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Published in TZ Latest News 10 May, 2014 by The TZ Newswire Staff

Merkel says German government would support Siemens-Alstom tie-up

Chancellor Angela Merkel said on Saturday the German government would support a tie-up between engineering firm Siemens and French rival Alstom if the corporate decision-makers decide that it would make sense. Cash-strapped Alstom, which makes power generation and transmission systems as well as trains and trams, is reviewing a binding $16.9-billion bid by U.S. giant General Electric for the energy activities that make up the bulk of its business.

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