March 21, 2019 / 1:15 PM / a month ago

Siemens wants to present solution for turbine unit by May 8 - sources

FILE PHOTO: A sign of Germany's industrial group Siemens AG is pictured at a primary rolling mill of Germany's largest steel factory of ThyssenKrupp Steel AG in Duisburg, Germany, January 28, 2019. REUTERS/Wolfgang Rattay

MUNICH (Reuters) - Siemens wants to present a solution for its turbine unit by the time of its capital markets day on May 8, two sources said on Thursday after a report said the industrial group was exploring merging that unit with an Asian partner.

The sources said discussions between Siemens and possible joint venture partner Mitsubishi Heavy Industries had intensified recently but added that Siemens was also looking at other options for the unit.

Reporting by Alexander Huebner; Writing by Michelle Martin; Editing by Thomas Seythalk

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