Hitachi and Mitsubishi Heavy are no strangers to each other. They merged their thermal power businesses at the start of this year.
"Mitsubishi Heavy is our partner. We want to work together with them," Katsumi Nagasawa, head of Hitachi's power systems group, told a briefing on Hitachi's business on Thursday. He said the joint Siemens-Mitsubishi Heavy bid was "great news".
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The Nikkei said earlier on Thursday that the two Japanese companies would set up a joint venture to bid for Alstom's steam turbine operations, which it said would be valued at 500 billion yen ($4.90 billion).
Mitsubishi Heavy would hold 65 percent and Hitachi 35 percent of the venture, matching the shareholdings in their existing thermal power partnership, the paper added.
Siemens is expected to offer 500 billion yen for Alstom's gas turbine business, while Alstom's power grid business would be excluded from the deal, the Nikkei said.
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