Arab Today, arab today toshiba eyes alstom\s power grid business
Last Updated : GMT 05:45:56
Arab Today, arab today
Arab Today, arab today

Toshiba eyes Alstom\'s power grid business

Arab Today, arab today

Arab Today, arab today Toshiba eyes Alstom\'s power grid business

Tokyo - AFP

Japan's Toshiba will offer to buy Alstom's power-grid business from General Electric, if the US firm completes a $17 billion bid for a chunk of the French conglomerate, a report said Thursday. Alstom, which builds power stations and electricity generating equipment as well as the French TGV high-speed train, is mulling a bid from GE for its energy unit and a rival offer by German group Siemens. The division includes fossil-fuel-fired power plants, renewable energy and power grid equipment. Japan's leading Nikkei business daily said Toshiba would move once GE seals the deal, paying an estimated several hundred billion yen (several billion dollars) for the energy business. The US firm is seen as having an edge over its German rival, the report said, and Toshiba already has a tie-up with GE in thermal power generation. If completed, Toshiba would see its power-grid sales nearly triple from about 300 billion yen annually now, the Nikkei said. Toshiba is betting that GE would agree to unload the grid business to ease its acquisition burden and focus on power generation systems, the Nikkei said. Toshiba's Tokyo-listed shares rose 1.28 percent to 395 yen Thursday morning. A company spokesman said no decision had been made on the reported GE offer.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toshiba eyes alstom\s power grid business Arab Today, arab today toshiba eyes alstom\s power grid business

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toshiba eyes alstom\s power grid business Arab Today, arab today toshiba eyes alstom\s power grid business

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday