Reuters logo
Siemens says respects France's decision on Alstom
June 20, 2014 / 8:11 PM / 3 years ago

Siemens says respects France's decision on Alstom

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below