General Electric throws sweeteners into Alstom energy offer
Paris - SPA
US multinational General Electric sweetened its offer for the energy business of Alstom, proposing an alliance with the French group as opposed to a takeover in the hope of winning a two-month duel with Germany's Siemens, according to dpa.
GE's improved offer for the power generation and grid business of the French transport and energy group comes four days before a deadline for Alstom to decide on its future.
In April, GE offered 12.35 billion euros (16.8 billion dollars) for the entirety of Alstom's energy activities, which accounts for the bulk of the French group's revenues.
Siemens and Japan's Mitsubishi Heavy Industries (MHI) rowed in with arrival offer last week, under which MHI would acquire up to 10 percent of Alstom and Siemens would acquire its gas turbine factories.
The German and Japanese firms presented their offer as less predatory than that of GE, saying their proposed deal would leave Alstom - best-known as the maker of high-speed TGV trains - "a major French listed group.
"In a statement Thursday GE said it too was proposing a balanced relationship.