TOKYO: Japan’s Mitsubishi Heavy Industries is offering to buy a 10 percent stake in Alstom, a report said yesterday, as it seeks to sweeten a joint bid with Siemens to acquire some of the French firm’s energy assets.
Mitsubishi’s offer comes as it tries to convince the French government to choose the German-Japanese bid for Alstom’s assets over a rival offer from General Electric, the Nikkei daily said.
Mitsubishi and Siemens are reportedly offering $10bn for Alstom’s gas and steam turbine business, while GE has offered $17bn. A source said that Mitsubishi is now eyeing a minority stake in Alstom as it looks to reassure the French government of its intentions by forging a broader industrial alliance with the French “national jewel”. AFP
