said.
MUNICH, Sept 21 Siemens will decide within days whether to continue negotiations on a potential rail combination with either Canadian group Bombardier or with French peer Alstom, a person close to the matter said.
PARIS, Sept 21 Shares in Alstom climbed 2.4 percent on Thursday after Bloomberg reported Siemens was said to be in talks with the French train maker as well as Bombardier Inc over consolidation of their rail activities, traders said.
* Siemens AG is negotiating with Alstom SA as well as Bombardier Inc about potential rail combinations- Bloomberg, citing sources Source text : https://bloom.bg/2xhM25m