Siemens, Mitsubishi confirm working for Alstom assets

German engineering giant Siemens is working on a joint bid with Mitsubishi Heavy Industries (MHI) for the energy assets of French group Alstom, the companies said today.

"Mitsubishi Heavy Industries (MHI) and Siemens today announced that they have 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," they said in a statement.

They added that they would decide on the submission of a proposal to Alstom's board of directors by June 16.