Bloomberg is reporting that Mitsubishi Heavy Industries Ltd is talking with Siemens AG about a possible purchase or joint venture agreement, which would see Mitsubishi take over Siemens’ gas turbine business.
The people reportedly said that Siemens is talking with several other firms as well.
According to Bloomberg, people familiar with the matter stated that the options range from a full or partial sale of the division to a joint venture.
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Source: ESI Africa
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