Bloomberg: Germany considering Alstom stake via KfW for Siemens

|About: Alstom ADR (ALSMY)|By:, SA News Editor

The German government is considering buying a stake in Alstom (ALSMY) via its state-owned KfW development bank if Siemens’ (SIEGY) proposal to create two European champions in rail and energy succeeds, Bloomberg reports.

The plan would be contingent on the French government buying an equal stake in Alstom from Bouygues (BOUYF); the German government’s strategy is that the unit would be akin to Airbus, in which the French and German states hold similar-sized stakes.

Siemens is competing with GE's $17B bid to acquire Alstom's energy assets.