Siemens wants to discuss ‘opportunities’ with Alstom

TGV train Alstom makes TGV high-speed trains

TGV train
Alstom makes TGV high-speed trains

Germany’s Siemens wants to talk to France’s Alstom about “strategic opportunities” raising the prospect of a takeover tussle for the French firm.

Siemens contacted the board of Alstom to “signal its willingness to discuss future strategic opportunities”.

It follows reports that General Electric (GE) wants to buy Alstom, the maker of TGV high-speed trains.

GE boss Jeff Immelt is due in Paris on Sunday to meet senior French politicians, reports say.

Shares in Alstom jumped 11% on Thursday after a report said that GE was prepared to pay $13bn for the French firm.

It is thought Mr Immelt will meet him and possibly French Prime Minister Manuel Valls on Sunday, to address concerns about a possible takeover.

Alstom is one of France’s biggest private-sector employers, with 18,000 staff across the country.
As well as making trains and signalling equipment it also makes turbines for the power industry.