France courts Siemens again to prevent General Electric takeover
France’s economy minister Arnaud Montebourg flew to Berlin on Friday to urge Siemens to make a counter bid for the energy division of Alstom and keep the business out of the hands of its US suitor, General Electric.
The visit is another desperate bid by François Hollande’s Socialist government to prevent GE from acquiring almost three quarters of the French industrial group. Montebourg’s office confirmed he and his counterpart Sigmar Gabriel would talk about a range of issues, including Alstom.
Read more at: http://www.theguardian.com/business/2014/may/09/france-courts-siemens-prevent-ge-takeover
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