(MENAFN) German engineering giant Siemens announced working on a joint venture bid with Mitsubishi Heavy Industries (MHI) for the energy assets of French group Alstom, The Peninsula Qatar reported.
Meanwhile, sources within Alstom dismissed the joint offer made by the two companies, saying it would effectively mean a break-up of the French "national jewel".
"Joined forces in evaluating a potential proposal for certain assets of the French multinational conglomerate Alstom in order to strengthen the future position of Alstom, MHI and Siemens," Mitsubishi and Siemens said in a statement.
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