Siemens says standing by for talks, should Alstom-GE deal collapse

Reuters
Last Updated : Jun 23 2014 | 12:42 AM IST
The chief executive of Siemens said on Sunday the German engineering group was ready to resume negotiations with Alstom and the French state should they fail to agree terms with the French firm's suitor, General Electric.

"We are still open for talks. The doors are open for Alstom and the French government," CEO Joe Kaeser was quoted as saying by German tabloid Bild. "It is not over yet," he added.

In a letter to Siemens staff obtained by Reuters, Kaeser said on Sunday he regretted that Alstom had not been open to Siemens' proposal but that Siemens could now focus on its ongoing restructuring measures to boost profitability.

"That's why we won't particularly miss the "fight over Alstom", as our negotiations have been dramatised in the public debate," Kaeser told employees.

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First Published: Jun 23 2014 | 12:05 AM IST

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