16 June 2014
Mitsubishi Heavy Industries and Siemens provide a compelling proposal for Alstom
Mitsubishi Heavy Industries, Ltd (MHI) and Siemens AG today announced that they have joined forces and provided a proposal for the French multinational conglomerate, Alstom. Pursuant to this, MHI and Siemens propose several transactions in order to preserve Alstom’s current perimeter in almost all its activities, enhance its industrial sustainability, strengthen its position as a diversified global player in energy and transport, and strengthen its financial structure, while remaining a major French listed group. The proposal is also very beneficial for Alstom employees. Furthemore it will foster job creation in France.