(MENAFN) Local media reported that France called on interested bidders to improve their offers to acquire the energy arm of Alstom, France's main engineering group, Xinhua reported.
French President received leaders of Germany's Siemens and Japan's Mitsubishi Heavy Industries who presented a joint offer of USD9.48 billion in cash.
"Discussions will continue this week between the state and different companies. Bids must be improved," local broadcaster Europe1 said, citing a source close to the issue.
The French power equipment and train manufacturer offered to sell its thermal power, renewable power and grid businesses with a worth of USD20.1 billion, to help reduce its debts which stood at USD4.47 billion last September.
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