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  1. 2012.07.20 Siemens to offer 1.3 billion euros for Ansaldo Energia

    Siemens to offer 1.3 bln euros for Ansaldo Fri, Jul 20 08:25 AM EDT By Arno Schuetze and Marilyn Gerlach FRANKFURT, July 20 (Reuters) - Siemens is set to offer around 1.3 billion euros ($1.6 billion) for Ansaldo Energia to extend its reach in the gas turbines market, two bankers familiar with German conglomerate's strategy said. Ansaldo Energia, a joint venture between Italian group Finmeccanica and U.S. fund First Reserve, also makes steam turbines and generators for the power market. Finmeccanica, which has said previously it was looking to sell assets worth about 1 billion euros, would not comment earlier this month on reports it was talking to groups including Siemens for its energy business and Hitachi for its rail-signalling systems unit. Finmeccanica and Siemens declined comment on Friday.

    Read the Reuters' publication