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Siemens CEO sees no reason to discuss improving Alstom offer
June 17, 2014 / 10:57 AM / 3 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.

Siemens Chief Executive Joe Kaeser attends a news conference in Berlin May 7, 2014. REUTERS/Thomas Peter

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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