June 17, 2014 / 11:05 AM / 4 years ago

Siemens CEO sees no reason to discuss improving Alstom offer

PARIS (Reuters) - Siemens (SIEGn.DE) Chief Executive Joe Kaeser said there was no reason for the German company and Japanese partner Mitsubishi Heavy Industries (7011.T) to discuss improvements to their offer for Alstom’s power businesses.

President and Chief Executive Officer of Siemens AG Joe Kaeser (L), Mitsubishi Heavy Industries Chief Executive Shunichi Miyanaga (C), and Gerhard Cromme (2ndR), Chairman of the Supervisory Board of Siemens AG, arrive to attend a meeting with French government at the Elysee Palace in Paris June 17, 2014. REUTERS/Philippe Wojazer

    Kaeser told a news conference on Tuesday that their offer to Alstom, which competes with an earlier proposal by General Electric (GE.N), was already “superior” and that their project was “really comprehensive”.

    A source in the French president’s office said earlier on Tuesday that the current offers for Alstom needed to be improved.

    Reporting by Natalie Huet; Editing by Maria Sheahan

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