Siemens is poised to bid €1.3B ($1.6B) to buy electricity turbines company Ansaldo Energia from...

|By:, SA News Editor

Siemens is poised to bid €1.3B ($1.6B) to buy electricity turbines company Ansaldo Energia from Italian group Finmeccanica (FINMF.PK) and U.S. fund First Reserve, Reuters reports. Although Ansaldo is small, "Siemens will get access to those markets where it is not present," says a London-based analyst.