Deals and IPOs

Merkel: Siemens-Alstom deal a 'corporate decision'


Chancellor Angela Merkel said on Saturday that the German government would positively accompany a tie-up between Siemens and Alstom but said that any link would be first and foremost a corporate decision.

Ralph Orlowski | Bloomberg | Getty Images

Speaking at a news conference with French President Francois Hollande in the Baltic town of Stralsund, Merkel said the German government, at least, does not want to intervene in the corporate decision-making. She said Siemens first has to come forth with an offer. Alstom is the target of a takeover bid from U.S. giant General Electric.

Read MoreAlstom has'one offer on table' from GE: CEO

Hollande said that the French government is awaiting a detailed offer from Siemens for Alstom assets. "We are awaiting the detailed offer from Siemens before taking a position," he said. "We don't want to prejudge the choice."

The French government has signalled it would prefer a tie-up with German conglomerate Siemens. On Friday it said it wanted French state-controlled nuclear group Areva to take over Alstom's offshore wind turbine unit if GE's bid for Alstom succeeded.