Mitsubishi Heavy Industries, Siemens target Alstom
- Recently, Mitsubishi Heavy Industries MHI and Siemens announced that they have joined forces in evaluating a potential proposal for certain assets of the French multinational conglomerate, Alstom in order to strengthen the future position of Alstom, MHI and Siemens.
MHI and Siemens will decide on the submission of a proposal to Alstom's Board of Directors by June 16.
Shunishi Miyanaga, President and CEO of Mitsubishi Heavy Industries: "MHI has been invited by Siemens to join forces and we firmly believe that we can substantially contribute to a partnership solution for Alstom which will create value for all parties involved, including the country of France".
Joe Kaeser, President and CEO of Siemens: "I appreciate MHI's commitment to join our efforts and I do look forward to working together with MHI to create a long-term oriented solution for Alstom, MHI and Siemens".
Related News
Working From Home Will Drive Up Electricity Bills for Consumers
TORONTO - Household electricity bills are set to soar, thanks to the millions of people now working at home to avoid catching the coronavirus.
Running laptops and other home appliances will cost consumers an extra 52 million pounds ($60 million) each week in the U.K., according to a study from Uswitch, a website that helps consumers compare the energy prices that utilities charge.
For each home-bound household, the pain to the pocketbook may be about 195 pounds per year extra.
The rise in price for households comes even as overall demand is falling rapidly in Europe, with wide swaths of the economy shut…
