Listen to RFI News
Expand Player
 
Listen Download Podcast
  • Paris Live PM 1300 - 1400 GMT
    News bulletin 10/18 13h00 GMT
  • Paris Live PM 1300 - 1400 GMT
    News bulletin 10/17 13h00 GMT
  • Paris Live PM 1300 - 1400 GMT
    News bulletin 10/16 13h00 GMT
  • 13h00 - 14h00 GMT
    News bulletin 04/05 13h00 GMT
  • 13h00 - 14h00 GMT
    News bulletin 04/04 13h00 GMT
  • 13h00 - 14h00 GMT
    News bulletin 04/03 13h00 GMT
To take full advantage of multimedia content, you must have the Flash plugin installed in your browser. To connect, you need to enable cookies in your browser settings. For an optimal navigation, the RFI site is compatible with the following browsers: Internet Explorer 8 and above, Firefox 10 and +, Safari 3+, Chrome 17 and + etc.
Americas

Toshiba to bid for Alstom's power-grid business, report

media Reuters/Vincent Kessler

Japan's Toshiba will offer to buy Alstom's power-grid business from General Electric (GE) if the US's bid for the French company's energy arm goes through, a Japanese paper reports. The French government has opposed GE's bid for Alstom.

French conglomerate Alstom, which builds TGV high-speed trains, is mulling GE's offer for its energy unit and a rival offer by German group Siemens.

French Economy Minister Arnaud Montebourg, who has criticised the GE bid, is to visit Berlin on Friday to discuss Alstom with German officials.

The energy unit includes fossil-fuel-fired power plants, renewable energy and power-grid equipment.

The US firm has an edge over its German rival and Toshiba already has already a tie-up with GE. 

According to Japanese business daily Nikkei, "if completed, Toshiba would see its power-grid sales triple from 2,000 billion euros annually."

"We are looking at merger and acquisition opportunities (...) but no decision had been made on the reported GE offer," a company spokesperson said

In 2006 Toshiba bought the American nuclear reactor constructor Westinghouse Electric.

In 2015 the Japanese company expects a 24 billion dollar contract for the construction of eight nuclear reactors in China.

 

Related
 
Sorry but the period of time connection to the operation is exceeded.