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Mon, May. 19, 4:25 AM
- General Electric (GE) is in talks with nuclear-plant manufacturer Areva (ARVCF) and other French companies about asset sales or partnerships as the U.S. conglomerate looks to persuade France's government to support its bid for Alstom's (ALSMY) energy operations, Bloomberg reports.
- Meanwhile, Siemens (SI) could formally make a rival offer this week in which it would swap its rail business for Alstom's power assets, Reuters reports. The companies would also create a JV in rail signalling, while Siemens could offer to divest Alstom's wind and nuclear-power interests to Areva.
- However, Alstom wants cash and supports GE's bid, and although it is interested in strengthening its presence in rail signaling, it doesn't want to add to its rolling stock.
Apr. 3, 2013, 9:03 PMMitsubishi Heavy Industries (MHVYF.PK +1%) bucks the weakness in Japanese markets after winning a $22B Turkish nuclear-power-plant contract along with France's Areva (ARVCY.PK). The team will build four Atmea1-type pressurized water reactors with a combined output of 4.5M kilowatts. Construction is to begin in 2017, with the first reactor coming on line by 2023. | Apr. 3, 2013, 9:03 PM | Comment!
Aug. 15, 2012, 5:20 AM